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Td Charges .65 per option, can be negotiated down a bit with some volume.

To answer your question, yes, you can file a "do not exercise" advice form with your broker and your in the money option will not be exercised. Does this make sense to do? No it doesn't. Please google the definition of marginal tax rates.

No, but they may reduce it to a point where its not worth switching brokers depending on your other trading needs. A five minute phone call is certainly worth it.

Before you do anything else, I would call TD and ask them to lower your commissions.

Another thing to consider is if you become a LLC you will most likely have to pay professional data fees which could be substantially more then you are paying now.

Exactly! A 5 dollar quoted spread doesn't mean the real spread is 5 wide. It means the MM's don't want to leave tight quotes up and get picked off in a rapidly moving market. The "real" market is much tighter. Try 1 lots in between the quoted markets to determine the real market. I was...

Excellent. I may have to steel that one from you.

The OCC put out this memo in case of an 'unscheduled market closing" https://www.theocc.com/components/docs/about/publications/unscheduled-market-closings-guide.pdf

Ha, no just playing the opening rotation to determine the settlement price.

69.76 settlement, lower then yesterday and we were down big.

Note that retail traders can participate in this SPX opening.

Looking at opening indication of SPX options in April that will determine todays VIX settlement. Could be a crazy mark (or not). Follow along here, https://markets.cboe.com/us/futures/market_statistics/volatility_settlement_eoi/

You can trade the overnight session of the SPX options with IB. It trades from 2am to 8am ct. Markets have been wide lately but there is some opportunity if someone is paying up for an option. Watching time and sales is key here. You can then hedge with ES futures.

24.16 was the closing price and your short calls would have been auto exercised, but the holder of these calls has until 530 pm et (many brokers have an earlier cutoff to meet this deadline) to file a "do not exercise" notice. BAC was trading below 24 after hours on Friday, so it seems there...

Yup , bouncing off of almost down limit

I agree. This seems bearish to me too. Looks like Fed panicking.

My guess is trying to avert a Monday crash

So you're a bit off on your potential profit. The June 3100/3000 put spread was worth about 64 on Friday's close, so you can only make an additional 36 on it or about 3,600, not $5,000. Not sure if this affects your decision. As @gmal said, the best way to lock in a profit is to close the spread.

Overnight session hard limit is 5%

Don't know the answer to this even though I primarily trade SPX. If you are able to sell puts expiring today that are down 30% and the market closes if we are down 20%, you would think it is a safe trade. I realize there may be margin or clearing firm issues, but you would think its a safe...