What Strategies Can Traders Use to Mitigate the Effects of Pin Risk?

Traders can mitigate pin risk by either closing the option position before expiration or by executing a "stock-up" or "stock-down" trade to push the underlying price decisively away from the strike price. Another common method is to trade a collar or a spread that ensures the final outcome is clearly in-the-money or out-of-the-money, removing the uncertainty associated with the pin.