Saturday, December 12, 2009

RE: [TheOptionClub.com] Re: Calendar question?

 

Actually, you can sell you longs right after (or simultaneously) with covering your shorts.  If you cover your shorts for $.05 or less, TOS will not charge you a commission. J

 

From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On Behalf Of jouless360
Sent: Friday, December 11, 2009 8:08 PM
To: OptionClub@yahoogroups.com
Subject: [TheOptionClub.com] Re: Calendar question?

 

 



Chris:

So ...I close the longs at 3:55 pm on expiration day?

Joules

--- In OptionClub@yahoogroups.com, "Chris" <chris@...> wrote:
>
> Joules,
>
> You cannot close your long contracts before Monday without leaving
> yourself naked on the short contracts. So, what you're looking at doing
> is holding the longs over the weekend. That entails some risk since you
> don't know how the market will open on Monday.
>
> Christopher Smith
> TheOptionClub.com
>
>
>
> --- In OptionClub@yahoogroups.com, "jouless360" <jouless360@> wrote:
> >
> > Option Club:
> >
> > I am somewhat of a rookie in options and was looking for some
> guidance. I am in some DEC09/JAN10 Calendars on the majors and am in
> dead center of my risk analysis curve. Therefore, I am considering going
> to expiration on them...since I have quite a bit of room and I would
> like to max my profit. I put up $4000 and am looking at about $800 by
> next friday.
> >
> > Question: If I let the Dec shorts on my Calendars expire on the last
> Friday....do I have to close the Jan longs just before expiration on
> that day....or wait until the monday after expiration?
> >
> > Thanks for your answers in advance!
> >
> > Joules360
> >
>

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