intelligator
Active Member
So what's the procedure when I have BPS with both ends DITM expiring this Friday?
Assume I need to close the spread Friday before close of business for max loss?
These are in my Fidelity IRA.
I am assessing a roll of BPS from Oct 28th to Dec 16th, by widening and taking a credit. It'd add 3.15 of time value to the 260 short leg. But I am getting deeper into the margin rut, which I shouldn't be in to begin. If I instead roll to same expiry , same width , the loss is reduced to 15% of the cost to buy and sell, exercising all options if I let them get assigned. The way I am looking at this, it's a smaller loss. Would something like that work for you?