Track #3: Advanced Course

Built for the serious trader who has mastered nearly all of the beginner and intermediate concepts with options trading. If you're an active trader each week and have a complete understanding of the statistics and probabilities, this course will help perfect and tweak your long-term strategy.

We built this course specifically to boost your confidence with the mechanics behind automated trade exits, profit taking levels, adjusting/hedging trades, and rolling trades near expiration. This is where you learn to build a trading system that regularly generates "Alpha" or excess returns month after month.

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Introduction to Advanced Course

Track #3 at Option Alpha was built for the serious trader who has mastered nearly all of the beginner and intermediate concepts with options...

Developing a Daily Trading Routine

Might seem odd to start here, but we believe at Option Alpha that developing a daily trading routine is critical to building habits that mak...

How to Avoid "Black Swan" Events

Scared of another market crash or flash crash? Want to learn how to avoid Black Swan market events? Once I can get you to recognize and acce...

Importance of Adjusting & Hedging Options Trades

Hedging and adjusting options trades that move against you is important, but frankly it's not as important as entering the right trade with ...

Exiting Options Trades Automatically

Exiting options trades automatically once they reach predefined profit targets is one of the most important concepts you can master as a new...

Options Strategies We Don't Adjust (And Why)

It's always important to clarify which options strategies we don't adjust typically and why. Again, it's not that you can't adjust these if ...

Big Picture Options Trading Adjustment Strategy

Before we get into adjustment details and techniques, I think it's important to walk through the big picture concepts on making trade adjust...

Knowing When to Adjust an Options Trade or NOT

Adjustment timing is a popular question and knowing when to adjust an options trade or not can help streamline your trading process. For us,...

Complete Guide to Adjusting Straddles & Strangles

Need help with options trade adjustments? This in-depth video guide will be your ultimate resource we the specific strategies and techniques...

Complete Guide to Adjusting Credit Spreads, Iron Condors & Calendars

In this video, I'll walk you through the complete strategy and techniques we use for adjusting credit spreads, iron condors, and calendar sp...

Applying Smarter Stop Loss Orders

Smarter stop loss orders when trading starts with understanding the probability of touch vs the probability of expiring as it relates to a s...

Building a Diversified Options Portfolio

There's no doubt that diversification when building an options portfolio is important. But we need to focus on diversifying the underlying s...

Rolling Options Trades for Duration & Premium

Rolling options trades for duration and premium is one of the ways we can extend our trading timeline and give ourselves enough time for the...

Options Expiration Week Position Checklist & Guide

As you near options expiration week, you'll need to make some decisions on positions that are "on the fence" and either need to be closed or...

Dealing With Stock Assignment & Dividends

Back on September 18th we were assigned 100 shares of short stock on XLU following a dividend date on our original short straddle trades. Mo...

How to Free Up Trading Margin & Cash

When trading undefined risk option strategies such as strangles and straddles, you might find yourself in a position where you need to free ...

Running a Professional Options Trading Business

In this video, I want to talk about the logistics of running an options trading business by answering some of the most common questions peop...

Kirk Du Plessis

Course Instructor

Full-time options trader, real estate investor & Option Alpha founder. Former mergers and acquisitions investment banker for Deutsche Bank in New York, REIT Analyst for BB&T Capital Markets in Washington D.C., and Options Strategy Consultant for multiple hedge funds.

Course Objectives

What You'll Learn:

How to manage and adjust trades that move against you.
How to properly manage overall portfolio balance and "black swan" event risk.
Effectively using (or not using) smarter stop-loss orders.
Automating the process of taking profitable trades off with GTC orders.
Successfully getting through expiration week and assignments.

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