How to Expire a Trade
When an option expires out of the money, the contract is worthless and you keep the full premium. Use Expire to record this outcome so your P&L and reports are accurate.
The trade must be in OPEN status.
Confirm the contract actually expired — check your broker statement if unsure.
Have the expiration date and any closing fees ready.
Find the expired trade
Locate it on the Trades page.
- Open the Trades page from the sidebar.
- Look for the trade that expired. It may be highlighted if expiring-today highlighting is turned on.
- Click the trade row to open the details dialog.
Tip: Use the status filter to show only OPEN trades — this makes it easier to find trades needing action.
Click Expire
Opens the expire form.
- In the trade detail dialog, look for the Expire button.
- Click it. A focused form appears with only the fields that matter for expiration.
Enter the close date and fees
This is typically the contract's expiration date.
- Set the close date to the day the contract expired.
- If your broker charged any fees, enter the fee amount.
- Add any notes if you want to record extra context.
Confirm and save
Finalize the expiration.
- Click Mark Expired.
- The trade status changes to EXPIRED.
- Your realized P&L now reflects the full premium you kept minus fees.
Tip: After expiring, the trade moves to your closed trades. You can still view it by including EXPIRED in your status filters.
The app does not auto-expire trades. You need to mark each one manually so your reports stay accurate.
If you accidentally expired the wrong trade, contact support — there is no undo button yet.
Review your trade history on the Trades page.