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Video #6

This is a 1-Hour coaching call I did with OptionsGeek Member Andy on "The Wheel'," a popular options selling strategy. I follow this video up with an interview 10 months later...

▶︎ Exclusive: A Private Coaching Session

Inside you will learn:
- How the Top Pros Sell Options.
- The unmentioned risks of selling options.
- The Traps to Avoid when selling options

▶︎ Andy's Transformative Journey

Summary

Andy's Transition to Passionate Options Trader: Initially unsure about options trading strategies, Andy opted for a buying strategy focused on Unusual Options Activity (UOA) after a coaching session highlighted the risks of selling strategies for his small account. His success over the past year has significantly boosted his confidence.

▸ Development of Trading Process: Andy developed his trading process by incorporating OptionsGeek tools and the newsletter into his routine, focusing on relative volume and themes to guide his picks. His approach evolved to include patience and strategic entry points, aiming to buy at better prices than the "big money" investors.

▸ Mental and Technical Strategies for Trading: Andy emphasizes the importance of mental toughness, which he maintains through physical activity. His technical analysis involves using risk-reward break-even prices, trend lines, and pattern recognition to make informed decisions. Additionally, Andy utilizes alerts and a curated watchlist to stay updated on potential trades despite a demanding full-time job.

Overview

When I first met Andy, he was at a crossroads with options trading, uncertain whether to pursue buying or selling strategies. After a detailed coaching session, it became clear that a buying strategy focusing on Unusual Options Activity (UOA) was more suited to his

smaller account, as selling strategies generally require larger accounts to mitigate risks effectively. This decision marked the beginning of Andy's journey from cautious interest to passionate engagement with options trading. Over the past year, Andy's success with the UOA strategy has not only bolstered his confidence but also transformed trading into a passion, evident in his more assertive posture and demeanor during our interview.

Andy's trading process has evolved significantly since he began. Initially, he did not utilize option scanners and was unfamiliar with how to leverage good information to his advantage. Over time, he developed a process that incorporates these tools, focusing on relative volume and thematic trends to guide his selections. This approach has led him to make more informed decisions, relying on patience and strategic entry points to align his trades with those of significant market players.

Despite the constraints of a demanding full-time job in a restricted area without access to his phone, Andy has devised a system to stay informed and make trades. He uses alerts and a curated watchlist to monitor the market and relies on Felix's newsletter for potential trades. His dedication extends beyond the daily trading; Andy emphasizes the importance of mental toughness, a trait reinforced by physical activities like running and biking to manage the stress and disappointments that come with trading.

Andy's technical analysis combined with Felix's unique concept, the "Risk-Reward Break-Even Price," play a crucial role in his trading strategy. He focuses on trend lines and pattern recognition to evaluate potential trades. This methodical approach, coupled with his use of alerts to track significant price movements, allows him to make decisions based on a comprehensive view of market dynamics.

In conclusion, Andy's journey in options trading reflects a significant transformation driven by education, strategic planning, and mental discipline. His story offers valuable insights into the development of a successful trading process, highlighting the importance of adapting strategies to fit personal circumstances, leveraging available resources, and maintaining mental resilience in the face of market volatility.

Andy's Results

These are text messages and photos sent by Andy to update me.

OptionsGeek Andy 2
OptionsGeek Andy 11
OptionsGeek Andy 8
OptionsGeek Andy 7
OptionsGeek Andy 1
OptionsGeek Andy 10
OptionsGeek Andy 9
OptionsGeek Andy 4
OptionsGeek Andy 5

Video 6

▶︎ A Private Coaching Session

Inside you will learn:
- How the Top Pros Sell Options.
- The unmentioned risks of selling options.
- The Traps to Avoid when selling options

Andy's Transformation

Andy's Results 

OptionsGeek Andy 2
OptionsGeek Andy 8
OptionsGeek Andy 7
OptionsGeek Andy 1
OptionsGeek Andy 10

Up Next...

VIDEO
7

▶︎ The Goal = Trade Ideas

Inside you will see:
- A Quarter's worth of Trade Ideas.
- How the Process translates into a Trade Idea.
- The managed approach to the Strategy.

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Information contained in any email and this website maintained by OptionsGeek, LLC (“OptionsGeek”) are provided for educational purposes only and are neither an offer nor a recommendation to buy or sell any security, options on equities or indices, or cryptocurrency. OptionsGeek and its affiliates may hold a position in any of the companies mentioned. OptionsGeek is neither a registered investment adviser nor a broker-dealer and does not provide customized or personalized recommendations. Any one-on-one coaching or similar products or services offered by or through OptionsGeek does not provide or constitute personal advice, does not take into consideration and is not based on the unique or specific needs, objectives or financial circumstances of any person, and is intended for educational purposes only. Past performance is not necessarily indicative of future results. No trading strategy is risk free. Trading and investing involve substantial risk, and you may lose the entire amount of your principal investment or more. You should trade or invest only “risk capital” - money you can afford to lose. Trading and investing is not appropriate for everyone. We urge you to conduct your own research and due diligence and obtain professional advice from your personal financial adviser or investment broker before making any investment decision.

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