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Best Practices

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Exiting Trades

Best Practices

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

When you place a trade, it is always important to have an exit strategy in place. Whether you are managing a winner or looking to close a position that has gone against you, having a mechanical exit strategy can help you to avoid a large, detrimental drawdowns.

Today, Tom Sosnoff and Tony Battista discuss some of the different reasons that we would look to exit a position. The guys talk about managing a winner as well as when you should close a position that has gone against you. The guys also look at when it makes sense to roll a position instead of simply closing it!

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