Zomr its & calls

摘要

Many options traders, including seasoned veterans, are often shell shocked when they get hit with the after effects of options beyond their expiration. If an option is "In the money" (ITM) at expiry the option is automatically exercised. Options "Out-of-the-money" (OTM) at expiry are not exercised. However there are circum- stances whereby an ITM option is not exercised and an OTM is exercised. Those beyond the grave option experiences can be beneficial at times, but for most of us, it's Hell.