Gimme Some Options!
About This Show
Welcome to the real world of retail options trading. I'll be sharing my daily position adds and subtractions along with the whys and hows. You'll hear me humbly celebrate the winners and moan about the losers. And you'll be treated to occasional interviews with other options trading practitioners -- real grinders who are trying to extract money from the machines every day.
Most Recent Episode
Make Gamma Risk Your Friend By Making it Less of an Enemy
Addition by subtraction. When you're in a losing position with defined risk, gamma is your friend. It's what will bring your position back to profitability. However, if you're sitting in open profits and you're approaching expiration, you're likely to notice your friend Mr. Gamma starting to overstay his welcome.
In this episode, I think about ways to gracefully show Mr. Gamma the door without ruining the vibe for the rest of the portfolio party.