S&P Futures down 0.55%.
Perhaps Monday might be a good day for the SPY Puts that expire Monday.
Buy 1-strike OTM at market open.
Sell 1/2 hour before market closes.
Wednesday is another expiry day for the SPY options.
Yahoo Finance SPY option chain for September 15.
https://finance.yahoo.com/quote/SPY/options?p=SPY
Ok .... I will try and answer your questions.
He can sell-to-close right up to 4:00pm EST, but the broker might close earlier if there isn't enough margin. I think SPY options trade to 4:15pm EST, but I can't with my broker.
Each contract is 100 shares.
There would be no problem selling...
It was a joke not directed at you.
I don't follow option greeks - to me they are as useful as taking it up the ass.
My post was sort of a play on words.
Theta had very little to do with the 445 Puts declining from $0.66 to $0.14.
Most of the decline was due to the SPY going from about $444.81 to about $446.10 - up $1.29 in a very short period of time.
Delta was the big influence on the options in this case.