Lo and behold, I have a profit on a long-held LEAPS contract, that split 5 for one a while back. With a week or so before expiration, what do I do take the profit, exercise it the day before expiration, let it go and be automatically exercised? The notorious UVXY was the long put, btw.
The simplest thing to do is just sell them out, unless you want to be short UVXY with the exercise. Note that there is a different symbol for the pre split contracts, UVXY2, which delivers 20 shares of UVXY.
Yeah, it's UVXY2, and I'll guess I'll split the bid/ask for a day or two. I do wonder what happens if I do nothing. TDA is the broker.
Was just a 12 strike, $1K profit. Forget when I set it up. Might do the trade again with the 2022 if we get a little more vol.