Options expiry (third Friday of every month), is this coming Friday. Here are some things to keep in mind.
- About 2-3 days prior to expiration, time decay drastically decreases (for options you've bought), and works in your favor (for options you've sold).
- The week of options expiry tends to be an up week followed by a down Monday.
- If you've sold a naked put and the stock is In-the-Money (ITM), you will be required to purchase those shares come expiry.
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