> ## Documentation Index
> Fetch the complete documentation index at: https://docs.thetalabs.gg/llms.txt
> Use this file to discover all available pages before exploring further.

# Positions

> View and manage your open trades.

Your open trades live on the **Portfolio** page under the **positions** tab, grouped into two sections: **Options** and **Markets** (spot). A **history** tab shows your past activity with **All / Options / Spot** filters.

## Options positions

Each options position row shows:

| Field                 | What it means                                                      |
| --------------------- | ------------------------------------------------------------------ |
| **Market & contract** | The market plus your side and strike, e.g. "Yes call · 20% strike" |
| **Qty**               | The number of contracts you hold                                   |
| **Avg**               | Your average entry price, in cents                                 |
| **Now**               | The current mark price, in cents                                   |
| **Exp**               | Days remaining to expiry                                           |
| **P\&L**              | Unrealized profit or loss, in dollars and percent                  |

Each row has three actions:

* **Buy** — go back to the market page to add to the position
* **Sell** — close early with an in-page sell ticket (see below)
* **Share** — generate a shareable card of the position

### Selling an option early

Clicking **Sell** opens a "Sell {strike}% call" ticket showing the current **bid** next to your average entry, a contracts input, **You receive**, and your **Realized P\&L**. Click **Sell for \$X** to fill instantly at the dealer's bid.

At expiry, options settle automatically — in-the-money contracts pay out in pUSD, and out-of-the-money contracts expire worthless. See [Options Trading](/trading/options-trading#settlement) for the settlement rules.

## Spot positions

Spot positions are YES or NO shares you hold on Polymarket markets. Each row shows the market's icon and title, your holding as "{shares} shares · avg {entry} → {current}", the position's current value, and its P\&L.

Aggregate totals aren't summed per-row — your combined open-position value appears in the **In position** cell of the Balance card at the top of the page.

## Redeeming settled positions

When a market resolves in your favor, Theta Labs detects it automatically and flags the position:

1. The position row shows **"resolved — you won"** with a green **Redeem** button.
2. Click **Redeem**. Each winning share pays exactly \$1.00, credited to your pUSD balance.

Losing shares expire worthless — no action needed.

## Closing a spot position early

You can sell any open spot position before the market settles to lock in a gain, cut a loss, or free up your Available balance:

1. Open the market from the position row.
2. Switch the trade ticket to **Sell**.
3. Enter the number of shares (minimum 5) and confirm.

Proceeds credit your pUSD balance as soon as the order fills, and the realized P\&L shows up in your portfolio stats.

<Tip>
  Selling early means you receive the current market price rather than the \$1 settlement value. If you believe the outcome will resolve in your favor, holding to settlement is typically more profitable — but selling early removes uncertainty.
</Tip>