Recent content by nx109

So you're saying 4:15? Makes sense since SPY options end trading at that time. Good idea on calling the broker, if in doubt, I will do that. Couldn't there be an easy way to check the official last price of underlying on option expiration day? I mean it's a pretty important number. I've seen...

So, in simplistic probability terms, is it safe to say that if the underlying was trading above my price (OTM) at all times before 4 PM but then goes below my strike (becomes ITM) after 4 PM for the first time, there is a 99% chance I will get assigned? You've been very helpful.

In addition to the previous post, I also found this (though it is not very relevant to my concerns)

Thanks for answering! So in summary I think you are saying: 1-If the price is in the money at 4 PM (eastern time) it will get exercised 100% of the time. 2-Generally intention to not exercise is very rare and I can assume it to be at less than 1% (on a monthly basis, this is my opinion not...

Hello! I've googled and searched the forum but a few specifics are still unclear to me as to how assignment of puts I've sold happens (and when). Let's assume I've sold some puts on the SPY at strike 150, and on a Friday close the SPY is trading at 149. To my understanding: The puts...

A-ha! Right... I was just thinking about it and it makes sense. I was confused by reading somewhere that "short calls are the same as long puts", except they're not. Thanks for that.

Wait what? That's what got me confused. I thought that if the price went above $110, that would mean that the short call would be OTM, just like a long put would. That's what's confusing me. Are you saying that price above $110 makes a long put OTM and a short call ITM ? Thanks for the great...

To simplify the question: Let's say I have a Bear Credit Spread (Bear Call Spread). Now, first my account gets net credit, and then I wait for expiration. If at expiration, the price is higher than the mid-point, that means if I closed the position, I would be at a net loss. However, if I...

Oh wow that was sooner than we hoped for. That'll be a nice short addition to the folio. Game on!

While it is still new, but especially when options and structured products pick up. I'd short it down to 30 right now, or wait for at least one week for a resistance to show up.

Hello ET, I'm new to all this but I've been reading about options and now I need to interact and ask some questions since it's getting pretty complicated. Long Iron Condors create a net credit (at least they should), but I'm not clear on a few points. This means that the options I sell are...