Options Expiration - Pin Risk

I take a look at Pin Risk, and why you should know what it is as well as how to avoid taking a huge loss! When the market closes, options can still be exercised. If you don't know this, you could be making uninformed decisions.

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[HiddenFreedom]

LOL. So funny, I just put scenario in my latest video and I thought I spelled it wrong. I guess you did. 12 years of doing options and I didn't know about the 1.5 hour thing until last year. Glad I found out these things before it bit me in the butt like others.

[RetireWithLess]

THUMP stock! That needs to be a thing!

[DividendDogo]

This was a fantastic video. I didn't know you could clove after hours.

[allgood]

Great lesson to be learnt, great explanation. I would be interested in Thump stock. lol. 👍

[dainadash]

I got pin risk lost 40k on qqq, on a trade that i was winning by a mile cause Facebook took a dump on earnings... lesson learned.. I bit discouraging but am back trading spreads!

[theguy]

Robinhood will typically close your spreads for you at 2pm CT if anything is close to being ITM afterhours. To be safe just close everything no matter how far otm your spreads are.

[kintora]

Hi Thumper. Is there any pin risk or similar risk with cash settled options such as SPX or RUT, or can these be held into expiration without this risk?

[QuesttoFIRE]

Second takeaway- close your spreads on Friday. 😳

[FrankMularcik]

THUMP stock 🚀 spreads sound scary haha.