There are many types of option orders, but there are two special ones available on the ThinkOrSwim platform. Click the video below as I explain what these order types are and step-by-step how to execute them. Follow me on Twitter: @MikeShorrCBOT
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Throughout my twelve year career as a trader I’ve learned a lot about the ever changing market and how to adapt my approach to it. One thing I’ve never changed is trailing my stop with the market once my first profit target is filled. This is a method that has nurtured my discipline and helped […]
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There are many types of option orders, but there are two special ones available on the ThinkOrSwim platform. Click the video below as I explain what these order types are and step-by-step how to execute them. Follow me on Twitter: @MikeShorrCBOT
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Palo Alto Networks (Ticket: PANW) reported earnings yesterday after the close. We put on a strangle swap for the report’s release. After a wild ride, things settled in and we were able to get out of the call side of the swap for breakeven or even a decent profit. That left us with the put […]
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We have talked about the pros and cons of stop orders in the past. But, how does one actually enter one of these types of orders? The nuts and bolts of how to do this will change from platform to platform, but here is an example of how to do it on TD Ameritrade’s ThinkOrSwim […]
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I am typically not a big fan of “rolling a position”. Typically you get one of two things or both. Either you increase your potential risk or you are just putting off the inevitable. In all cases, you are going to generate more fees. But there are times when it makes sense. When you hold […]
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Roll your position! That’s an easy way to not realize a loser (that was tongue in cheek). There are times when this makes sense, but you have to have the correct reasoning to do so. Just not realizing a loser is not one of them. Click the video below to hear when it’s appropriate to […]
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Check out the video below to see how we turned our put spread in SPY into essentially a riskless trade with some great upside! Follow me on Twitter @CboeSIB
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Gamma is a risk parameter used in options pricing. It is the speed at which delta changes as the underlying asset moves up or down. But how can that affect one’s options position? Click the video below to find out. Follow me on Twitter @CboeSib
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We have had a position in ZScaler (Ticker: ZS) on for a bit now. It has been working exactly like we had hoped and planned. Adjusting your position when you hold the cards is an effective way to maximize profitability. Click the video below to see how we are managing this so-far-successful position. Follow me […]
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