ORCL Credit Spread and CMG Iron Condor

Credit spread: In tonight’s video, I want to go over the two new opening trades that we had today, on December 3rd. Now again, all of this always posted live to the website so you guys can see exactly what we are doing, both the side, the effect, the quantity, the expiration date, the whole ……

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Rant On Position Sizing with SCTY

Position sizing: Tonight, rant, instead of a video. I will be going over all of our trades that we made on Wednesday, December 16th. Which is Fed Day? Let’s get through some things. I have some notes here that I want to reference because I get a lot of emails. Right. Today, I think today was…

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How to Hedge a Call Credit Spread

Call credit spread: In this video, we’re going to go over just the two quick trades that we had today on Wednesday, December 2nd. The first trade that went through is an adjusting trade on Alibaba which is BABA, and I wanted to go over instead, our quick closing trade first on XOP. We’ve got a…

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Quick IV Drop In Pandora Helps Strangle Strategy Win Out

Strangle: In today’s video, I’m going to go over all the trades that we made on Thursday and Friday of this week. So, I’m actually out of town at a wedding, a very good friend of mine is getting married in Virginia, so I haven’t been able to do it last night with the rehearsal dinner.…

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Quick Earning Trade Exits for Scratch in WMT & HD

Earnings trade: In tonight’s video, we’re just going to go quickly over the two closing trades that we had today both in Home Depot and Walmart. Like I said, these were two earnings trades that we entered yesterday. As always, when you’re logged into the membership site, you can see all the running trades, and you…

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New PFE Straddle with 68% Probability of Success

Straddle: In tonight’s video update, I want to go over just the two quick closing trades that we had today for Wednesday, November 18th. We tried to get into some other earnings trades today, GMCR and BBY. Now thankfully I guess we didn’t get filled in GMCR although I tried with four different orders to get…

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Cleaning Up My Portfolio Before Options Expiration Friday

Options expiration: In tonight’s video, we’re going to go over all the trades that we made on Monday, November 16th. So we’re pretty busy today. It’s expiration week as most of you know. That means we’re starting to take off things that either don’t work or are close to making money, are making money but now…

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Can’t Win Trading Options If You Don’t Play The Probabilities

Trading options: In tonight’s video, we’re going to go over all the closing trades and opening trades that we had for Tuesday. I’m sorry, Wednesday, November 4th. Now, this is a cool video because it’s funny all the time on my end. I wish sometimes people could see just the types of emails that I often…

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OAP 083: The Casinos Edge & Why They Spent $45 Every Hour To Keep You In Your Seat

A casino’s edge ranges from 0.5% for blackjack to as high as 17% for some slot machine games. Now, of course, this edge may or may not play out on the first, second, or tenth roll of the dice. But they are not in it for the short-term game. You see, the casino doesn’t have…

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New Iron Butterfly Option Trade in POT

Iron butterfly: In tonight’s video we’re going to go over all the trades that we made on Thursday, November 12th. It’s actually been a couple of days since we actually made some trades, and that’s okay. I know that some people were really excited for new trades I guess the last couple of days, because I…

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