Mike Shorr’s Short-Term Options Trading Strategy, Ep #39

Dec 17, 2020

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Mike Shorr got a job as a clerk and within six months became a junior trader. He was at the Board of Trades in the treasury 10-year pit. He went out on his own, and after two years with a partner, they were acquired by a start-up. He ran that group from 1999–2002 in Minnesota. When implied volatility was cut by ⅔, nothing was moving, so he switched from bonds to grains.

As screen-trading became more prevalent, Mike knew he didn’t want to stand in the trading pit anymore, but he didn't want to be done. So he came off the trading floor and started working with Prosper in 2013. How does Mike find success with short-term options trading? What does he believe is important for new traders to master? Find out in this episode of How To Trade It!

You’ll want to hear this episode if you are interested in...

[0:50] How do President Trump’s Tweets impact the market?
[4:53] How Trump’s tweet impacted Mike’s short-term options
[7:39] Being wrong is okay—being really wrong is not
[9:16] How to manage risk when buying a call
[19:00] Mike’s history on the trading floor
[24:12]What training does Mike offer?
[29:36] How to get a FREE pass to Mike’s room

Connect with Mike Shorr

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