In today’s Know Your Options Video segment, we discuss the best methods for closing a trade whether you original thesis was correct – or incorrect.

Most traders are familiar with the concept of purchasing an option that will be profitable if their expectation for movement in a stock is validated, but they are sometimes less familiar with the strategies available for taking the trade off in the best possible way.

Options trading is a competitive environment and knowing how to maximize profits on the winners and preserve capital after a losing trade can be one of the most important factors in long-term profitability.

Top professional traders never intentionally leave money on the table – and neither should you.

Tune in and find out how you can get the most out of your own option trades.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>