RUT 845 Call exp. tomorrow

Discussion in 'Options' started by cycle87, Apr 20, 2011.

  1. cycle87

    cycle87

    Hello,

    I need some advice on my RUT call spread.
    I have 845/850 Weekly expiring tomorrow.
    Currently RUT is 837.

    Should I ride out or close the positions today?
    Since RUT is AM settlement options, it closes today for the week.

    Thanks in advance
     
    #1     Apr 20, 2011
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  2. MTE

    MTE

    I presume you are short the spread. You should be able to buy it back for about .10-.20. Are those extra 10-20 cents worth the risk?

    Definitely not worth it in my book. I would close out the spread without even thinking about it.
     
    #2     Apr 20, 2011
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  3. cycle87

    cycle87

    yes, I closed the position and rolled out to May.
    Thanks for the advice!
     
    #3     Apr 20, 2011
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