Kevin is our Successful Options Trader of the Month for December 2015 and Premium PLUS Skype group moderator. You can see his presentation at https://www.lockeinyoursuccess.com/successful-options-trader-of-the-month-dec-2015-kevin/ Grab a FREE 30 day trial of OptionVue to try this out at: https://www.lockeinyoursuccess.com/optionvue-trial/ Another article by Kevin about “How Implied Volatility Shifts Affect Butterflies” at: https://www.lockeinyoursuccess.com/how-implied-volatility-shifts-affect-butterflies/
Butterfly
Trading Enough, And Time…
I recently had the honor of being selected as Trader of the Month (got The Hat!) and was asked a really excellent question at the end of the webinar. Alas, my response was mediocre. Happily, I have this opportunity to expand upon my thoughts and hopefully redeem myself. The question was how did I define […]
The Road Trip Trade
Clark Griswald (talking about Aunt Edna): She can’t weigh more than 100 pounds. Ellen Griswald: Oh no. You can’t just put her on the roof. Audrey Griswald: Yes, he can! Clark Griswald: You want me to strap her to the hood? She’ll be fine. It’s not as if it’s going to rain or something. Ah…Family Vacation. We […]
So, what do you do for a living?
“I’m just going to say one word…plastics. There’s a great future in plastics.” Quote from the movie, The Graduate As any full time trader knows or as any new trader will soon discover, there will come a time when you will be asked what you do for a living. I wish it were as easy as […]
But it’s a Negative Vega Trade!
“But it’s a negative vega trade, so doesn’t it lose money as the underlying goes down?”. File this with the Neiman Marcus cookie recipe, Nigerian scams and Mark Zuckerberg giving away money if you post a thank you. I’m not entirely sure why poor vega got such a bad rap; you never hear someone saying, […]
Portfolio Draw Downs
“Not even God could sink this ship” – Quote regarding the Titantic That was the belief at that time of the almighty Titantic. We all know what happened…the best built ship in the world sunk. Oh yeah, we watched Leonardo hang out with the “high class” before paying the bill in the end. Trading lesson: […]
