Retail option traders, mostly new traders are told to buy options because the risk is limited.

You cannot lose more than what you paid for the premium - this is the line often told to a new trader

In this episode I will share some scenarios in which a trader can lose a lot more money when buying a put option or a call option

I will also discuss how to avoid this scenario

Hope you'll enjoy this episode. 

In this episode I will review the performance in 2020.

Will start with reviewing the metrics : 

- Return on Capital

- Buying Power Used

- Days in Trade

- Win Rate

- Symbols traded

- Option Strategies

In the end I will also provide qualitative summary of what worked for me in 2020 and the gaps that I need to work on in 2021

Hope you'll enjoy listening to this

With holiday season kicking off with Thanksgiving Week, today's episode is a vacation checklist for options traders. 

This is something that you can use to button up your portfolio before going off the grid to enjoy time with friends and families. This will also make sure you don’t get any surprises when you turn your computer back on after a few days of market activity.

Many new option traders ask me the importance of the Put / Call ratio and how can they use it in making decisions on an option trade. I will address this question in this episode.

Then I will discuss the option trades from previous episode and a new trade from this week.

With upcoming elections in US, the question I get the most from our community members is : " How we do protect our portfolio from volatility of elections ?" I will share my thoughts on why the traditional diversification of portfolio may not work and what choices we have as an option traders. Find more videos and education content at https://.optiongig.com - all for FREE !! Please subscribe OptionGig on YouTube : https://www.youtube.com/channel/UCzRV68jzvb3R7OSdTrFBASw

In this episode I will dig into Market Maker Move (MMM), the number that you sometimes see it on the Thinkorswim platform and then you don't see it. If you wondered what that piece of information is and how you can use it for trading, this episode will clarify it all

To join the weekly webinar referenced in this episode : https://www.meetup.com/Part-time-Options-Traders-Meetup-Group/

To view the webinar recordings offline, register at www.optiongig.com and then select "Weekly Webinar" from "Members" menu

Find more videos and education content at https://.optiongig.com - all for FREE !!

Please subscribe OptionGig on YouTube : https://www.youtube.com/channel/UCzRV68jzvb3R7OSdTrFBASw

Every week I get to interact with lot of retail investors through webinar. When I enquire about their journey in options, I get to hear multiple reasons of why they have not yet started in options. In this episode I will talk through the top 3 reasons and explain why those reasons are just excuses. 

Find more videos and education content at https://.optiongig.com - all for FREE !!

Please subscribe OptionGig on YouTube : https://www.youtube.com/channel/UCzRV68jzvb3R7OSdTrFBASw

This is a well guarded secret in brokerage industry. I have not seen many financial publications talking about it. 

This secret has direct positive impact on our bottom line as retail option traders.

Listen to this episode to know what it is and how can you benefit from it.

Many a times we come across a trade that looks to be "zero risk" on paper. Recently a trade in Nikola motors (NKLA) was talk of the town for this reason. The trade seemed to be zero-risk. I will share the story of how that trade turned to be nightmare for some traders and what can we learn from this

Find more videos and education content at www.optiongig.com - all for FREE !! 

Please subscribe OptionGig on YouTube : https://www.youtube.com/channel/UCzRV68jzvb3R7OSdTrFBASw

Trade Opening is the most important step for option premium sellers, yet not much has been talked about it.   Most of the folks focus on less important things - Strike price, Expiration Period, Option Strategy and no wonder, ends up blowing their account. There are other things that are more important and I cover the entire checklist in this episode.   If you are beginner option trader, then you must watch this before putting your first trade. Make this your muscle memory to be profitable in options trading. If you're an experienced option trader, this will serve as a refresher. If you have any questions, please write it in comments or email it to optiongig@gmail.com.   Find more videos and education content at www.optiongig.com - all for FREE !! Please subscribe OptionGig on YouTube : https://www.youtube.com/channel/UCzRV68jzvb3R7OSdTrFBASw

In this episode I will talk about the biggest mistake that I see rookie option traders doing Their brokerage firms are also at fault for not allowing them to do profitable option strategies. Brokerage firms give excuse that they do not want their clients to blow up their account. But the same firms do not do anything to prevent death by thousand cuts.  In fact, their, permission levels perpetrate slow death of retail investor accounts while they themselves enrich by making money on each losing trade of their clients.

Steps for getting started in options trading?

Step 1 : Be clear on motivation behind learning options trading. Options trading will need time and effort and you need to have strong enough motivation to do that. Without enough motivation, you will not see it through.

Step 2 : If you are sure you want to do it long term and willing to put in effort, next comes the education part. There are many free resources on web/YouTube about options trading. Though you’ll need to sift through them, arrange them in order so you can learn to first take a step, then walk and then run. Doing it in reverse way will be frustrating. I had gone through some of these frustrations and that’s why I created this series to help newcomers. All for free !!

You should become familiar with at least all the beginner module before you start trading

Step 3 : Become familiar with your trading platform. Some of the platforms provide paper trading capability, so use it. It is important to get this stuff out of way before you start trading lest you end up fat-fingering a trade

• Where to place the trade
  
• Where to see the history
  
• How to find out the current P&L on the trade
  
• How to get some key information like Greeks and Intrinsic/Extrinsic values
  

Step 4 : Start trading. Start small with simple strategies like cash secured put (for the stocks that you want to own) or covered call (for the stock that you own already and want to sell). Next start doing spread trades. Then eventually graduate to other option trading strategies.

Assignments tends to surprise new option traders. Early assignment  throws even seasoned option traders into tizzy. 

Don't be one of them.  If you have a short call trade, then view this video to find out if your trade is at risk of early assignment.

If you have any questions, please write it in comments or email it to optiongig@gmail.com.   Find more videos and education content at www.optiongig.com - all for FREE !!  

Please subscribe OptionGig on YouTube : https://www.youtube.com/channel/UCzRV68jzvb3R7OSdTrFBASw

The first step in Options Trading journey is to enable a trading account for options.

Each brokerage firm in US have defined certain levels of Options Trading which will allow you to execute certain type of option trading strategies.

In this episode I'll discuss the following:

• Process of enabling your trading account for options,
• Levels of Option Trading
• How brokerage firm decide on what level to enable your account for
• Tips to negotiate for higher option trading levels
• If you don't get the level you need, what's next step

I received the annual report from Berkshire Hathaway. The most interesting part is the annual letter. There are many hidden gems aka investing advice in the letter that are very beneficial for every retail investor/trader.

Hope you'll enjoy this. 

Watch this on YouTube : https://youtu.be/dMQLD4rI_Mw

In this episode we do a quick overview of the previous week.  We cover following segments :   

Major Market Moving News : We quickly glance at major market news   

Market Performance for the week : We review how major ETFs based on broad market indices have performed for the previous week  

Trade Summary : A quick glance on my trading activity for the week  

Thought of the week : Every week I pick up a relevant topic to discuss with fellow retail traders. That could be an inspirational, educational or any other contextual topic. 

Trade Analysis : We review the journey of a trade in detail step by step. The objective is to understand how to manage a trade throughout its lifecycle, how/when to make adjustments etc.  

Mailbag : Lastly, in the Mailbag segment. we answer listener / Viewer's questions   

If you have any questions, please write it in comments or email it to optiongig@gmail.com.   Find more videos and education content at www.optiongig.com - all for FREE !!   All I ask of you is to subscribe to my youtube channel and help me spread the word so other retail investors can also benefit from it.    For more educational content on options trading, visit www.optiongig.com

Watch it on YouTube : https://youtu.be/ke_KdJJyq8I

In this episode I will explain why blindly following the trades of mentor can be dangerous for new option traders.

If you are just getting started in options trading and are following a mentor  or guru, you must listen to this before you start executing the trades

In this episode we will discuss the choices the investors have to express bullish sentiment on a company

We will discuss the below mentioned choices :

- Buy a Stock

- Buy a call option

- Sell a put option

In the end we will summarize what is my favorite strategy.

In this episode we  do a quick overview of the previous week.  We cover following segments :  

Major Market Moving News : We quickly glance at major market news  

Market Performance for the week : We review how major ETFs based on broad market indices have performed for the previous week 

Trade Summary : A quick glance on my trading activity for the week 

Thought of the week : Every week I pick up a relevant topic to discuss with fellow retail traders. That could be an inspirational, educational or any other contextual topic 

Trade Leaderboard : We review the top leaderboards in each of the category - Winner / Loser / New Trade 

Trade Analysis : We review the journey of a trade in detail step by step. The objective is to understand how to manage a trade throughout its lifecycle, how/when to make adjustments etc. 

Mailbag : Lastly, in the Mailbag segment. we answer listener / Viewer's questions    

Please be generous in feedback. We are always listening !

To watch this episode on Youtube with more details : https://youtu.be/LQxCMQQF1xQ

Subscribe to OptionGig YouTube Channel : https://www.youtube.com/channel/UCzRV68jzvb3R7OSdTrFBASw

In this episode we do a quick overview of the previous week and cover the following topics :

- News headlines that impact markets

- Major Market Indices performance

- Thought of the week

- OptionGig portfolio performance

- Trade Leaderboard

- Listener Q&A

Please be generous in feedback. We are always listening !

To watch this episode on Youtube : https://youtu.be/Ix7XuGHXcVA

Subscribe to OptionGig YouTube Channel : https://www.youtube.com/channel/UCzRV68jzvb3R7OSdTrFBASw