GE Option Fun

[Arnie Guitar]

I have several GE Option positions.
This recent GEV thing has made rolling impossible,
according to TDA.

For example.
I'm long 1 160 Call expiring this Fri.
I'm also short 1 170 Call expiring this Fri.
TDA says I need to close out this Spread altogether,
then open a new Spread.

TDA's website shows this description:

GE Apr 5 2024 160 Call (ns) (Weekly)

2 Days to Expiration
100 shares of GE, 25 shares of GEV, 25 shares of GEV/WI

Even though GE is currently below both Strikes,
I need to factor in 25 shares of GEV,
which puts me ITM according to TDA.


So if i did nothing and let it expire?...

Interesting.

My head hurts...

 

[PennySnatch]

Is the position in profit as it stands? If so, why not close it at scratch or better and move on to another opportunity?

 

[Arnie Guitar]

Yes, currently profitable.

You have what I believe to be the most logical answer.