The April 5th https://www.theoptionplayer.com/ executed a Treasury Bond Fund ETF (TLT) call credit spread trade https://www.theoptionplayer.com/treasury-bond-fund-etf-tlt-butterfly-trade-entry/
May 19th expiration option contracts expire tomorrow and we expect this trade to close out with the maximum profit. The daily chart below confirms the Treasury Bond Fund ETF remains below the $125 sold call.
Unless there is another gap higher tomorrow the Treasury Bond Fund ETF should remain below the $125 strike sold call. If the unexpected does happen, don’t let the index price end the day above the sold call at the close of trading tomorrow; otherwise you will be automatically assigned by the broker over the weekend. Going into the last 15 minutes of trading (3:45 pm EST), if the TLT ETF is at $124 or below, we plan on allowing all the contracts to expire worthless. However, if the price moves higher, we will initiate an order to close out the position (buy back all the sold call option contracts).
Feel free to contact us with questions,