Author: Mike

A strategy is useless if you lack conviction. What exactly is my SPX trading strategy? I replicate a long SPY portfolio by selling put options on either /MES, SPY, or SPX. Depending on the week, I use a SPY puts strategy and will generally sell to open about 1–2 contracts which are dependent on my…

tastylive is excellent for beginners to learn, but their strategies may not always be great in practice. tastytrade review tastylive produces a lot of content, and their general recommendations about trading options are relatively straightforward. The best thing about tastylive is that their data is based on backtests and qualitative data. Additionally, the tastytrade platform…

Create a trading system with positive expected value. What is Expected Value? The expected value of your trade plan is how much you will profit or lose based on statistics. The expected value is calculated by multiplying the probability of being right times the reward and subtracting this from the probability of being wrong times…

Cash-secured puts are one of the best ways to learn about options trading. What is a Cash-Secured Put? A cash-secured put involves selling a put option and holding cash equivalent to the option’s strike price. If the stock’s price falls below the strike price, the investor is obligated to buy the stock, hence the need…

If you trade options, then you probably understand why options are better than stocks. Stocks vs. Options When you purchase shares of a stock, you cannot adjust your position or cost basis. Of course, you can average down, but this is just adding more money to a bad trade to reduce your basis. If you…