In the very near future we will be launching the SMB Options Training Program which we’ve been working on intensively for months.<\/p>\n
We have had a\u00a0 fair degree of interest in the upcoming program and it occurred to us that it might not be a bad idea to invite a few \u00a0 trainees into the process before our formal launch, in order to get their feedback on the training curriculum.\u00a0 So we created the SMB\u00a0 Options Training Program Beta Test Team and invited four interested trainees onto the team.<\/p>\n
What a great group of guys. I am so impressed with the initiative that they have taken to provide me with feedback on the course. After each session they forward me their comments for suggested supplemental information to be added to the curriculum as well as proposed questions for the test we will be giving at the end of the study portion of the program to pinpoint subjects\u00a0 that each individual student will\u00a0 need to review prior to the beginning of the mentoring process. They are doing some great work that will benefit our options community for years to come.<\/p>\n
Last evening we had our first Team meeting, which we scheduled strategically at 8PM EST so that our stalwart member Joe from Indonesia was not forced out of bed at a ridiculous hour of the morning ( I’d bet most people don’t realize that Indonesia is the fourth most populace country on the earth). Indonesia is eleven hours ahead of\u00a0 us so the sun truly never sets on the SMB Options Training Program Beta Test team.<\/p>\n
In addition to Joe, we have a diverse group of\u00a0 Americans from all over the country including\u00a0\u00a0 the owner of several Quiznos\u00a0 franchises, a manager in a department of the federal government and a pit boss at a casino!\u00a0 One of the great things about options spread trading is that you do not need to watch the market all day if you understand the strategies and have become adept at\u00a0 executing\u00a0 contingent orders through your online broker platform. In fact, Joe will be doing most of his trading while he is asleep due to the time difference, and, as I’ve said before, that can actually be an ADVANTAGE (it’s hard to micromanage your trades into oblivion if you are\u00a0 fast asleep).<\/p>\n
I thought we had\u00a0 a good first session, which was primarily spent reviewing fundamental options concepts, the role of volatility in the statistical decision making process for options\u00a0 spreads and the thinking behind\u00a0 the ideal times in the expiration cycle\u00a0 to initiate certain kinds of options spread\u00a0 strategies. But we also spent some time just getting to know each other–every member of the team shared something about their life and careers and what interested them most\u00a0 about options trading.<\/p>\n
We’ve decided to meet every week to continue the dialogue and to spend more time drilling down on specific strategies that are of interest to the group. Next week, for example, we’ll be taking a deeper dive\u00a0 into the bearish butterfly trade that I demonstrated the last few weeks on the Options Trade of the Week. It’s an amazing trade if you have discipline.<\/p>\n
I”d like to thank the Beta Team for their great work to date. It will benefit our growing options community greatly in the future.<\/p>\n
Seth Freudberg<\/p>\n
Director, SMB Options Training Program<\/p>\n","protected":false},"excerpt":{"rendered":"