My name is Andrew, aka "OM", and I am an 10 year Stock and Options trader with a focus in ETF based contracts. My goal is to foster realistic and responsible trading practices through educational videos, live streams and interactive chat. In a world of YOLOs, HODLs and 90% losses, I strive to be the port in the storm. My trading practices are not flashy or sexy. But they are consistent and profitable; obtained through years of grinding my axe down to a razor's edge. So if you're tired of extreme swings, whether it be in your emotions or on your equity curve, then pull up a chair and lets have a conversation.
I am not a Financial advisor or licensed professional. Nothing I say or produce on RU-vid, or anywhere else, should be considered as advice. All content is for educational (and sometimes entertainment) purposes only. I am not responsible for any financial losses or gains. Invest and trade at your own risk.
Another great tutorial! I really appreciate you taking the time to make them. As an intraday trader, I was wondering if all your teachings pertain to intraday trading as well. If not, I would appreciate it if you could help out all of us intraday traders by creating a few videos specifically for us.
Bro, this is one of THE best tutorials on #debitspreads. How did you put on those cool coloured lines indicating 3970 Long Call for$12.00 and 4,000 Short Call for $8.00 in TradingView? Is that an indicator? Dan
@optionsmillionaire I do not trade options at this time. I just started learning about the VIX to anticipate market dips for buying opps for stocks. Would I be correct that if I kept tabs on the VIX compared to the S&P, that it will help predict an entry point to buy into a stock? Much the same way you predicted the trends to R5 or S2 for your entry and exit points? Hopefully that made sense. This year 2024 I've been using Larry William's forecast model and that has done well for me (bought during the dip in April, sold in June for a 76% gain YTD, now waiting for the low point in the current dip as of 7/26/24). I am trying to determine whether I can use the VIX to help predict a measured entry point at the lowest dip over the next 30 days.
The VIX is a worthless tool when you have the ability to easily look at the options market. The vol surface will show whats getting bid up. You will see that before you see it in the VIX.
Contango by definition means the forward price of the underlying instrument is higher than the expected spot price of that instrument for the specific (time) period. the way it was explained here it compares the forward price with today's spot price which is somewhat misnomar.
Hey Andrew, I have listened to some of your podcasts, and I have to say , it's great content, thank you for saying it how its . As you say it it's us who make tje difference, you give us the information and we decide what to do with it.. thank you Mauro
I have a deep passion to become an options trader. How do I get started? Is there a platform to get started on as a demo trader? I funded my acct on IBKR with $200 CAD, but it was so complicated and not intuitive. How much do I need to start trading options? Should I focus on 0 DTE’s or weekly’s , the monthly’s or even LEAPS. Danny
thanks for the video, but may I ask for a bit of clarity? if the delta of a short put is positive that would mean that as the underlying moves down the delta decreases, but in your example, it increases. can you please explain?
I'm reading the book now. Didn't understand this part so came here. Didn't understand that either. What I don't get is that I've looked closely to 1-5-15-60min and day charts, and I cannot find anything that fits the description of testing supply or demand. In fact, what I've noticed is quite the opposite. Anna talks about this happening on all timeframes, but honestly I don't see that on smaller ones. WTF, are QQQ NDX or other indices / index etfs not aligned with this concept? Is it for individual stocks only?
This video has been of the best videos I've ever learned from. One can apply this as 101 for trading the day. Thank you so much. Incidentally, I found this video by looking up "gamma flip line" , I'm not an options trader, just a day trader, swing trader for medium term. I do subscribe to "Above the green line" methodology. Thanks! Subd, and watching many of your videos
I trade SPX options. Since this is an Index it does not have real volume even though Trading View chart has volume. Can you use that to trade SPX options with Volume Price Analysis?
