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You know, I was considering switching TheOptionClub’s platform over to the same one Options University was using. After last night, I’ll re-think that one.
Good news...
The presentation was recorded and is now available for re-play here:
During this presentation, you will learn why understanding the greeks, as well as synthetic and embedded positions, is so important. Before I really understood these subjects I traded iron condors, calendar spreads, vertical spreads and the occasional long call or put.
What do I trade now?
Now I trade iron condors, calendar spreads, vertical spreads, and the occasional long call or put. Wait a minute... Those are the same strategies. So, what’s the different?
The difference is that before I learned to master the greeks, and the synthetic and embedded positions, I was losing money.
So, how can I be trading the same option strategies but making money, whereas before I was losing money? It’s simple...
Until I learned to master the greeks I was unable to properly evaluate and monitor a position. Learning to identify and use synthetic and embedded positions, combined with my newly acquired knowledge of the greeks, gave me the insight I needed to make effective adjustments.
When I started trading again, after learning these subjects, it was like the difference between a dark night and a dazzling bright morning. I saw what was happening to my positions and I knew how to manage them.
How did I learn? I learned from Ron, who taught me just like I was one of his trainee floor traders. What’s more, he’ll do the same for you, if you want.I’ll tell you more about how and what I learned later, if you’re interested. Right now, I just want to encourage you to set aside some time this weekend to sit down with a hot cup of coffee, or tea, or whatever keeps you attentively alert, and watch the video.
Have an awesome Labor Day and enjoy the time off!
Christopher Smith
TheOptionClub.com
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