“Pin Risk” happens when the stock price is sitting right on your short strike ($700) at 4:00 PM on Friday.

• The Problem: You won’t know if you’ve been assigned until Saturday morning. You could wake up “Short” 100 shares of SPY, which requires massive margin.

• The Professional Solution: If SPY is anywhere near $700 on expiration Friday, we Buy to Close the spread and walk away. We never gamble on “Pin Risk.”

👨‍🏫 Mentor’s Insight: Don’t Be Greedy with ‘Nickels’

“Stephen here. I see it all the time: a student is up 90% on a trade, and they wait an extra three days to try and get that last $5. Then, a surprise news event hits, the market rallies, and that 90% profit turns into a 100% loss.

We call this ‘picking up nickels in front of a steamroller.’ Be the casino—take your 50% or 60% profit and move your capital to a fresh trade with better odds.

In our weekly 1-on-1 mentoring sessions, I’ll help you set ‘GTC’ (Good ‘Til Cancelled) orders so your 50% profit is taken automatically while you’re at work. Want to set up your automatic exit today? Book a Free Strategy Call today and I’ll walk you through the platform settings.”

🛠️ Stephen’s Implementation Tip:

• The ‘GTC’ Order: The moment your Bear Call Spread is filled, immediately place a “Buy to Close” order at 50% of the credit you received. This removes the emotion from the exit!