Can't sell my options

There are no bids for my ITM options, I don't have enough fund to exercise them, IB doesn't seem to allow partial exercise. There are still 3 weeks left, but there were no bids & trades yesterday, I think it will only get worse. Any suggestions?

 

Have you tried entering a limit order to exit your position at parity or just above?

 

the above answer should do the trick

 

get an option calculator to not lose to much time value if any left

 

Put in an offer enough below intrinsic to cover commissions and someone will hit it. If not post the option here and I'll hit it.

 

Obvious 'suggestion': Don't get into this situation in the first place. Be properly capitalized for all contingencies, or you'll be the short-stack at the table.

 

there isn't a situation, just a guy that doesn't know how the option markets work, which in itself is a rather dumb thing to do when you are trading them ...

 

When you say my "ITM" options do you mean thinly traded (i.e. no vol or oi yesterday or today) VanEck Vectors AMT-Free Intermediate Municipal Index ETF (Symbol: ITM) or some options hetertofore unidentified that are In-The-Money (also ITM)?

Just wondering.

 

If you give us the option you are trying to sell, we can tell you an approximate price you should be filled at with a limit order.

 

Thanks, guys. Just found out I could do partial exercise in TWS.