Real-time options education and strategies
For the purposes of this post I be focusing on the longer-term charts, primarily the weekly chart. The weekly chart is particularly useful for finding entries into option positions with 3+ months of duration. Of course they can be used for shorter-term trades but a balanced option portfolio will be comprised of bullish and bearish … Read more
In the inventory of positions that I’m currently carrying in my portfolio I have a bearish trade in MSFT and a bullish trade in AAPL. That doesn’t make much sense does it? If AAPL goes up then MSFT will likely move in the same direction and vice versa. That’s probably true. On the other hand, … Read more
Trading is hard. That’s not breaking news. We all know that. The hardest part of trading for most is once in a trade when to exit. Often a trade is initially profitable only to have it reverse and take back all of the profits and then some. After that experience it’s easy to exit a … Read more
A lot of range bound trading this past week. It’s too easy to get chopped up during those times and directional positions almost always lose value regardless of which direction you’re trading. Good time to sell Iron Condors, right? If the range is small enough, yes. However, if the range is fairly large then short … Read more
Unless you’re brand new to option trading you’ve likely heard of the Iron Condor trade. That’s a trade where you typically sell an OTM Call and Put Vertical credit spread as a way of initiating a non-directional position. I rarely utilize an Iron Condor but I often have it’s cousin, the Condor, in my portfolio. … Read more
Part 1 This post will outline a step by step process where I’ll show you when a trade setup would have been triggered and how it could have been traded. Even though I use this strategy literally hundreds of times in a year with my own trading, this is not one of my actual trades. … Read more