Options Bootcamp 11: Busting Myths and Taking Names

Basic Training: Busting Options Myths:

1) Market makers know where the stops are, therefore market makers who take the other side of trades are taking advantage of retail customers.

2) The only way to trade profitably is to be a dark side short premium seller. Plus, credit spreads are better than debit spreads.

3) I only need to be good at one trading strategy.

4) Option trades and spreads in particular are difficult to execute and should only be handled by professionals with years of experience.

5) Options are too risky for the retail customers.

Mail Call: Our drill instructors answer your questions.

Email From Alan Donson: Your format is excellent. Please add more pure options trade/content and feature John Critchley. Your intense focus on real options information with a view to options profits, not tedious theory is highly appreciated.

TWEET FROM @ReallyG: You suggested put buy as an ASET to limit buy order? Certainly not in the gap below strike scenario your guests were discussing.

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