
Several of the options I'd sold expired on Friday, 15 November.
When options expire, I no longer have associated obligations. For puts, there no longer is a chance that I would have to buy shares and the margin that was set aside as collateral gets released. For covered calls, there no longer is a chance that my shares will be called away.
Expiration creates an opportunity to replace some of the expired options with new ones in the coming weeks. In this article, I provide a summary of expired options and discuss potential replacement trades.
Additionally, I discuss what happened with
in the money options that would have expired this month. Sometimes, I decide to roll forward such options to avoid assignment. The alternative is doing nothing and waiting for an assignment.