Weekly Options Settlement Price [Newbie] - MarketTicker Forums


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Freewind Posts: 71 Incept: 2007-11-28 No safe place	Hi All, How the weekly option settlement price is decided, and on what time during the last day of the week? TX in advance! Roy ---------- If you can't do the time don't do the crime! 2012-05-14 07:26:03 Permalink
Genesis Posts: 130718 Incept: 2007-06-26	Typically it is the closing bell on the cash market Friday. Beware of pin risk. ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2012-05-14 07:30:02 Permalink
Asimov Posts: 103942 Incept: 2007-08-26 East Tennessee Eastern Time	SPY and maybe some others (though I'm not aware of any others) are decided at 16:15 est instead of 16:00 est. ---------- It's justifiably immoral to deal morally with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2012-05-14 08:07:09 Permalink
Freewind Posts: 71 Incept: 2007-11-28 No safe place	Karl what do you mean by 'pin risk'? ---------- If you can't do the time don't do the crime! 2012-05-14 08:17:29 Permalink
Genesis Posts: 130718 Incept: 2007-06-26	That's the risk of you thinking you won't get forcibly exercised (or assigned) but then at the bell you trade through the strike and suddenly you're exposed to clear the trade on the underlying. If you can't clear that trade you're in deep **** as you'll get an immediate margin call. There is also gap risk on the re-open Monday to deal with as well (if you do get exercised or assigned) ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* Last modified: 2012-05-14 08:44:59 by genesis 2012-05-14 08:44:28 Permalink
Asimov Posts: 103942 Incept: 2007-08-26 East Tennessee Eastern Time	If you have no intention of exercising them, you can call your broker and tell them that, even if they're in the money, do not exercise. I have to do that quite often due to having a small account that would be blown to **** at times if I got exercised. ---------- It's justifiably immoral to deal morally with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2012-05-14 08:50:00 Permalink