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Msg  17354 of 17776  at  9/15/2021 8:26:28 PM  by

dar200


 In response to msg 17349 by  dar200
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Re: Warning on 9/17 options

 If today were an expiration Friday, you can see how the opening lesson can work.
 
Suppose you were long Moderna calls at 435 expiring today. At 4:00 pm they were worthless as the stock closed at 434.46.  At about 4:40 pm, Moderna traded at 440 in after hours. A fast phone call to the broker would result in an in the money exercise.
 
The same can happen Friday depending upon the timing of and direction of the vote on PFE's booster. 


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