Assignment Risk for Weekly Options

N

nwoptions

Hi everyone, if I want to trade long neutral butterflies on a weekly basis, when should I close out my trade to avoid assignment?

Someone of thetagang told me to close out the position no later than Wednesday.

Do you agree?

Thanks
 
nwoptions said:
Hi everyone, if I want to trade long neutral butterflies on a weekly basis, when should I close out my trade to avoid assignment?

Someone of thetagang told me to close out the position no later than Wednesday.

Do you agree?

Thanks
More...
What number is my 2nd cousin thinking of now?
AKA: Insufficient information provided.
 
And other than a div play,why would anyone exercise their call early??

And why do you care??


nwoptions said:
Hi everyone, if I want to trade long neutral butterflies on a weekly basis, when should I close out my trade to avoid assignment?

Someone of thetagang told me to close out the position no later than Wednesday.

Do you agree?

Thanks
More...
 
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