Replace Your Income with Options

Join The Option Professor, Jim Kenney, As He Shares 35 Years of Knowledge & Experience, Ep #135


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Jim Kenney, fondly known as The Option Professor, is a graduate of Boston College & Don Bosco Prep. He received his options training at the Chicago Board Options Exchange (CBOE) and several major investment firms.  Jim has traded thousands and thousands of options contracts in various markets and has educated numerous investors worldwide on the use and risk associated with options. In this episode of How To Trade It, Jim discusses the benefits and risks for both beginners and experienced traders. You don’t want to miss it!

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You’ll want to hear this episode, if you are interested in…

  • [01:35] Gold!
  • [06:25} Leverage
  • [09:00] Let’s talk about risk
  • [10:06] The beauty of the BUY side
  • [13:51] “Out-of-the-money” 
  • [18:39] Steps for beginners
  • [19:54] The importance of sizing
  • [22:22] Volatility
  • [24:58] One-on-one training sessions
  • [31:04] Getting your money off the table!
  • [32:36] Education is key

The Draw of Options
When the gold market collapsed, and I shifted to the stock market, I was immediately drawn to options because of the potential that I saw. You could do a lot with them…ride them, buy them, take in the cash, speculate, use them as insurance…I was fascinated and completely hooked.
What is an option anyway?
An “option” gives you the right to buy or sell a market at a certain price (called the striking point) for a certain period of time (called the expiration date).  If you buy an option, you must pay the premium (the cost of an option). If you are buying a call option, you are anticipating that the value of the stock is going up.  If you are buying a put option, you anticipate the market going down.
Buying a Call
Here’s an example…you are looking at Apple, and it’s trading at $150 per share. If you buy a call option,

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Casey Stubbs
Freedom Income Options
Replace Your Paycheck, Reclaim Your Freedom.

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