Basic Training: Spreads with wings.

What is a butterfly? Iron butterfly? What is a condor? Iron condor?

Mail Call: Even bootcampers get mail privileges

• Email from Alan Rick: What makes a spread "iron?" What is the difference between an iron butterfly and a regular butterfly, iron condor, etc. Thanks and please keep up the show; I'm learning a ton!
• Email from Alan Charter: If I think a stock's volatility is elevated going into earnings, should I write an iron condor or an iron butterfly? Which is the better trade?
• Tweet from Mr. Dockerson: AAPL! AAPL! AAPL! What are your favorite Apple spreads right now?

Basic Training: Spreads with wings.

What is a butterfly? Iron butterfly? What is a condor? Iron condor?

Mail Call: Even bootcampers get mail privileges

• Email from Alan Rick: What makes a spread "iron?" What is the difference between an iron butterfly and a regular butterfly, iron condor, etc. Thanks and please keep up the show; I'm learning a ton!
• Email from Alan Charter: If I think a stock's volatility is elevated going into earnings, should I write an iron condor or an iron butterfly? Which is the better trade?
• Tweet from Mr. Dockerson: AAPL! AAPL! AAPL! What are your favorite Apple spreads right now?

Basic Training: A quick review of spreads.

What are spreads? Why should we use spreads? How do the Greeks work with spreads? How do you calculate, performance, etc? Why do I want to net reduce my delta and exposure in these elements? What are some of the downsides to spreads?

Options Drills: Vertical Spreads

Verticals - What are they? Long verticals vs. Short verticals. Credit spreads vs. debit spreads. You'll experience the maximum profit when the underlying moves to or sits at the short strike of that spread. What are collared spreads?

Mail Call: It's your turn to pick on the drill instructors.

TWEET FROM PHIL S: What's the deal with options spreads? Why can't my orders get filled? How do we fix this problem?

JOHN'S CUSTOMER QUESTION: How do I know if a spread is worth doing or has some "trade" value?

Basic Training: A quick review of spreads.

What are spreads? Why should we use spreads? How do the Greeks work with spreads? How do you calculate, performance, etc? Why do I want to net reduce my delta and exposure in these elements? What are some of the downsides to spreads?

Options Drills: Vertical Spreads

Verticals - What are they? Long verticals vs. Short verticals. Credit spreads vs. debit spreads. You'll experience the maximum profit when the underlying moves to or sits at the short strike of that spread. What are collared spreads?

Mail Call: It's your turn to pick on the drill instructors.

TWEET FROM PHIL S: What's the deal with options spreads? Why can't my orders get filled? How do we fix this problem?

JOHN'S CUSTOMER QUESTION: How do I know if a spread is worth doing or has some "trade" value?

Options Bootcamp 12: Weekly Options

Basic Training: What are weekly options? How do the Greeks differ in the weeklies? How are the weeklies traded?

Option Drills: Selling strategies for weekly options. Diagonal and vertical spreads, straddles, ratios, etc. What are some strategies for selling weeklies around earnings?

Mail Call: Taking on your questions.

• Tweet from @JJacks: Does Sogo trade offer weekly options? What approval level do I need to trade them?
• Email from Theodore in Houston, TX: How long does it really take to learn options and become a good options trader?
• Email from Alex S. in Tusla, OK: My financial advisor doesn't know anything about options and doesn't seem inclined to learn. Should I fire him? If so, where do I find an advisor who uses options?

Options Bootcamp 12: Weekly Options

Basic Training: What are weekly options? How do the Greeks differ in the weeklies? How are the weeklies traded?

Option Drills: Selling strategies for weekly options. Diagonal and vertical spreads, straddles, ratios, etc. What are some strategies for selling weeklies around earnings?

Mail Call: Taking on your questions.

Basic Training: Busting Options Myths:

1) Market makers know where the stops are, therefore market makers who take the other side of trades are taking advantage of retail customers.

2) The only way to trade profitably is to be a dark side short premium seller. Plus, credit spreads are better than debit spreads.

3) I only need to be good at one trading strategy.

4) Option trades and spreads in particular are difficult to execute and should only be handled by professionals with years of experience.

5) Options are too risky for the retail customers.

Mail Call: Our drill instructors answer your questions.

Email From Alan Donson: Your format is excellent. Please add more pure options trade/content and feature John Critchley. Your intense focus on real options information with a view to options profits, not tedious theory is highly appreciated.

TWEET FROM @ReallyG: You suggested put buy as an ASET to limit buy order? Certainly not in the gap below strike scenario your guests were discussing.

Basic Training: Busting Options Myths:

1) Market makers know where the stops are, therefore market makers who take the other side of trades are taking advantage of retail customers.

2) The only way to trade profitably is to be a dark side short premium seller. Plus, credit spreads are better than debit spreads.

3) I only need to be good at one trading strategy.

4) Option trades and spreads in particular are difficult to execute and should only be handled by professionals with years of experience.

5) Options are too risky for the retail customers.

Mail Call: Our drill instructors answer your questions.

Email From Alan Donson: Your format is excellent. Please add more pure options trade/content and feature John Critchley. Your intense focus on real options information with a view to options profits, not tedious theory is highly appreciated.

TWEET FROM @ReallyG: You suggested put buy as an ASET to limit buy order? Certainly not in the gap below strike scenario your guests were discussing.

Options Bootcamp 10: Common Trading MistakesBasic Training: Your COs cover the most common options trading mistakes:

• Writing long-term options for income.
• Using market orders in illiquid options.
• Not closing options offered at a nickel.
• Buying worthless OTM "lottery ticket" options.
• Selling when implied volatility is high buying when it's low.
• Over-adjusting income trades.
• Believing that sell stops are better than wasting premium on buying downside puts for protection.

Mail Call: Answering your options questions

Via email from John S. - Which is the better method of portfolio protection, a put option or a stop order?Via email from Phil K. - I’m very interested in weekly options. They appear to be a very popular product right now. Can you do a show about weekly options for those of us who are thinking about diving into these products? Perhaps common mistakes, misconceptions, myths, errors, etc. Thanks a million. I just discovered the show and I've already learned a ton. Tell John I'm on the SogoTrade site right now and about to pull the trigger.Via Twitter from @Exxav: What do you mean by implied volatility? What is the difference between implied vol and historical vol?

Options Bootcamp 10: Common Trading Mistakes

Basic Training: Your COs cover the most common options trading mistakes:

Mail Call: Answering your options questions

Via email from John S. - Which is the better method of portfolio protection, a put option or a stop order?

Via email from Phil K. - I’m very interested in weekly options. They appear to be a very popular product right now. Can you do a show about weekly options for those of us who are thinking about diving into these products? Perhaps common mistakes, misconceptions, myths, errors, etc. Thanks a million. I just discovered the show and I've already learned a ton. Tell John I'm on the SogoTrade site right now and about to pull the trigger.

Via Twitter from @Exxav: What do you mean by implied volatility? What is the difference between implied vol and historical vol?