The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to answer a question which is basically – “Scratch profit, keep holding or roll a position for a credit?” Now, this question came out of the Option Alpha community on Facebook which if you're not part of the Option Alpha community on Facebook, I don't know what you’ve been doing on Facebook just scrolling around aimlessly, but you should definitely join and take a look. But I asked everyone in there and I said, “Look. Give me a list of questions for the daily call podcast.” This is one of the questions that ended up coming up and they said, “As expiration week approaches, if a trade has not reached our say 25% profit target, but is still positive, say where we have a 5% profit, is it better to roll the position for a credit if that's possible or close out the trade as a scratch?” Again, the question is, “Scratch profit, keep holding potentially or even roll the trade for a credit?” My opinion on this