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232: Tips and Tricks for Navigating Options Expiration
Manage episode 373500198 series 2716852
Show Notes: https://optionalpha.com/show232
Navigating options expiration is a critical skill for traders, especially with the rise of daily expirations.
This week’s podcast explores the top 7 automated tips and tricks you can use inside Option Alpha to set up your portfolio for better options expiration management.
- Adjust exit options as you near expiration
- Check the extrinsic value of your positions/legs
- Check the probability of short legs being ITM
- Don’t use market orders, use defined limit orders
- Tag positions for their state so you can analyze performance later
- Setup alerts for low liquidity exit conditions
- Setup ‘critical’ alerts for positions between strikes of a spread
234 episodes
Manage episode 373500198 series 2716852
Show Notes: https://optionalpha.com/show232
Navigating options expiration is a critical skill for traders, especially with the rise of daily expirations.
This week’s podcast explores the top 7 automated tips and tricks you can use inside Option Alpha to set up your portfolio for better options expiration management.
- Adjust exit options as you near expiration
- Check the extrinsic value of your positions/legs
- Check the probability of short legs being ITM
- Don’t use market orders, use defined limit orders
- Tag positions for their state so you can analyze performance later
- Setup alerts for low liquidity exit conditions
- Setup ‘critical’ alerts for positions between strikes of a spread
234 episodes
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