$mrna call option help needed. 2 contracts. Expiry 12/24. Strike $95. BEP $104.04. Questions about auto execute and purchasing power.

$1808 total. Spot price was around $87 when executed. What generally happens when/if mrna reaches the strike opposed to the BEP? If my purchasing power is $0 and it reaches the strike or BEP robinhood executes it correct? What happens then in my balance is $0? Same question but with expiry? I've tried to research as much as I could given the short time I had.

Fwiw I have traded crypto spot and leverage, and spot stock/etf. This shit is completely foreign but figured this was the best way to get some exposure to a mrna long. I put in what I'm comfortable with losing and am aware this contract wasn't an obligation to buy.

Thank you

Submitted November 12, 2020 at 08:22AM by jimmygetsTheShotgun
via https://ift.tt/3ePyhy8

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