ESU6 expiration

[swtrader]

this expires today

does it expire at the open?

i held one stray position contract

 

[Surdo]

I was wondering why Times and Sales stopped at 9:30 AM ET!

 

[swtrader]

so how do you get out of it

hit the frozen bid or ask?

 

[Pabst]

Quote from swtrader:

so how do you get out of it

hit the frozen bid or ask?

You will be cash settled at the SPX open.

 

[swtrader]

Quote from Pabst:

You will be cash settled at the SPX open.

so basicly do nothing, and interactivebrokers will settle it?

 

[nkhoi]

Quote from Pabst:

You will be cash settled at the SPX open.

how much will he get?

 

[Pabst]

Quote from swtrader:

so basicly do nothing, and interactivebrokers will settle it?

I don't trade through IB but they should.

 

[Pabst]

Quote from nkhoi:

how much will he get?

He'll receive 50x the SET value of SPX. That amount will of course be subtracted from the notional value of his ESU6 position. The differential will be his profit/(loss).

 

[swtrader]

Quote from Pabst:

He'll receive 50x the SET value of SPX. That amount will of course be subtracted from the notional value of his ESU6 position. The differential will be his profit/(loss).

presumably it comes out the same as though I had liquidated at the final tick the pinned it to?

 

[Pabst]

Quote from swtrader:

presumably it comes out the same as though I had liquidated at the final tick the pinned it to?

Doubtful........