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$AMC Entertainment (AMC.US)$ With the market being closed to...
$AMC Entertainment (AMC.US)$ With the market being closed tomorrow Jan 9th, is that means that OTM call options expiring on Jan 10th will be worthless today Jan 8th? Asking for a friend
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Ken Griffin Charity : options are only completely worthless when they expire OTM. otherwise, there will always be some extrinsic value until that happens.
LCMorZero OP Ken Griffin Charity : when Jan 10th options will expire?
Ken Griffin Charity LCMorZero OP : They expire on Jan 10… That’s what the date is for
LCMorZero OP : I received a message from my broker informing me that Jan 10th options will be based on Jan 8th because the market is close on Jan 9th. That’s why I am confused
Ken Griffin Charity LCMorZero OP : i suggest calling up your broker for more information. it is more likely you misinterpreted their wording.
MuscMoo : no, options that expire tomorrow still expire tomorrow.... the email you got was telling you about options that would ordinarily expire today, like daily options on the spy