Recent content by wmtrader

I have heard that, when the stock goes up, the time to roll up the married put to the next strike is when it costs around 25% (25% to 30%) of the difference in strike prices to implement the roll up (ie for $1 difference in strikes pay around $0.25 as the difference in sale of existing put and...

Many thanks guys for your comments. Being a newbie I was worried that I had misunderstood something fundamental about options, but your replies helped me realize something else was going on. it turns out it was a quirk in the thinkorswim paper trading platform. Here is their reply when I...

Can someone please explain how long OTM puts get assigned at expiration? I assumed they expired worthless, but apparently not. As a newbie I usually avoid expiration week, but I could not avoid it as I ended up with some puts in a paper trade that I could not figure how to sell (as they were...