You don’t have to wait for expiration! In our real-world NVDA example:

• Initial Cost: $3,040.

• The Move: NVDA dropped significantly within 3 weeks.

• The Exit: We sold the put back to the market for a higher price.

• The Result: $760 Profit (20% ROI) in less than a month.

We didn’t wait for the stock to hit $187; we took advantage of the Delta move and the remaining Time Value.

👨‍🏫 Mentor’s Insight: Don’t Let it ‘Auto-Exercise’

“Stephen here. A common rookie mistake is letting an In-the-Money put expire without closing it.

If you don’t own the NVDA shares and your $218 put expires at $210, your broker will ‘Short’ the stock for you. Suddenly, you have a massive margin requirement and a risky short stock position on Monday. Always close your profitable puts by Friday afternoon unless you specifically want to short the stock.

In our weekly 1-on-1 mentoring sessions, I’ll show you how to set a ‘Take Profit’ order the moment you buy the put. Is your put in the green today? Book a Free Strategy Call today and let’s lock in those gains before the weekend.”

🛠️ Stephen’s Implementation Tip:

• The Friday 3:00 PM Rule: Always check your long positions an hour before the market closes on expiration Friday. If it’s ITM, sell it and take the cash!