9 Weeks of Trading Weekly Options

So the short put strike at was at least 3.

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In the last 63 years there have been instances of two day drops greater than 3. This particular trade did fine, but it had a bit of a scare. However most of those drops were concentrated in bear markets. Note how the frequency of these drops has increased over the decades. Most of the time, these trades will do fine, but if the market really does go south the position will be in trouble well before the short options go in-the-money.

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In this example, if SPY drops to In most of these situations the mettle of your advisor will be critical. Will they get you out in time? If the market drop is fast and severe e.

Update Trade Options Weekly no longer appears to be around, but there are people still providing the same basic strategy e. A typical trade using this strategy would look like this: Kindle Edition File Size: Customers who bought this item also bought. My Secret Trading Systems: Share your thoughts with other customers. Write a product review. Most helpful customer reviews on Amazon. I think this ebook is well worth the price. That said I will say that this is not for someone that is new to trading options.

The author does not include all the basic information about options which I was thankful for. The writing is clear and concise and includes all the details for entry, trade management and exit requirements. There is only one example for each of the 3 systems but that is enough for an experienced trader. I do think it would have been helpful for the author to include some screen shots of the three trade examples from a trading platform. I have been trading futures, stocks and options for over 20 years and have purchased many books on the subject.

This ebook is recommended for the experienced trader looking for a new strategy to trade weekly options. Good luck in your trading! To me, the book seemed a little pricey, but its well written, and balanced. The author seems to know his subject well. He assumes you already know quite a bit about options and trading, so if you are a newbie you may be a bit overwhelmed. There's not alot of handholding.

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However, I liked that fact the he starts out by presenting both the risks and the potential benefits of weeklys rather than painting a rosy picture. I was very disconcerted by the fact that his link to more information about the Double Calendar trading strategy was broken. I know most of the basic terminology, but am hardly an expert myself, and am going to have to do some digging to find out about it myself. Added to that, he provides no email or contact information whatsoever.

I compare that to Mr.

9 Weeks of Trading Weekly Options

Mark Wolfinger in the Rookies Guide to Option Selling who provides an email address, invites questions, and responds very quickly I asked him a question once. And his book is real paper, about 5 times as many pages, and only costs a little over twice as much as Mr. Don't get me wrong. I'm sure I will benefit from Mr. He's just making me work a lot harder for it.

This book has promise but falls short in a few areas. First as the previous reviewer wrote, the links for details about some of the strategies do not work, so he leaves it to the reader to find other resources to find out more about each strategy.

4 Tips for Trading Weekly Options

Update, the author references Stocks and Commodities articles about Dan Sheridan. So if you search google you will find the articles he references. Second the writer only shows hypothetical examples 1 each for each strategy. I don't know, but he could have done a much better job if he had included real examples with risk graphs to show how the trades work and when they do not. He is very complete in telling you how to create a list of candidates from all of the weeklies. But there are many. In my experience, you will find a group of candidates that you will trade on a regular basis.

So it would have been nice if the author shared his shorter list to start from then take us through setting up an actual trade with risk graphs etc.

There is no Bio about this writer and no way to get in touch to ask questions, also pointed out by the other reviewer. A clear and simple read that is exactly what is publicized. I like the system he has created, and, unlike some of his other "papers," it actually works. Yes, I have some disagreement with the actual options that he suggests using, but basically it can and does make money.

I prefer selling strangles, but iron condors are okay.