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Option Alpha
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Добавлен 11 июн 2009
New 0DTE Research + Learn To Automate a 0DTE Trading Strategy
www.optionalpha.com - New 0DTE research on the rate that SPX closes within a .1%-.5% range from a specific time of day. Plus step by step instructions to create a bot to automatically trade the research data.
Download the research data here:
app.optionalpha.com/assets/research/peg.xlsx
Check out the rest of the Options Trading 2.0 playlist in which I set up and trade a $10K account from scratch:
ruclips.net/p/PLhKnvfWKsu42lN7znnqW110gdw6Gy5u3f
- These are my own personal trades not trading advice.
Download the research data here:
app.optionalpha.com/assets/research/peg.xlsx
Check out the rest of the Options Trading 2.0 playlist in which I set up and trade a $10K account from scratch:
ruclips.net/p/PLhKnvfWKsu42lN7znnqW110gdw6Gy5u3f
- These are my own personal trades not trading advice.
Просмотров: 2 495
Видео
3 Backtested 0DTE & Earnings Trades
Просмотров 1,9 тыс.21 день назад
www.optionalpha.com - Today I made 1 0DTE SPX Iron Condor trade and 2 new earnings trades in UNP and RCL with large reward/risk ratios. Check out the rest of the Options Trading 2.0 playlist in which I set up and trade a $10K account from scratch: ruclips.net/p/PLhKnvfWKsu42lN7znnqW110gdw6Gy5u3f - These trades are my own personal trades not trading advice.
3 Backtested Earnings Trades to Start Earnings Season
Просмотров 1,8 тыс.28 дней назад
www.optionalpha.com - Earnings season is finally here! Today I make 3 new earnings trades in MS, BAC and UNH with large reward/risk ratios. Check out the rest of the Options Trading 2.0 playlist in which I set up and trade a $10K account from scratch: ruclips.net/p/PLhKnvfWKsu42lN7znnqW110gdw6Gy5u3f - These trades are my own personal trades not trading advice.
0DTE Backtesting + my new fav 0DTE strategy
Просмотров 12 тыс.Месяц назад
www.optionalpha.com - Quick intro to 0DTE Oracle, a new tool to help find 0DTE and next day trading opportunities. Each trade's metrics are backtested against the underlying's previous 1 year of intraday minute data to see how trading a similar position daily would have performed over that time. In this video I also catch up on recent earnings trades results and cover 0DTE trades I've made toda...
Trade of the day: WBA Earnings Trade
Просмотров 1,6 тыс.Месяц назад
www.optionalpha.com - Today's quick earnings trade is a WBA Long Put Spread with an 657.6% reward/risk ratio and 35% historical win rate. Check out the rest of the Options Trading 2.0 playlist in which I set up and trade a $10K account from scratch: ruclips.net/p/PLhKnvfWKsu42lN7znnqW110gdw6Gy5u3f - These trades are my own personal trades not trading advice.
Trade of the day: FDX Earnings Trade
Просмотров 1,5 тыс.Месяц назад
www.optionalpha.com - Today's quick earnings trade is a FDX Long Call Spread with an 242.5% reward/risk ratio and 50% historical win rate. Check out the rest of the Options Trading 2.0 playlist in which I set up and trade a $10K account from scratch: ruclips.net/p/PLhKnvfWKsu42lN7znnqW110gdw6Gy5u3f - These trades are my own personal trades not trading advice.
Trade of the day: ORCL Earnings Trade
Просмотров 2 тыс.2 месяца назад
www.optionalpha.com - Today's quick earnings trade is an ORCL Broken Wing Iron Condor with an 88.7% reward/risk ratio and 70% win rate. Check out the rest of the Options Trading 2.0 playlist in which I set up and trade a $10K account from scratch: ruclips.net/p/PLhKnvfWKsu42lN7znnqW110gdw6Gy5u3f - These trades are my own personal trades not trading advice.
Backtested Broken Wing Iron Condor Earnings Trade
Просмотров 1,9 тыс.2 месяца назад
www.optionalpha.com - Today's quick earnings trade is a CRWD Broken Wing Iron Condor which backtested for an 89% win rate. Check out the rest of the Options Trading 2.0 playlist in which I set up and trade a $10K account from scratch: ruclips.net/p/PLhKnvfWKsu42lN7znnqW110gdw6Gy5u3f - These trades are my own personal trades not trading advice.
Backtesting Earnings Trades
Просмотров 3,8 тыс.2 месяца назад
www.optionalpha.com - Jumping right back into earnings trades with a new tool, Earnings Edge, to help me find strategies that work consistently over the past 5 years of earnings reports. Check out the rest of the Options Trading 2.0 playlist in which I set up and trade a $10K account from scratch: ruclips.net/p/PLhKnvfWKsu42lN7znnqW110gdw6Gy5u3f - These trades are my own personal trades not tra...
Poker vs Options Trading + using Reward/Risk to trade with an edge
Просмотров 4,3 тыс.3 месяца назад
www.optionalpha.com - In today's video I contrast a common poker scenario with options trading scenarios, cover how to calculate minimum reward/risk for trades to have an edge and reflect on the results of recent earnings trades. Check out the rest of the Options Trading 2.0 playlist in which I set up and trade a $10K account from scratch: ruclips.net/p/PLhKnvfWKsu42lN7znnqW110gdw6Gy5u3f - Thes...
Find symbols to trade with liquid options + GS short call spread and SBUX earnings trades
Просмотров 2,2 тыс.3 месяца назад
www.optionalpha.com - In today's video I give a quick catch up on trades made in earlier videos, find symbols to trade using options liquidity research and elevated RSI, trade a GS short call spread in Trade Ideas and place a SBUX earnings trade. Check out the rest of the Options Trading 2.0 playlist in which I set up and trade a $10K account from scratch: ruclips.net/p/PLhKnvfWKsu42lN7znnqW110...
Trading Earnings Strategically Using Options (Part 2)
Просмотров 3 тыс.3 месяца назад
optionalpha.com - In this video I analyze the results of the trades made in the first earnings video, adjust my strategy and make 2 new earnings trades for next week using the updated earnings tool in Option Alpha. I also place a trade in Trade Ideas using the new Max Pain chart. Check out the rest of the Options Trading 2.0 playlist in which I set up and trade a $10K account from scratch: rucl...
Trading Earnings Strategically Using Options
Просмотров 3,6 тыс.3 месяца назад
optionalpha.com - In this video I place 4 different earnings trades for tomorrow morning using a win 1 of 4 betting strategy. I also analyze historical earnings stats, max pain theory and earnings estimates. Check out the rest of the Options Trading 2.0 playlist in which I set up and trade a $10K account from scratch: ruclips.net/p/PLhKnvfWKsu42lN7znnqW110gdw6Gy5u3f - These trades are my own pe...
Options Trading 2.0: Expected Value - how to calculate EV + set up a bot to trade EV automatically
Просмотров 3,4 тыс.3 месяца назад
optionalpha.com - Quick breakdown of Expected Value (EV), how it's calculated, why it's important and how to create a bot to trade EV opportunities automatically. Check out the rest of the Options Trading 2.0 playlist in which I set up and trade a $10K account from scratch: ruclips.net/p/PLhKnvfWKsu42lN7znnqW110gdw6Gy5u3f - These trades are my own personal trades not trading advice.
Options Trading 2.0 - Getting Started
Просмотров 8 тыс.3 месяца назад
optionalpha.com This is the first video in a new series covering Options Trading 2.0. In this video, I set up a new account from scratch, create my first bot, cover math and probabilities when looking for a trade and place my first live trade. Check out the rest of the Options Trading 2.0 playlist in which I set up and trade a $10K account from scratch: ruclips.net/p/PLhKnvfWKsu42lN7znnqW110gdw...
Interview w/Jack Andrews of Unabated
Просмотров 1,2 тыс.4 месяца назад
Interview w/Jack Andrews of Unabated
Steve's Autotrading Journey #8: Creating a Custom Watchlist to Find Iron Condor Trade Ideas
Просмотров 2 тыс.5 месяцев назад
Steve's Autotrading Journey #8: Creating a Custom Watchlist to Find Iron Condor Trade Ideas
Interview w/ Cem Karsan of Kai Volatility Advisors
Просмотров 6 тыс.6 месяцев назад
Interview w/ Cem Karsan of Kai Volatility Advisors
Steve's Autotrading Journey #7: AAPL Long Call Spread, Santa Claus Rally, & Portfolio Beta Weighting
Просмотров 2,3 тыс.7 месяцев назад
Steve's Autotrading Journey #7: AAPL Long Call Spread, Santa Claus Rally, & Portfolio Beta Weighting
tastytrade Short Put Assignment Training
Просмотров 3,2 тыс.7 месяцев назад
tastytrade Short Put Assignment Training
The "Old" Way vs. "New" Way to Trade Options
Просмотров 24 тыс.7 месяцев назад
The "Old" Way vs. "New" Way to Trade Options
Steve's Autotrading Journey #6: Managing Ex-Dividend Assignment Risk
Просмотров 1,2 тыс.8 месяцев назад
Steve's Autotrading Journey #6: Managing Ex-Dividend Assignment Risk
Steve's Autotrading Journey #5: Manually Adding Positions to my Trade Ideas Bot
Просмотров 1,3 тыс.8 месяцев назад
Steve's Autotrading Journey #5: Manually Adding Positions to my Trade Ideas Bot
How to Use The ‘Alpha’ Metric to Find Better Trades
Просмотров 4,7 тыс.8 месяцев назад
How to Use The ‘Alpha’ Metric to Find Better Trades
Steve's Autotrading Journey #4: A Closer Look at My Automated Trade Ideas Bots
Просмотров 2 тыс.8 месяцев назад
Steve's Autotrading Journey #4: A Closer Look at My Automated Trade Ideas Bots
Automated Options Trading #19: Adjusting DTE Targets for Trade Ideas
Просмотров 2 тыс.8 месяцев назад
Automated Options Trading #19: Adjusting DTE Targets for Trade Ideas
tastytrade 21 DTE Management Now Automated
Просмотров 3,6 тыс.8 месяцев назад
tastytrade 21 DTE Management Now Automated
Automated Options Trading #18: Why "No Trade Ideas Found" Is A Good Thing
Просмотров 1,7 тыс.8 месяцев назад
Automated Options Trading #18: Why "No Trade Ideas Found" Is A Good Thing
Steve's Autotrading Journey #3: Evaluating my Autotrading Portfolio's Performance
Просмотров 1,6 тыс.8 месяцев назад
Steve's Autotrading Journey #3: Evaluating my Autotrading Portfolio's Performance
Automated Options Trading #17: Fixing My Assignment Monitor Automation
Просмотров 1,6 тыс.8 месяцев назад
Automated Options Trading #17: Fixing My Assignment Monitor Automation
Something tells me you could automate all of those after the initial oracle trade is placed. I'm going to give it a shot today.
Doesn’t taking profit at 40% mess up the math? You’re taking away the 150% risk/reward if you do that. You are also increasing the win rate, but there’s no way to know if the increase in the win rate is enough to offset the loss in the r/r.
@OptionAlpha or Anyone. Since option2.0 is out for few months, what does the performance looks like? Can anyone please share their experience with these bots?
Outside of the bot scenario. Does your subscription allow a member to find option trade ideas? I am with TradeStation.
Yes, we have 3 tools to help find ideas: "Trade Ideas", "Earnings Edge" and "0DTE Oracle". All 3 scan the options market in a different way looking for opportunities and present them in a list that you can sort and filter to find a trade that matches your trading goals and risk tolerance.
Thanks for the video! I'm going to papertrade this bot for sure this week. My normal debit trade bots are getting decimated in this environment.
I recently switched from running debits to credit spreads too. The return of volatility is welcome!
These bots would really need to have the ability to define the slippage and take that into account in the price calculations.
Hi vikable. They do take into account slippage. The bot is set to allow up to $0.05 slippage from the mid price. At $0.05 slippage the reward/risk is still likely to be above 100% but if not it will be 98%+ which is still favorable with a 56-70% anticipated win rate.
Hi Jack, just a thought on those OTM earnings verticals; Since they're such low probability/high reward trades, would it make sense to ratio them heavier on the long option side, even if by just one contract? That way, you're paying close to the same in premium, but with just one long option more you could be making uncapped upside potential if you get a runner. Same would of course go for downside directional trades, or if you're really wild you could bet on Red and Black at the same time. 🤪 Thanks, and God Bless.
Hi! I tend to use the short leg to reduce overall risk and increase the reward/risk ratio. The cost associated with the long leg is sometime too high to get a chance for a multiple that justifies the risk. For example, if the 100 long call is $3 and the short 102 call is $2.50, the the difference is $0.50 and on a $2 wide spread I have a chance at 300% return on risk if the underlying price closes above 102 at expiration. If I just bought the long 100 call at $3, I'd need it to close at 112 in order to get the same 300% return on risk.
Shouldn’t it be $5 above the SHORT call?
Yep, it produced an error on the first run and has been fixed
I feel like that research only works in the same volatility range. The Vix was supper low for a long time, no longer.
Hi Tim, I originally thought the same thing. However, what our research has shown is that the majority of large price moves caused by the increase in volatility happen overnight and intraday prices tend to get "pegged" in a certain range at a certain time of day a statistically significant percentage of the time regardless of low or high volatility. You can contrast the difference between recent vs longer term using the 3 time ranges. Comparing the 30 day vs the 180 day value will give you a better idea of what the current trend is and even with recent volatility the stats are fairly similar.
Hi, thank you so much for your videos, I noticed an issue in the opportunity when selecting the long call side of the iron condor, it was set to exactly $5 above of the long call leg, but it should be $5 above the short call leg, right?
Yep, it produced an error on the first run and has been fixed.
What are the best resources (books, websites, vids, etc.) before diving into options trading?
Hi Jose, check out optionalpha.com/courses. The beginner track is a great place to start.
Hey Jack, Great ideas.. Realise that the full market day is not yet available - but I don't have exactly 0 days available either? Would also like to know how you generated the Peg Spreadsheet.
Hi WhiteRabbit. The "Exactly 0 days" option is a new shortcut for the option below it set to 0 days. It will be in our coming release. The Peg spreadsheet was generated from the backtest results using code and the excel4node module.
You did $5 above the long call. It should be $5 above the short call position
Yep, it produced an error on the first run and has been fixed
I dont have $25K in my account, so this does not apply to me.
I don't have $25K in this account either. These positions are held until expiration so they don't count as a day trade. I started this account from scratch with $10K in the beginning of this video series: ruclips.net/p/PLhKnvfWKsu42lN7znnqW110gdw6Gy5u3f
I'm new to trading, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
Hi Doyle, check out optionalpha.com/courses. The beginner track is a great place to start.
Hey Jack. What do you think about adding time based entries into the automation such as only running the .4 after 1pm if the .5 didn't kick in earlier and and a later time for the .3 so the bot has time to get into the best trade?
It would be easy to add time based checks and could be a good way to get into positions with the highest chance of success. The only concern I'd have is when volatility drops it gets harder to get 100% reward/risk later in the day so the bot may stop trading. Give it a try and let me know how you do!
Hello. Any way to increase the spread width to 50 or so? With SPX 25 is just not enough when volatility increases.
Also, how do we roll over option in OptionAlpha? And how do we create limit order to close option in OptionAlpha?
Confused again: at 2:20 we are looking at UNP long PUT spread, but after the refresh all trades are long CALLS, which is what is ultimately traded at the 3:35 mark.
Might be a good idea on the earnings trades to close out 90% as soon as the trade is profitable, and let the remaining contracts ride if there is a possibility for continued momentum.
What about 0DTE long SPX straddles with a 33% trailing stop? Seems like a good strategy lately as the market tends to move substantially in the first hour and also right before close. I like what your shirt says 🙏🏾.
Wonderful gesture. Lets learn trade, win and also help underprivileged achive their dreams. Too good
OA its just incredible service, guys. Jack and Kirk are rocks. ❤
Jack, do you close out these trades prior to the expiry date? And if so, how long before a trade expires do you close it out? Thanks!
I typically hold until expiration. SPX is cash settled so there's no assignment risk.
Wow, Jack, you are doing great work. I have a quick question on the SPX trade are you keeping this trade till the market closes? Is it not a risk for assignment
Thanks! I typically hold until expiration because SPX is cash settled so there's no risk of assignment.
As someone who sponsors a little girl in Africa - I love the idea of sponsoring children with the profits. “BOOM! We just got our first child sponsor.” Love it.
Boom❤
Yeah that made me chuckle haha
Great video. Couple questions. Does the analysis include any commissions? Why would you rather do múltiple contracts in a 5 wide IB vs one contract in a say 25 wide IB? Does the analysis support that?
Thanks for these videos I enjoy them
Do you have a template for your manual trade bot or have you shared it on the community page? I have seen you use it in several videos, but wanted to know what parameters you gave it.
OK this is kind of a confusing video because you have how many strategies here you have the iron butterfly you have the iron condor and then you have at the end up buying calls and put it doesn't seem like this is an ideal strategy especially if you're on a platform like Robinhood you can't even trade it to B SXPY andthey will get you out of the trade you know at like 315 or whatever if you are in the money. But it's interesting to look at it
EE is excellent for it's incredible depth of information. Thanks! One question: does it matter if you enter the trade 12DTE or 3 DTE I'm not sure if I understand correctly if the DTE is included in the backtest data.
Wow I run this on spx for last 3 weeks and I got it down but thanks for this tool! I usually use option strat calculator just to see where my breakevnns are. Trust me try running it 70 points out each way. Risk 7k to make 3k or two lots. When I close early because it nears my beewkeven I’m closing at least 800 plus profit. Yup butterflies cons are that u need to be dead on at close to hit 100%. This past week before the last two days I let mine exp for 97% and the other 95% two days in a roll. The time I been backtesting it, only once had it exp 99%. I usually never let it exp unless I clearly monitor until 12 and confident that even if it has that last 10 min spike I would still be good. I usually aim for 55% but been learning to take it at 23% because I still net over 800
When you will have API to Interactive Brokers ?
I’ve been trading the short Iron Butterfly part of this strategy for quite awhile with decent success. I think it’s important to share that getting filled at $4.50+ on a 5 wide ironfly 90 minutes before the close - is not easy unless SPX is trading at least 10 points away. And of course - if we’re trading 10 pts away from the center strike, the probability of profit is pretty low (like really low). I like the idea of layering the long Iron Condor - thank you for sharing Jack!
Hello Jack, Thanks for doing this, could you please make a video especially, i was not sure how you bought those protective legs within the trade,Thanks
Did this make ~$135 at close (with SPX closing at ~5475 that day), or did you work the legs early?
Yep, Jack let it expire. Made around $150.
@@robertcernera8905 gotcha, thanks! Think it would have been $135 on paper: $635 credit and a $500 loss from the ITM credit spread (also less the costs/fees trading the 10 legs and assignment fees on two). Still like 37% return on risk though, pretty awesome with a 0DTE trade that isn't buying OTM singles or something lol
Nice Video. Can we can backtest using third party Buy/Signals signal?
No, only the preconfigured signals inside of Option Alpha at this time. But you can execute an automation with any kind of signals you want using inbound webhooks.
please make more video about 0DTE SPX… thx
How come you can't make a bot automatically out of these?
We're still brainstorming how that might work on the backend. It's on the list.
I don't get it. Why is it that you are looking at historical data to speculate what will happen now with ODTE? Isn't the disclosure that past performance is no guarantee for what's to come. Just help me understand this concept please.
This is not like a traditional backtest. It's showing you what would have happened if you found the same exact trade every single day the underlying traded over the past year. So if you found the same iron condor at 2PM in SPX every day for the last 252 trading days and the win rate was 10%, you may not want to enter that position.
Thats a statement to cover analyst ass. U generally do expect past indicative of future in probability or real life. Just like ur class top student likely to get a good grade . And lowest performing student likely to drop out.
Amen! I've subscribed to OA since January - they communicate in straightforward and understandable manner for this retiree. BTW, because of them I'm mostly "in the green"! Thanks OA (ps - this is not a paid endorsement)
Good to see you Jack! What a GREAT valuable feature we have now with 0DTE! Thank you OA team for always giving us goodies!
boom share your bot you mook so I can fix it for you LOL
Why not just use 1 wider fly from the get go?
Witch time of the day you buy it and sell it?
Love it and your tshirt too btw. Peace
The trades didn't age well. All of your hunches didn't pay off and they all moved the opposite direction. Am I correct that you lost money on all of these trades?
Great Job Jack. What is your exit strategy?
I typically hold to expiration except when the long put or long call go deep ITM then I take the big profit off.
@@OptionAlphawhat do u do if the iron condor is a loser ITM at expiration? if take assignment, need pay fees. so, close loser spread 5 minutes before expire, and close short leg of winning side?
SPX? It's a miracle! Praise ...
That's a great news! Possibility to trady SPX is a gold. Plus screener for 0dte...