Small Profits at 21 DTE

When your naked positions are sitting on a small profit at (or near) 21 DTE to go in the expiration cycle, it can be difficult to know what to do. You don’t want to carry the position any closer to expiration, as this could leave you exposed to <a href="https://ontt.tv/3o1i0dL">excess gamma risk</a>, so at the end of the day, you essentially have two options: close the position or roll the position. How do you decide what to do? With our Short Strangle in AMD, we are faced with this exact decision. Tune in to see us work through the <a href="https://ontt.tv/4FBS2">gimmes and gotchas</a> on both sides of the fence.