Optionelements – Option Combination Strategies Recorded Course
This course explores a completely different way to manage your option positions.
Using Combinations of tactics to control the Greeks of the Positions
In this course, I teach extensive ways to manage your positions by the Greeks
And How to control The Greeks of your Position in relation to one another
This course covers 8-10 one hour sessions using ON-LINE CLASSES, VIDEOS, PDFS, LIVE TRADING AND HISTORICAL RESULTS.
Learn the Option Elements unique perspective on Combining tactics together to better control the Greeks of your position
Combination Strategies
- Definition
- The difference between a Strategy & a Tactic
- Short & Long
- The problem with singular Strategies
- High Probability
- Low Probability
- Others
Tactic Combinations and the effect on Your Strategy
- Iron Condor’s vs. Combo’s
- Butterflies vs. Combo’s
- Calendars vs. Combo’s
- Combining Butterflies, Credit Spreads & Calendars
- Combining Ratio Spreads, Debit Spreads & Calendars
Why & When to Adjust
- Basic Rules
- Different Types of Adjustments on the Upside
- Different Types of Adjustments on the Downside
- The Importance of Timing
- The Best Methodology for You
Different Styles and Psychology of Each Trader
- Using the “weekly” options in Combinations
- Proper sequence for entering Multi-Leg Combo’s
- Importance of Back Testing & its limitations
- Psychology
- Understanding Probabilities
Preparing a Good Plan
- What it Consists of
- Risk Management
- When to Trade & When not to Trade
- Consistency
The Greeks and their Impact on Combo’s
- Review of the Greeks
- Greek Ratios
- Greek Trends
- How to manage the Greeks
- What it is Key in our Trading
- The importance of Volatility
- Implied VOL and Historical VOL
How to get the Best Executions
- The Importance of Good Executions
- Timing
- Ways to Buy and Sell
- The Role of Market Makers
- The Importance of a Good Trading Platform