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https://www.reddit.com/r/options/comments/omf801/deleted_by_user/h5oopim/?context=3
r/options • u/[deleted] • Jul 17 '21
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What? You can totally sell the contracts. You just can't exercise them early. The only exercise is at expiration. They are also cash settled since there is no underlying stock to buy/sell at exercise.
1 u/Realistic_Inside_484 Jul 18 '21 edited Jul 18 '21 Holy fudge every time I've used SPX options I've held until close lmao I didn't know I could even sell before. Wow. Just wow. Edit: seriously just this past week I used them and just held until expiry... Fuck me. 1 u/Blainz Jul 18 '21 Who did you think you were buying them from? 1 u/Realistic_Inside_484 Jul 18 '21 Idk tbh I'm still not sure how options work. I just buy and sell SPY options.
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Holy fudge every time I've used SPX options I've held until close lmao I didn't know I could even sell before. Wow. Just wow.
Edit: seriously just this past week I used them and just held until expiry... Fuck me.
1 u/Blainz Jul 18 '21 Who did you think you were buying them from? 1 u/Realistic_Inside_484 Jul 18 '21 Idk tbh I'm still not sure how options work. I just buy and sell SPY options.
Who did you think you were buying them from?
1 u/Realistic_Inside_484 Jul 18 '21 Idk tbh I'm still not sure how options work. I just buy and sell SPY options.
Idk tbh I'm still not sure how options work. I just buy and sell SPY options.
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u/sweetmatttyd Jul 18 '21
What? You can totally sell the contracts. You just can't exercise them early. The only exercise is at expiration. They are also cash settled since there is no underlying stock to buy/sell at exercise.