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 072 : Options Trade Adjustment - How To Unemotionally Adjust Trades That Don't Go Your Way
5 days ago
Show notes: http://optionalpha.com/show72 You've entered a new option trade with a high probability of success - but you also know that a 70% chance of success doesn't mean it's a sure thing. As soon as your order fills the stock starts to move against your position - just your luck right? And each subsequent day the stock continues to trend closer and closer to your strike prices, threatening your position. At this point, you're starting to get pretty emotional about the whole thing and don't know what to do or how to adjust it. When do you pull the trigger and make an adjustment? Do you do it now or is it too soon? If you wait, what if you miss an opportunity? How much time is left until expiration? Are you taking in enough of a credit to reduce the overall risk? Is it worth it to even adjust at all right now? Believe me; I get it, and I know that these are just some of the questions circling in your head when presented with this situation. That's why in today's podcast episode I'm going to take you through three specific triggers you can implement right now to help you start making smarter, more unemotional option trade adjustments when a stock starts moving against you. You'll also hear why I favor trigger #1 over the others as it's a more mechanical and systematic.
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 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