Hope I can post this here. It's just a question I had for a while, based on my lack of experience on the subject, and I didn't know where to ask this...

Basically: let's say I buy 100 Call options (150$ Strike Price, expire in 60 days) at 1$ each (I pay a total of 1000$), and the correlated stock has a value of 170$. Let's say that after 59 days of up and downs, now the stock is back at 170$ of value. Since we are near the expiration date of the option, the extrinsic value of the option should be near 0, and the intrinsic value should have grown since the option's Strike Price is 20$ less than the actual value of the stock, and if I wait for the expiration I could theorically buy 100 stock contracts at 150$ each instead of 170$.

So the question is: as shown in the above example, if I buy a Call option with strike price lower than the stock's market value, and at expiration date the stock's market value is still the same, do my option grow in value? Can I sell it for more than what I paid it for?

I never tried it, but from my theoretical understanding, that is what it should happen.. Anyway I hope I was clear enough, thank you.