The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to answer the question – “Can I sell options on expiration day?” And the answer to this question is – It depends on the broker. Some brokers do not allow you to open new sell order positions on the day of expiration. In particular, I know that Robinhood, at least at the time of this recording, does not allow you to get into a brand-new position on expiration day. Some other brokers, depending on the account that you have and where it’s located, like TD Ameritrade or Tastyworks, may offer the ability to open new positions on the day of expiration and a lot of people actually try to do this as a means to potentially generate quick money, but I don’t think it actually works out pretty well. We’re going to be doing some research on this in the future just to see for sure if the numbers support my theory, but I would highly, highly doubt that trading options during the day of expiration, given the insane