Relevant articles for you

Video

John J Hardy
Outrageous Predictions 2017 is out! In this call, we make the case for a surprising rise in Mexico's peso as, despite the Trump factor, MXN is able to launch a stirring comeback with CAD in particular coming under the cosh.
Squawk / 22 September 2016 at 13:07 GMT
Hello Georgio, related to this trade https://www.tradingfloor.com/posts/trade-view-market-neutral-strategy-on-sp-500-spy-8075684
What should we do if we see that the SPY price is near or surpassing our strike, should we roll it the short call inmediatly, wait some time..?
Seems today could reach our strike...
22 September
Georgio Stoev Georgio Stoev
hi there - we will till the day of expiration to gain most of the time value from the short contract. Will provide an update.
22 September
Feders Feders
Thanks!
22 September
Feders Feders
SPY is above our strike, there is the possibility to be asigned anytime now rigth?
22 September
Georgio Stoev Georgio Stoev
The minute a holder of a long call exercises he foregoes any time value of the contract- you the seller get.

Another you should remember that you are not in a naked short position with the strategy- you have an option with same strike price and more over that has more time to expiration.

In the event that we'd get assigned, the long call would be exercised, if we didn't have the stock in our account, and Saxo would deliver the shares to whoever.

As I said we'd provide an update next week, before sep 30.
22 September
Feders Feders
ah perfect!, I didn't get that part very well understood and I was nervous, lol , thanks Georgio!
22 September
Georgio Stoev Georgio Stoev
Anytime

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor.com permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Tradingfloor.com and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Tradingfloor.com is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Tradingfloor.com or as a result of the use of the Tradingfloor.com. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail