A lesson in options trading · Bryan Wiener (former pit trader)

Рет қаралды 28,422

8 жыл бұрын

EP 040: Bryan Wiener reflects on his years as a pit trader, and takes us to school on the subject of options
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Пікірлер: 44

@bootysauce_ Жыл бұрын

How is this channel not more popular? Thank you so much for everything you do❤️

@OneCreator87 6 жыл бұрын

Practical points/clues from 40: - Options were created for hedging stocks (portfolios), but it has grown and become more liquid since, allowing the use of creative strategies (non-directional strategies). - Examples of non-directional strategies: The strangle and the straddle. Both use hedging, and prediction on volatility levels with little concern for price direction. - Volatility strategies requires enough study to be used safely. You must know what is the max posible risk for each hedge, what is the expected/required volatility to overcome the trading costs (premium and commissions), the time frames/instruments used and their intrinsic characteristics. - Selling options is usually more dangerous than buying them (first learn the directional setups). Part of reducing the risk when selling is offseting the premium costs by neutralizing the positions. - Bryan analyses the markets looking for opportunities during the thursday and friday sessions. Specifically, he is looking for hints that may foretell a buying opportunity that may become a "home-run" trade (a directional approach). He also mentions retracements, continuations, reading the tape and selling premium. - Not every trade will be a home-run, when in doubt, take half of your position.

@josemarin255 3 жыл бұрын

This is glorious, I've been looking for "best option strategy ever pdf" for a while now, and I think this has helped. Have you ever come across - Winoorfa Option Olegroson - (Have a quick look on google cant remember the place now ) ? Ive heard some pretty good things about it and my partner got excellent success with it.

@troyschick1618 7 жыл бұрын

This isn't an interview for novice option traders. It won't make sense if you don't have a decent level of option knowledge. I appreciated the perspective.

@nobakwaas5161 5 жыл бұрын

yup

@DannyOvox3 2 жыл бұрын

Yeah the dude is all over the place just with common knowledge

@justinward6853 7 жыл бұрын

This was one of my favorite interviews, so much incite into things, I learned so much! Thank you

@Hugo-xj2mj 4 жыл бұрын

44:31 directional volatility traders 50:18 debit spreads

@trishiatrishia1740 3 жыл бұрын

Cheers for this, been searching for "close out option trade" for a while now, and I think this has helped. Have you heard people talk about - Winoorfa Option Olegroson - (do a google search ) ? Ive heard some super things about it and my partner got excellent results with it.

@bruceb85 6 жыл бұрын

What a great interview with such valuable information. He is telling you guys what works today and what doesn’t.

@RKarmaKill 5 жыл бұрын

Right on. Party kid / trader with plenty of analogies. Thanks

@FxHades01 Жыл бұрын

Thanks you Aaron . Bryan such a good guy .

@Alan_Nifty 8 ай бұрын

49:55 what is name of the book

@hamisintunzwenimana8083 Жыл бұрын

Good Technical 1. Market Fundamentals; Dark Pools

@tubewatcher38 7 жыл бұрын

WIEN !! Interesting & entertaining.

@RajatSharma-jk1qj 3 жыл бұрын

39:00 Interested in buying options and not selling them. That's great 👍

@hasanz5259 3 жыл бұрын

49:40 book recommendation

@VixCrush 6 жыл бұрын

This person's experience was similar to mine.

@norkagonzalez3408 4 жыл бұрын

Winner of a video, I been tryin to find out about "options adjustment strategies" for a while now, and I think this has helped. You ever tried - Winoorfa Option Olegroson - (should be on google have a look ) ? Ive heard some awesome things about it and my co-worker got cool success with it.

@westplace2001 8 жыл бұрын

yep Bryan weiner didn't really explain anything about his success as an option trader. What is his options strategy? what is his definition of success? what is his moment of clarity as a options trader?

@downtown9508 8 жыл бұрын

thanks. glad I didn't waste my time listening to something useless. appreciate it

@ChatWithTradersPodcast 8 жыл бұрын

+westplace2001 it was an interview - he's only going to answer questions which he is asked. You could list any question that wasn't included in the interview here, and say he didn't answer it...

@ChatWithTradersPodcast 8 жыл бұрын

+Down Town because this may not have been helpful to some, does not mean that's the case for everybody.

@solidsnake013579 6 жыл бұрын

if you are ignorant, even if a CBOE market maker tells you how they make money from the implied vol, you wont be able to benefit and learn from it

@nobakwaas5161 5 жыл бұрын

a word of caution for those who listened to this interview: Buying options is like gambling and is mainly for poor people. Option selling (OTM) is like running a casino and is for rich people. OTM options only have time value which decays fast in weekly or monthly options. Buying options is very very risky and you will always lose in the long term. You might make 3x or 5x every once in a while but that is just the extra push you need to keep losing more and more.

@danyan4608 5 жыл бұрын

Haha clearly you don’t know wtf you’re talking about. My bank account is very thankful for options trading the last 6 years.

@nobakwaas5161 5 жыл бұрын

@@danyan4608 screenshot?

@TheInvestmentCircle 5 жыл бұрын

Options trading is not like a casino at all... learn MACD, CCI, RSI and TTM’s and use on the underlying to determine movement of the option. Not too difficult. The hard part is taking emotion out of it.

@nobakwaas5161 5 жыл бұрын

@@TheInvestmentCircle Option buying is for highly skilled people since the position must become profitable within a short period of time...else losses are huge. I short options because they have a high probability of winning.

@michaelg3573 5 жыл бұрын

You're right. Idk what these other guys are talking about