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[Music] [Music] hey everyone welcome back to the show thanks for tuning in my name is mike this is my whiteboard and if youre brand new to the show this is a show where we take concepts we break them down and we build them up visually for you so today were going to talk about holding an option through expiration last friday was the standard monthly expiration for april but were going to talk about today is going to apply to all the expirations that whether they expire on a friday which is normal equities or maybe a different day if were looking at something like spx or the vix all these are going to apply and were going to talk about the difference between holding an option thats in the money through expiration and letting it expire to stock versus closing out that option and maybe buying stock or doing something to synthetically replicate what would happen if we just held it through expiration were going to talk about a few factors that differentiate the two so lets talk about
