Closing Out Positions at Expiration

<p>With defined-risk positions that haven’t come back, you’ll oftentimes have to close them <a href="https://ontt.tv/OBoLJ">out at expiration</a>. When doing so, it’s very helpful to remember that there is no extrinsic value left in the options (because you’re at expiration), and their price is <a href="https://ontt.tv/2UAmJWb">purely intrinsic value</a>.  Understanding this can help you process through your closing orders, as the most any of your defined-risk strategies can sell for is their theoretical max value.</p> <p><a href="mailto:Dr. James Schultz (@jschultzf3) / Twitter">Be sure to connect with Dr. Jim on Twitter!</a> </p>