So I will have about $42,000. worth of options getting called away on Friday...I've known this for awhile. They will most likely get filled on Saturday morning. Since Monday is a holiday, it seems I may not have access to this money till maybe Tuesday/Wednesday...Does that sound correct?? T + 2...I hate the float, when it's my money. The options are at Schwab...Which many of you know, will throw all their settlement money into Schwab Bank (which earns diddly squat).
I'll then put the money into a short term treasury or a short term CD.
It just sort of hit me right now...That many June and January options can expire on three day holiday weekends!! Very sneaky...
I'll then put the money into a short term treasury or a short term CD.
It just sort of hit me right now...That many June and January options can expire on three day holiday weekends!! Very sneaky...