Showing How OTM Options Expire Worthless

At expiration, any options that are out-of-the-money and do not have any <a href="https://ontt.tv/2UAmJWb">intrinsic value</a> will expire worthless and disappear from your portfolio. This means any call options with strikes above the current stock price, or any put options with strikes below the current stock price. Still, as a <a href="http://ontt.tv/2j5BRdk">new trader</a>, this concept might be a little difficult to grasp. So we use the tastyworks platform to show exactly how our SPY and FL positions (both OTM) were removed on Friday.