Article & Course Content Update 6/3/2016: I recently heard form Ali and he mentioned that there have been some concerns about selling naked options and/or people are hoping to have a credit spread variation of his strategy. He said that in Class Number 2 there will be a rule based credit spread system (to be […]
As options income traders, we’re always looking for edge. Normally we like to look for edge in technical analysis, volatility, and strategies. While I certainly agree that all of those things help, the reality is that, as long as we’re the ones sending the orders, some portion of edge comes back to us. Trading and […]
Pain. I’m always looking for ways to reduce pain when I’m trading and by pain, I really mean heat. I know that I’m not alone in that pursuit because I see credit spread traders waiting and waiting to fade big moves. For example, they might want the market to sell off as much as possible […]
What it’s about: The video below goes through a naked put trade in $GLD and then moves to the $IWM butterfly. The December IWM Put Butterfly is within two weeks of expiration and the Gamma, Delta combination is getting a little risky for my taste. I take a look at two expiration week adjustments that […]
Quick Overview: As I mentioned in the Weekend Market Commentary, I’m looking for a naked put to sell in Gold ($GLD). My personal opinion is that Gold looks fairly neutral with a good amount of non-directional volatility. The Parabolic SAR for the pTheta system was hit last week and price has fallen a bit from that […]
Overview: We’ve recently taken a look at two interesting indexes that sell puts: the CBOE Put Write Index and the NYSE Arca High Volatility Put Write Index. Both indexes sell cash secured puts. The CBOE index sells 30 day, at the money puts while $HVPW sells 60 day, 15% out of the money puts. One […]