{"id":49413,"date":"2019-12-18T15:41:08","date_gmt":"2019-12-18T20:41:08","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=49413"},"modified":"2019-12-18T15:41:08","modified_gmt":"2019-12-18T20:41:08","slug":"you-can-only-be-a-successful-options-trader-if-you-do-this","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/you-can-only-be-a-successful-options-trader-if-you-do-this","title":{"rendered":"You Can Only Be A Successful Options Trader If You Do This"},"content":{"rendered":"

Successful options traders are constantly assessing the risk reward trade-offs in trades that they are managing and take action when that relationship becomes imbalanced. In this video we provide you with a vivid example of the way a professional options trader thinks.<\/p>\nView Video Transcript<\/strong><\/span>

so have you ever been up good money on a
\ntrade and wondered whether you should
\nstay in the trade and try to make more
\nmoney risking what you’ve already made
\nand more or take profits and move on to
\nanother trade
\nI’m the head options trader on our
\ntrading desk here at SMB Capital in
\nManhattan and I can assure you that
\nevery trader on our desk is faced with
\nthis very question constantly in this
\nvideo we’re going to give you a
\nframework within which to make this
\ncritical decision so stick around as I
\nthink it’s going to be important for
\nyour success as a trader long term
\n[Music]\nhi I’m Seth Freuberg and I’m the head
\ntrader of SMB capitals options trading
\ndesk SMB capital is a proprietary
\ntrading firm located in midtown
\nManhattan and we provide capital for
\noptions and equity traders from all over
\nthe world trading both remotely and in
\nour offices here in New York City now
\nI’d like to suggest that you click on
\nour subscribe button right now so that
\nyou don’t miss any of our free trading
\nvideos that we produce for traders and
\ninvestors all over the world they’re
\nreally very valuable ok
\nso one of the most widely used option
\nstrategies is known as a debit spread
\nI’ll show you how a debit spread works
\nin a minute but it’s important to know
\nthat options can be traded on individual
\nequities but they can also be traded on
\nstock indexes themselves like the S
\n500 index most of you probably know the
\ndifference between index and options and
\nstock options but I’m gonna do an
\nextremely quick review for those of you
\nwho don’t so just hang in there if you
\nalready know this information this will
\nbe quick and then we’ll jump into the
\nguts of the lesson okay so with equity
\noptions a call buys you the right to buy
\n100 shares of a stock at the strike
\nprice of that option any time before the
\noption expires and a put option entitles
\nyou to sell 100 shares of stock at the
\nstrike price of the foot before that
\noption expires but there are also index
\noptions which work similarly to equity
\noptions except there’s no such thing as
\n100 shares of an index like the S&P; 500
\nso you can’t really buy or sell 100
\nshares of an index but what you can do
\nis get paid in cash $100 per point if
\nthe index expires above the strike price
\nof an index call that you buy or
\nalternatively you be paid $100 per point
\nfor each point the index drops below the
\nstrike price of your index foot so for
\nexample if the SPX index is trading at
\n3,000 and you buy the 30 10 call if the
\nSPX goes to 30 15 you’d receive $500 in
\nyour account if the index closes at
\nthree thousand and ten or lower your
\ncall expires worthless on the other side
\nof the ledger if you buy a 2985 foot and
\nthe market sells off to 29 75 you’d make
\n$1,000 but if the market just sold off
\nto 20
\n95 or higher the put would expire
\nworthless so those are the basics of
\nindex options now let’s jump right into
\nan example of a debit spread that so
\nyou’re gonna understand the lesson we’re
\ngonna be sharing with you today so on
\nJune 28th the SPX index was trading up
\naround 29 30
\nas you can see from the price chart now
\nlet’s suppose that you were bullish on
\nthe SPX index and you felt that by the
\nend of july the SPX would be trading
\nover 3,000 that was just your conviction
\nother traders might have been bearish
\nbut you were bullish for whatever your
\nreasons were so at that point you could
\nhave entered into what is known as a
\ndebit spread where you’d buy the 2980
\nSPX call which expires on July 31st and
\nyou would also sell the 2990 July 31
\ncall as you can see from the
\nillustration you pay $24.50 for the long
\ncall and you’d be able to sell the short
\ncall at 2990 for $20.50 Fernet cost the
\nfour dollars and since a call owner
\nreceives $100 for each point above the
\nstrike price as we mentioned before you
\nmultiply that by $100 so your total cost
\nfor the trade is $400 now let’s break
\ndown the maximum profit and the minimum
\nloss on this trade so let’s say you were
\nright a known expiration day the SPX
\nclosed at 3000 let’s break down what
\nwould have happened at that point well
\nfor the 2980 call that you own that
\nwould be in the money by 20 points
\nbecause 29 80 is 20 points below 3000 so
\nthe seller of that call would have to
\npay you 20 times 100 dollars or $2,000
\nfor the fact that you own that call now
\nfor the 2090 call that you sold well
\nthat’s in the money by 10 points and
\nthat’s money you owe the one who you
\nsold the call to so you’ll have to pay
\nhim 10 points times 100 dollars per
\npoint or in other words a thousand
\ndollars now originally you paid $400 for
\nthe debit spread so if you were right
\nyou’d make $600 but here’s what’s
\nimportant to realize if SPX went to
\n4,000 even you still can’t make more
\nthan $600 why because no matter how much
\nyou make on
\nlong call you’ll have to pay out $1,000
\nless than that for the fact that you
\nsold that short call like in this
\nexample where you’d make $12,000 on the
\nlong call but have to pay $11,000 on the
\nshort call and your original cost will
\nalways be 400 obviously so the maximum
\nprofit no matter how high SPX goes will
\nbe $600 in fact at any price above 2990
\non expiration you’d make your full
\nprofit because at 2990 you’d be 10
\npoints in the money on the call you own
\nso you’d make $1000 for that but the
\n2990 call that one would expire
\nworthless because it only pays off above
\n2990 and so your profit is simply what
\nyou were paid on the long call less what
\nyou paid for the entire debit spread so
\nthat’s a quick lesson on exactly how
\ndebit spreads work so before we get into
\nhow this trade actually would have
\nturned out I wanted to mention that
\nwe’re currently running a 2 our free
\nintensive workshop at the moment we’re
\nwill be teaching you three real-world
\noption strategies that professional
\noptions traders use including a really
\nsimple but incredibly effective strategy
\nthat some of the greatest investors in
\nthe world like Warren Buffett used all
\nof the time plus an options trading
\nstrategy that has a statistical 80
\npercent probability of profit month in
\nand month out plus an option strategy
\nthat you can employ with the stock that
\nyou like where you’ll make your target
\nprofit whether the stock goes up goes
\nnowhere or believe it or not even if it
\ngoes down a small percentage you’ll make
\nyour target profits so if those
\nstrategies would be of interest to you
\nthen you should check out the free
\noptions class that we’re currently
\nrunning now just go ahead and click the
\nlink that should be appearing now at the
\ntop right corner of your screen that
\nwill open the free registration page in
\na new window so don’t worry you won’t
\nlose this video or you can just head on
\nover to options class com to register
\nfor this free intensive workshop it’s a
\nrare opportunity for retail traders and
\ninvestors to learn directly from Wall
\nStreet traders but that’s exactly what
\nyou’ll be getting through this free
\nonline workshop so click the link to
\nsign up now and don’t miss it let’s now
\nmove forward to the final day of this
\ntrade
\nlive 31st minute and you can see at
\naround 1:00 p.m. on that date the SPX
\nindex is trading at 30 15 well above the
\nmaximum profit level of 2990 that we
\njust talked about now
\nthe debit spread that we bought for $400
\nthat’s now worth $9.50 let’s look at why
\nwell the 2980 call is trading at 36 55
\nin the 2990 call is trading at 2705 so
\nif we wanted to close it right now we’ve
\nreceived 36 55 for the 29 80 call and
\nwe’d have to pay 2705 to close that
\nshort call at 2990 so as you can see
\nfrom the calculation if you then
\nsubtract the $400 initial cost of the
\noption your profit would be $550 now
\nlet’s think about that for a minute the
\nmaximum you can possibly make a $600 as
\nwe went through before and you’re up 550
\non the trade so if you don’t close the
\ntrade then you’re basically saying for
\nthe 50 extra bucks which is the maximum
\nI can possibly make additionally on this
\ntrade I’m willing to risk not only the
\n550 of profit I’ve already made I’m
\nrisking the entire original 400 dollars
\nthat I paid for the trade in the first
\nplace if the market sells off down below
\n29 80 where neither the 2990 or the 28
\n980 options will have any value on
\nexpiration day and the debit spread I
\nbought would expire worthless you see a
\nprofessional options trader is always
\nlooking at risk and reward so in this
\ncase originally we were risking the 400
\ndollar debit for a gain of $600 but now
\nwe’re risking our entire profit of $550
\nplus our $400 original cost if the
\nmarket sells off to below 20 980 and the
\nmaximum additional money we can make is
\n50 bucks so if you think about it
\nintelligently your new risk reward is
\n950 dollars of risk for 50 dollars of
\nreward that should make it plainly clear
\nthat for the relationship between risk
\nand reward is no longer valid
\nand you need to close this trade and
\npocket your profits at $550 you’ve
\nattained 90 percent of your maximum
\nprofit potential which is the point at
\nwhich most professional traders would
\nclose this trade and pocket the profits
\nbut this is what would have happened to
\na non professional trader you see the
\nSPX sold off on that final day of
\ntrading and the SPX closed at 29 80 40
\nso look what happened to the non
\nprofessional trader who wasn’t content
\nwith 90 percent of the potential profit
\nof the trade the long call at 29 80
\nclosed with worth $40 and the short call
\nhad no value but he paid $400 for the
\ndebit spread originally so you have to
\nsubtract that leaving you with the loss
\nof $360 on the trade
\nso the professional trader would have
\nmade $550 and the amateur would have
\nlost $360 a difference of 9:10 between
\nthe two outcomes by trying to squeeze
\nout another 50 bucks on a trade where
\nyou’re risking it all at that point
\nwhich is frankly very weak reasoning
\nthat’s what separates pro traders from
\namateurs the pro traders focus on risk
\nreward relationships all day while
\namateurs lose perspective on their
\ntrades and end up in situations like
\nthis so I hope that it’s clear to you
\nthat a professional options trader is
\nconstantly focusing on risk and ending
\nthat risk when the risk reward
\nrelationships are no longer viable like
\nin this case and incidentally it’s easy
\nto maintain these disciplines because
\nyou can simply in this case have put in
\na good to cancel order to sell the
\ndebits right at $9.50 at the beginning
\nof the trade right after you paid $400
\nfor it and that order would have failed
\nat any point after the trade was entered
\nautomatically when the market reaches
\nthat $9 and 50 cent price that’s
\nactually a good practice to prevent
\nyourself from getting too greedy and
\nlosing perspective on the risk reward
\ntrade-offs that will change when trading
\noptions if you constantly pay attention
\nto risk reward relationships you give
\nyourself an opportunity to turn into a
\nconsistently profitable trader over time
\nnow just to remind you as I said earlier
\nif you enjoyed this video and learn
\nsomething valuable from it and would
\nlike to learn the details of three
\nreal-world option strategies that
\nprofessional options traders use all the
\ntime then you should check out the free
\noptions class that we’re currently
\nrunning just go ahead and click the link
\nthat should be appearing now at the top
\nright corner of your screen that will
\nopen the free registration page in a new
\nwindow so you won’t lose this video
\ndon’t worry or you can just go ahead and
\nhead on over to options class com to
\nregister for this free intensive
\nworkshop it’s really a rare opportunity
\nfor retail traders and investors to
\nlearn directly from Wall Street traders
\nbut that’s exactly what you’ll be
\ngetting through this free online
\nworkshop so click the link to sign up
\nnow and don’t miss it and if you found
\nthis video helpful don’t forget to press
\non the subscribe button because we’re
\ngonna continue to shoot more and more
\nvideos with these kinds of valuable
\ntrade ideas in the future and you won’t
\nwant to miss them and while you’re at it
\nleave us a comment for what you liked
\nabout this video and what other types of
\nvideos you’d like us to produce for you
\nin the future and we’ll see if we can
\nmake that happen
\n<\/div>\n

\"\"<\/a><\/p>\n

* no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

Successful options traders are constantly assessing the risk reward trade-offs in trades that they are managing and take action when that relationship becomes imbalanced. In this video we provide you with a vivid example of the way a professional options trader thinks. * no relevant positions<\/p>\n","protected":false},"author":290,"featured_media":49414,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-49413","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nYou Can Only Be A Successful Options Trader If You Do This | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/you-can-only-be-a-successful-options-trader-if-you-do-this\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"You Can Only Be A Successful Options Trader If You Do This | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Successful options traders are constantly assessing the risk reward trade-offs in trades that they are managing and take action when that relationship becomes imbalanced. 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