A Losing Position: Close Or Roll?

<p>From time to time, we all have to accept losing positions. When the inevitable loser hits your portfolio, how do you decide whether to defend the position or close the trade completely? As we look at our SNAP <a href="https://ontt.tv/9Tot3">earnings trade</a> from last night, we analyze an important part of making this decision - the <a href="https://ontt.tv/Px7zR">extrinsic value</a> differential between the current cycle and the next cycle.</p>