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Years ago - while I was trying to study and learn the skill of trading options for income, many gracious people shared GREAT content that helped me on my journey - and now that I trade full time and have become consistently profitable, I have created some FREE content that I hope might be of...

Years ago - while I was trying to study and learn the skill of trading options for income, many gracious people shared GREAT content that helped me on my journey - and now that I trade full time and have become consistently profitable, I have created some FREE content that I hope might be of...

Depending your specific needs, I would be sure to at least give OptionTradersAssitant.com a try. I have used it for 6 months now and it has worked GREAT, but you need to be with one of their connected brokers TDA, Tradier, E-trade (not sure what others) and it does not have a backtesting data...

Great observation on the >01 increments in RUT.

Status - I understand what you are saying - but campaign style trading will require adjustments in many cases - so I would suggest you find a way to build that comfort as much as possible. I am not saying I have the answer, but in my trade group, we analyzed and adjusted a trade this AM that we...

Great question and I should have clarified that as it is out of context if you were not in the class. In my case I was comparing 45 day out 60/50 BWB's. in SPX to 125/100 BWB's in NDX (Which I know is not a direct correlation but to check Bid/Ask spreads it was fine), but the Bid Asks scared...

M12 - I am working on a Deep Dive Calendar/Diagonal Course to accompany my Deep Dive Butterfly course, but it won't be ready for a couple of months yet. Calendars are very unusual in the way the trade and the fact that the "TENT" is not fixed and stable in the P&L diagram and it is CRITICAL...

Hello All - I am a contributing trader/educator for Optionstrat at Optionstrat.com and they have a great product. Easy to use, great interface and great learning tool - however, it is not the same type of product that ONE, OptionTradersAssistant or Optionvue are as you really can not easily...

I think you are thinking of Morris Puma of SJOptions. I had dinner with him in SF a few months back, a nice enough guy, but certainly a different sort of character. I tried to get a better sense of what he was doing and how he was doing it (in other words - what was his secret sauce that he...

John used to be a Prop trader for SMB years ago and has since gone out on his own. I have traded many of Johns trades over the years and have purchased many of his courses and had personal coaching from him. He is a great guy and he will be the FIRST person to tell you that NO single trade is...

As part of my Deep Dive Butterfly class - we dug into the various underlyings that a person could consider trading and in my research i found the massively wide Bid/Ask spread in NDX to be essentially untradeable (see image below). Keep in mind that this does not mean that you might not get an...

As an educator/instructor for options trading - I get the following question about black swan hedging all of the time and here is how I do it:

Here are the details on the new course: Deep Dive Butterfly Class Goes LIVE Next Sunday! Sunday March 19th - 3:30 PT (6:30 ET) Next Sunday at 3:30 PT we will begin our Deep Dive into trading Butterflies. This class will consist of...

No problem - I am starting the ALL NEW course on Sunday March 19, so if you want to be in on the live recording of the 5 weekly sessions and be able to ask questions, etc. - sign up before we get started. If I can answer any questions for you - ping me at [email protected] Also - if you have...

Christopher - this is my personal opinion (and how I teach my students in our trading group at sjgtrades.com), a properly entered butterfly (which it sounds like you largely had - is VERY forgiving and should never have a STOP on it. Stops in farther out DTE SPX with their wide bid/ask spreads...

Nice going on the patience! It looks like you got a pretty good entry because of your patience. I would not be too concerned about a break below 3995, and maybe just consider adjusting the position instead of taking it off. This should be easy to adjust given your great entry.

Closed out this 3 day old Butterfly for a nearly 20% profit:

At the end of the day - I would think you need to evaluate each based off of an equal investment or risk amount. In other words, if you spent $5.00 on A and $5 on B - which one gives you the greatest Reward to Risk ratio or other metrics you may want to measure like POP, etc.

Status - while I can't speak specifically to the T0 line in Tom's program as I have not used it - a couple of things to possibly consider: 1) With RUT being roughly 1/2 the value of SPX I would think to compare spread to spread you would need to make the RUT trade spreads be 1/2 of the SPX leg...