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.
Does anyone else here buy cheap expiring options on the close to trade the stock after hours? I was watching SMCI on Friday. It had over a 270...
Wow. As you said, interesting concept. Hard to see how they will make money. They do suggest tipping after a trade, which seems a bit odd. The...
I didn't realize there were any sites that offered real time options quotes. Thought you had to go through your broker or pay for the service....
I listed in another post when it may make sense to exercise early. What you quoted and responded to was my statement that you should never...
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