Take a look at the subjects below and pick out the ones that are most important to you. To get the best results it’s a good idea to limit each session to just one or two subjects so they can be covered adequately enough to really understand them in the time allocated. But if you want to move more quickly, it is possible to cover additional subjects if you are efficient with your questions, and clear on the direction and guidance you require.
1. Your Critical First Step: The Right Brokerage Account Opened the Right Way.
Discover the best broker to use for these strategies–and why.
Let your coach guide you in filling out the forms correctly in order to get the proper options clearances—if you don’t do this right they won’t even let you trade spreads—or any other options strategies for that matter.
How to get the best commission rates for your style of trading considering the number of contracts you’ll be trading, frequency of trading, spread width, and account size.
Learn the most efficient method of funding your account—the method that works just as quickly and efficiently for pulling profits out once you’ve made them.
2. How to Set-Up Your Brokerage Trading Platform Once the Account is Opened
Discover the most informative and efficient column and criteria set-ups for spread trading inside the Thinkorswim platform.
See how to set up Watch Lists for all assets with Weekly options and penny priced options so you’ll always have a good selection of efficiently traded assets to sell against, or bet directionally on.
Attain a general understanding of the various tabs on the Thinkorswim platform and what they do—the Monitor Tab, Trade Tab, Analyze Tab, and others.
3. The Concept of Spread Selling and How to Get the Strategy Working for You
The idea behind selling a diminishing value asset toward a known expiration date.
Why sell and buy? Understanding the concept behind hedging and why it’s so important to limit your risk.
How time decay works—the advantage of selling a depreciating asset on the most advantageous portion of the time decay curve.
Discover the concept behind delta and probabilities—and how to get them working for you.
Understand how to quickly calculate your probability of winning before entering a trade using the TOS platform.
4. How to Place a Trade to Protect Yourself and Get Set-up for Profits Using the Thinkorswim Platform—Including Setting ‘Automatic’ Orders
How to correctly enter a vertical spread trade and a condor trade using the thinkorswim platform—critical information to avoid costly mistakes, and to help maximize your returns.
Learn how to place straight put or call trades—and the main advantages and disadvantages between directional trades and spreads.
How to place the trade at the ‘mark’ (mid-point) to get inside the bid/ask spread for dramatically higher returns, with less risk.
How to lead a spread to get a higher credit on any fluctuation in the price of the underlying—and how to quickly change your orders if you need to.
How to use the Monitor Tab to quickly cancel or modify orders.
Discover the quickest way to close a spread using the TOS platform—this is super important in fast moving markets where a spread may become threatened.
How to place contingent or ‘automatic’ orders to free you from having to constantly watch your trades—key information for both entries and exits.
How to set automatic stops to close a spread the moment your pre-set trigger gets hit—or to set a trailing stop on a directional put or call to maximize your gains, and minimize reversals.
5. What to Buy and Sell—The Three Key Elements for Selecting What to Trade
Discover the importance of finding assets with narrow bid/ask spreads for an inspiring improvement in your returns—for both entering and exiting positions.
See how the penny pricing program for certain options can improve your returns while once again decreasing your risk—efficiency is the key.
See how to take advantage of Weekly options and how to quickly use the TOS platform to build a list of all assets that have Weeklys available.
Learn how to take advantage of the Weeklys to get 4 paydays per month instead of 1—and how to sell for lightening-like one-day returns.
6. How to Take Advantage of the Right Technical Indicators to Know When to Open Your Spreads—When to Close Them—and When to Wait on the Sidelines.
Discover the most important and powerful technical indicators that are the basis of all others—Price, Trend, and Volume.
Once the trend is determined, see how to quickly and easily set your triggers for both entries and exits using support and resistance.
See how to use the Put Call Ratio to pin-point big potential reversals.
Discover how to use Bollinger Bands to find overbought and oversold conditions with extreme probabilities of reversion.
See How to use the Relative Strength Indicator (RSI) to gauge the strength of momentum and to determine if the trend will continue, or is liable to flat-line or even reverse.
Learn the importance of the Moving Average Convergence /Divergence indicator (MACD)–to determine whether you have divergence with the current trend or whether that trend is likely to continue its current direction and momentum.
See how to use the Money Flow Indicator (MSI) to determine the strength of momentum–and the likelihood of a reversal.
Learn how to combine all these technical indicators for ‘sure-fire’ trading situations with the absolute highest odds of outsized profits—especially when leveraged with options.
7. See Which Fundamental Indicators to Pay Attention to—and Which Ones are Distracting Market Noise
Since all news is NOT created equal, discover the most important types of news that can move a stock’s price quickly and powerfully.
How to trade potential earnings volatility whether you are an options seller or an options buyer.
Discover the key to using news-driven volatility to quickly either expand or contract the time value of the options you are buying or selling.
See the one fundamental factor that can instantly over-ride all the others—and how to quickly gauge it using certain key indicators and the market’s reaction to news.
Discover how the seasonality of the markets—affects market direction and momentum.
8. Discover the Perfect Amount of Time to Either Buy or Sell
Learn how to be a smarter time merchant by playing the time decay curve for the highest likelihood of profit—whether you are buying or selling.
Learn the best ways to sell on the steepest portion of the time decay curve—two weeks to one day—for higher returns in less time.
Discover how to sell long—and close way before expiration with a nice profit.
How much time to BUY on a speculative, momentum or swing trade.
See how volatility can dramatically increase or decrease the time value of your options to synthetically either lengthen or shorten the amount of time left on your options trade.
Learn to Harness Volatility for Bigger Premiums with Less Risk.
See why selling high volatility increases your probability of winning by trading into a special situation virtually guaranteed to make you money.
Learn the perfect time to sell around a high volatility event for extreme premiums without the risk.
Discover the link between volatility and time value—and how to use an increase of volatility to make money on bought options–and a collapse of volatility to make money on sold options.
9. Money Management
Learn why many professional traders claim money management is even more important than selecting the right trade—and what the big difference is between the money management most traders use and the money management you’ll discover in this coaching program.
The key to selecting the amount of money allocated to each trade to still make good returns, but be able to survive whatever the market may throw your way.
Discover a structured and methodical strategy for proportionally increasing your bets when you are doing well—and decreasing them during cold streaks—to automatically make more on a winning streaks and lose less when trades are not going well.
Learn the value of cash—how ‘unused’ money sitting in your account can radically increase your total returns—especially when it comes to spread trading.
How to use the ‘emotional gauge’ to set trade size to sleep-at-night levels.