aren't that motivate for immediate exercise of the call?
because I can get either guaranteed profit or potential 0.
in the same example of $2 CRV, $1 price buy call with 1 month expiry.
if I use it right away I get x2 profit, if token grew up to $3 - sad for me, could do better, but just 50% better. If token goes down - to $1 consider myself lucky, I made x2 instead of 100% loss.
if I wait for a while - if token goes to $3 - well, I'll make x3 instead of x2, +50%. if token goes to $1 - I get zero profit, or even loss if I wasn't careful enough and bought it for $1 instead of waiting and forget to fix the loss, so infinite times worse than a x2;
so if I have to option to get x2 right now,
or wait and get equiprobable potential a) +50% from this x2 or b) -100% - I assume x2 is right now is better option.