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Correct. American style can be exercised early. European style cannot.

If they expire in the money by .01 they will automatically be exercised. If you want to exercise early you can call or email the trade desk at your brokerage. I trade through TastyWorks so I just call the trade desk. And yes ask newbie questions on here. Traders will give you answers. Some...

It's the 230 call that is offered @ 45.65 and yes the 200 is offered at $61

I see that screen shot showing an offer of $43.15 for the 235 call and $41.10 for the 240 call. That's normal. Did you attach the wrong screen shot?

Good points. I think the YOLO strategy was to buy OTM calls and the MM when they sell them buy stock to hedge driving the price up and up. The fear is a good number of the RH crowd don't understand assignment. Some don't grasp if you let them expire you need to have the capital to purchase the...

Yep that was it.

Agreed.

I don't trade through IB but I have respect for them and specifically their founder. He came to this country with nothing and has built a market leading firm. I was impressed with their integrity in making customers whole during the whole negative crude oil fiasco when they had their platform...

okay makes much more sense when you weren't using "spread" to refer to a defined risk trade in options.

I think this is important. More I read about career successful traders there are times they aren't that active. Waiting for opportunities.

When I taught high school economics over a decade ago we did a unit on futures trading. Set up our own mock pit, got new edge to donate jackets and the Lazarre trading cards, broadcast prices on the web to my trading friends who called in orders. Kids had a blast and learned about markets...

the last day....

In in a similar thought I spent a couple summers clerking for a large broker in a certain commodity pit. You would see the order flow. If there was a large sell order of ATM calls you knew the locals who bought the ATM calls would immediately hedge their trades in the futures pit. 1,0000 ATM...

if you exercise after the close today probably saturday morning they will post. I've never exercised early so don't know how that works. Your account will look all weird until things offset so don't freak out if it shows you down big.

Week 3 Outcomes Weekly Flies Percent winners: 66% 1:3:2 RIOT 20-25-27.5 Call fly enter @$1.10 exit at $2.68 +$1.58 1:2:1 C 62-65-68 Call fly enter @$0.32 exit @ $0.15 - $0.17 1:3:2 DKNG 52-55-56.5 Call fly enter @$0.68 exit @ $1.00 + $0.32 1:2:1 X 18-20-22 Call fly enter...

Having worked for with a market making group in options back in the trading floor days the hedge is usually immediate.

I did a similar play in AMC this week doing a calendar on the $6 put. Broker then issued a statement for closing orders only so exited at a profit of $15. Would have liked to have run a campaign calendar on it. By this buying in the expiring option on its last day and selling the next...

So far so good on TW.

Probably look for the same on some of these other pump and dumps

Eying a calendar put in AMC though. GME too rich for my blood.