10-04-2013, 02:58 PM
If Oct 19th passes and you haven't sold, then:
a) If VXX is under $17, your contract expires worthless
b) If VXX is over $17, your call will trigger, and you will automatically buy 100 shares of VXX for $17 each. So you'd better make sure you have $1700 in your account.
Or suitable margin. Or better still, just sell the call before expiration.
a) If VXX is under $17, your contract expires worthless
b) If VXX is over $17, your call will trigger, and you will automatically buy 100 shares of VXX for $17 each. So you'd better make sure you have $1700 in your account.
Or suitable margin. Or better still, just sell the call before expiration.
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market