EUR options spread @ Expiration question

Discussion in 'Financial Futures' started by nravo, Oct 24, 2008.

  1. nravo


    I have a spread that will expire on Nov. 8 I believe, a long put @ 1.38 and a short call @ 1.35. Both ITM and will likely stay there for a week or two.

    Will the CME close these out automatically? Or do I have to manually exercise my long put? I assume the short put would be automatically put to me.

    Using IB.