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about the author:

Mike Patton

Mike Patton took the leap into the markets beginning as a commodities broker in 2005, where he was responsible for identifying trading opportunities and executing trades on behalf of clients. After years as a broker he made the jump to education by joining the team at Trading Advantage, now Prosper Trading Academy.

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March 25, 2024

You Have A Lot Of Options Out There

There are a number of different types of options expiration types.  In the vast majority of our signals, our options will be categorized as “American”-style options.  There are some, like VIX options, that are “European”-style options.  Here’s a quick explanation of both. The term “American style” in relation to options has nothing to do with […]

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May 3, 2023

Options Expiration vs. Exercising Options: Common Misconceptions

If you have spent any time researching trading schools or trading signal services, you undoubtedly have come across many that claim that buying options is a proposition that loses up to 90% of the time and thus you should always take the other side and sell options.  Sound great right?  Problem is that these claims […]

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September 26, 2022

Coach’s Roundtable: FOMC Fallout & Resilient Market Sectors

Every week, the coaches at Prosper Trading Academy offer their insight on some of the most challenging questions covering recent stock market developments, trading tips, and relevant news stories. This week, Scott Bauer, Charlie Moon, and Mike Shorr give their thoughts on why certain stock market sectors are staying resilient amid the FOMC fallout, and […]

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https://www.prospertrading.com/exxon-mobil-stock-scotts-bearish-trade-idea-went-up-50/Exxon Mobil Stock: Scott’s Bearish Trade Idea Went Up 50%
December 4, 2025

Exxon Mobil Stock: Scott’s Bearish Trade Idea Went Up 50%

Despite being up almost 18% since April, Exxon Mobil stock (XOM) has seen a lot of ups and downs in 2025. Although XOM has been in an overall uptrend since the spring, Scott Bauer says there’s been a “sell the rally” trend—not just in Exxon Mobil stock—but in the broader oil space. Scott featured Exxon […]

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https://www.prospertrading.com/straddle-vs-strangle-when-can-each-strategy-offer-unlimited-risk/Straddle vs Strangle: When Can Each Strategy Offer Unlimited Risk?
December 2, 2025

Straddle vs Strangle: When Can Each Strategy Offer Unlimited Risk?

The straddle vs strangle debate has challenged many options traders. What do they mean? How do they work? How much risk in each one? While both strategies have big differences, they also possess some notable similarities… …including trading scenarios where each one can offer unlimited risk. Scott Bauer broke down the straddle vs strangle topic […]

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https://www.prospertrading.com/eli-lilly-stock-whats-next-for-wall-street-standout/Eli Lilly Stock: What’s Next For “Wall Street Standout”?
November 28, 2025

Eli Lilly Stock: What’s Next For “Wall Street Standout”?

Powered by news of its popular diabetes and weight loss drugs, Eli Lilly stock (LLY) has been on a tear in 2025. The stock is up over 38% this year, whose price crossed $1,000 for the first time ever in November. The big run Eli Lilly stock is on has a lot of traders wondering: […]

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