Overview: Many options traders like to trade non-directionally and gravitate towards Iron Condors because they provide a wide profit range without having a directional bias. The general philosophy is that if you can sell some out of the money vertical spreads and price doesn’t move as far as your short strikes, you can make money […]
Overview: Happy New Year! If you follow me on Twitter, you know that yesterday I sold a March 14 Iron Condor with 80ish days to expiration. I like to have some non-directional options trades on because they complement a Trend Following approach to options trading. I will note that I am not the most bad […]
Note: This is an excerpt from a recent guest post on the Options Trading IQ blog. Gavin focuses more on trading non-directional spreads than I do and has a ton of good information on his blog. Make sure to check out his Trader Interviews while you’re there. ———————- When I first started trading options, I […]
Overview: Today I’m doing a video recap of the open Theta Trend options positions and the monthly rotation system position. Equity markets have been moving slowly and seem to be consolidating around all time highs. Fortunately, we’re short options on both sides of the market and the decay is coming into the positions . . […]
Note: The excerpt below is from a recent guest post on The Lazy Trader blog. I’m not even totally sure how I came across the blog, but I was immediately excited because Henrik, the author, is into trading both options and forex. Henrik is a super friendly guy who has a fully disclosed and successful […]
The General Idea: Better, faster, stronger? My initial thoughts about combining Trend Following and Options trading came about a few years ago after the 2008 crash. At the time, I was trading Iron Condors on SPY and IWM and trying to figure out why it was so hard. Apparently, when you trade a delta neutral […]