IHMJack
02-25-2016,
Hey all!
Just a question, I put on some trades for earnings the other day (Iron condors!). Now that the news are out the day after I want to close my positions but i cant! The open interest is showing quite a large figure but the volumes are down to almost nothing. So i guess quite a few people cant get out of their trades if I've understod open interest vs volume correct.
On the other hand the DTE is zero so it will disappear from the account anyway but from what I've understood the best thing is to close out when you have a winner in case it turns into a loser.
Thansk for advice.
Just a question, I put on some trades for earnings the other day (Iron condors!). Now that the news are out the day after I want to close my positions but i cant! The open interest is showing quite a large figure but the volumes are down to almost nothing. So i guess quite a few people cant get out of their trades if I've understod open interest vs volume correct.
On the other hand the DTE is zero so it will disappear from the account anyway but from what I've understood the best thing is to close out when you have a winner in case it turns into a loser.
Thansk for advice.