OAP 157: The Untold Story Of The 3 Little Pigs That Traded Options

A couple of weeks ago I was reading the story of the three little pigs to my daughters. And for some reason, I couldn’t help but think about the untold story of the three little pigs who traded options? Yes, it’s true, many people don’t know this but the three little pigs were actually given…

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OAP 156: The 4 Market Situations You Should Avoid Aggressively Trading

Many of our members understand the best times to trade options (i.e. higher IV setups when option premiums are expensive), but should we avoid trading during other market situations? Today’s podcast walks through the four general market situations I avoid aggressively trading in and explain why each type requires that you either sit on the…

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OAP 155: Ask Yourself These 7 Questions Before You Put On An Options Trade

Everyone loves a good options trading checklist right? Well, here are the 7 questions you should ask yourself before you put on an options trade. Answer each one over the next week and you’ll build a strong habit that will keep your positions and portfolio in check before you put your hard earned money at…

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OAP 154: The 17 Most Asked Questions By Option Alpha Members w/ Answers

We get a lot of emails each day – I’m talking hundreds of emails. Naturally, seeing so many questions and comments come through the system, we found that these 17 top questions keep coming up again and again. So, in an effort to help you, and our team reduce the support inquiries, I’m recording answers…

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OAP 153: TLT Iron Butterfly & Covered Call Walk-Thru

Assignment for some traders can be scary and cause them to freeze up or throw in the towel. On today’s podcast, we’ll walk-thru another case study in which we got assigned on our iron butterfly position in TLT not once, but twice. Inside I’ll move slowly as we look back at each stage in the…

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OAP 152: Short Straddle Or Short Iron Butterfly?

You’re looking at a great setup for a neutral trade, but which neutral strategy do you use? Short straddle or short iron butterfly? It’s a question we get all the time and today’s podcast focuses exclusively on the trade-offs of using one strategy over the other. And while both strategies are built using the same…

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OAP 151: Adjusting Short Straddles For $540 Profit (EWZ Case Study)

All over the internet, you’ll hear stories of why short straddles and short strangles should be avoided at all costs. Stories of how trading “undefined” risk positions can blow up your account when the market moves against you quickly. And while position sizing still needs to be managed appropriately, the fact remains that properly adjusting…

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OAP 150: How To Manage Your Money & Generate Wealth The Right Way

As much as I love options trading and following the financial markets, I enjoy the challenge and process of building wealth. I think about wealth building as a 3-step process in broad terms, possibly in the shape of a pyramid even. And since it’s our 150th show, I figured I would take a slightly new…

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OAP 149: Assigned Option Contract Case Study In Gold ETF GLD

For some reason many traders fear being assigned option contracts as part of an option strategy. Maybe it’s the large capital requirement to hold the shares or just the “unknown” around how to manage the position. But, like most things in life, when you slow down and take the time to walk through the position…

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OAP 148: The 5×2 Trading Psychology Matrix

No system is perfect. No trader is perfect. You will have losing trades. But it’s how you react to those losing trades, or even false positive trades, that defines how long you’ll survive in this business. Today’s show focuses on what I’m calling the 5×2 “Victim Matrix” in which there are 2 paths you can…

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