The Option Alpha Podcast

Latest Episodes:

225: 1-Year Review of $3k Monthly Iron Condor Bot Apr 05, 2023

Show notes

This week we take a look at the performance of the Monthly Iron Condors ($3k Portfolio) bot template. You might recall that we previously did a deep dive on this template back on Show 214, walking through the strategy setup, the scanner and monitor automation setups, etc. But now that we’ve had it running for a little over a year, we thought it would be help to take a look at how it has weathered this year’s market volatility and explore possible ways to adjust or improve its performance in the future.

Important Notes: This podcast is purely for educational purposes and my exploration of this bot template is not a recommendation or suggestion to use this strategy as your own. Bot performance does not includes in commissions, which might vary from account to account or broker to broker. We encourage you to always do your own due diligence, factor in your own personal situations, and trade strategies you are comfortable with in your account.

So, let's dive in and look at how this strategy has performed in this year's volatility and explore possible adjustments and future improvements. Ultimately, if nothing else, we hope this example helps give you some ideas to help with your own trading.

224: Beginner's Guide to Trading Option Spreads Aug 08, 2022

Show notes

Show Notes: https://optionalpha.com/show224
Option spreads are a simple and flexible, yet powerful strategy for traders. And while spread strategies come in many forms, shapes, structures, and durations, some core elements are present in spread trading generally that new traders should pay attention to. On this week's show, we'll once again slow things down a bit and focus on understanding what option spreads are and how to trade spreads in your portfolio.

223: Building a Bot for All Market Conditions: The "Hexabot" Story Aug 01, 2022

Show notes

Show Notes: https://optionalpha.com/show223
What if you could build an automated strategy that navigates all market conditions? And while we know there is no one-size-fits-all strategy, we believe you can design a bot strategy that assesses the market trend and proactively adapts to current conditions. This "trader's dream" finally manifested itself in a bot template that become the collective “brainchild” of the amazing Community of traders right here at Option Alpha! The Hexabot, as it's now lovingly referred to as, was a labor of love, and we are super excited to share it with you. In today’s episode, we introduce you to the Hexabot and share the entire story of it's origin.

222: A Holistic View of Option Strike Prices Jul 25, 2022

Show notes

Show Notes: https://optionalpha.com/show222
Option strike prices are an absolutely critical concept to master if you're going to seriously trade options at any point in the future. Without a holistic and firm understanding of what strike prices are, how they work, why they are different than break-even prices, you cannot be adequately prepared to safely trade options. And therefore, because we want to help all traders place smarter trades, we've devoted this show to answering your questions around option strike prices.

221: How to Setup & Trade A Synthetic Covered Call Strategy Jul 07, 2022

Show notes

Show Notes: https://optionalpha.com/show221
Starting to trade a covered call strategy is a popular "bridge" for traditional stock traders or investors transitioning to the world of options trading. It's a logical, bolt-on options strategy that has numerous benefits over traditional long stock positions. Today's show digs in one extra level and explores the different setups and ways to trade synthetic covered calls with a particular focus on using call spreads vs. single-leg short calls.

220: Four "Wicked-Smart" Ways to Use SmartPricing Jun 29, 2022

Show notes

Show Notes: https://optionalpha.com/show220
In today's show, I'll walk through four clever, dare I say "wicked-smart", ways to leverage our proprietary SmartPricing technology for routing orders intelligently to the markets. If you're already trading with us at Option Alpha then you'll learn some new techniques that will help improve the efficiency of your bots and automations. If you're not trading with bots yet and are still manually entering all your opening and closing orders yourself, waiting for your trade to fill, canceling and replacing the order with a different price if it doesn't fill, waiting again for the trade to fill, and on and on, then you'll love how much time you save when you start using SmartPricing.

219: How to Calculate Break Even Prices for Option Strategies Jun 23, 2022

Show notes

Show Notes: https://optionalpha.com/show219
Calculating break even prices for different option strategies isn't as complicated and overwhelming as it might seem. Yes, you do need to perform some basic math functions to find different break even prices but it's certainly not rocket science. Plus, it's an invaluable concept to master because it's critical to your success as a trader. In today's show, I'll help you understand what break even prices are and how to calculate them for all of the most popular option strategies. Yep, that's right, we're going to walk through everything together step by step so you can finally master it once and for all. Let's get started.

218: How to Survive Bear Markets Trading Options Jun 15, 2022

Show notes

Show Notes: https://optionalpha.com/show218
In life there are three things that are certain; death, taxes, and bear markets. For many new options traders, the current bear market we've found ourselves in might just be your first. An inconvenient reminder that risk is present when trading, particularly when trading options. But alas, as the old saying goes, "It's just part of the game..." and my goal today is to make sure that this bear market isn't your last. That's right, I want to help you survive this bear market, maybe even thrive in this volatility, and ensure that you live to trade every bear market that comes in the future.

217: Shop Talk: Autotrading Expectations, Trading Routine and Consistency, and Market Update May 05, 2022

Show notes

Show Notes: https://optionalpha.com/show217
Hey everyone this is Kirk here again from optionalpha.com, working every single week to make this the most popular investing podcast offered online because it's based on one thing and one thing only and that's. . . Helping you consistently place SMARTER trades. Thank you so much again for tuning in and welcome back!

216: Shop Talk: Twitter Bid, Oil Volatility, and Strategy Selection Apr 25, 2022

Show notes

Show Notes: https://optionalpha.com/show216
Hey everyone this is Kirk here again from optionalpha.com, working every single week to make this the most popular investing podcast offered online because it's based on one thing and one thing only and that's. . . Helping you consistently place SMARTER trades. Thank you so much again for tuning in and welcome back!

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