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Options Trading Case Studies

27 Video Lessons

Real Case Studies

Nobody else in the options trading industry is more open with their real trades than we are here at Option Alpha. In this module you'll find a hand-picked and detailed look at some of our best trades broken down by date, time, price so you can follow along step by step and learn in the process.

Everything from multiple iron condor adjustments to calendar rolls and earnings hedges. You'll be able to follow the logic and mechanics of how we turned a bunch of trades around. Plus, we're always adding new case studies each month so check back frequently for more lessons.

Start Module

10 Biggest Options Trading Mistakes

To kick off our case studies module I first wanted to present what we believe to be the top 10 mistakes or traps that new options traders fa...

Risk-Free DIA Iron Condor

Today we'll show you with live trades how we turned our original custom DIA naked put trade into a risk-free iron condor with NO possibility...

XLU Stock & Dividend Assignment

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

ORCL Put Debit Spread

Back in April ORCL stock saw a fairly large (and quick) move higher as IV dropped. This gave us an opportunity to enter a directional put de...

81% With SPY Short Strangle

It's hard to sell naked options with the VIX north of 35 but that's where the money is made. In today's case study I'll show you how our SPY...

GILD Iron Condor

In this small trade that we made before the holidays we were able to take advantage of really high implied volatility after a big gapping mo...

CMG Calendar

In this small trade that we made before the holidays we were able to take advantage of really high implied volatility after a big gapping mo...

Warren Buffett The Options Trader?

Though he is mostly known for his stock picking ability and long-term hold investments, Warren Buffett is actually a very smart options trad...

IWM Iron Butterfly Adjustment

As IWM has continued to rally higher near expiration, we looked to reduce our risk by rolling up our short put closer to the market for a hi...

Entering An FXE Skewed Iron Condor

Skewed iron condors are a great way to take slightly directional risk in an overall neutral position. Recently, with higher implied volatili...

WMT & UNP Calendars

With both UNP and WMT we'll show you with a live trade how we entered 2 calendar spread option trades and why we selected some strikes over ...

How Bad Are We At Picking Direction?

Based off a great keynote presentation from the Motley Fool (http://www.fool.com) I'll highlight some of the real interesting stats that sho...

IWM Iron Condor

As IWM moved closer to our original call spread trade we decided throughout the month to add the short put spread and create an iron condor ...

AMZN Risk-Free Butterfly

As stocks fell today we had a great opportunity to both exit profitable trades AND enter some really cool adjustments. In this multi-trade ...

BIDU Put Calendar Spread Adjustment

Calendar spreads can sometimes be a little difficult to adjust. Our recent position in BIDU saw the stock move higher right after entry (awa...

SLV Call Debit Spread

You've heard us before talk about why we don't use stop loss orders especially on risk-defined trades like debit spread. In today's video ca...

NKE Earnings Trade

Following earnings from NKE the stock saw a fairly big move lower against our position. But with a simple 1 trade adjustment we were able to...

3 Spread Entry Examples

This week with higher volatility we were able to add some great credit call spreads in VIX and QQQ as well a bearish put debit spread in JCP...

MSFT Skewed Iron Condor

Following a fairly significant sell-off in MSFT stock we saw an opportunity to enter an iron condor trade as implied volatility remained hig...

GS & LMT Iron Condors

After exiting our SLB earnings trade for a profit we'll show you how we made 2 iron condor adjustments in GS and LMT as we near expiration. ...

F Covered Call

Though we rarely are covered call traders, we wanted to show you that buying stock and selling a covered call is not as complicated as peopl...

6 Trades At Expiration

A look inside one of expiration day updates for members we'll cover 6 trades both opening and closing. With this longer tutorial we cover ve...

WFC Exercised Call

Early in the morning we got an email that one of our short call positions in WFC stock had been assigned and we were left with 200 short sha...

Trading w/ Mobile Apps

In a really cool "Mobile Trading" case study and lesson we'll show you how we can get familiar using mobile trading apps to monitor and clos...

HLF Skewed Iron Condor

After a profitable earnings trade in HLF, the stock still seemed like it could head lower given the gap it already made. So we decided to s...

IWM Custom Naked Put

This custom option trade in IWM is a combination of buying a debit put spread and selling a naked put option which leaves us with an opening...

COH & HAL Earnings Trades

In the middle of earnings season we had a chance to profit from a nice COH strangle and HAL iron condor trades. TWTR ended up being a scratc...

EWZ Iron Condor

Yep in less than 3 days we banked a 69% profit on our EWZ iron condor trade. Mainly because (as we'll show) implied volatility dropped. What...

VXX Ratio Spread

Though we don't trade ratio spreads (or backratio spreads) all too often we were presented with a really unique opportunity to enter this po...

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:

Selective series of case studies for both profitable and non-profitable option trades.
How we managed and traded through stock assignments during dividends.
A detailed review of how Warren Buffett trades options consistently for income.
Adjusting and hedging all kinds of different trades over the past couple years.
Plus, we're constantly adding and refreshing these case studies each month.

"Thanks for the daily videos Kirk. It’s great to see your methodology and mindset behind why you do what you do. It is very much appreciated and helps me understand what to look for in a trade as well as how to manage my trades. The new PRO membership is legitimately a game-changer for my finances."

- Aaron Jones (Seattle)

"Being relatively new to trading, I need to get the basic understanding down before I can even begin to develop my own trading style. I am trading some of Kirk's trades and tracking all of them, learning from a doer not just a talker. Thanks for everything!"

- Fred Geschwill (Woodburn)

"I've made several successful, standard option calls before but now I realized luck was on my side. I'm looking for safer, options strategies for monthly income, as you so well demonstrated and it’s been generating exactly the type of income I'm looking to make - amazing."

- David Deutsch (Buenos Aires)

"Fairly new to the membership area but not new to options trading by any means. I joined about 8 months ago in November and it has been very profitable so far. Thanks for the great work!"

- Dan Neumeyer (Perrysburg)

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