option expiration and after hours pricing

[eldorado1]

wrote a 180 GLD Aug Call and didnt buy back
GLD closed at 179.95 but in after hours trading its priced 180.21
will I be assigned?

Thanks

 

[rmorse]

Quote from eldorado1:

wrote a 180 GLD Aug Call and didnt buy back
GLD closed at 179.95 but in after hours trading its priced 180.21
will I be assigned?

Thanks

You won't know until Monday. If I were long the call, I would sell stock after hours and exercise to call. Not everyone can do that.

 

[eldorado1]

In all their emails, TDA forgot to mention the most important thing - that naked selling aren't aloud anymore. I wanted to unfold a spread step by step but couldn't submit my orders so in the end got stuck with this.
so Monday I need to hope for a gold pullback... Not cool

 

[rmorse]

Quote from eldorado1:

In all their emails, TDA forgot to mention the most important thing - that naked selling aren't aloud anymore. I wanted to unfold a spread step by step but couldn't submit my orders so in the end got stuck with this.
so Monday I need to hope for a gold pullback... Not cool

Is this a cash account or margin account?

 

[eldorado1]

Quote from rmorse:

Is this a cash account or margin account?

Margin

 

[rmorse]

Quote from ForexForex:

I think auto exercise is $0.05, you will have to contact your broker. Good thread on what can happen: http://www.elitetrader.com/vb/showthread.php?s=&threadid=51251

Auto is .01. But any professional long the call will exercise. Customers might not.

 

[eldorado1]

Quote from rmorse:

Auto is .01. But any professional long the call will exercise. Customers might not.

My buying power won't be enough. Do I contact my broker about this.
BTW, I have a GLD 177 Oct Call so delta's will be moderate at least

 

[hajimow]

Quote from eldorado1:

My buying power won't be enough. Do I contact my broker about this.
BTW, I have a GLD 177 Oct Call so delta's will be moderate at least

Closing price in regular trading hours counts. 99% your calls won't be exercised. Don't worry.

 

[rmorse]

Quote from eldorado1:

My buying power won't be enough. Do I contact my broker about this.
BTW, I have a GLD 177 Oct Call so delta's will be moderate at least

I would. You want to make sure if your not assigned they don't auto liquidate on the opening. You also want to find out when Monday you'll know.

 

[jayre]

Quote from rmorse:

I would. You want to make sure if your not assigned they don't auto liquidate on the opening. You also want to find out when Monday you'll know.

Does your broker auto liquidate? If yes you can look like the guy that had the goog calls. If they will issue you a call before liquidating, you are in much better shape.