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Welcome, Tinpusher!Definately whatever finishes OTM - reason is fees and slippage to close an ITM side. Oz fees are not user friendly - and then when it's only you and the MM, slippage can widen considerably. Also, if ITM, high probability of being assigned on the short - and not necessarily the whole lot. The times I have been assigned has usually only been in 1 or 2 lots and so one ends up paying full minimum fees while still managing the remainder of the unassigned position. So letting them expire worthless when OTM is definately preferable.Didn't realise the Hoadley tool had the ability to search for spreads - will check it out! But then I'm currently checking out the US options market since our MMs here decided to quit qiving quotes during the recent volatility which co-incided with our expiry - wasn't impressed!Cheers
Welcome, Tinpusher!
Definately whatever finishes OTM - reason is fees and slippage to close an ITM side. Oz fees are not user friendly - and then when it's only you and the MM, slippage can widen considerably. Also, if ITM, high probability of being assigned on the short - and not necessarily the whole lot. The times I have been assigned has usually only been in 1 or 2 lots and so one ends up paying full minimum fees while still managing the remainder of the unassigned position. So letting them expire worthless when OTM is definately preferable.
Didn't realise the Hoadley tool had the ability to search for spreads - will check it out! But then I'm currently checking out the US options market since our MMs here decided to quit qiving quotes during the recent volatility which co-incided with our expiry - wasn't impressed!
Cheers
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