In this situation, the option seller can close the position before expiration to continue holding the shares or let the option expire and have the shares called away. On the expiration date, contract owners can decide not to take delivery and instead close their contracts by booking an offsetting trade at the prevailing price, settling the gain or loss from the purchase and sale prices. The last hour of trading can be especially volatile as investors scramble to exit positions before the market closes. Although the name sounds ominous, triple witching day has nothing to do with Halloween or scary stories. Triple witching is simply the term given to four unique trading days each year.
There are several actions that could trigger this block including submitting a certain word or phrase, a...
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