[TheOptionClub.com] Re: Butterfly question? on Feb expiration

 

Why not post details about your positions - you can get more specific comments (from me and from others too)

--- In OptionClub@yahoogroups.com, "Joules" <jouless360@...> wrote:
>
> Lance:
>
> That is why I was checking to see if I should close them. 7 of my positions in thinkorswim are showing (itm) next to them. I just thought if I was between the breakevens...everything would expire with no worries.
>
> Joules
>
> --- In OptionClub@yahoogroups.com, "L" <Fluffernutter@> wrote:
> >
> > Joules
> >
> > At expiration, an out-of-the-money option expires worthless. Doesn't matter if you are long or short, IF YOU'RE SURE that the option will be OTM at expiration, there's no need to close the position.
> >
> > Of course, if you see an opportunity in the days leading up to expiration to remove all your risk for a few pennies, it's something to consider.
> >
> > BTW, you also mentioned your "breakevens". Being within your breakevens is not the same as holding positions that are OTM. Be sure you understand the difference.
> >
> > Lance
> > Beginner
> >
>

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