Risk Management

When setting up iron condor trades, you might often think about how wide to make your 'wings' - either narrow or wide. This video explores examples of each and talks about the pros and cons of narrow vs. wide wings for iron condors.

This video shows new traders step-by-step exactly how to build an options trading portfolio with $3,000. Plus, a review of a successful live automated trading bot.

Discover how to find an edge in options trading using probabilities and how to calculate the minimum reward/risk when evaluating trading opportunities.

Learn how to use Option Alpha's Trade Ideas to filter for high probability trading opportunities with low risk, perfect for traders with smaller accounts.

Your options trading should be treated as a business. Here are some tips that have worked for me in my 10+ years of experience.

Rolling options trades for a premium extends the duration of a trade and increases the chance of success, without adding additional risk.

Stop loss orders aren't always the best tool when trading risk-defined option strategies. Learn how to apply smarter stop loss orders using probabilities.

This video is your complete guide to adjusting risk-defined strategies, such as credit spreads, iron condors, and calendar spreads.

This video is your complete guide to adjusting strategies with undefined risk, such as short straddles and short strangles.

Learn to identify when you should and shouldn't adjust an options trade and how to make the decision objectively.

Black swan events are economic anomalies that can neither be predicted nor avoided, but their rare occurrences can be properly planned for to mitigate the effects.

Use Option Alpha's 7 step option trade entry checklist to filter and scan for new trading opportunities.

Portfolio balance and beta-weighting are key concepts if you truly want to build an options portfolio that consistently delivers income regardless of the overall market direction.

Options trading is just a game of numbers and probabilities. Responsible trade size and available cash reserves give you the best chance at success over a long period of time.

Becoming a fearless, confident options trader comes down to a simple understanding of what you can and can't control in the markets.

Here is a straightforward, 5-step process teaching you how to consistently generate income trading options.