For those able, consider the following. I bought 400 shares of HPQ in PM for $39.25 and exercised my puts locking in $460 in profit. I still have my calls - lotto. This is a very conservative method of exiting in the money options.
Very irritating.... I set an order to exit my HPQ straddle for $2.90 (mid price) and got busy managing other positions. Before I knew it, the market had closed. My order didn't fill. My bad. Even though it appears that HPQ is gapping down post ER, I am not comfortable as the position size was over $1000, but designed to take a loss at $250. We'll see if I'm lucky.
ORCL entry...
https://shared.tradersync.com/ricepirate/b7e9b5b6-2b28-11ed-9bfe-061a3d52649f?ref=https://www.tradersync.com/?ref=michaelkuhns
Full loss on OKTA. I was assigned my short $83 puts. I had to exercise my long $82 puts. Total loss was $195. Happens.
Wow - OKTA. Bummer I didn't hold that straddle. The iron condor is toast as well.
Fail on the OKTA straddle. Here is the completed trade:
https://shared.tradersync.com/ricepirate/3f6946fe-2288-11ed-9bf9-061a3d52649f?ref=https://www.tradersync.com/?ref=michaelkuhns
OKTA is also an earnings iron condor:
https://shared.tradersync.com/ricepirate/d243c6de-2995-11ed-9bfe-061a3d52649f?ref=https://www.tradersync.com/?ref=michaelkuhns
For those able, consider the following. I bought 400 shares of HPQ in PM for $39.25 and exercised my puts locking in $460 in profit. I still have my calls - lotto. This is a very conservative method of exiting in the money options.
CRWD Iron Condor...
https://shared.tradersync.com/ricepirate/59fb857e-28c1-11ed-9bfe-061a3d52649f?ref=https://www.tradersync.com/?ref=michaelkuhns
Very irritating.... I set an order to exit my HPQ straddle for $2.90 (mid price) and got busy managing other positions. Before I knew it, the market had closed. My order didn't fill. My bad. Even though it appears that HPQ is gapping down post ER, I am not comfortable as the position size was over $1000, but designed to take a loss at $250. We'll see if I'm lucky.