Playing after hours stock movement with expiring options.

Oh 100%!!!... this is totally non-hostile... I wanna know lol. I'm not picking a fight, and I 1000% respect your experience with this stuff if you've done it before. It has my interest piqued to the max.

 

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 you see the stock fall. You could buy stock and exercise and lock in a profit, or you could exercise naked and be short stock.

 

Hey, then I friggin' learned something worthwhile here finally. T/U.

 

Maybe if @rmorse is reading this, he could post Lightspeeds policies on exercises/contrary exercises on expiration day, along with cutoff times.

 

I wonder how many times I've been f'd by this over the years?
Probably not many. If any. There was one stock that tanked on a Friday PM that I recall, but I didn't have a position.
It's great to know though!

 

For real... Thnx. Interesting as all get out.

 

Maybe this is why no one reports after the bell on Friday. Except that one company that opted to do it out of the blue... I forget which one.... about 6 months ago.

Edit: found it... Palo Alto

 

Do you recall the reasoning behind this? I remember the change but never understood why it was important

 

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 Options Specifications (cboe.com)

 

I figured it was for clarity.