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Jan 26, 2021
11:15
:30
pm
Heath Squashwell
All-American
Options expire at the end of the day on the expiration day
That’s 4:00 eastern time usually on Fridays.
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Heath Squashwell
Previous username
Barrio Coug
Bio page
Heath Squashwell
Joined
Dec 31, 2015
Last login
Apr 25, 2024
Total posts
11,566 (57 FO)
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Messages
Author
Time
Can someone walk me through this on buying a call option?
volleyjiver
1/26/21 11:11pm
The option prices don't change when the market is closed.
JuicyJam
1/26/21 11:13pm
Right, which means you can't buy options after hours, correct?
volleyjiver
1/26/21 11:18pm
Correct. At open I expect the premium on that $85 strike will be >$120
JuicyJam
1/26/21 11:21pm
Exactly what I was thinking. Thanks.
volleyjiver
1/26/21 11:25pm
Options expire at the end of the day on the expiration day
Heath Squashwell
1/26/21 11:15pm
So, it's the market price of the stock at close on Friday that matters?
volleyjiver
1/26/21 11:22pm
Yes. And most places will automatically exercise options that expire in the money.
zsmooth
1/26/21 11:28pm
<< Deleted >>
WP17
1/27/21 12:33pm
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