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Monthly Options Spread Trading is a 12-Inning Game

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I’m mentoring a remarkable options trainee named Joe. We’ve been working together for over two years. Joe is remarkable for many reasons, but among them is the fact that he lives in Indonesia and is asleep during the majority of the U.S. options market hours due to the time difference (about 12 hours—we’re talking about half way around the world here!). I don’t know how else to say it—Joe is a great options trader. He is patient, has boatloads of common sense, follows rules when he needs to, and also knows that rules are made to be broken when common sense and risk management dictates. Joe maintains an impressive win rate in his options trading record. In fact, it’s one Read more [...]

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