December 22nd https://www.theoptionplayer.com/ set up a Biotechnology Index ETF (NasdaqGM: IBB) short-term (28-day) option trade. We published and executed a trade adjustment on January 5th. January 19th expiration option contracts expire today and we plan on letting all the call options expire worthless with the maximum profit. Confirmation information is displayed in the tables directly below. Login with a Premium Subscription to view data/images
The chart below confirms the Biotechnology Index ETF remains below our $112.50 sold call.
The Biotechnology Index ETF (NasdaqGM: IBB) is currently trading below our sold call. If IBB ETF remains below $112 we plan on allowing all the contracts to expire worthless.
• Most brokers will let customers initiate some type of contingency order that will automatically execute if a stock reaches a specified price.
• One alternative is to just play it safe and close out the trade at the current price.
Whatever you decide IBB ETF end the day above the sold call strike price at the close of trading today; otherwise you will be automatically assigned by the broker over the weekend.
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