Latest Articles

Balancing your portfolio

As a non-directional trader, I'm trying not to be dependent on the market direction. My goal is to make money in any market. To achieve that goal, I need to constantly balance my portfolio in terms of direction and volatility.

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Determining a good entry price for pre-earnings...

When playing the pre-earnings trades, it is very important not to overpay in order to increase our odds. Determining what is a good price is not easy. Lets try to see what are the factors impacting our decision.

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Straddle, Strangle Or Reverse Iron Condor (RIC)

I'm asked many times how I choose between Straddle, strangle or RIC for my pre-earnings plays.

It's always a balance between risk/reward. As we know, those trades are supposed to be sold before earnings. They benefit from IV jump and/or price movement. The biggest (and basically the only) enemy is the negative theta.

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How I Trade Iron Condors

I want to talk today about Iron Condors (IC). Specifically, how I trade them.

So before you start trading IC, there are two most important things you need to decide about:

1. How far in time you go.
2. How far OTM to go.

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