Ed Tulauskas of Random Walk Trading returns to the Options Tribe to discuss weekly $SPX options trading strategy using options three to four weeks out from expiration to generate income. He will share a recent example and tools to reduce risk and increase the profit zone on the on either side of the trade. These tools will include additional butterfly hybrids, stacked butterflies, and layering while controlling margin.
The exercise of building an options trading plan is a very unique breed of business planning. We’ve found over the years that many options traders have career backgrounds as professionals or business owners. Traders with backgrounds like these often bring some of their old business planning tactics into their options trading plan. There are pros and cons to this. Pros … Read More