A lesson in options trading · Bryan Wiener (former pit trader)
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- Опубликовано: 13 окт 2024
- EP 040: Bryan Wiener reflects on his years as a pit trader, and takes us to school on the subject of options
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Practical points/clues from 40:
- Options were created for hedging stocks (portfolios), but it has grown and become more liquid since, allowing the use of creative strategies (non-directional strategies).
- Examples of non-directional strategies: The strangle and the straddle. Both use hedging, and prediction on volatility levels with little concern for price direction.
- Volatility strategies requires enough study to be used safely. You must know what is the max posible risk for each hedge, what is the expected/required volatility to overcome the trading costs (premium and commissions), the time frames/instruments used and their intrinsic characteristics.
- Selling options is usually more dangerous than buying them (first learn the directional setups). Part of reducing the risk when selling is offseting the premium costs by neutralizing the positions.
- Bryan analyses the markets looking for opportunities during the thursday and friday sessions. Specifically, he is looking for hints that may foretell a buying opportunity that may become a "home-run" trade (a directional approach). He also mentions retracements, continuations, reading the tape and selling premium.
- Not every trade will be a home-run, when in doubt, take half of your position.
This is glorious, I've been looking for "best option strategy ever pdf" for a while now, and I think this has helped. Have you ever come across - Winoorfa Option Olegroson - (Have a quick look on google cant remember the place now ) ? Ive heard some pretty good things about it and my partner got excellent success with it.
This isn't an interview for novice option traders. It won't make sense if you don't have a decent level of option knowledge. I appreciated the perspective.
yup
Yeah the dude is all over the place just with common knowledge
How is this channel not more popular? Thank you so much for everything you do❤️
This was one of my favorite interviews, so much incite into things, I learned so much! Thank you
What a great interview with such valuable information. He is telling you guys what works today and what doesn’t.
Thanks you Aaron . Bryan such a good guy .
44:31 directional volatility traders
50:18 debit spreads
Cheers for this, been searching for "close out option trade" for a while now, and I think this has helped. Have you heard people talk about - Winoorfa Option Olegroson - (do a google search ) ? Ive heard some super things about it and my partner got excellent results with it.
49:55 what is name of the book
Right on. Party kid / trader with plenty of analogies. Thanks
Good
Technical
1. Market Fundamentals; Dark Pools
39:00 Interested in buying options and not selling them. That's great 👍
49:40 book recommendation
WIEN !! Interesting & entertaining.
This person's experience was similar to mine.
Winner of a video, I been tryin to find out about "options adjustment strategies" for a while now, and I think this has helped. You ever tried - Winoorfa Option Olegroson - (should be on google have a look ) ? Ive heard some awesome things about it and my co-worker got cool success with it.
a word of caution for those who listened to this interview: Buying options is like gambling and is mainly for poor people. Option selling (OTM) is like running a casino and is for rich people.
OTM options only have time value which decays fast in weekly or monthly options.
Buying options is very very risky and you will always lose in the long term. You might make 3x or 5x every once in a while but that is just the extra push you need to keep losing more and more.
Haha clearly you don’t know wtf you’re talking about. My bank account is very thankful for options trading the last 6 years.
@@danyan4608 screenshot?
Options trading is not like a casino at all... learn MACD, CCI, RSI and TTM’s and use on the underlying to determine movement of the option. Not too difficult. The hard part is taking emotion out of it.
@@TheInvestmentCircle Option buying is for highly skilled people since the position must become profitable within a short period of time...else losses are huge. I short options because they have a high probability of winning.
You're right. Idk what these other guys are talking about
yep Bryan weiner didn't really explain anything about his success as an option trader. What is his options strategy? what is his definition of success? what is his moment of clarity as a options trader?
thanks. glad I didn't waste my time listening to something useless. appreciate it
+westplace2001 it was an interview - he's only going to answer questions which he is asked. You could list any question that wasn't included in the interview here, and say he didn't answer it...
+Down Town because this may not have been helpful to some, does not mean that's the case for everybody.
if you are ignorant, even if a CBOE market maker tells you how they make money from the implied vol, you wont be able to benefit and learn from it
Abode where are you?
Less reminiscing and more content please.
VERY CONFUSING....!!
+Tony Parker anything in particular? Bryan has offered to answer any questions in the comments here: chatwithtraders.com/ep-040-bryan-wiener/
read more about options...Zerodha varsity option modules are free and awesome.
I think he’s knowledge in option trading is very limited. You are better off listening to Kirk Du Plessis and Tom Sosnoff interview.
Yes, option shorting is the way to go! Well said.
Half this video is his background….no sort of useful information for trading
Why on god's green earth would you buy options as your primary strategy...
waste of my time
i listened at 1.5x speed in the background while working... it was a decent interview
how much are you making these days