≈ Learn to sell premium ≈
Traders,
One of the most popular tactics used in the options market is to sell premium to generate cash flow. When you sell an option, or an option spread you receive a credit to your account. These strategies are known as ‘Theta’ positive strategies.
Last night, during the weekly webinar, Coach Tyler did a deep dive on how he sells premium in this market condition which happens to have high Implied Volatility (IV). If you have not watched it, catch the replay below it is a valuable hour of education.
As markets adjust, trader’s who have a diverse playbook can adjust with them. Over the course of years of trading, you will find yourself focused on Delta trading in certain markets, Theta trading in certain markets and Vega trading in other markets.
If you’ve not studied your Theta strategies yet, take the time to review the Tackle Playbook and brush up on your rules: https://tackletrading.com/store/tackle-trading-playbook/
Some trader’s find that selling options for cash flow is the perfect trading plan for their account. Other’s use it when the opportunities are right in conjunction with their other systems. Whatever your personal trading plan is, it’s important to know how to execute these strategies properly.
#TeamTackle
Chart of the Day
AAPL Daily Chart
During last night’s webinar, Coach Tyler used AAPL as an example. It’s in a bullish retracement pattern, and premium sellers would look for cushion from the current price to set their strike prices.
Video of the day
How to sell premium in a High IV Market
Coach Tyler teaches how he sells premium when Implied Volatility is high in this webinar. Watch the recording.
Traders Lounge 11 AM EST
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Cashflow Club 8:30 PM EST
Held every Thursday before Friday’s option contract expirations, this show helps you perfect your favorite cashflow strategies.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
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