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r/options
Close option without liquidity
Investor summaryBearish
User asks how to close worthless, illiquid CWAN call options after the company's going-private move.
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I have some CWAN Jan 28 25c that I would like to close since it is worthless and showing weird unrealized pnl in my IBKR Account. That Company seems to go private and I am unable to sell even for 0.01
Is there any way to get rid of the position? I read something about a cabinet trade but I am not sure if a sell order with 0.01 lmt will work.
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