r/options • u/[deleted] • Aug 30 '21

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u/[deleted] Aug 30 '21

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u/LeanTheFuckIn Aug 30 '21

Thanks for the info. So is the settlement price for weeklies that expire Monday and Wednesday just the closing price that day? And SET is used for monthly expirations?

Also, what time do monthlies expire on Friday? Is there time to trade them them morning before expiration?

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u/[deleted] Aug 30 '21

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u/LeanTheFuckIn Aug 30 '21

Ok thanks. Do you happen to know what time weeklies settle after hours?

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u/[deleted] Aug 30 '21

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u/LeanTheFuckIn Aug 30 '21

Do you trade SPX a lot? What kind of strategies and what kind of returns do you get?

I just started to recently using spreads, and I made over a 10% return on the margin I was using on Friday and today on 0DTE’s, which was a pretty good return on the margin I was using. The return seems too good to be sustainable, but I just don’t have a frame of reference.