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To: Jan Crawley who wrote (38410)3/8/1998 7:06:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 61433
 
TV is time value, and it decreases as options exp. date draws closer. Therefore if one
wishes to close out one's in the money options -- for example, in the money written put,
the best time to do it is on the options exp. date because one only has to pay the intrinsic
value for a purchase of a put.


Jan,

You have that nailed perfectly. I typically do that at 3:58 on expiration day:-)

Glenn