Liz Dierking and Jenny Andrews demonstrated live trade management during Friday's session, focusing on adjusting positions nearing expiration and dealing with trades that have moved against them.
The hosts showcased how to handle a Nike (NKE) jade lizard trade that moved beyond its expected range, explaining roll strategies to maintain the position rather than taking a loss. They emphasized understanding parity and intrinsic value when managing expiring options.
For cryptocurrency exposure, they adjusted weekly Jade Lizard trades in Bitcoin-related IBIT, creating defined-risk positions with favorable risk-reward characteristics. The hosts also managed positions in Firefly Aerospace, which surged 20%, by rolling their put to a higher strike price.
Throughout the show, they addressed viewer questions about calendar spreads, handling trades during holiday periods, and options education resources for beginners, demonstrating real-time decision making that balances risk management with profit potential.