Do you have a broker you can talk to about moves? Sorry, not to have any concrete ideas. Anyone?
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Quick, spread some FUD..........the bump can wait until Monday for the rest of us, np.If I don't post again after 8pm EDT, it means I've had a heart attack....
bkp_duke
Well-Known Member
5:30 PM EDT is my understanding as well . . . . however remember it's a rigged game we are playing in.
Hope so, it was $758 at 5:30, it started to rise a few minutes earlier..........
I use market watch.com which has a nice graph of business and after hours, assume it's accurate.
Pretty sure you’re fine. News came out shortly before 2:30 and it still hasn’t touched your strike.
BrownOuttaSpec
Active Member
I assume you already have all your answers, but here is graph for after-hours activity. Looks like the High before 5:30pm was $762.00
I knew there was a reason I've been eating beans and Tofu while I watch others each juicy, grilled, yummy looking steaks....If I don't post again after 8pm EDT, it means I've had a heart attack....
Well, that was closer than I had planned. I always close options before end of day Friday when they are close, but now I will close them no matter what!
Thanks everyone for the AH info! Have a safe/fun weekend.
Hopefully next week will be a good one for all of our ITM BPS spreads.....
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Years ago I was freaking out about getting assigned a after hours long put and the broker told me that despite the options exercising up to 5:30pm the relevant price was closing and after hours were considered for options.
However I’ve had my broker tell me some blatantly incorrect stuff before and chewed them out for it so they could have been wrong about that as well.
However I’ve had my broker tell me some blatantly incorrect stuff before and chewed them out for it so they could have been wrong about that as well.
OOPS.
I kinda goofed and did a BTO on those 850cc for next week (rather than STO). And I didn't figure that out until just now, well after hours.
Here's to hoping for a nice big jump in the share price first thing Monday morning
Seems like you are all right however had I not bought back my 8/7 765CCs Wednesday and left then expire « worthless » today I would probably have been assigned after hours on 25 contracts and a big fat tax bill too.
Happy to have the problem to manage CCs next week instead. Managing CCs is fun, no margin management. It’s the relaxing part of option trading.
sounds fascinating, i really need to understand how this works
that's exactly how it's done - cash out and remove risk
i used to roll nonstop the -c of B/W; recently i had been doing the BTC/STO separately (ie timing dips/peaks) to squeeze out more credit
to "double" the B/W income, next lesson i need to learn is the mechanics/timing of buying LEAPS for the B/W... i wish there is a real-life example here of someone doing B/W on LEAPS
does anyone know if Elon needs to sell shares AGAIN
if he needs $1B cash for the breakup fee?
For the AUTOMATIC handling of exercise/lapse this is correct. Otm gets lapsed, it's gets exercised
But you can override that manually at any time.
At IBKR it works as follows:
15:00 your things get forced closed if you don't have the margin for a probable assignment (RH does this even earlier).
Until 16:00 you can trade them normally.
Until 17:00 you can override the automatic exercise/lapse so that IBKR had a chance to submit them on time.
At any point until 17:00 you can change your mind an set other orders (yes, exercise/lapse is an order type there.. like LMT, mkt, IOC, Io, loc, etc..) and before 17:00 you can (at any time(!)) Press "exercise/lapse now".
So ... I think they answered you a question you have not asked
Like, if YOU can exercise stuff. Things can get exercises AGAINST you until 17:30.
That's why everyone preaches "close everything, no matter what"
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