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Hi Guys, A trader friend of my explained how SET was determined so I'm clear now as to what I should have done differently. Thanks for listening I didn't mean to whine. I've learned a lesson and fortunately it didn't cost too mucy. Happy trading all...

Fill me Maverick with what you know about SET. I thought the "set" price was based on Friday's am open...but obviously I'm wrong. So fill me in.

Hi guys, I had a call spread out for SPX Oct. 1370/1380 calls and for some reason instead of expiring worthless...I had to buy back the SPX 1370 calls for 1.12? Any ideas why this should have happened. I assumed they were worthless because the SPX range for Friday was 1362-1368 and it...