How to roll or manage in the money put credit spreads / when to cut your losses and move on

Hey Traders! This is a follow-on video to my February 19 trades in NVDA and SQ. In this video I walk through three options for how to manage in the money put credit spreads. They are: 1) cut your losses and move on; 2) roll out in time exactly as is; or 3) roll down, out, and widen your strikes for credit.

I talk about the pros and cons of #2 and #3, and things to consider when deciding if this is the right strategy for you and your trades. Number #1 sometimes stings, but having losing trades every now and then will happen, it's part of the process of learning, and it helps not to over analyze the why and move on to the next one.

Ultimately, I take a loss in NVDA and roll the SQ position down, out and widen the strikes.

Let me know if you have any questions! Thanks for watching, and take care.

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This video is for educational and entertainment purposes only, and nothing I say in this video should be construed as financial advice or a recommendation by me to buy or sell any sort of security of investment, or open an account with any specific brokerage firm.

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Видео How to roll or manage in the money put credit spreads / when to cut your losses and move on канала Tiffany Trades Options