Exchange adjustment of last trading day? Planet Futures teaches you how to deal with it!
In options trading, the exchange may adjust the last trading day based on market conditions or other reasons. This is a big deal for investors, because if the last trading day is missed, the option will be forfeited and the money will be wasted. So, how do you pay attention to and respond to this situation?
First of all, you have to be vigilant at all times. Exchanges usually announce last-day adjustments in advance, so investors should check the announcements frequently to make sure they are informed. Don't forget, information is money, and having first-hand information is the only way to avoid unnecessary losses.
Second, make a good trading plan. Once you know the adjustment of the last trading day, you need to make adjustments accordingly according to your investment strategy. If you plan to close your position before expiration, you need to schedule your trade in advance to ensure that it is closed before the last trading day. If you are planning to exercise the option, you should also prepare in advance to ensure that the exercise application is completed before the last trading day.
Finally, don't forget about risk control. Options trading is inherently risky, and an exchange adjustment to the last trading day may increase this risk. Therefore, investors must do a good job of risk control when trading, such as setting a stop loss point to avoid excessive losses due to market fluctuations.
In short, the adjustment of the last trading day of the exchange is a major event that needs attention, but as long as investors remain vigilant, make a good trading plan, and control risks, they can cope with it and avoid unnecessary losses. 