Kirk Du Plessis - Podcast Details

Shows

Alternative Investor MastermindOption Alpha: A Better Way To Trading Options With Kirk Du PlessisWhen it comes to trading options, you need to be educated first before you take action. But with options trading, you may understand a strategy's ins and outs but still mess up in the execution. This is why people gravitate towards index funds and mutual funds because somebody else has to do it. With Option Alpha, everything changes with the help of automation and bots. Join Jack Krupey as he talks to the Founder and CEO of Option Alpha, Kirk Du Plessis. Kirk helps people automate their trading strategies. Tune in to learn how Option Alp...2022-10-1243 min

The Shane Sams Show112: Level Up Your Business w/ Kirk Du Plessis!How do you take your online business to the next level? We’ve got some tips to help you get there! What you’ll learn in this episode: Content drives everything How to level up your business Life/work balance Let your audience tell you what they need This week’s guest on The Shane Sams Show is Kirk Du Plessis, founder of Option Alpha: a company devoted to empowering traders with simple, powerful tools supported by world-class research and education. We discuss everything from how we met to Stranger Things to parenting and bu...2022-07-1447 min

The Shane Sams ShowHow To Price Products in Your Online Business! (w/ Kirk Du Plessis)When running an online business, how do we figure out what to give away for free and what to sell? And how do we determine what the prices should be? What you’ll learn in this episode: What content to give away for free How to use tiers in your membership How to run your membership like a glacier Why you don’t need to spend money on advertising How to price products in your online business How to get organic and direct traffic Kirk Du Plessis is not only a great friend but the foun...2022-06-301h 32

The Option Alpha Podcast217: Shop Talk: Autotrading Expectations, Trading Routine and Consistency, and Market UpdateShow Notes: https://optionalpha.com/show217Hey 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!2022-05-0537 min

The Option Alpha Podcast216: Shop Talk: Twitter Bid, Oil Volatility, and Strategy SelectionShow Notes: https://optionalpha.com/show216Hey 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!2022-04-2555 min

Rhodes To WealthOption Trading 101 With Kirk Du PlessisThere are so many roads to wealth to explore, but the amount of information out there can be quite overwhelming to take, leaving many to back out. One of those is options trading, and tackling this financial instrument in this episode for the first time, Joshua Rhodes sits down with a true thought leader in the industry and the founder and CEO of Option Alpha, Kirk Du Plessis. Here, Kirk guides us through options trading 101, giving us the necessary information to understand this complex topic. What is options trading? How involved does one need to be in the process...2021-02-091h 12

Bigger Cash Flow PodcastBigger Cash Flow Podcast 080: Maximize your returns while mitigating risk w/ Kirk Du Plessis, Option AlphaShow notes:Kirk Du Plessis is the founder and CEO of Option Alpha, an options trader, entrepreneur, and angel investor. Option Alpha, an Inc. 500 company, is an online education and coaching platform for investors interested in learning more about the financial markets and derivative options. Kirk is also the host of "The Option Alpha Podcast." Where he educates and helps investors make smarter and more profitable trades.On this episode you'll learn:-Kirk's background and how he got started-Kirk's transition from full time W2 to his own business...2020-12-0637 min

The Option Alpha Podcast189: We're Launching The 1st Automated Trading Platform for OptionsNEW Beta Site is Live: https://beta.optionalpha.comToday’s show is a massive announcement – we are officially announcing that we have our launch dates set for our new auto-trading platform. Today on the show, we’re going to answer some common questions that we've been getting around the new platform and we're also going to start going through some of the features that you are going to love about it.We have all the information you need right now about the platform and how to use its new features on https://beta.optionalpha.com.2020-09-061h 05

Wealth Matters By Alpesh Parmar092: Strategies for Option Trading with Kirk Du PlessisKirk Du Plessis is a full-time options trader, real estate investor, stay-at-home Dad. In addition, he is also a trading coach. His background and experience include time on Wall Street as an investment banker, a senior stock analyst, and a senior loan officer. He is the Founder and Head Trader at Option Alpha, It is an online education and training platform for options traders. They cater to students from 42 different countries around the world. In this podcast, he will discuss strategies for option trading. Aside from online education, Option Alpha is also a coaching platform for investors...2020-09-0340 min

The Option Alpha Podcast188: Options Trading Taxes For All TradersShow notes: http://optionalpha.com/show188Ah, taxes, a dreaded but necessary part of investing and trading. And although you might be inclined to skip this week's show, I'd encourage you to dive in because, even for me personally, this discussion helped clarify and re-solidify concepts that were mildly opaque. After all, tax concepts and terminology can get complicated fast and our goal is to help educate and explain things so that it's useful to you moving forward. Plus, I brought in a special guest to help chat through the different sections and I know you're going...2020-08-101h 17

The Option Alpha Podcast187: 15 Options Expiration Questions AnsweredShow notes: http://optionalpha.com/show187We get a lot of questions around options expiration - hundreds and hundreds each week. Yet, the same vital few seem to float to the top consistently so we're pulling these 15 questions into this week's podcast episode to help you understand and effectively navigate options expiration. And in the off chance, we didn't answer your question during the show, you can always reach out to us anytime for help and support. If you're going to trade options, you can't avoid going through expiration. So, if you're going to trade options, you...2020-08-0334 min

The Option Alpha Podcast186: Vacation Checklist for Option TradersShow notes: http://optionalpha.com/show186Summer vacations are in full swing and as everyone rushes to their favorite social distancing hot spot, traders are often left wondering what to do with their positions and trades while away. And since we cannot build automated and trigger-based strategies yet, though it's coming soon from Option Alpha, we wanted to help with a simple but effective checklist you can use to square up your account before going off the grid. Make no mistake though, this checklist isn't just for when you go on vacation, it's also a great workflow...2020-07-2729 min

The Option Alpha Podcast185: How To Execute And Fill Options TradesShow notes: http://optionalpha.com/show185Filling option trades can often feel like pulling teeth. While some trades and orders get through easily and without issue, others are incredibly stubborn and hard to get filled. To add to your frustration, the entire order execution process appears to be just another confusing black box. There's seemingly no rhyme or reason why this trade got filled but that one didn't? So this week's show is dedicated to shining a light on order filling for option trades and helping to demystify what is otherwise a simple market process.2020-07-2050 min

Highley InvestedEp. 47 with Kirk Du PlessisEpisode 47 brings you Kirk Du Plessis, the founder of the investment education platform OptionAlpha.com. Kirk is a former investment banker and financial professional with experience in all areas. He's done mergers and acquisitions, REIT analysis and mortgage planning and decided to pave his own way in financial education. What started as a blog in 2007 for him to document his trading has turned into Option Alpha, an industry leading education site for options trading with over 225K active readers and traders. Listen to our conversation to find out how his hobby evolved into a business, what direction he sees t...2020-07-1652 min

The Option Alpha Podcast184: Adjustments Followed By Assignment [FXI Case Study]Show notes: http://optionalpha.com/show184Adjusting trades that move against you can be hard enough. Choosing how to adjust and when to pull the trigger complicates what otherwise was a simple trade to start with. Now, throw in an early assignment to the mix and you've got quite the convoluted option trade on your hands. Sounds daunting already doesn't it? But fear not. Complicated and complex trades like the one that happened to us in FXI the other month give you a great opportunity to learn and grow as a trader. On today's show, we'll walk...2020-07-1350 min

The Option Alpha Podcast183: The Predictive Power of Investor SentimentShow notes: http://optionalpha.com/show183Be fearful when others are greedy, and greedy when others are fearful. This classic Buffett quote had echoed though the ranks of investors for decades. But does that data support the methodology? Does investor sentiment, which for many investors is widely considered a contrarian indicator, have enough predictive power to warrant our time and attention? In today's show, we'll explore investor sentiment from all angles and help discover which readings, if any, give predictive power to future stock market returns or trends.2020-07-0639 min

How to Trade Stocks and Options Podcast with OVTLYR LiveKirk Du Plessis: Dangerous Beginner Trading Mistakes To Avoid with Option Alpha FounderKirk Du Plessis: Dangerous Beginner Trading Mistakes To Avoid with Option Alpha Founder How to Trade Stocks & Options Podcast Ep. 350 Kirk Du Plessis, founder and head trader at OptionAlpha.com joins the podcast this week to talk about Dangerous Beginner Trading Mistakes to Avoid. Kirk Du Plessis has a long background in trading and his website, Option Alpha was the gateway for me to start 10MinuteStockTrader.com. We cover all kinds of topics but spent a large amount of time on trading beginner mistakes to avoid How traders can set themselves up for success or fa...2020-07-0329 min

The Option Alpha Podcast182: Trading Psychology & Emotional Intelligence for Options TradersShow notes: http://optionalpha.com/show182Greed, fear, FOMO, anxiety, panic, over-confident, stubbornness, impatience. These are just a few of the frequent emotional and mental states that traders find themselves in. And while we cannot avoid these emotions and thought processes, we can learn to manage them through emotional intelligence. This week's podcast was curated to help you learn how to more effectively recognize and manage the dozens of emotional and cognitive responses you'll come across in your trading career.2020-06-2947 min

Top Dog TradingInterview with Option Alpha Head Trader Kirk Du PlessisIn this Podcast, Option Alpha Founder, Kirk Du Plessis, and Top Dog Trading Founder, Barry Burns discuss Options Trading. Enjoy! Get One of my Favorite Trade Strategies for Free:“The Rubber Band Trade.” Today you’re going to get 2 Freebies: #1. Get one of my favorite Top Dog Trading strategies called “The Rubber Band Trade” which has an extremely high win/loss ratio. It’s a simple trade you can learn in about 26 short minutes. Get my Rubber Band Trade Strategy absolutely free by simply going to: www.RubberBandTrade.com This trade strategy is so good that I personally use it every day it...2020-06-2545 min

The Option Alpha Podcast181: Correlation Research Suggests Diversification Fails When You Need It MostShow notes: http://optionalpha.com/show181There's an old saying in investing that a "rising tide lifts all boats." And while that might be true, when the tide goes out, all the boats sink and fall just as fast as they rose together. Still, you'll hear the pounding of drums in the name of classic diversification as the portfolio savior during these downturns. Our research suggests, however, that even a well-diversified portfolio can still completely blow up just when you need it to protect you most.2020-06-1858 min

The Option Alpha Podcast180: The Best Covered Call Management TechniquesShow notes: http://optionalpha.com/show180You've got your prized covered call setup and it's working in your account - now what? How do you manage or adjust the position in different market scenarios? Lucky for you, we are going to review the best-covered call management techniques on today's podcast. And if you think this show is just for stock traders, you'd be wrong, because proper covered call management could be a lifesaver for options traders who get assigned and are forced to deal with stock.2020-05-2035 min

Value Hive PodcastHow To Create Your Own Float w/ Kirk Du Plessis, OptionAlpha (Episode 25)This episode is brought to you by TIKR. Join the free beta today at TIKR.com/hive Can't believe we've made it 25 episodes! We couldn't have done it without our AMAZING followers and guests. I know everyone likes to say that, but it's true. You, our listeners don't download episodes to hear my endless drivel. And you, our guests, don't come on the show without knowing your voice will be heard. We're creating a tremendous flywheel and we're just getting started! This week we feature our conversation with Kirk Du Plessis, fo...2020-05-151h 40

The Option Alpha Podcast179: LEAPS Option Contracts - A Complete Guide For TradersShow notes: http://optionalpha.com/show179You've got your prized covered call setup and it's working in your account - now what? How do you manage or adjust the position in different market scenarios? Lucky for you, we are going to review the best-covered call management techniques on today's podcast. And if you think this show is just for stock traders, you'd be wrong, because proper covered call management could be a lifesaver for options traders who get assigned and are forced to deal with stock.2020-05-1546 min

Limit Up! PodcastBear Market Options Trading with Kirk du PlessisAfter two months of huge declines, the market has seen some slight rallies in the last few weeks. Not enough that we would say we’re out of the woods, but enough to offer some hope for freaked out traders everywhere.On this week’s episode of Limit Up! Jack and Dan spoke to Kirk du Plessis of Option Alpha to find out how it’s going for options trading. Kirk has noticed that the current volatility is attracting passive investors lured in by the bullish trap. But it’s important to remember that no one, not even War...2020-05-1458 min

The Option Alpha Podcast178: Box Spread Basics for Options TradersShow notes: http://optionalpha.com/show178Box spreads and arbitrage strategies are often synonymous with one another and referenced interchangeably in the options trading community. And after all, who doesn't want a risk-free way to earn money right? But like all things that seem too good to be true, box spreads carry some serious risks if you're not careful in how you set them up. Today's show then focuses exclusively on box spread basics for options traders.2020-05-0944 min

The Option Alpha Podcast177: The Trader's Guide to Index OptionsShow notes: http://optionalpha.com/show177Index options have continued to grow in popularity. Potentially because they are easy to use, available in highly liquid markets, have favorable tax treatment in some cases, and offer a simple settlement process. Therefore, we've dedicated an entire show to help you understand what index options are, how they work, how they are different from equity options, and what you need to be aware of if you decide to start trading them in your portfolio.2020-04-2235 min

The Option Alpha Podcast176: Protective Put Strategy Researching FindingsShow Notes: http://optionalpha.com/show176Hedging stock positions can be tricky business. One of the most common schools of thought is to use a simple protective put strategy whereby a stock investor would simply purchase a long out-of-the-money put option to act as "insurance" in case the stock fell. Sounds logical but we're skeptics here at Option Alpha and so we went on a hunt to see what research and data say about the protective put strategy and it's effectiveness at protecting or hedging stock positions.2020-04-1538 min

The Option Alpha Podcast175: The Impact of Volatility On OptionsShow Notes: http://optionalpha.com/show175Stock trading is easy to understand conceptually because it's one-dimensional. Either the stock goes up or it goes down. Clear and simple, at least from a trading and profit or loss perspective. Options trading, however, is multi-dimensional. Price, time, and volatility all impact the value and price of an options contract. On today's show we're selectively choosing to highlight the impact that volatility has on options because, as we've seen in the 2020 market collapse, if you're not managing volatility, it could become your worst nightmare.2020-04-0851 min

The Option Alpha Podcast174: We Stopped Trading Earnings After We Saw This New ResearchShow notes: http://optionalpha.com/show174Earnings season comes around four times a year for stocks, and as traders, we've always loved the idea of trading these events for the crush in implied volatility and quick potential moves in option strategy positions. However, after analyzing 1,546 earnings events across 40 underlyings over 10 years we decided to stop trading earnings events completely. In today's podcast, I'm going to walk through the research on earnings moves, and how different options strategies performed under various setups and conditions.2020-03-311h 05

The Option Alpha Podcast173: The Misbehavior of Markets - Exclusive Interview w/ Co-Author Richard HudsonShow notes: http://optionalpha.com/show173We're excited and honored to have a very special guest this week on the podcast, Richard Hudson, co-founder of the London and Brussels-based Science Business Publishing Ltd. He's the co-author of The (mis)Behavior of Markets: A fractal view of risk, ruin & reward which he wrote with famed Yale/IBM mathematician Mandelbrot. Our discussion frankly should be required listening for any investor and was recorded in January of 2020 immediately preceding the market crash that occurred just weeks later.2020-03-271h 19

The Option Alpha Podcast172: Mastering Covered Calls (Free Audiobook)Show Notes: http://optionalpha.com/show172This week on the podcast we're doing something a little different and turning this podcast episode into a full-blown audiobook. Today I'm recording the newest book we released entitled "Mastering Covered Calls". I encourage you to pick up your copy now, did we mention it's 100% free, and follow along as you listen to this audiobook. We've included dozens of charts, tables, and graphs to help as part of this new book and we hope you enjoy listening or reading your copy.2020-03-212h 01

The Option Alpha Podcast171: Covered Calls - Top 3 Performance Insights From New ResearchShow notes: http://optionalpha.com/show171Today on the show we welcome special guest, Rob, who's the co-author on our recent research report on Covered Calls. On the show this week we go over the top three performance insights we learned from our massive study on Covered Call Performance. If you trade covered calls right now or plan on using them at any point when dealing with assigned stock, then this show should be required listening.2020-03-1429 min

The Option Alpha Podcast170: The 5 Critical Factors for ANY Trading StrategyShow notes: http://optionalpha.com/show170Factor-based strategies and trading systems are all the rage these days. We've been promoting these for many years now but it seems that more and more investors are catching on. As a result, we wanted to cover the 5 critical factors that your trading strategy should have. To us, these serve as the foundational elements for choosing which investing vehicles, indicators, or systems most appropriately fit your portfolio.2019-12-3124 min

The Option Alpha Podcast169: Interview w/ Kevin Davitt - Former Market Maker & CBOE Senior InstructorShow notes: http://optionalpha.com/show169This week we're very excited to share our exclusive interview with Kevin Davitt, a special guest with tons of experience not only as a former market maker, but as the Senior Instructor for The Options Institute at CBOE. As many long time listener's know, we are highly selective with people we choose to bring on as guests for interview and Kevin raises the bar yet again for us with an amazing discussion. During the show we'll touch on everything from his time as a market maker, transitioning to the retail side...2019-11-301h 03

The Option Alpha Podcast168: The 27 Biggest Options Trading FearsShow notes: https://optionalpha.com/show168Did you know that fear has nothing to do with logical or cognitive reasoning? It's actually a completely physical response that originates in our body. We fear to be wrong because that might mean we will be alone and people will leave us, which means that we won't be part of a tribe or community, which means it'll be dangerous and we might die. Okay, that's extreme but taken to its logical conclusion we fear because of conditioning we've had as humans for thousands of years to survive on a physical...2019-11-0147 min

The Option Alpha Podcast167: Options Trading Profit Targets - When Should You Break The Rules?Show notes: http://optionalpha.com/show167Oh, profit targets. The double edge sword of confusion for many traders. Take profits too early and you feel like you left money on the table. Too late and you kick yourself because the trade could have moved against you. And because we've been getting so many questions on when and why we've let positions go beyond traditional profit targets, we wanted to record today's show to talk about the top 3 market setups that would lead us to break profit-taking rules. Yes, you heard me right, and longtime members have known...2019-10-2422 min

The Option Alpha Podcast166: Understanding The Put Call Ratio The Right WayShow notes: https://optionalpha.com/show166When it comes to market signals and timing indicators, the Put Call Ratio is one that naturally jumps to the top of many lists. Because the indicator looks at volume in both put and call options, the logical conclusion is that we can interpret the ratio to signal us from an impending top or possible market bottom. But, is that really the case, and if so, how should we use Put Call Ratios moving forward in our analysis. All this and more on this week's podcast episode.2019-10-1822 min

The Option Alpha Podcast165: Trading Options? Here Are The 11 "Golden Rules" To FollowShow notes: https://optionalpha.com/show165Personally, I don't like rules. Mostly because I value freedom and flexibility so when someone says that I have to follow the rules I naturally push back. Things that confine me or tell me what to do don't fly well with me. But that only applies to things outside of trading and investing. In the world of investing, and specifically trading options, you need to live by certain rules. Rules that keep you safe and protected from the unknown of the market. I imagine that the 11 "Golden R...2019-10-0756 min

The Option Alpha Podcast164: The 2 Major Problems With Buying Options During Low IV MarketsShow notes: http://optionalpha.com/show164Since we are option sellers and our edge comes from selling overpriced options out into maturity it's natural to assume that if we want to sell options when IV is high that buying options during low IV markets is a way to make money in the other direction. We get it and understand the rationale argument. When IV is low, and option premiums are cheap, you can and should buy options because they are cheap right? Not so fast bargain-buyer. This type of thought process and strategy, l...2019-09-3024 min

The Option Alpha Podcast163: The 5 Month "Grind" Following XLE Short Put Option AssignmentShow notes: http://optionalpha.com/show163This was a long trade. Maybe not the longest trade we've been involved in, but certainly one of the top ones as this short put option assignment lasted over 5 months. For most options traders looking to make a quick buck, this trade stretches their patience and conviction far beyond a reasonable level. Still, I think that today's case study is important to hear because it proves critical concepts to how we think about trading here at Option Alpha. And what better way to prove something than to show you how we...2019-09-2741 min

The Intrinsic Value Podcast - The Investor’s Podcast NetworkMI007:‌ ‌New‌ ‌Investors‌ ‌SHOULD‌ ‌Use‌ ‌Options‌ ‌with‌ ‌Kirk‌ ‌Du‌ ‌Plessis‌ ‌ (Investing Podcast)On today’s show, I sit down with Kirk Du Plessis to talk about how and why new investors should invest using options, how Warren Buffett, one of the best investors ever, uses options in his portfolio, why options don’t get much coverage in financial media, how to unconventionally, but successfully, grow a business, and much, much more! For those who don’t know who Kirk is, he is a successful options trader, real estate investor and entrepreneur. He is the Founder and Head Trader at OptionAlpha.com, which he has built to be a leading authority in option...2019-09-2536 min

The Option Alpha Podcast162: The Top 8 Investor Biases That Cloud Our Judgement When TradingShow notes: http://optionalpha.com/show162It might seem that the markets are a game of price, and while that might be mostly true, what they are is really a game of emotions. With enough self-awareness, the "average" investor can do incredibly well. Better than many sophisticated investors. There's so much to be said about controlling your emotions and recognizing biases that we could spend hours upon hours dissecting each one. I prefer a more optimized approach which is why I decided to do a podcast specifically on the top 8 biases that investors f...2019-08-2931 min

The Option Alpha Podcast161: Interview w/ Kevin Smith & Tavi Costa of Crescat CapitalShow notes: http://optionalpha.com/show161As many of our long-time listeners know, over the years I've become increasingly protective and selective with the guests that I invite to come on the show. Truth be told, we get pitched weekly for people looking to expand their reach. Somethings it's just so off the wall and disconnected to trading that I have to laugh. But this isn't the case with today's guests which I'm super excited to bring on for an interview. Kevin Smith and Tavi Costa both generously gave their time to join m...2019-07-2244 min

The Option Alpha Podcast160: Option Alpha's New Auto-Trading Platform UpdatesShow notes: http://optionalpha.com/show160Newest platform updates.2019-07-161h 34

The Option Alpha Podcast159: How To Build An Options Portfolio With Just $3,000Show notes: http://optionalpha.com/show159This podcast is a long-time coming but one that needed to be done because we get a lot of questions from newbie traders about how to build an options portfolio with a small amount of starting capital. And while we openly suggest that you really start trading with at least $5,000 or more, as you'll hear me say a bunch in this show, we realize that a good majority of new traders want to start with less. That's why in today's show we'll play "pretend" and assume you absolutely want to start...2019-06-2454 min

The Option Alpha Podcast158: What Should We Do About This Losing Option Trade? First, Trust The ProcessShow notes: http://optionalpha.com/show158Somewhere, possibly from another planet, this notion of trading options with a high probability of success transformed into a subconscious greed for 100% probability of success trades. And if you think that this mentality doesn't exist in the modern market we are in, you should see the emails we get at Option Alpha on a weekly basis. The truth is that you are going to have losing trades, a lot of them over the course of your career. Sometimes they'll come in groups and bunches that make you question everything you are...2019-06-2144 min

The Option Alpha Podcast157: The Untold Story Of The 3 Little Pigs That Traded OptionsShow notes: http://optionalpha.com/show157A couple of weeks ago I was reading the story of the three little pigs to my daughters. And for some reason, I couldn't help but think about the untold story of the three little pigs who traded options? Yes, it's true, many people don't know this but the three little pigs were actually given a large chunk of money from their mother and each decided to trade wildly different options portfolios when they set out on their own. In today's podcast, I'll walk through each of the different portfolios they...2019-04-1935 min

The Option Alpha Podcast156: The 4 Market Situations You Should Avoid Aggressively TradingShow notes: http://optionalpha.com/show156Many of our members understand the best times to trade options (i.e. higher IV setups when option premiums are expensive), but should we avoid trading during other market situations? Today's podcast walks through the four general market situations I avoid aggressively trading in and explain why each type requires that you either sit on the sidelines or dramatically scale back your position size.2019-04-0622 min

The Option Alpha Podcast155: Ask Yourself These 7 Questions Before You Put On An Options TradeShow notes: http://optionalpha.com/show155Everyone 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.2019-03-1727 min

The Option Alpha Podcast154: The 17 Most Asked Questions By Option Alpha Members w/ AnswersShow notes: http://optionalpha.com/show154We 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.2019-02-1351 min

The Option Alpha Podcast153: TLT Iron Butterfly & Covered Call Walk-ThruShow notes: http://optionalpha.com/show153Assignment for some traders can be scary and cause them to freeze up or throw in the towel. On today's podcast, we'll walk-thru another case study in which we got assigned on our iron butterfly position in TLT not once, but twice. Inside I'll move slowly as we look back at each stage in the trade from the original order entry, adjustments, assignment, and ultimately the covered calls we sold after being assigned stock. This podcast is worth listening to twice!2019-02-0738 min

The Option Alpha Podcast152: Short Straddle Or Short Iron Butterfly?Show notes: http://optionalpha.com/show152You're looking at a great setup for a neutral trade, but which neutral strategy do you use? Short straddle or short iron butterfly? It's a question we get all the time and today's podcast focuses exclusively on the trade-offs of using one strategy over the other. And while both strategies are built using the same core short straddle position, the choice of adding protection or not using long OTM options can sometimes lead to analysis paralysis. So, let's clear this hurdle together.2019-01-2141 min

The Option Alpha Podcast151: Adjusting Short Straddles For $540 Profit (EWZ Case Study)Show notes: http://optionalpha.com/show151All over the internet, you'll hear stories of why short straddles and short strangles should be avoided at all costs. Stories of how trading "undefined" risk positions can blow up your account when the market moves against you quickly. And while position sizing still needs to be managed appropriately, the fact remains that properly adjusting short straddles and rolling for duration and premium can help turn so-called losers into profitable positions. In today's show, we'll focus on our most recent case study in EWZ in which we turned this losing set...2019-01-1634 min

The Option Alpha Podcast150: How To Manage Your Money & Generate Wealth The Right WayShow notes: http://optionalpha.com/show150As much as I love options trading and following the financial markets, I enjoy the challenge and process of building wealth. I think about wealth building as a 3-step process in broad terms, possibly in the shape of a pyramid even. And since it's our 150th show, I figured I would take a slightly new angle in today's podcast and discuss what I believe are the most valuable insights I can offer from my own experiences and research on how to manage your money and generate wealth. Plus, we'll use this 3...2018-12-2130 min

The Option Alpha Podcast149: Assigned Option Contract Case Study In Gold ETF GLDShow notes: http://optionalpha.com/show149For some reason, many traders fear being assigned option contracts as part of an option strategy. Maybe it's the large capital requirement to hold the shares or just the "unknown" around how to manage the position. But, like most things in life, when you slow down and take the time to walk through the position and the mechanics it becomes much easier. On today's show, I want to once again provide another case study on how we managed a recent assignment on our GLD iron butterfly position. I...2018-12-1053 min

Online Success Journey#149: Kirk Du Plessis - Kirk Du Plessis is the founder of Option Alpha, helping people make smarter and more profitable trades.Kirk Du Plessis is the founder of Option Alpha, helping people make smarter and more profitable trades.2018-11-2926 min

The Option Alpha Podcast148: The 5x2 Trading Psychology MatrixShow notes: http://optionalpha.com/show148No system is perfect. No trader is perfect. You will have losing trades. But it's how you react to those losing trades, or even false positive trades, that defines how long you'll survive in this business. Today's show focuses on what I'm calling the 5x2 "Victim Matrix" in which there are 2 paths you can take follow each and every trading event. Each path has 5 stages or steps. Which path should you choose? Well, it's all inside our latest podcast episode.2018-11-2837 min

The Option Alpha Podcast147: Interview w/ Former CBOE Options Market Maker David LincolnShow notes: http://optionalpha.com/show147Did you ever wonder what an options market maker is thinking or how they see the markets and regular traders like us? After all, these guys are the ones that are making markets in different securities each week. So, I invited one on the podcast to ask him questions and learn more about the “other side” of the business we rarely see. On today show, I have the opportunity to interview former CBOE options market maker and volatility trader David Lincoln. During our time together we discussed everything from how he went...2018-11-0847 min

The Option Alpha Podcast146: Are You Making These 11 Common Options Strategy Mistakes?Show notes: http://optionalpha.com/show146If you trade options and are struggling to find consistency or profitability it's likely because you are breaking, knowingly or unknowingly, some important rules. Rules that are designed to keep you safe, protect your portfolio, and cater to the math and probabilities that drive any options selling system. On this episode, I'll walk thru the 11 common options strategy mistakes you might be making right now. Plus, we'll talk about the core principle or rule associated with each of the mistakes, which will help you quickly correct your trading system and ultimately...2018-10-1732 min

The Option Alpha Podcast145: Backtesting Results Trading Monthly vs. Bi-Monthly Options For 10 YearsShow notes: http://optionalpha.com/show145Is less more? Often we hear this phrase thrown about with the assumption that when investing you should do less, sit on your hands or trade further out, in order to generate higher profits and better returns. But is this really the case and does the math and data prove this to be the point? We wanted to put this assumption to the test with a couple backtested short straddles in IWM and EFA. No filters, no profit targets, no stop-loss orders; pure option selling strategies. Our goal was to see...2018-10-1325 min

The Option Alpha Podcast144: Interview w/ Larry Connors - Buy the Fear, Sell the Greed Book ReviewShow notes: http://optionalpha.com/show144On today's podcast, we bring in a very special interview guest, Larry Connors, and discuss his new book Buy the Fear, Sell the Greed. Larry is an established author in the trading and equities space and I thoroughly enjoyed our conversation about market dynamics, trading psychology, VXX pricing structures, and the future of the industry with regards to automation. As you listen to this podcast interview, notice the very similar structure and thought process that both Larry and I share about creating mechanical data-driven event signals that can be replicated in...2018-09-2453 min

Cashflow Ninja359: Emily & Kirk Du Plessis: How To Go From Rookie To Pro Growing Your Real Estate Cashflow & Building a CommunityEmily and Kirk Du Plessis are real estate investors who focus primarily in the buy and hold niche. They bought their first rental property in 2012 shortly after they were married with little money or knowledge of the space. Emily was an English Teacher who was able to leave her job to manage their rental portfolio and stay home with their three children. Kirk runs an online options trading website that focuses on education and software for options traders. Together they have built their rental portfolio trying various types of rental properties: multi-family, student rentals, vacation rentals, etc. and teach othe...2018-09-2137 min

The Option Alpha Podcast143: What's The Rationale Behind Entering New Option Trades?Show notes: http://optionalpha.com/show143Choosing which ticker symbols and option strategies to use when entering new option trades can sometimes seem overwhelming. In fact, many of our pro and elite members continually ask about the rationale behind why we choose one ticker symbol over another or use one strategy over another when building our portfolio. Today's podcast will help you understand the four-step process we use for evaluating how we choose ticker symbols and strategies when creating our options trading portfolio for each expiration. This framework should help guide you into understanding why IV rank...2018-09-2130 min

The Option Alpha Podcast142: EWZ Short Put Option Assignment Case StudyShow notes: http://optionalpha.com/show142Many new options traders worry about what might happen to their portfolio during a short put option assignment scenario. They wonder how they can recover or if they have enough capital to hold onto the stock position. just a few weeks ago we were assigned on one of our short put options in EWZ and were forced to buy stock well above where the stock price was trading at the time. In today's podcast, I want to walk through the entire trade, including the short put option assignment and help you u...2018-09-0331 min

The Option Alpha Podcast141: Ultimate Guide To Contango And Backwardation Option PricingShow notes: http://optionalpha.com/show141In the futures trading world, there are two words that sound cool to say but also might be very confusing for new traders; contango and backwardation. Yet, both of these future pricing concepts are very easy to understand once you know the relationship between three key items. In today's podcast, I want to slowly walk through the concept of contango and backwardation while offering a couple different examples to show you how it works in real life and how we might be able to use the awareness of futures pricing as...2018-08-2927 min

The Option Alpha Podcast140: Why Some Option Trades "Explode" In Your Face & What To Do About ItShow notes: http://optionalpha.com/show140Have you ever gotten the feeling that some of your trades just end up exploding in your face and turn into "massive" losing positions? They just never seem to go the way you thought it would and always demand or steal your attention right? Well, there's likely a couple reasons why this happens and it gets back down to some of the most basic principles of options trading. In today's podcast, I'll walk through the psychology behind many of these "bad trades" and help offer a strategy to help manage them.2018-08-2029 min

The Option Alpha Podcast139: The 4 "Not-So-Obvious" Ways To Avoid Blowing Up Your Trading AccountShow notes: http://optionalpha.com/show139We all fear losing money, it's a natural human emotion. Myself included, I fear losing money just as much as the next person. But today I want to try to walk through a rational and logic sequence of questions that I believe, if follow the series, will help you uncover the only true risk in the market to your portfolio - and more importantly how to avoid blowing up your trading account in the process. I'd even dare to say that if you follow my 4 question logic sequence in the beginning...2018-08-1534 min

The Option Alpha Podcast138: The "Expected Probability Paradox" For Options TradersShow notes: http://optionalpha.com/show138I'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...2018-08-0653 min

The Option Alpha Podcast137: The Ultimate Guide To Option Skew & Volatility SmileShow notes: http://optionalpha.com/show137Implied volatility in option pricing is one of the most critical and yet least understood aspects of this business. Today show focuses on a deep dive into options skew and the volatility smile for both inter-month and intra-month option contracts. in addition, we'll talk very specifically about the impact of skew as expiration approaches and how Vega for near-term option contracts increases dramatically which can make it seem like option skew is predicting a huge move right before expiration - but is it really the case, and does this "predictive power" w...2018-08-0135 min

The Option Alpha Podcast136: How To Calculate Break Even Prices On Iron Condors & Iron ButterfliesShow notes: http://optionalpha.com/show136Are you new to options trading? Do you have a small account and want to start trading iron condors and iron butterflies? Today's podcast will be very important as we help you understand how to calculate breakeven prices on iron condors and other risk defined strategies the correct way. Plus, we'll walk through a multi-month adjustment to an existing IWM iron butterfly in which we nearly doubled the credit received by rolling contracts to the next expiration period.2018-07-1825 min