Closing Out an Options Position before Expiration
When you get this alert, sell to close the iShares 20+ Year Treasury Bond ETF (TLT) August $138 puts (TLT160819P00138000), which last traded at $0.11. While they are close to being in the money, we believe that is best to get something, rather than potentially nothing, with options expiry happening today.
Jim Woods is a 30-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.
His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. Read more about Jim Woods.
