Bum Sep 19, 2019 #21 marameo said: While payoff at expiry is clear what happens when the underlying is either in-the-range (between the strikes) or out-of-the-range before expiration? More... Both positions(long & short) will have a market value so can be closed at any time prior to expiration. Can close just one side or both.
marameo said: While payoff at expiry is clear what happens when the underlying is either in-the-range (between the strikes) or out-of-the-range before expiration? More... Both positions(long & short) will have a market value so can be closed at any time prior to expiration. Can close just one side or both.
