I'm sharing a 3 year study in this episode around trading weekly options on SPY and SPX. There are 3 expirations per week. Monday, Wednesday, and Friday and I wanted to see if there was a difference in performance if you were to sell put credit spreads with 7 days to expiration on each of those days? So I backtested selling 7DTE spreads on each of those days going back 3 years from late May 2020 to find out. You may be surprised which day of the week outperformed the other two. I used eDeltaPro to do the backtesting. Here's the link for those who are interested in backtesting on their own: http://bit.ly/2QmEHKI Consider becoming a $5 Podcast Supporter to view the performance results of the study discussed in this podcast. Sometimes it's easier to understand if you can see the results so I'm providing these resources to supporters of the show. Here's the link: https://bit.ly/2ZJWcJG Podcast supporters enjoy access to other studies, research, and training videos over on Patreon.Thanks for listening. J. Eric O'Rourke https://www.patreon.com/VerticalSpreadOptionsTrading

Al Losada, founder of Simple Option Strategies, dives deep into SPX options trading. He shares clear techniques for setting up credit spreads on expiration day, emphasizing timing over volatility. The discussion shifts to managing risks and optimizing returns while navigating complex market dynamics. Al also reflects on a challenging leveraged ETF investment, underscoring the importance of technical analysis and patience. Finally, he highlights the significance of community in trading, fostering collaboration for shared success.

Al Losada, an expert in SPX options trading and founder of Simple Option Strategies, shares his journey into the world of options. He discusses the influential book, 'Profiting with Iron Condor Options,' which shaped his trading approach. The conversation dives into mastering SPX trading tactics, emphasizing risk management and understanding options decay. Al also touches on the challenges of trading weekly options, highlighting the importance of timing and strategy, especially during critical market events.

There are different ways to get long and different ways to trade with leverage.   In this episode, we're going to look at both by comparing two leveraged ways of getting long the S&P500. We're going to use the buy and sell signals of the Pure Alpha Strategy as applied to the SPY.  We'll discuss the results of trading shares of SSO based on the buy and sell signals of the strategy. SSO is 2X Bull ETF of the S&P500. We'll then discuss the results using the same buy and sell signals of SPY but then buy an "at the money" call debit spread, also known as a bull call spread.   As mentioned in the podcast, see the links below to get the video training of the Pure Alpha Strategy.  Pure Alpha Strategy (Part 1): bit.ly/2Jjzu1G  Pure Alpha Strategy (Part 2): bit.ly/33Z2ANq  Pure Alpha Strategy (Part 3): Crisis Alpha study on UVXY bit.ly/2UZjXJX  Thanks for listening and supporting independent stock market research.   J. Eric O'Rourke https://www.patreon.com/VerticalSpreadOptionsTrading

A Crisis Alpha Strategy is meant to generate profits during market corrections, pullbacks, or even black swan type events and can be traded as a stand alone strategy.In this episode, we'll discuss a quantitative trend following strategy called the Pure Alpha Strategy applied to UVXY which is a leveraged volatility product. Check out this article for more information on UVXY.https://sixfigureinvesting.com/2015/03/how-does-uvxy-work/The 5 year performance of getting long volatility using the Pure Alpha Strategy on UVXY inherently gets you protection before any major market corrections. Consider becoming a $5 Podcast Supporter over on our website if you're interested in the video training for the Pure Alpha Strategy discussed in this episode. The video training is in Parts 1 and 2 below. Part 3 shows the performance for UVXY discussed in this video and there's more to come as we look to apply the Pure Alpha Strategy to various asset classes.To become a Podcast Supporter and get access to the video training, simply click one of the links below to get started.Pure Alpha Strategy (Part 1):bit.ly/2Jjzu1GPure Alpha Strategy (Part 2):bit.ly/33Z2ANqPure Alpha Strategy (Part 3): Crisis Alpha study on UVXYbit.ly/2UZjXJXThanks for listening and supporting independent stock market research. J. Eric O'Rourkehttps://www.patreon.com/VerticalSpreadOptionsTrading

Check out the SPX Income Masterclass:https://www.stockmarketoptionstrading.net/spaces/4688450If you're new options trading, I think you're really going enjoy this episode on what I think is the best options strategy for beginning options traders.It's one thing to understand the mechanics of options, but in this episode we're going to look at trading this strategy as running an insurance company so you know exactly how to think about this trade.Thanks in advance for subscribing and sharing this podcast. Also, Alpha Traders Club is where I host my SPX Live Chat each day for trading SPX weekly options. We focus on the premarket data and levels, technical analysis, and options flow for trading high probability trades for weekly income. Alpha Traders Club also posts Conservative Covered Call trades each week for generating weekly and monthly income trading options on high quality stocks and ETFs. Here's the link: https://www.stockmarketoptionstrading.net/spaces/12282222Disclaimer: This podcast is for informational and educational purposes only and should not be considered financial advice. Eric O'Rourke  

Discover how to capitalize on market pullbacks by buying SPY call options after volatility spikes. The discussion highlights a strategic approach using VXX as an indicator for timing your trades. Analyze historical win rates and explore essential risk management techniques to maximize profits. Tune in to learn when to get long in the stock market for potentially lucrative outcomes!