When you place orders for options trades, there are various order types that you must know. Sell to open vs. sell to close orders let your broker know whether you are opening a trade or closing an existing trade. This article will discuss when you should use each order type and why it is essential…
James Cordier’s hedge fund lost $150m from selling options. His investors received an email stating they had lost all their money and owed more to cover a margin call. He then recorded a cringe-worthy apology video where he apologized for ten minutes about how bad he felt. You must learn about the OptionSellers blow up…
SPX and SPY both track the S&P 500 index, but these two financial products have significant differences. The products have different options settlement, contract sizes, and tax treatments. If you are interested in trading the S&P 500, you must understand the differences between the SPX vs. SPY. First, What is an Index A stock index…
Discover the difference between IV rank and IV percentile and how you can add IV rank to the thinkorswim platform. What are Implied Volatility and Historical Volatility Before we get into implied volatility rank (IVR), we must understand implied volatility (IV) and historical volatility (HV). HV is also known as realized volatility. The implied volatility…
If you are learning about selling options and are unsure whether the iron condor or iron butterfly is best, you have come to the right place. Both of these strategies are similar, but there are some differences you must understand before deciding which one you should employ. What Are Iron Condors and Iron Butterflies? Iron…
If you want to start trading options, I created the ultimate guide to generating income with options in this post. You can also learn about technical analysis for options trading to improve your trade timing. Options Trading Terminology Before you learn how options work, you must know all the basic options trading terminology. If you…
The poor man’s covered call strategy (PMCC) is a fantastic method if you want to trade options for income with minimal capital requirements. The PMCC strategy is a bullish trade; therefore, you should use this strategy when you believe an underlying stock will increase in price. Selling Covered Calls The traditional covered call strategy involves…
The wheel strategy, also known as the triple income strategy, is a consistent way to generate income on the stock market. The wheel combines trading options with stocks to outperform the classic buy-and-hold investing strategy. What is the Wheel Strategy The wheel options strategy is a method that combines the cash-secured put and the covered…
Stock market wizard Mark Minervini’s trading strategy won him the U.S. investing championship. Mark Minervini’s Trading Strategy Mark Minervini is known for trading fast-moving growth stocks while implementing a concrete entry and exit strategy. Minervini believes that timing your trades is critical and recommends you combine technical analysis, fundamental analysis, and risk management. Mark Minervini…
Skyrocket your productivity with these hacks. What is productivity? Productivity is the ability to create or provide goods and services efficiently. Productivity hacks can benefit everybody because they raise the real income people are making. Increased income allows people to spend more on goods and services. Additionally, businesses become more profitable. Working efficiently leads to…
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