Hello, I am new to options trading and held a short straddle position (sell call at 7100 FTSE100 and sell put at 7100 FTSE 100 both at 17th December 2021 expiry date).
I noticed that the positions were automatically closed at 10.27Am and 10.28AM on 17th December (so that corresponding buys took place at that time). Is there a time range when these auto-closes occur? It took me by surprise as I was expecting the auto-close to happen closer to end of market time rather than randomly in the morning. Screenshot below.
Would appreciate someone throwing some light on this. Many thanks!
What time do options positions automatically close on the expiry date?
in New Client Trading Questions
Posted
Hello, I am new to options trading and held a short straddle position (sell call at 7100 FTSE100 and sell put at 7100 FTSE 100 both at 17th December 2021 expiry date).
I noticed that the positions were automatically closed at 10.27Am and 10.28AM on 17th December (so that corresponding buys took place at that time). Is there a time range when these auto-closes occur? It took me by surprise as I was expecting the auto-close to happen closer to end of market time rather than randomly in the morning. Screenshot below.
Would appreciate someone throwing some light on this. Many thanks!
Riya