Tag Archives: Ascencion

Wednesday and out for the weekend

Options expiration this week and it’s a long weekend here in France for the Ascencion. There was only one thing to do, get to cash. My May put spreads worked perfectly this month. I say perfectly, but I’m not sure if I managed the exits well. I had a large amount of 139 puts with a delta of nearly 1 and a fair amount of 135 and 134 puts. With only 2 1/2 days until expiration, these were obviously more volatile. It’s something I have to work on. What’s the best exit strategy in this case?

Cash is a position…