hey I have a June 11th ES exp@2700 Now at the current time it’s holding at 2718 the option is worth 468$ now I can sell a may 31 call for 1300$ but if it expired in the money I won’t see any of that cash in my “realized profit” right ?
“realized profit/loss” is after the trade is closed. "unrealized profit/loss" if the trade is still open.
You are not ready, and will destroy your capital. Don't do it. LOTS to learn! Decide on your wage, and then EVERY DAY, make yourself a goal: "Did I learn my wage's worth today??" If you didn't, keep working. If you did, go find yourself a beer, come back, and continue working late. DO NOT go live on June 1.
https://www.elitetrader.com/et/threads/how-do-i-make-money.321592/ https://www.elitetrader.com/et/threads/how-did-thus-loss-happen.321143/ etc etc. There is, I think, great wisdom in having a Ready! Fire! Aim! approach to life -- the same sort of thing that observes, "Don't let the Perfect become the enemy of the Pretty Good." But the first term there, is "Ready" -- and you ain't. Not by a long shot. NO offense intended, but you've asked about brokers/funding, about the impact of exercised options, and here, about the ramifications of a near-the-money call, two weeks from expiration, and hell -- it's paper, too. IF YOU PUT REAL MONEY INTO THIS, it will be gone in a whisper. Not even a ripple to mark it's passing. Not even Internet crickets to mark the time.... GONE. Take the next bunch-of-months, CONTINUE to paper-trade!!! Your big lesson will be in the kinds of questions you come up with later that don't even occur to you now. TRUST THIS.