Heads up - Market closed this Friday March 25 (Good Friday)

[OptionGuru]

Heads Up

Market closed this Friday March 25 (Good Friday). Don't get caught with your pants down thinking you can close your option trade on Friday.

 

[OptionGuru]

• GOOGL at $754.50
• The 755.00 weekly calls are $0.45
• The 752.50 weekly puts are $0.30

If someone isn't paying attention they might snap up those cheap calls/puts for what they think is a "VERY CHEAP" strangle for a 1-day trade expecting to exit tomorrow.

 

[Sig]

• GOOGL at $754.50
• The 755.00 weekly calls are $0.45
• The 752.50 weekly puts are $0.30

If someone isn't paying attention they might snap up those cheap calls/puts for what they think is a "VERY CHEAP" strangle for a 1-day trade expecting to exit tomorrow.

I had a friend get burned by something similar before, thanks for the reminder!