232: Tips and Tricks for Navigating Options Expiration
Episode 232 of the The Option Alpha Podcast podcast, hosted by Kirk Du Plessis, titled "232: Tips and Tricks for Navigating Options Expiration" was published on August 7, 2023 and runs 38 minutes.
August 7, 2023 ·38m · The Option Alpha Podcast
Summary
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 Adjust exit options as you near expirationCheck the extrinsic value of your positions/legsCheck the probability of short legs being ITMDon’t use market orders...
Episode Description
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
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