Typical of trading Friday, many option call or put contract expiring, especially those easily expiring worthless, if margin allows, will usually let them expire worthless to keep the full premiums collected while opening new contracts if the market favors one's direction.
In this case selling a weekly cash secured put on Meta that's about 8.5% lower strike to its current share price. If META don't drop that much by end of next week, this contract will be like previous, expire worthless. G $META 20250110 550.0 PUT$
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- financead·2025-01-04Smart strategy1Report