I hadn’t even checked the markets today when I got a message on my way to lunch that a trade had been closed out…
This was an automatically triggered buy back for a trade listed in an earlier post. The original sale was for 25 cents ($0.25). It was bought back for 2 cents, so the profit for this is 23 cents (multiplied by 100…more than once). TOS doesn’t charge commissions when closing a trade for less than 5 cents (yeah TOS!), so this was a commission free close.
Getting all but 2 cents and freeing up capital a week before expiration all without commissions…not too bad.
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