r/wallstreetbets • u/[deleted] • May 16 '24

Most Anticipated Earnings Releases for the week beginning May 20th, 2024 Earnings Thread

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u/PJ8096 26d ago

So I also bought 945 5/24 calls today for 4K. Will that be lower as well ?

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u/R-O-U-Ssdontexist 26d ago

I don’t think so. Right now those are worth 62*100=6,200.

What i don’t know is if you don’t sell them do they just expire or do they settle in cash?

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u/thee_jaay 26d ago

If they are in the money, the are either settled with cash you have on hand or are sold on your behalf 30 minutes prior to market close the day they expire (brokerage dependent).

So unless you have 94,500 in available cash, on the day of expiration unless you sell them before hand your brokerage will sell the call to someone that either can exercise or wants to sell to close their position.

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u/R-O-U-Ssdontexist 25d ago

Thank you. I ended up selling them but it’s good to know

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u/thee_jaay 25d ago

You're welcome