Trade Management

This article will details trade management strategies during execution phase.

Basic management strategies for execution phase:
1. Roll up/down
2. Roll out at the same strike
3. Roll up/down and out
4. Reduce positions

Basic trade adjustment:
1. Create credit vertical spread
2. Create debit vertical spread
3. Combine two spread
4. Close one leg
5. Create calendar/horizontal spread.
6. Create diagonal spread

Trade adjustment for short options should generate extra credit, while adjustment for long options should reduce debit amount.