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Podcast: Options Boot Camp
Episode: Options Bootcamp 28: Pro Tips, or Learning from the Mistakes of Others
Description: Basic Training: Pro Tips Swap LEAPS for stock when writing covered calls. Everyone, even pros, have losing trades. Never ever ever enter a market order in the options market place pre-market. Swap in-the-money calls for stock whenever possible to utilize trading capital more efficiently. Use implied volatility on all your option trades. Don't base a sale or purchase of an option based purely on the implied volatility levels without understanding the context on the implied. When looking at implied volatility, be very careful around expiration. Don't be a lemming and blindly follow "unusual activity". Often it's better to...