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    Lesson 11 Summary When To Use Each Strategy

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    adms
    This document summarizes an advanced options trading course taught by professional traders Adam Khoo and Bang Pham Van. The course teaches a variety of options strategies including spreads, calendars, synthetics, and strategies focused on earnings plays. It provides guidelines for selecting strategies based on the trader's outlook and implied volatility. Preferred strategies include iron condors due to their capped risk and futures-based indexes due to their low capital requirements. The document aims to equip traders with the knowledge to identify optimal strategies for a given market environment.

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    Lesson 11 Summary When To Use Each Strategy

    Uploaded by

    adms
    195 views6 pages
    This document summarizes an advanced options trading course taught by professional traders Adam Khoo and Bang Pham Van. The course teaches a variety of options strategies including spreads, calendars, synthetics, and strategies focused on earnings plays. It provides guidelines for selecting strategies based on the trader's outlook and implied volatility. Preferred strategies include iron condors due to their capped risk and futures-based indexes due to their low capital requirements. The document aims to equip traders with the knowledge to identify optimal strategies for a given market environment.

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    Lesson 11 Summary When to Use Each Strategy

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    This document summarizes an advanced options trading course taught by professional traders Adam Khoo and Bang Pham Van. The course teaches a variety of options strategies including spreads, calendars, synthetics, and strategies focused on earnings plays. It provides guidelines for selecting strategies based on the trader's outlook and implied volatility. Preferred strategies include iron condors due to their capped risk and futures-based indexes due to their low capital requirements. The document aims to equip traders with the knowledge to identify optimal strategies for a given market environment.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    195 views6 pages

    Lesson 11 Summary When To Use Each Strategy

    Uploaded by

    adms
    This document summarizes an advanced options trading course taught by professional traders Adam Khoo and Bang Pham Van. The course teaches a variety of options strategies including spreads, calendars, synthetics, and strategies focused on earnings plays. It provides guidelines for selecting strategies based on the trader's outlook and implied volatility. Preferred strategies include iron condors due to their capped risk and futures-based indexes due to their low capital requirements. The document aims to equip traders with the knowledge to identify optimal strategies for a given market environment.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6
    At a glance
    Powered by AI
    The document discusses various options trading strategies that are covered in both basic and advanced courses.

    The basic course strategies covered include long call, long put, covered call, protective put, cash secured put, bull call spread, and bear put spread.

    The two key questions to determine the appropriate strategy are whether the outlook is bullish, bearish, or neutral, and whether implied volatility is high or low.

    Professional Advanced

    Options Trading Course


    To Sum It All Up …

    Adam Khoo Bang Pham Van


    Professional Trader Options Trader & Specialist

    www.piranhaprofits.com
    www.wealthacademyglobal.com
    The Strategies We Have Learnt…
    Basic Course: Advanced Course:
    - Long Call - Bear Call Spread
    - Long Put - Bull Put Spread
    - Covered Call - Iron Condor
    - Protective Put - Earning Probability Spread
    - Cash Secured Put - Diagonal Spread
    - Bull Call Spread - Calendar Spread
    - Bear Put Spread - Synthetic Spread
    - Protective Bullish Synthetic
    Spread, or Bull Bang

    2
    To Know When to Use What

    Two Key Questions:


    1. Are you BULLISH, BEARISH or NEUTRAL?
    2. Is Implied Volatility HIGH or LOW?

    3
    General Rules on Strategy Selection
    HIGH IV
    Sell Cash Secured Put
    Sell Bear Call
    Spread
    Sell Bull Put Spread
    Sell Iron Condor
    Sell Covered Call
    Bearish Synthetic Spread Bullish Synthetic Spread
    BEARISH NEUTRAL BULLISH
    Earning Probability Spread
    Buy (Long) Put Buy (Long) Call
    Buy (Long) Protective Put Buy Pro. Bullish Synth. / Bull
    Bang
    Buy Bear Put Spread Buy Bull Call
    Spread
    Buy Diagonal Spread
    Buy Calendar Spread
    LOW IV 4
    Tips: Preferred Strategies & Securities
    Strategy Security Rationale
    Iron Condor Futures (/CL, /6E, - Low capital requirements, good premiums
    /GC, /NG, /ES)  very good ROI potential
    - No individual stock risks – earnings, M&A, management
    Index: SPX, NDX, activities, dividends
    RUT - Risk is capped
    - Watch-outs: Commission intensive due to 4 legs
    (opening/adjusting/closing)
    Covered Call, Fundamentally good - Generate extra income while owning good stocks
    Diagonal Spread, stocks (Covered Call); Lease to rent (Diagonal)
    Cash Secured - Either collect premiums for free, or potentially own good
    Put, Good technical set- stocks at discount (CSP or BPS)
    Bull Put Spread up (neutral to bullish) - Watch-outs: Avoid earning / key events when price can
    have significant gaps up/down
    Calendar Spread Fundamentally good - Various ways to trade: Directional, non-directional,
    stocks neutral, both directional, earning plays, etc.
    - Low cost, low risk
    Synthetic Any security - Construct a directional trade on any security, using a
    fraction of capital
    Protective Bullish Stocks with good - Construct a bullish trade with a protection:
    Synthetic, or fundamentals + VMI: Good stocks on an uptrend
    Bull Bang + Bottom fishing: Good stocks that are beaten down and
    with a potential bounce / recovery
    Earning Prob. Any stocks - Play earnings with a minimal cost and very high ROI
    Spread potential
    5
    Professional Advanced
    Options Trading Course
    To Sum It All Up …

    Adam Khoo Bang Pham Van


    Professional Trader Options Trader & Specialist

    www.piranhaprofits.com
    www.wealthacademyglobal.com

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