Band of Traders - Together We Trade The Option(al) Experience: Ep. 3: Finding an Options Strategy
The third installment of our dedicated options series kicks off with a great discussion between Blayne Macauley (Host of the Penny Lane Podcast) and Erik Smolinski (Creator of esInvests) about modifying your trading plan to fit your schedule, with Erik sharing some ideas that require less hands-on management. Afterwards, we review last week's homework and look at a paper trade by one of the students. Homework for this week is light, continue to refine your strategies and prepare for an open Q&A next time.
Check it out on YouTube if you want to be able to see Erik's screen!
If you have questions to submit for the next miniseries episode, email it to 2bulls@financialineptitude.com or post it in our Discord.
About Erik:
Erik is a lifelong investor and self-made millionaire looking to share how others can achieve the same. He is hoping to share his experience with active and veteran military members to expose them to opportunities.
He came from a single parent low-income household, worked odd jobs as a kid, and began investing in high school. Erik wasn't going to attend college and planned to enlist in the Marines, but a mentor directed him to apply for a scholarship (which he earned). While he pursued his undergrad, he dug deeper into investing and trading - finding derivatives which he primarily trades. He completed over 6 years of active duty before transitioning to the reserves, earning an MBA during his last year. Erik then spread into real estate and angel investing as his means grew, to accelerate capital growth.
About Blayne:
At the age of 23, Blayne Macauley authored the 5th ranked real estate blog in the world. She started an art business in 2016, which she built into a 6-figure company within 3 years. In 2020 she founded The Penny Lane Podcast about retail trading, which was ranked among the top investing podcasts on iTunes and was featured in the New York Times. She is a daily market commentator, author of "The Intermediate Trader Blog," and podcast host for the Place Your Trades Network. She was featured in the documentary film The New Americans by Ondi Timoner.
Blayne has worked as the Marketing Director for a luxury real estate company, Beacham & Company, Realtors, for the past 17 years.
Guest Links:
esInvests YouTube Channel - Erik Smolinski's YouTube
esInvests Website - Erik Smolinski's Website
Subscribe to Blayne's Substack
Move Me Brightly - Blayne's New Podcast!
The Penny Lane Podcast - Website
Socials:
Follow Erik Smolinski on Twitter
Other Links:
Covered Strangle Master Class - YouTube
Ratio Diagonals 501 - YouTube
Homework:
- Continue refining the strategy that most appeals to you
- Prepare for open Q&A for the next session
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