Each week at https://www.stockmarketoptionstrading.net/ myself and other traders share some recent winning trades to let the community know what trades are working right now. We call it Winning Wednesday and in this episode, we're going to review a several trades that other members are trading that are working in 2022. Here's the direct link to the Winning Wednesday post discussed in this episode: https://www.stockmarketoptionstrading.net/posts/24706207 Here's the link to the SPX Weekly Options Blueprint video mentioned in this episode: https://youtu.be/iKUbjh-_Fdk A free resource for you: https://www.stockmarketoptionstrading.net/ is free website that operates like Facebook without all the ads, spam, trolls. It's free to join which allows you to post charts, ask questions, and see what others are trading. There's even a free trading course centered around an SPY option strategy. Hope to see you on the website. Thanks for listening.
On June 28, 2022, SPY had a small gap up and then $22Million worth of SPY put options were bought and then the market tanked. Talking through this trade and why it would've put some pressure on the market. Here's a quick video showing the trades and charts: https://youtu.be/k6obAo16W6U Be sure to check Episode 42 with Brent Kachuba from SpotGamma.com to learn more about the hedging impact of options flow. Additional Resources: Stock Market Options Trading Free Community: https://www.stockmarketoptionstrading.net/ Stock Market Options Trading YouTube Channel: https://www.youtube.com/c/stockmarketoptionstrading J. Eric O'Rourke Twitter: https://twitter.com/OptionAssassin
Want the latest in trading research and support the podcast at the same time? Come join me at https://www.patreon.com/VerticalSpreadOptionsTrading to get started. Angie Gaskill is an independent trader, wife, and mom. She's been trading 15 years and share her approach to options trading and how she uses darkpool data in her trading. Angie Gaskill Twitter: https://twitter.com/MomAngtrades Additional Resources: Stock Market Options Trading Free Community: https://www.stockmarketoptionstrading.net/ Stock Market Options Trading YouTube Channel: https://www.youtube.com/c/stockmarketoptionstrading J. Eric O'Rourke Twitter: https://twitter.com/OptionAssassin
Want the latest in trading research and support the podcast at the same time? Come join me at https://www.patreon.com/VerticalSpreadOptionsTrading to get started. Erik Smolinski joined me for this weeks episode where we discussed his evolution of trading and some of the adjustments he made for trading options in 2022. You can find Erik over on his YouTube channel where posts informative and educational content for beginners and advanced traders. You can also connect with him Twitter as well. esInvests YouTube Channel: https://www.youtube.com/c/esInvests Erik Smolinksi Twitter: https://twitter.com/esInvests Additional Resources: Stock Market Options Trading Free Community: https://www.stockmarketoptionstrading.net/ Stock Market Options Trading YouTube Channel: https://www.youtube.com/c/stockmarketoptionstrading J. Eric O'Rourke Twitter: https://twitter.com/OptionAssassin
In this episode, I got to speak with Brent Kochuba, Founder of SpotGamma.com where he explains to me some advanced concepts of what makes the stock market really move by way of the options market. After listening, head over to https://spotgamma.com/about/ to learn more about Brent and the proprietary technology and methodology we discuss in this episode. Want to support the podcast and get access to my latest research? Head over to https://www.patreon.com/VerticalSpreadOptionsTrading to get started. Join the podcast community over at https://www.stockmarketoptionstrading.net to ask questions and connect with other retail traders.
Use the code "SMOT" at OptionOmega.com for 50% off their advanced backtesting software. In this episode, I talk with Troy and Rusty from Option Omega on the creativity of options trading and how advanced backtesting can help retail traders improve their strategies. We discuss some of the challenges of backtesting and how this software addresses that in an easy to use interface. Join the podcast community over at https://www.stockmarketoptionstrading.net to ask questions and connect with other retail traders. Free SPY Call Buying Strategy Course: https://www.stockmarketoptionstrading.net/all-courses
In this episode, I cover my interpretation of the Kelly Criterion to help determine the optimum position size for a credit spread strategy. We'll talk through the basic idea as well as the four factors or variables you need to calculate the Kelly Criterion. This episode will give an example for applying it to a credit spread strategy but the Kelly Criterion can also be used for other strategies too. Free SPY Call Buying Strategy Course: https://www.stockmarketoptionstrading.net/all-courses Great YouTube Video on the Kelly Criterion: https://youtu.be/THYLv5_0Vm8 Books Mentioned: Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street by William Poundstone The Man Who Solved the Market: How Jim Simons Launched The Quant Revolution by Gregory Zuckerman Credit Spread Strategy Mentioned: https://www.patreon.com/posts/62651192
R Multiple is the amount you won or lost in terms of your risk. Knowing your R Multiple will help you position size correctly in which we will cover in another episode. In this episode, we'll talk through the basics of the R Multiple and how to think about it when it comes to credit spreads. I learned the concept of R-Multiples from a book called "Trading Your Way To Financial Freedom" by Van Tharp. Upon preparing for this episode, I found out that Van Tharp recently passed away and am dedicating this episode to him as he has helped so many traders in his lifetime. Thanks for listening. https://www.stockmarketoptionstrading.net
David Sun is an index options trader and has his own podcast called The Trade Busters where he details his index options trading strategies. David was on Episode 20 and 21 of the podcast about a year ago so it was great catching up with him in this episode to see how's he's adjusted his strategies this past year. Here's a link to David's TastyTrade Rising Star segment: https://youtu.be/EG3kKNZxkBQ Be sure to check out David's podcast called The Trade Busters when you get a chance. He's also posted so of his research and strategies on his trading page at TheTradeBusters.com Thanks for listening. https://www.stockmarketoptionstrading.net
This is a must listen episode if you are a new options trader. The goal here is to help get you to consistent profits and these tips can help when you're first starting out with options. Want to discuss this episode with us? Come join us at https://www.stockmarketoptionstrading.net/ where you ask questions and comment about this episode or anything else related to stocks and options. Want to trade with me or get advanced training? Come join me over on https://www.patreon.com/VerticalSpreadOptionsTrading for intermediate and advanced options strategies. Be sure to Follow the podcast on your favorite podcast player and leave a review to help the show spread the word about trading stocks and options.