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Rank #102 in Investing category

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The Option Alpha Podcast

Updated 1 day ago

Rank #102 in Investing category

Business
Investing
News
Business News
Read more

We are on a mission to help you make smarter investments and trades – it’s just that simple. So if that means pulling back the curtain on everything you know (or thought you knew) about options trading and the stock market then so be it.

Read more

We are on a mission to help you make smarter investments and trades – it’s just that simple. So if that means pulling back the curtain on everything you know (or thought you knew) about options trading and the stock market then so be it.

iTunes Ratings

690 Ratings
Average Ratings
636
22
8
10
14

Option Alpha best service truly after trying many

By Thinkplayj - Sep 19 2019
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Kirk and his team just care. They really want to teach you and they are not constantly trying to sell you yet another service just RE-branded with a different name

One of my regular shows I listen to

By DriftingMama - Sep 18 2019
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Really enjoy this podcast. My only suggestion would be to slow down a bit or lay off the caffeine a bit. I joke about that last bit. You have a lot of great content and it is very well organized but the value is sometimes lost when you deliver it so quickly as though in a rush to be done. Try a more measured delivery in your speech. Drink some kava instead of java. I am one of the few female traders that listens to your show. We are are a slow growing crowd in trading. Also, I would absolutely love more shows on covered calls, especially with dividend stocks. This is one of the strategies I use the most and it has served me well. Especially in growing my Roth IRA retirement account. No taxes on any of the gains! Thank you!

iTunes Ratings

690 Ratings
Average Ratings
636
22
8
10
14

Option Alpha best service truly after trying many

By Thinkplayj - Sep 19 2019
Read more
Kirk and his team just care. They really want to teach you and they are not constantly trying to sell you yet another service just RE-branded with a different name

One of my regular shows I listen to

By DriftingMama - Sep 18 2019
Read more
Really enjoy this podcast. My only suggestion would be to slow down a bit or lay off the caffeine a bit. I joke about that last bit. You have a lot of great content and it is very well organized but the value is sometimes lost when you deliver it so quickly as though in a rush to be done. Try a more measured delivery in your speech. Drink some kava instead of java. I am one of the few female traders that listens to your show. We are are a slow growing crowd in trading. Also, I would absolutely love more shows on covered calls, especially with dividend stocks. This is one of the strategies I use the most and it has served me well. Especially in growing my Roth IRA retirement account. No taxes on any of the gains! Thank you!
Cover image of The Option Alpha Podcast

The Option Alpha Podcast

Updated 1 day ago

Rank #102 in Investing category

Read more

We are on a mission to help you make smarter investments and trades – it’s just that simple. So if that means pulling back the curtain on everything you know (or thought you knew) about options trading and the stock market then so be it.

Rank #1: OAP 088 : Is High Probability Option Trading The Holy Grail Of Investing?

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Show notes: http://optionalpha.com/show88

Newbie traders and investors who make the transition over from stocks to options often become overly confident and excited that magically they've discovered the "Holy Grail Of Investing" in a high probability option trading system. Surely no system or investing methodology is perfect and options trading has its own challenges. The goal for me today in this new show is to present both the benefits and drawbacks of a high probability investing system like the one we teach (and execute personally) here at Option Alpha.

Apr 10 2017
16 mins
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Rank #2: OAP 061 : Interview w/ Cameron Skinner - How He Earns 22% Annually Selling Options Every Day

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Show notes: http://optionalpha.com/show61   I’m just going to come right out and say it - today’s show is going to blow your mind. Not because we are talking about some crazy complicated strategy or options pricing model, but because we’re talking about a dead simple system for selling options every day that generates 22% per year since 2009. And what’s so fascinating for me, the host of the show, is how calm and cool our special guest is talking about his strategy. It’s just so mechanical and systematic it’s almost boring (well not for me but maybe some people might think so).   In today’s show I’ll be interviewing an incredible trader, real estate entrepreneur and patriot. You’ll hear how this former Army Officer who served in Iraq in 2003, subsequently awarded a Bronze Star, used his “options” experience in real estate to start selling covered calls. Eventually he transitioned into selling credit spreads on the major indexes and continues to generate consistent income with an annual average return of 22% per year. So yeah, you should listen to today’s show - and of course forward it to at least 3 other people you think need to hear it right now.
Sep 12 2016
36 mins
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Rank #3: OAP 004 : How To Hack The Options Trading Learning Curve In 3 Months

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In this session of The Option Alpha Podcast I'm going to give you a complete step-by-step guide to learning how trade options in 3 months. You'll learn to focus on 1 concept each week for 12 weeks.

Oct 25 2014
24 mins
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Rank #4: OAP 079 : How To Trade Calendar Spreads – The Complete Guide

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Show notes: http://optionalpha.com/show79

Today's podcast is all about learning how to trade calendar spreads. And while newbie traders might find them a little difficult to understand conceptually at first, I think you'll find our talk today to be incredibly helpful as we break down these time spreads from start to finish. During the show, I'll walk through setting up and building calendar spreads, the impact of implied volatility and time decay, how to adjust and exit as well as the best market setups for these low IV option strategies.

Jan 16 2017
43 mins
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Rank #5: OAP 084 : Why We Ladder Or Stack Option Trades Over Time & Price

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Show notes: http://optionalpha.com/show84

For years we’ve talked about the need for increasing your trading frequency. In today’s podcast, we want to re-introduce the concept of stacking or laddering option trades over time and price. More importantly, we’ll talk about why our extensive backtesting (and current experience) proves that when you break down your trade entry into smaller and smaller chunks, the overall performance of the trading system increases dramatically.

Feb 25 2017
23 mins
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Rank #6: OAP 154 : The 17 Most Asked Questions By Option Alpha Members w/ Answers

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Show notes: http://optionalpha.com/show154

We get a lot of emails each day - I'm talking hundreds of emails. Naturally, seeing so many questions and comments come through the system, we found that these 17 top questions keep coming up again and again. So, in an effort to help you, and our team reduce the support inquiries, I'm recording answers to each of these questions in today's show.

Feb 13 2019
51 mins
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Rank #7: OAP 101 : The Ultimate Guide To Profitably Trading Options Full-Time

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Show notes: http://optionalpha.com/show101

I believe that on some level every new trader dreams of trading options full time and not working a regular job. The reality is however, that you're need a lot of capital before you make the leap to full time trading and that means you'll have to learn how to effectively trading options while working your day job. Hard as it may seem at first, working full time and trading options is not that complicated nor is it impossible if you're smart about your time and the strategies you focus on. In today's show I want to cover 10 questions that our community members asked with my answers as to how I suggest working options trading into your busy work schedule. Note also that I also work a full time job as a stay at home dad to two little girls while running our massive community of 60,000+ traders. I've also had to learn to be incredibly efficient with my time actually making trades just like you.

Aug 02 2017
35 mins
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Rank #8: OAP 068 : VIX Index - How To Trade Volatility w/ Mark Sebastian from OptionPit.com

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Show notes: http://optionalpha.com/show68   Naturally, if you’ve started trading options for any reasonable amount of time you’ll run across the VIX index. Or as it’s commonly referred to, the “Fear” Index. And while the concept of tracking and trading volatility with the VIX might sound intimidating at first, trust me, it’s not all that complicated and just requires a little common sense.   In today’s podcast, we’ve brought on a very special guest, Mark Sebastian, a former floor trader, hedge fund manager and the guy behind OptionPit.com. What’s great about Mark is that not only does he have a lot of experience as an options trader, but he’s also got a lot of specialized knowledge when it comes to the VIX and volatility products like VXX, UVXY, and VXZ that I know you’re going to love.   During the show, we’ll talk about the history of the VIX, how the index is priced, how the VIX futures term structure accounts for mean reversion and some simple strategies you can use to trade volatility with a higher probability of success. So, don’t be afraid to dig into this podcast this Halloween - Mark and I have some yummy volatility treats waiting for you (okay I just had to throw that in there given the release date).
Oct 31 2016
50 mins
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Rank #9: OAP 135 : You Don't Need A Degree In Financial Engineering To Understand How Implied Volatility Works

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Show notes: http://optionalpha.com/show135

Today we'll condense potentially an entire semester of financial engineering into a single podcast episode. The goal being to help completely understand how implied volatility works, why we need it, where it comes from, and how we can profit from it as option sellers. This show is a little longer than normal but I think the time spent walking through the foundational elements of implied volatility and it's impact on option pricing are critical for anyone interested in generating long-term income as an option seller. I encourage you also to listen to this episode multiple times if needed. Enjoy!

Jun 20 2018
45 mins
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Rank #10: OAP 138: The "Expected Probability Paradox" For Options Traders

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Show notes: http://optionalpha.com/show138

I'm going to go out on a limb and publicly declare that this podcast will be one of our top 3 to 5 shows we ever recorded. Aggressive and overly confident, maybe - but I have absolutely no doubt this podcast episode will be a game-changer for hundreds of thousands of options traders. The expected probability paradox for options traders, as I have coined this problem, is one of the most understood aspects of option selling and premium strategies. The root of this problem starts with the misunderstanding of initial strike price probabilities, perfect pricing of option spreads, and the impact of implied volatility on when rates and drawdowns. On today's show, we are going to dive deep into the three main areas of the expected probability paradox to help you understand why option selling, even in its purest form, even if you cannot find perfect pricing, still outperforms the market. We'll also talk about why laddering in some additional active management strategies such as profit-taking and making adjustments or rolling trades helps stabilize portfolios and increase returns. Put simply, skip this show at your own risk.

Aug 06 2018
53 mins
Play

Rank #11: OAP 083 : The Casinos Edge & Why They Spent $45 Every Hour To Keep You In Your Seat

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Show notes: http://optionalpha.com/show83

A casino's edge ranges from 0.5% for blackjack to as high as 17% for some slot machine games. Now, of course, this edge may or may not play out on the first, second, or tenth roll of the dice. But they are not in it for the short-term game. You see, the casino doesn't have to beat every player every time. They just know that they'll win their mathematical edge so long as enough bets are placed each year.   It's precisely why casinos offer huge incentives to get you to come back with free show tickets, free meals or even free hotel rooms. It's why the force table limits on how much you can bet on each hand and why they give you free drinks for playing. While you might think it's just them being nice, it's not. It's an investment they know pays huge dividends. In fact, on average casinos spend up to $45 each hour to keep you sitting in your seat and betting money.   Now, I frankly don't care if you like or hate casinos because the reality is that it's an insanely profitable business model based on simple math and expected outcomes. As options traders, we can learn a lot about how we should run our own trading business from casinos. In today's show, I want to walk through some of the most important takeaways that you can apply right now to your trading system and invite you to open your mind and try to see the big picture strategy.
Feb 13 2017
29 mins
Play

Rank #12: OAP 072 : Options Trade Adjustment - How To Unemotionally Adjust Trades That Don't Go Your Way

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Show notes: http://optionalpha.com/show72

You've entered a new option trade with a high probability of success - but you also know that a 70% chance of success doesn't mean it's a sure thing. As soon as your order fills the stock starts to move against your position - just your luck right? And each subsequent day the stock continues to trend closer and closer to your strike prices, threatening your position. At this point, you're starting to get pretty emotional about the whole thing and don't know what to do or how to adjust it.   When do you pull the trigger and make an adjustment? Do you do it now or is it too soon? If you wait, what if you miss an opportunity? How much time is left until expiration? Are you taking in enough of a credit to reduce the overall risk? Is it worth it to even adjust at all right now?   Believe me; I get it, and I know that these are just some of the questions circling in your head when presented with this situation. That's why in today's podcast episode I'm going to take you through three specific triggers you can implement right now to help you start making smarter, more unemotional option trade adjustments when a stock starts moving against you. You'll also hear why I favor trigger #1 over the others as it's a more mechanical and systematic.
Nov 28 2016
24 mins
Play

Rank #13: OAP 127 : What Contract Month & Option Strike Price Should I Buy Or Sell?

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Show notes: http://optionalpha.com/show127

You're ready to place an option trade and you're confident the stock is a good candidate. Now what? With dozens of contract months and hundreds of option strike prices to choose from - which ones do you select? In today's podcast, we'll help bring some more light to the "dynamic approach" we now use at Option Alpha for each and every trade we place. The framework and concepts around dynamic contract month and option strike price selection can help dramatically improve your long-term performance and reduce portfolio volatility.

Apr 23 2018
24 mins
Play

Rank #14: OAP 070 : How To Manage Trades During Options Expiration Week - Close Or Roll?

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Show notes: http://optionalpha.com/show70

We’ve reached yet another options expiration week, which can sometimes cause many traders to freak out as they worry about positions that are still lingering in their portfolio. And with the deadline for expiration quickly approaching it's no wonder why many people are incorrectly managing trades with the fears of assignment knocking on their doorstep. Either rushing to close position that shouldn't be closed or waiting too long to act and putting them at risk of a massive "gamma move" in the underlying option's price.   Typically by the time we reach expiration week we've closed positions that hit our profit target and adjusted positions that have gone against us. But as we near the third Friday of every month, we have to come face to face with the realization that some trades just haven't worked out as we might have hoped. In today's episode, I want to help you create a checklist for deciding which positions to close or roll during options expiration week. In particular, I want to walk you through my thought process on which trades I focus on closing first and how I ultimately decide if a position should be rolled to the next expiration month.
Nov 14 2016
23 mins
Play

Rank #15: OAP 092 : Position Sizing Impact On Returns [TLT Iron Condor Backtest]

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Show notes: http://optionalpha.com/show92

I've said it for years, position sizing matters in a high probability system. Much more so that you would believe and today's show is the first in a new mini-series we are doing leading up to the launch of our new backtesting software. Inside we'll cover a case study using and iron condor backtest we ran on TLT including the impact on returns that altering the position size had on the portfolio.

May 25 2017
23 mins
Play

Rank #16: OAP 074 : How To Trade Straddles & Strangles In Small Brokerage Accounts

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Show notes: http://optionalpha.com/show74

Most newbie option investors start trading with small brokerage accounts. Whether by choice or necessity, the average investor opens up their account with approx $10,000 according to most brokers. And while this isn't a small amount of money by any means, it does limit your ability to trade more aggressive options strategies like straddles and strangles.   In today's podcast, I want to help you understand how you can still trade these more aggressive and profitable options strategies (synthetically with small tweaks) even if you've got a small account or are trading in and IRA. Specifically, I'll answer a bunch of common questions I get from new PRO members including; What if I can't trade straddles and strangles? How do I adjust the trading alerts to fit my portfolio? Should I scale position sizes down or up (# contracts)? What about spread width - go wider or more narrow? What if the commissions are eating too much into the profit after closing at 50%?   Sure, it might take a little more time to grow and mature an account but don't jump ahead or try to "game" the system. Eventually, the math and probabilities always play out the way they should, and you've got to learn how to build profitable strategies today if you plan on still being around in five or ten years from now.
Dec 17 2016
32 mins
Play

Rank #17: OAP 053 : The 1 Hour Per Month Options Strategy That Beat The S&P 500 by 24%

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Show notes: http://optionalpha.com/show53

What if there was an options strategy that took just 1 hour per month to implement and actually beat the S&P 500 benchmark index both in performance and with less overall portfolio volatility? What if that one strategy was available to any trader, regardless of your account type or size? 

You see, I believe you work too dang hard for your money and it doesn’t take a fancy financial planner or sophisticated mobile app to help you generate higher returns with less risk. All it takes is less than 1 hour per month. Yes, less time that it takes you to aimlessly scroll through your Facebook or Twitter feed.   Well, you can stop day dreaming because it’s a reality and in today’s podcast episode I’ll walk through the exact strategy that beat the market. No fluff. No smoke or mirrors; just cold hard facts. I’m sick and tired of people trying to tell me that options trading doesn’t work because today’s episode crushes every one of these unsubstantiated myths about trading.   Listen in and if you think this episode would be helpful to someone else, please help us spread the word here at Option Alph by sharing it with them. I mean how often can you share something online that actually helps someone make more money, with less risk? You just might become their new best friend!
Jul 21 2016
24 mins
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Rank #18: OAP 086 : Changing Options Strategies When Trading Inverse ETFs

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Show notes: http://optionalpha.com/show86

Trading inverse ETFs and leveraged ETFs are becoming more and more popular with retail traders. Maybe it’s the appeal of quick profits with 2X and 3X leveraged securities like FAZ (Ultra Bear 3X Financials) but the should we adjust our options strategy for these unique products? I think we should for good reason.   In today’s newest podcast I’ll cover the three different ways you should adjust your options strategy when trading these products to take advantage of their mostly negative pricing structure and hedging potential. While we don’t trade these often by any stretch here as part of our income strategy, there are instances where they become useful and we’ll cover that specific setups in the show. Enjoy!
Mar 13 2017
19 mins
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Rank #19: OAP 155 : Ask Yourself These 7 Questions Before You Put On An Options Trade

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Show notes: http://optionalpha.com/show155

Everyone loves a good options trading checklist right? Well, here are the 7 questions you should ask yourself before you put on an options trade. Answer each one over the next week and you'll build a strong habit that will keep your positions and portfolio in check before you put your hard earned money at risk.
Mar 17 2019
27 mins
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Rank #20: OAP 081 : Why More Fundamental Investors Should Trade Options & The Netflix Effect

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Show notes: http://optionalpha.com/show81

Fundamental investors are like the wooly mammoth; big, strong, powerful, yet destined to become extinct in the future. And while there is absolutely nothing wrong with the core beliefs and activities of fundamental investors, I just personally believe that the same passion and hard work could be applied to the options market with much better results and less risk. Besides, even Warren Buffett, the biggest advocate for fundamental investing and long-term investment strategy is by many standards the single largest options seller in the market today.   Nobody asks him about his $5 billion dollar short option trades, do they? Not yet anyway since we'd love to have him on the podcast.   In today's latest show, I want to present the case as to why I believe that more "old school" fundamental investors should become professional options traders instead. In fact, you'll see that there are many similarities between options trading and a long-term, buy and hold stock investor. Plus, I'll quickly rant about the "Netflix Effect" and how technology and social media is rapidly changing the landscape for all businesses in the future.
Jan 30 2017
26 mins
Play

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