On September 12th https://www.theoptionplayer.com/ executed a Biotechnology Index ETF (NasdaqGM: IBB) short-term (18-day) option trade. September quarterly 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 below. Login with a Premium Subscription to view data/images
The chart below confirms the Biotechnology Index ETF remains well below our $345 sold call. The difference between funds received and paid out is an approx. 10% profit.
Unless there is a big jump higher today the Biotechology Index ETF (NasdaqGM: IBB) should remain below the $345 strike sold call. If the unexpected does happen, DO NOT let the index price end the day above the sold call at the close of trading today; 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 IBB ETF is at $340 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,