The pre-earning straddle plan is the system available to members, and it replaces the CAT straddle system. This document is more than a name change; it now includes information on the advanced form of trade management that improves the entries and exits, as well as providing detail on how to adjust the strategy during the trade.
Short video - Placing a dynamic collar adjustment with the broker.
This short video shows how I placed an adjustment on the clubs' current MSFT dynamic collar paper trade using my Interactive Brokers paper trading account. The screen layout shown is my custom built view that was created in the Interactive Brokers mosaic window.
This session examined the recent pre-earnings straddle on CAT, and explained some methods to improve the entry, adjustment and exit outcomes when trading straddles and strangles. The resulting trade provides lowered cost and risk as well as improving profits.
This session examined the Mastering Wealth collar, which is really a "synthetic reverse calendar" options strategy. This strategy provides a very low risk to the traders capital, with subsequent low returns. However, it may suit some traders as an opening strategy to acquire stock at very low risk.
This session is an introduction to the "Ratio backspread" and "Ratio spread" options strategies. The "Ratio backspread" is a useful stock hedging strategy.that keeps the stock upside potential intact whilst providing protection against strong pullbacks. The "Ratio spread" is a great adjustment strategy that can be used to lock in profits on a long options, or to undertake a stock repair strategy.
The recording of the meeting/webinar, "Tapas of trading", has been posted and is now available for members to watch. It was a myth busting session that dispelled the myths that 90% of options expire worthless, and the Mark Twain phenomenon. But during the session a discovery was made, and a new trading system was born.