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  1. DL Smith

    Do we close the spread when we lose 50% regardless of when we initiated it on… or do we wait until 15 days before expiration?

    • Nishant

      If it is more than 15 DTE, I usually don’t pay any attention to the 50% rule. The only exception being if there is material news on the stock which took it down. eg. A confirmed report about TSLA cars catching fires due to a defective battery. But if the stock fell on some “tweet” by Elon Musk, I would disregard it.


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