From what I know options that expire out the money will be priced at $0 however the day before nvda earnings the $spy had strike prices that were out of the money expire with vaule. How is that possible ?
Otm options expired with a premium
byu/unknownguy777 inoptions
Posted by unknownguy777
1 Comment
They trade 15 minutes after the close and people have until 5:30pm ET to decide whether to exercise them or not. So after hours moves make a difference