This content is accessible for paid members only. Login To Unlock The Content! If you are already a "Free Member", CLICK HERE to upgrade your account Username:Password:RegisterLost your password? 2 Comments Michael Pellegrino on March 28, 2020 at 2:44 pm Great explanation. Thank you. Reply Ron Sexton on March 29, 2020 at 12:21 am Good discussion and i appreciate the insight. I would like to add, or emphasize some things. People can still buy puts and calls on big stocks. They would just have to be way out of the money (OTM). But, then the greeks, and more risk come into play even more. As you pointed out they are complex and risky. You talk about when to close and that’s great. I would like to emphasize, don’t wait until the last minute! There can be low volume and you can have a lot of trouble getting filled. Also the price can change radically after trading has closed. So be sure and close that trade. Options actually are evaluated on Friday close, on Saturday morning. In my opinion, safer to close before then, and also if you can, when you know you are profitable. As was said, close days before is a good strategy. Please feel free to correct any points i may have correct. I appreciate your insight. When to close is a great topic. Reply Submit a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.