OAP 136: How To Calculate Break Even Prices On Iron Condors & Iron Butterflies

Are you new to options trading? Do you have a small account and want to start trading iron condors and iron butterflies? Today’s podcast will be very important as we help you understand how to calculate breakeven prices on iron condors and other risk defined strategies the correct way. Plus, we’ll walk through a multi-month…

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OAP 135: You Don’t Need A Degree In Financial Engineering To Understand How Implied Volatility Works

Today we’ll condense potentially an entire semester of financial engineering into a single podcast episode. The goal being to help completely understand how implied volatility works, why we need it, where it comes from, and how we can profit from it as option sellers. This show is a little longer than normal but I think…

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OAP 134: How to Learn From Trading Mistakes & Transitioning Into New Habits

Nobody’s trading or investing journey is a straight road or easy path. ¬†we never just magically trip into a perfect system or investing philosophy without a couple bumps along the way. Today’s podcast focuses heavily on overcoming the stigma attached to being “wrong” and having the humility and grace to learn from trading mistakes and…

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OAP 133: Weekly Bull Call Spread Backtesting Results For DIA

With the rising popularity of weekly option contracts, many investors are choosing to trade weekly bull call spread option strategies as opposed to simply going long stock. The thought process is that by trading the weekly contracts you are able to more quickly adjust and profit from moves in the overall market. On today’s show,…

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OAP 132: Can’t Trade Unlimited Risk Option Strategies? [Here’s 4 Great Alternative Trades]

Some traders wrongly assume that if they can’t trade unlimited risk option strategies, such as straddles and strangles, that they should just avoid trading altogether. Today however, I want to present four great alternative trades to some of the more common unlimited risk options strategies and help you learn how to convert these trades into…

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OAP 131: Rolling Options Forward – Multi-Month Case Studies In TLT & IWM

One of the more advanced techniques options traders use to reduce risk and increase the probability of success of the trade, is to roll contracts from one month to the next. Today’s show focuses exclusively on rolling options forward, by showing you two different case studies in TLT and IWM. Both trades took multiple months…

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OAP 130: Five Quick Tips For Smoother Option Order Execution

Seems most traders constantly struggle with getting option trades filled. And since we never suggest using “market orders” as a quick fix for entry problems, today I’m offering five quick tips for smoother option order execution. It’s a simple framework you can walk through the next time you’re having trouble getting a trade filled in…

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OAP 129: Do You Recognize These 4 Early Warning Signs Of A Non-Diversified Options Portfolio?

As options traders focused on income generation, it’s important that we consistently work towards maintaining a diversified options portfolio. But are there any “earning warning signs” that we are starting to lose our grip and balance? In today’s podcast, I’ve put together four things you can monitor so you don’t wake up tomorrow and realize…

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OAP 128: Stock Market Direction Becomes Irrelevant When You Average Down

How important is picking the right stock market direction when trading options? Depending on how you trade, it can be either vitally important or not important at all. Today’s podcast offers some insight and examples of why higher trading frequency and why averaging down (or up) around the market creates an environment in which market…

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OAP 127: What Contract Month & Option Strike Price Should I Buy Or Sell?

You’re ready to place an option trade and you’re confident the stock is a good candidate. Now what? With dozens of contract months and hundreds of option strike prices to choose from – which ones do you select? In today’s podcast, we’ll help bring some more light to the “dynamic approach” we now use at…

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