Recent content by stonk

So I’ve been using a paper trading account to test out selling some vertical spreads. The problem is that I’m not really sure at what time they expire. I looked it up and of course everyone said that most contracts expire at the close of the market on the day of expiration, that being 4pm EST...

So I bought an OTM put contract for MSGN with a strike price of $15 yesterday, the price of MSGN went down 4% during the day and yet my contract only went up in value around $10 (the contract was $40 when I bought it). The expiration was only 2 weeks out so I was really confused as to why the...