Nothing Left to Lose

Quite possibly the biggest benefit of <a href="https://www.tastytrade.com/blog/articles/rules-of-defined-risk-trades">defined-risk strategies</a> is exactly that - your risk is defined and your worst-case scenario is known on trade entry. Therefore, when you have a position that quickly moves against you, you might see that position mark near <a href="https://ontt.tv/DRjLh">max loss</a> long before expiration. In these situations, it always makes the most sense to hold on as long as possible, as there is literally nothing left to lose on that trade.