What I think is really interesting here is they say that "open close data confirms customer side" They say they know the customer sold the...
@ajacobson is one of the reasons I come to ET. I have learned things from him that I never knew and couldn't find anywhere else.
I have to say Quanto, you're a tough one to figure out. You post a great deal here and you seem to get upset when people comment. I tried to...
You still don't seem to understand. You can't let these options exercise automatically and have the OCC handle everything. These are not cash...
Your graph is showing P/L. Based on the prices you typed in you are paying .19 for the butterfly, so if it went out at 10, your P/L would be 10 -...
Being patient and waiting doesn't help. At the close you can't sell the spread for maximum profit and if you wait, you are at risk of not being...
Lets assume you are long the SMCI 860/870/880 call butterfly. With this model and others, it will assume the max profit will occur if SMCI closes...
The problem with this and all other options payoff calculations is they assume when the stock closes at the exact price where a short option is...
NSstrikes stop being served by the market makers Non standard strikes are still quoted by MM's. Customers can also open orders here as well (if...
As a Market Maker, I used to come into the CBOE early Saturday morning after expiration Friday to clear up any outtrades. Was a fun time actually...
I do not know the reasoning. I assumed it was just to speed up the process. Here is a CBOE link explaining the timing of the change, Equity...
Maybe if @rmorse is reading this, he could post Lightspeeds policies on exercises/contrary exercises on expiration day, along with cutoff times.
Exactly correct. Your 50 put would not exercise automatically as it was out of the money, but you could notify your broker to exercise it when...
I'm not sure what else I can say. You have been posting here as long as I have and I like reading your comments. Not trying to fight with you,...
Looks like the IBKR cutoff time is 525pm et. Delivery, Exercise and Corporate Actions | Interactive Brokers LLC
Lol, you are 100% wrong here. On expiration Friday you have until 530pm (as mentioned many brokers will have a slightly earlier cutoff time to...
Automatic exercise of an option is based on the 4pm et closing price of the stock on its primary exchange. This is typically done with a closing...
Thats not how it works. Automatic exercise of an option is based on the 4pm closing price. Option holders have until 530pm et (or slightly...
I used to do these plays quite a bit, but haven't in awhile. I liked the SMCI play Friday, because I thought the premium on these puts was very...
Absolutely. This is the biggest risk of this trade is not being able to get your exercise notice in.
Separate names with a comma.