Placing Orders for Profits or Losses on thinkorswim | Managing an Options Portfolio | 1-3-24

Managing an Options Portfolio | Cameron May | 1-3-24
Characteristics and Risks of Standardized Options. https://bit.ly/2v9tH6D

Having a plan for managing both profit and loss scenarios on an options trade can be great, but how might a trader automate the execution of that plan on thinkorswim? In this video, we use an example paperMoney bull put spread to map out a plan for exiting with profits or with losses, and we discuss how a trader might enter an order to implement that plan.

You love trading options.  However, you've discovered that by having numerous option positions, you can exceed your portfolio risk tolerance well before you utilize all of the cash.  What can you do with that dormant cash while maintaining a large option inventory?  Join your education coach to learn various ways you could access potential stock opportunities while managing multiple option positions and strategies in the whole portfolio. 
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Options involve risks and are not suitable for all investors. Please read the Characteristics and Risks of Standardized Options carefully before trading.

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