In may haste to get the blog to subcribers last night. I overlooked the fact that the MFX
is a CASH setetlement index, that will be closed on cash basis number today.
YOU DO NOT HAVE TO DO ANYTHING as the option stopped trading yesterday and will get a settlement number today. If we are in the money the amount that we are in the money will be the amount you will be debited on a CASH basis.
YOU DO NOT HAVE TO BUY THE POSITION...This is a CASH INDEX SETTLEMENT OPTION
You do nothing and the amount in will be debited to your account.
Sorry for the confusion. We will have settlement numbers for you
Settlement Value for Expiring Contracts: Based on the opening prices of the component stocks on the last trading day prior to expiration (usually a Friday).
Last Trading Day for Expiring Contracts: The last business day (usually a Thursday) before the third Friday of the expiration month.
Index Multiplier: $100 (i.e., one contract = index value x 100)