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At Option Alpha we are devoted to empowering traders with simple, powerful tools supported by world-class research and education. For far too long the options industry has been fragmented, lagging, and unnecessarily complex. By developing industry-first automation technology, enhancing data and information accessibility, and nurturing our thriving community at every level, Option Alpha is changing the way people trade options forever. We’re more than just a software company; we’re leading a movement of traders at every level who are unlocking more freedom through improved and expanded options.
234 Episodes
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We're joined by Adam Cohn, Vice President and Head of Trading Operations at TradeStation, an award-winning trading platform known for its comprehensive trading tools, advanced charting capabilities, and extensive market analysis features. Adam brings a wealth of experience, not just from his role at TradeStation but also from his extensive background in options trading in the Chicago pits and as a market maker. His deep understanding of market structure and dedication to best execution h...
Show Notes: https://optionalpha.com/show232Navigating options expiration is a critical skill for traders, especially with the rise of daily expirations.This week’s podcast explores the top 7 automated tips and tricks you can use inside Option Alpha to set up your portfolio for better options expiration management.See all 7 tips hereAdjust exit options as you near expirationCheck the extrinsic value of your positions/legsCheck the probability of short legs being ITMDon’t use market orders, use...
Show Notes: https://optionalpha.com/show231This week we explore the latest and most pressing challenges emerging for investors who have embraced autotrading.As automation revolutionizes the financial markets, traders find themselves navigating uncharted psychological territory. From trusting bots and algorithms, coping with reduced decision-making control, and the novel complexities of autotrading that demand a new style of adaptation and resilience. With help from our team, I’ll peel back th...
Show Notes: https://optionalpha.com/show230 This week I explore a deep and philosophical viewpoint into the world of automated trading and its inevitable rise for investors. I explore the evolutionary nature of human decision-making and its limitations in complex financial markets by examining cognitive biases and their impact on manual trading. I’ll also discuss the technological advancements driving this shift, risk management in autotrading, and the future trends and challenges in this rap...
AI is the hot new buzzword these days, sparked by the release of ChatGPT a few months ago. Since then, it seems everyone has used OpenAI’s software in fascinating (and sometimes scary) ways. So, I jumped into ChatGPT and asked it to come up with the top questions that new and advanced traders ask about options trading. This week's podcast explores the 15 questions - and answers - that options trades want to know.See all 15 answers hereWhat are options and how do they work?How much money...
1How long does it take a stock to get back to even after a large daily move down? And does the magnitude impact how long it takes the position to recover the loss?We’ve all been in losing trades and wondered if we should hang on to the position for a little longer or cut it loose. So, to help answer the question, we studied the short-term performance of stocks and ETFs after different daily loss totals.The study analyzed 324 assets over a 20-year period. We calculated the 5-day returns followi...
Stocks have been described as a rubber band, and we often assume they will snap back and revert when prices become overextended. So, we wanted to know: How likely is a security to continue or reverse its momentum above and below major moving averages in short, medium, and long-term timeframes? And does the security’s proximity to a moving average impact its performance?We researched 20 years of data on 286 symbols, using short, mid, and long-term trends to analyze the ticker’s 30-day return r...
"The trend is your friend." It’s a popular saying amongst traders, and we hear it all the time. But is there validity in the statement?We backtested directional option selling strategies with a long-term trend filter to see if there is a significant impact on performance.We used Option Alpha's backtester to review the data for SPY, GLD, and TLT short put spreads and short call spreads. Short put spread tests included a filter to only enter trades above the 200-day moving average. Short ...
This week we take a look at the performance of the Monthly Iron Condors ($3k Portfolio) bot template. You might recall that we previously did a deep dive on this template back on Show 214, walking through the strategy setup, the scanner and monitor automation setups, etc. But now that we’ve had it running for a little over a year, we thought it would be help to take a look at how it has weathered this year’s market volatility and explore possible ways to adjust or improve its performance in t...
Show Notes: https://optionalpha.com/show224Option spreads are a simple and flexible, yet powerful strategy for traders. And while spread strategies come in many forms, shapes, structures, and durations, some core elements are present in spread trading generally that new traders should pay attention to. On this week's show, we'll once again slow things down a bit and focus on understanding what option spreads are and how to trade spreads in your portfolio.
Show Notes: https://optionalpha.com/show223What if you could build an automated strategy that navigates all market conditions? And while we know there is no one-size-fits-all strategy, we believe you can design a bot strategy that assesses the market trend and proactively adapts to current conditions. This "trader's dream" finally manifested itself in a bot template that become the collective “brainchild” of the amazing Community of traders right here at Option Alpha! The Hexabot, as it's now...
Show Notes: https://optionalpha.com/show222Option strike prices are an absolutely critical concept to master if you're going to seriously trade options at any point in the future. Without a holistic and firm understanding of what strike prices are, how they work, why they are different than break-even prices, you cannot be adequately prepared to safely trade options. And therefore, because we want to help all traders place smarter trades, we've devoted this show to answering your questions ar...
Show Notes: https://optionalpha.com/show221Starting to trade a covered call strategy is a popular "bridge" for traditional stock traders or investors transitioning to the world of options trading. It's a logical, bolt-on options strategy that has numerous benefits over traditional long stock positions. Today's show digs in one extra level and explores the different setups and ways to trade synthetic covered calls with a particular focus on using call spreads vs. single-leg short calls.
Show Notes: https://optionalpha.com/show220In today's show, I'll walk through four clever, dare I say "wicked-smart", ways to leverage our proprietary SmartPricing technology for routing orders intelligently to the markets. If you're already trading with us at Option Alpha then you'll learn some new techniques that will help improve the efficiency of your bots and automations. If you're not trading with bots yet and are still manually entering all your opening and closing orders yourself, wai...
Show Notes: https://optionalpha.com/show219Calculating break even prices for different option strategies isn't as complicated and overwhelming as it might seem. Yes, you do need to perform some basic math functions to find different break even prices but it's certainly not rocket science. Plus, it's an invaluable concept to master because it's critical to your success as a trader. In today's show, I'll help you understand what break even prices are and how to calculate them for all of the mos...
Show Notes: https://optionalpha.com/show218In life there are three things that are certain; death, taxes, and bear markets. For many new options traders, the current bear market we've found ourselves in might just be your first. An inconvenient reminder that risk is present when trading, particularly when trading options. But alas, as the old saying goes, "It's just part of the game..." and my goal today is to make sure that this bear market isn't your last. That's right, I want to help you s...
Show Notes: https://optionalpha.com/show217Hey everyone this is Kirk here again from optionalpha.com, working every single week to make this the most popular investing podcast offered online because it's based on one thing and one thing only and that's. . . Helping you consistently place SMARTER trades. Thank you so much again for tuning in and welcome back!
Show Notes: https://optionalpha.com/show216Hey everyone this is Kirk here again from optionalpha.com, working every single week to make this the most popular investing podcast offered online because it's based on one thing and one thing only and that's. . . Helping you consistently place SMARTER trades. Thank you so much again for tuning in and welcome back!
Show Notes: https://optionalpha.com/show215On this week's episode, we'll present a collection of questions custom tailored for digging deep into your psychology and mindset around trading. These are questions you should ask yourself, ones that trading coach might ask you, on a recurring schedule to help uncover and keep a pulse on the potentially harmful subconscious "self-talk" that tends to consume you. Look, trading options is already hard enough and it's certainly not in your best interes...
Show Notes: https://optionalpha.com/show214New traders with small accounts are constantly on the hunt for option strategies that help them get started but intelligently allocate their money without blowing up. And so back on Show 159 of the podcast we outlined a framework for building an options portfolio with just $3,000 which become of our most popular episodes. But when we recorded it, almost 2 years ago, we didn't have automated trading which means you still had to take everything we disc...
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Hi Kirk, Have you decided to stop recording the podcasts? There is nothing after October 2020. Could you let us know please?
Hi Kirk, Can you please mention what was the time period that you backtested those strategies over? You mention those 500-670% returns but the period of time you testes is not mentioned in the podcast. Many thanks in advance. Best, Ola
speaking of the scarcity mindset, be sure to look into Andrew Yang and his book “The War on Normal People”. Great ep Kirk
Great episode!
loved this episode! always learn something with these. thank you Kirk!
in my opinion the Option Alpha podcast is the best of breed. you owe it to yourself to take advantage of this free quality education
Before listening to this podcast I understood buying and selling options. Just the basics. I'm up to episode 68 or so right now and I understand so much more. Some episodes I listen to repeatedly for days to make sure I'm absorbing the bulk of the message. I take notes as well when I can. I would highly recommend this podcast to anybody interested in options. I look forward to the rest of the podcasts and hopefully joining the site soon as well. Thank you Kirk for all you do.
Thanks for everything you do, Kirk. This podcast is great just like the rest of your content.
Great Podcast Kirk. I started from episode 1 and am on Episode 35. Very methodical in your approach and I have found every episode insightful. Keep up the good work.
Kirk I have been listening to you for about a month and recently became a member of your service. Your teaching and explanations have helped me demystify options and gave permitted me to correct some errors I was making. Thanks so much. Great service folks!
I'm so glad I found your podcast! I listen to them all the time and take notes. I am also a student of your online courses. You give sound advice in this episode by telling us to teach someone who isn't involved with options. I find this method of learning very helpful! Thanks for all you do! Keep up the good work!
Hi Kirk, this is a great Podcast that I have begun listening too, information and explanation is invaluable. thanks Jas