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Options Closing Strategies

Sun, Jul 28

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Online Workshop

Now that you have learnt how to place options trades like Covered Calls and Put Credit Spreads, it's time to understand how to close these options correctly. Either on the Date of Expiry (DTE) or before that depending on the profit you want to make and the risk you are willing to take. Learn now.

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Options Closing Strategies
Options Closing Strategies

Time & Location

Jul 28, 2024, 1:00 PM – 2:20 PM PDT

Online Workshop

Guests

About the event

Strategies to correctly close an option trade:

Covered Call:

  • Out of the Money: Let it expire.
  • In the Money: Buy back the option or let it be exercised.
  • At the Money: Monitor and decide based on strategy.

Put Credit Spread:

  • Out of the Money: Let it expire.
  • In the Money: Close the spread by buying back the short put and selling the long put.
  • At the Money: Monitor and close the spread to avoid exercise risk.

This is a new session for those who have already completed the Intro session on Options, Covered Calls and Put Credit Spreads.

We teach by doing actual trades on the RobinHood stock trading platform. You can follow along with your preferred trading platform like Fidelity, Schwab/TOS and eTrade. This method is the only way you will learn for sure. And practice makes perfect!

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