The Option Alpha Podcast: Options Trading | Stock Options | Stock Trading | Trading Online
About This Show
We are on a mission to help you make smarter investments and trades – it’s just that simple. So if that means pulling back the curtain on everything you know (or thought you knew) about options trading and the stock market then so be it.
Most Recent Episode
OAP 083 : The Casinos Edge & Why They Spent $45 Every Hour To Keep You In Your Seat
7 days ago
Show notes: http://optionalpha.com/show83 A casino's edge ranges from 0.5% for blackjack to as high as 17% for some slot machine games. Now, of course, this edge may or may not play out on the first, second, or tenth roll of the dice. But they are not in it for the short-term game. You see, the casino doesn't have to beat every player every time. They just know that they'll win their mathematical edge so long as enough bets are placed each year. It's precisely why casinos offer huge incentives to get you to come back with free show tickets, free meals or even free hotel rooms. It's why the force table limits on how much you can bet on each hand and why they give you free drinks for playing. While you might think it's just them being nice, it's not. It's an investment they know pays huge dividends. In fact, on average casinos spend up to $45 each hour to keep you sitting in your seat and betting money. Now, I frankly don't care if you like or hate casinos because the reality is that it's an insanely profitable business model based on simple math and expected outcomes. As options traders, we can learn a lot about how we should run our own trading business from casinos. In today's show, I want to walk through some of the most important takeaways that you can apply right now to your trading system and invite you to open your mind and try to see the big picture strategy.
Rated 5 out of
Loving Option Alpha...
It takes a might fine podcast to get me to write a review. Well, Kirk from Option Alpha has gone and done just that. Very well thought out programming and website. It's really the best I've seen; most organized too. Kudos goes to Kirk and his team. I'm looking forward to furthering my knowledge of stock options and trades.
Date published: 2015-10-15
Rated 5 out of
Great Podcast for an options trader at any level
If you’re interested in selling options, LISTEN TO THIS PODCAST! Seriously…it’s the best out there. Kirk does an amazing job going though actual real-world examples to discuss a variety of issues related to option selling (from option pricing models, option strategies, brokerage house rules, etc. etc …it goes on and on). Every single podcast I’ve listened to date is relevant and fresh and has helped me enormously with my confidence in my trading. Keep doing what you do, Kirk!
Date published: 2017-01-25
Rated 5 out of
Great teacher and show format
I binge listened to all of his episodes. Great show. Really learned a lot. Will most likely become a member here shortly
Date published: 2016-06-07