What are the 10-session timer and the last day?

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Accepted Answer

Each ticket lives for 10 trading sessions after the fill. If the +40% sell has not filled by then, close the spread yourself on the 10th session in the afternoon. The ticket shows that last day. The timer counts trading sessions, not calendar days: weekends and market holidays don't count. On the last day, our check at 3:50 PM ET closes it on the record at what it is worth. Close yours that afternoon. Homemade Options Alerts send a last-day reminder that morning for any ticket still open. Never hold to expiry. The expiry is about a month out, well after the last day. A short call that ends in the money can be assigned. On the dashboard the kitchen timer shows how many of the 10 have gone.