DiscoverThe Option Alpha Podcast232: Tips and Tricks for Navigating Options Expiration
232: Tips and Tricks for Navigating Options Expiration

232: Tips and Tricks for Navigating Options Expiration

Update: 2023-08-07
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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.

See all 7 tips here

  1. Adjust exit options as you near expiration
  2. Check the extrinsic value of your positions/legs
  3. Check the probability of short legs being ITM
  4. Don’t use market orders, use defined limit orders
  5. Tag positions for their state so you can analyze performance later
  6. Setup alerts for low liquidity exit conditions
  7. Setup ‘critical’ alerts for positions between strikes of a spread
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232: Tips and Tricks for Navigating Options Expiration

232: Tips and Tricks for Navigating Options Expiration

Kirk Du Plessis