Video Discription |
Options Trading Insights: How to Trade Options Effectively
Options Trading Pro John explains how to trade options in an uncertain market in his latest video. With over 20 years of experience, John provides key tips like using options flexibility to protect yourself during bear market rallies. He outlines strategies like credit spreads plus access to his educational ebook and coaching community. Join John's channel for more free options trading content and education from a true expert.
Outline
I. Introduction
Speaker introduces himself as John Apolitano, options instructor at Top Trading Pros
Options seem complicated but can be learned with time and experience
Speaker has over 20 years of experience in options trading
II. Current Market Conditions - Bear Market Rally
As of November 2, 2023, market appears to be in a bear market rally
S&P 500 chart shows downtrend but recent strength past 4 days
Bear market rallies "suck people in" right before more downside
Wait and see approach unless S&P breaks resistance around 435
Anticipation is market will head lower after bear rally ends
III. Benefits of Options Trading
Options provide choices for any market condition
Can buy puts and calls which are bullish and bearish
Sideways market strategies like butterflies and iron condors
Bearish trades with limited risk using credit spreads
IV. Options Education and Coaching from Top Trading Pros
1 year subscription with weekly coaching call with instructor
Ask questions about current trades, plans, strategies
Discord community to share ideas with like-minded traders
Receive trade alerts to practice with demo account
Learn strategies suited to your trading style and personality
V. Conclusion
Check out ebook and website for more free content
Subscribe to channel for more options strategies and education
Options require a plan and coaching for success
Not a get-rich-quick scheme, takes commitment to learn
Protect yourself in uncertain markets using options flexibility
Transcript
Hey, everybody. How are you? My name is John Napolitano. For those of you who don't know me, I'm with Top Trading Pros.
I am their options instructor, and it is my job to teach everyone who is willing to learn and willing to be educated in the options markets. There's a lot of pushback with options because everybody thinks they're complicated or they're too confusing, and I hear all this kind of nonsense. To me, that just sounds like excuses.
So I think that anything that's worth anything in life takes a little bit of time to learn. I have over 20 years of experience in options. You don't need to be this guru in options to learn how to trade effectively.
I have institutional as well as individual trading experience for over 20 years. So it's my job to try to educate everybody who is willing to participate. So if you like these types of videos, please like and subscribe our channel and check out a fantastic website, toptradingpros.com.
Plenty of free content. You could subscribe to my ebook, which describes my process in a much more detailed fashion than you can get, obviously, in a YouTube video. But what I do like to do from time to time, especially when there's kind of interesting stuff going on, is to make these videos and talk a little bit about what I'm seeing.
So right now, as I'm sitting here on November 2, 2023, the market to me is in what they call a bear rally. And I'm going to jump into my screen right now and I'm going to show you exactly what I'm talking about. And because a lot of times, psychologically, what happens is people think that, oh my God, the market's ripping and I'm going to miss it, and so on and so forth.
And I think that's kind of what's starting to happen. If you look at the S P right now, if you looked at any stock chart, anyone who even knows anything about stocks or whatever, even if you don't know anything at all, you would probably say that this chart doesn't look that good. Current price is here, but just a few months ago, it was all the way up here, so it's still in a downward trend.
Now the market has had one, two, three, and if you count today's candle, four days of continued strength, that gets people fired up. It gets people kind of sucked in. And usually when people pile into something and they get sucked into something, there's no more buyers left.
And then the market, of course, what it does is it inflicts maximum pain on people, and the market just continues along its trajectory, which is down, as you can see right here. Right? So right now it's a wait and see for me, because unless the market decides to break this area here, which is pretty far away still, I'm using the S and P as an example. I'm just using Spy, which is the S and P 500 ETF.
If the market goes above 435 here, that's a different story. But we're not there yet. We're here.
John Napolitano: Options Trader
Support: support@toptradingpros.com
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