[TheOptionClub.com] Re: Calendar question?

 

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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