Quick Lessons On Option Trade Order Spreading

Option trade: In tonight’s video, I want to go over all the trades that we made for October 14th, which is Wednesday. I think tonight’s going to be a really good case study on why you have to just stick with a trade, continue to make adjustments to that position and continue to add premium the…

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Why Patience Is Important When Trading Options

Trading options: In tonight’s video, we’re going to go over all the trades that we made for Wednesday, October 7th. We had just a couple closing trades today and then one adjusting trade. First closing trades, we closed out of our position that we had in US Steel, our straddle. Bought back the $12.50 put and…

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MU Earnings Trade Banks Quick Profit

Earnings trade: We’re gonna do the video update for all the trades that we made on Friday, October 2nd. So this is a weekend update. We had a fairly good week. Honestly, we were pretty much prepared for the market to drop and continued to make money consistently all week which was great. Also closed out…

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Turning Our AMZN Credit Spread into an Iron Condor

Credit spread: In tonight’s video, we’re gonna go over all the trades that we made for Thursday, October 8th. So we only had two new trades today, two adjustments to current positions as we get closer to expiration. The first adjustment that we made was to our Amazon call credit spread. So we added this additional…

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OAP 080: The 3 Big Reasons Why Your Option Strategy Payoff Diagram Is Different Today Than At Expiration

Your option strategy payoff diagram is an ever evolving and changing animal. Unlike stocks which have one-dimensional payoff graphs, either upward or downward sloping, and theoretically unlimited holding periods, option strategies are impacted by cubic pricing events. Namely, time decay (Theta), implied volatility (Vega) and interest rates (Rho) which can cause your payoff diagram to…

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$100 Market Lesson I Learned Today

Option trading lesson: In tonight’s video, we’re going to go over all the trades that we made on Tuesday, September 22nd. So, the first one that I want to go over tonight is … well the first just quick closing trade that we had in Microsoft. So, Microsoft we closed out automatic working order to get…

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SPY Short Strangle Collects 81% of Initial Premium

Strangle: In tonight’s video, I want to go over a cool closing trade that we had in SPY. In particular, kind of use this as our case study here tonight because this adjustment that we made in SPY during all of the market craziness and high implied volatility, actually allowed us to take about 81% of…

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YUM Short Straddle Adjustment to Reduce Risk

Straddle: In today’s quick video we’re just going to talk about the one adjustment trade that we had today in Yum, which was our original straddle trade sitting right over where the stock was at about $85. Again, the only adjustment that we made to that today is rolling down the sure call that we have…

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Closing A Wide Iron Butterfly Option Trade for a Profit

Iron butterfly: In tonight’s video update we’re going to go over all the trades that we made on Tuesday, September 15th. So, today we had some pretty good activity this morning, closing out positions and then making some adjustments that we had talked about with elite members on the strategy call on Sunday night. Most of…

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Patient Option Traders Make Money

Option traders: In tonight’s video, we’re going to go over just the few closing words that we had today and the one quick adjustment that we had in EWW. First on deck is our position in XRT. Now, this position split. So this was a position where we entered six original contracts. Then XRT had a…

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