The April 26th https://www.theoptionplayer.com/ executed a Russell 2000 ETF (IWM) trade adjustment
May 19th expiration option contracts expire tomorrow and we expect this trade to close out for the initial credit amount received. The daily two-hour chart below confirms the Russell 2000 ETF has not approached our target strike price since the end of April.
Unless there is a big gap higher tomorrow the Russell 2000 ETF should remain below the $143 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 IWM ETF is at $142 or lower, 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 entire position (execute an order to close out all the option contracts).
Feel free to contact us with questions,