OAP 111: Should I Buy Back My Penny Options Or Let Them Expire Worthless?

You made an options trade and the position has gone well, leaving you with a nice fat profit as expiration approaches. Now the question becomes, what do you do with these cheap out of the money option contracts you sold? Do you buy back your penny options or let them expire worthless? Are there risks…

Continue Reading →

OAP 110: Become A Better Options Trader By NOT Watching The Market

Why do we still believe that magically someday we’ll have some inside scoop or tip that alerts us to market tops and bottoms? As hopefully rationale adults we often get lured into a false sense of understanding in the financial markets brought on mainly by the media and talking heads. Today I want to help…

Continue Reading →

OAP 109: Say Good-Bye to Unlimited Risk Option Strategies Forever

Unlimited risk option strategies get a bad rap in the investing community among newbie traders. And while our backtesting research has shown that unlimited risk positions like short straddles and short strangles generate the best overall returns, you might be restricted in trading them because of your account type or just fear the big potential…

Continue Reading →

OAP 108: Rolling Up Strike Prices vs. Closing Out Trade – What Should I Do?

If you trade options longer than ten days you’ll undoubtedly run into a scenario where you get challenged by a stock moving either higher or lower against your position. When this happens the first question many people ask is “Do I start rolling up strike prices and adjust the position or work on closing out…

Continue Reading →

OAP 107: Interview w/ Option Alpha Member MACDDaddy & The “Wheel Selling” Options Strategy

Today I’ve very excited to bring one of our very own Option Alpha family members on the show, MACDDaddy aka Robert. He’s been a member for many years and someone I continue to seek advice from in many areas. During the show we’ll dig deeper into the “Wheel Selling” option strategy which has created some…

Continue Reading →

OAP 106: TLT Short Stock Assignment Case Study – From Loser To $426 Profit

As some point or another new option traders worry about their option contracts being assigned. Namely short call options getting short stock assignment. But it’s never as bad or horrifying as it may seem and in today’s latest show I want to walk through our TLT iron butterfly trade in which we ended up getting…

Continue Reading →

OAP 105: How To Protect Your Portfolio In A Down Market

The further the markets continue to run higher, the greater the risk that another major market correction or market crash will happen in the near future. After all, as we pointed out in Show #15, the stock market has fallen 9 times at least 30% which is once every 10 years. Right now we’re riding…

Continue Reading →

OAP 104: How To Use Pairs Trading With Options To Create Smooth Portfolio Growth

On today’s newest podcast I want to turn the conversation a bit and focus on pairs trading with options. And this isn’t the traditional pairs trading that you might have heard about before where you short one stock and buy another related stock to profit from any trending differences or divergences in the underlying price.…

Continue Reading →

OAP 103: How to Pick the Right Stock Options Strategy For Wealth Building

Even after discussing and outlining the general process for how to pick the right stock options strategy in previous podcast and videos, I continue to get members who are confused how it should work and the steps one might take. I ultimately believe that in most cases you might be over-thinking it especially when it…

Continue Reading →

OAP 102: Are You Selling Options That Are Way Too Cheap?

When selling options, often I get a question or inquiry from members of our community with regard to how far out of the money we should sell our options and set our positions. Now, I typically target around the 70% probability of success area for my short option selling trades, but others have often wondered…

Continue Reading →

Page 1 of 44