Options Formula Pre-Exit Checklist
1. Restate the original thesis.
2. Mark whether the thesis is still valid.
3. Calculate current P/L and percent of max profit captured.
4. Compare remaining profit with remaining risk.
5. Check days to expiration, IV, liquidity, catalyst, and assignment risk.
6. If rolling, write the proposed roll as a brand-new trade.
7. Decide what condition would change the result.
Educational only. Options involve risk.