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Closing an option trade

Guest Andy G


Guest Andy G

I took my first options trade jul spx strike price 4400. I thought that this was going to close automatically and be worthless. But that doesn’t look like the case as it’s now rolled into aug. If I close it now, the loss stated will be realised? I’ve only ever spreadbet before…

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Hi Gezmond,

Just seen this reply sorry.  It was a Put (buy strike price of 4400)  I still thought that it was going to close at the end of last month but now think it expires 17/9 as I found the 'info' tab.  But still not 100% sure what happens then!  Its currently at a loss, so at expiry date will that loss figure just come out of my account, if I dont do anything?

Sorry once again!!!

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