The quietest tape of the summer paid the book twice. An Exxon trade banked 54% of its premium in five days, gold walked through 400 like an open door, and a full week could not make the tested condor any worse.
Two positions walk into expiration Friday with their outcomes all but written, two roll triggers fired and were closed in the same afternoon, and the screen behind all of it just went quieter than it has been all year.
September Hike Odds: 55% to 34%. The Sell Zone Replaced Three of Four Names. SPY IVR: 9.9%. The VIX's Own Options: 89th Percentile.
This week the ledger arrives in full, and the timing is almost funny: the biggest loser in the book just had its best week of the year. The research on why that combination is dangerous is the whole lesson.
Six steps to placing your first cash-secured put, from confirming cash and stock suitability through placing the limit order and managing the position. Full walkthrough included.
Signals say a market might move. Setups give you repeatable edge. The three filters premium sellers use, with a worked iron condor on a real panic scenario.
Learn how to use the expected move to select strike prices for cash-secured puts and covered calls. Formulas, a worked example, and the pitfalls to avoid.
Closing Two Trades for Profits
Protective puts, spreads, and tail overlays for a PMCC, plus the research on when hedging helps and when a smaller position beats it.
Closing the XOM Bull Put Spread for a Profit
Rolling Two Positions
Retail traders lost about $2 billion on options in under two years. What the research shows, and the quiet statistical edge that actually works.
