Cover art for podcast The Option Alpha Podcast

The Option Alpha Podcast

221 EpisodesProduced by Kirk Du PlessisWebsite

At Option Alpha we are devoted to empowering traders with simple, powerful tools supported by world-class research and education. For far too long the options industry has been fragmented, lagging, and unnecessarily complex. By developing industry-first automation technology, enhancing data and info… read more

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220: Four "Wicked-Smart" Ways to Use SmartPricing

June 29th, 2022


Show Notes:

In today's show, I'll walk through four clever, dare I say "wicked-smart", ways to leverage our …

219: How to Calculate Break Even Prices for Option Strategies

June 23rd, 2022


Show Notes:

Calculating break even prices for different option strategies isn't as complicated and overwhelming as it …

218: How to Survive Bear Markets Trading Options

June 15th, 2022


Show Notes:

In life there are three things that are certain; death, taxes, and bear markets. For many new options traders, the current bear market we've found ourselves in might just be …

217: Shop Talk: Autotrading Expectations, Trading Routine and Consistency, and Market Update

May 5th, 2022


Show Notes:

Hey everyone this is Kirk here again from, working every single week to make this the most …

216: Shop Talk: Twitter Bid, Oil Volatility, and Strategy Selection

April 25th, 2022


Show Notes:

Hey everyone this is Kirk here again from, working every single week to make this the most …

215: The 15 Trading Psychology Questions to Ask Yourself If You Don't Have a Trading Coach

April 12th, 2022


Show Notes:

On this week's episode, we'll present a collection of questions custom tailored for digging deep into your …

214: Build A Fully Automated Options Portfolio with $3,000 in 1-Click

March 16th, 2022


Show Notes:

New traders with small accounts are constantly on the hunt for option strategies that help them get started but intelligently allocate their money without blowing up. And so …

213: What I Learned From NOT Trading Last Year

March 1st, 2022


Show Notes:

Last year during the beta launch of the autotrading platform, I decided to take some time off from trading …

212: How Smart Traders Allocate Capital Efficiently Inside Their Bots

February 22nd, 2022


Show Notes:

Allocating capital used to be a cumbersome and time-consuming process. Breaking out your calculator or …

211: Iron Butterfly Strategy - 8 Tips Before Your Next Trade

February 7th, 2022


Show Notes:

The iron butterfly strategy is a popular neutral options strategy. Plus, with their high probability and …

210: 12 Complex Things That Are Simple To Automate w/ Bots

January 31st, 2022


Show Notes:

Sometimes we don't know what we don't know. As a trader, we might have been conditioned after years of using legacy platforms to just "suck it up" and grid our way through …

209: The Doors Are Open to Autotrading & The Next Chapter of Option Alpha

January 18th, 2022


We are excited to announce that the Option Alpha platform doors are open to the trading public! 

This episode explains how you can get access to our new platform and what to expect when you begin autotrading. We’ll also …

208: The Importance of Deep Work for Traders

September 13th, 2021


Show notes:

The decades long evolution and growth in easily accessible brokerage platforms have created a …

207: The Option Alpha "Handbook"

August 16th, 2021


Show notes:

Earlier this year we officially rolled out a massive free resource for traders with our launch of The …

206: Trendy Short Put Spread [Bot Talk]

August 11th, 2021


Show notes:

On this week's episode, I wanted to try something new and explore just a single bot template in detail …

205: Hedging vs. Diversifying

August 2nd, 2021


Show notes:

Often the terms hedging and diversifying are used interchangeably by traders. You might hear someone say, "You need to hedge your positions..." or, "You need to diversify your …

204: How to Intelligently Use SmartStops

July 26th, 2021


Show notes:

Ever wish you could intelligently use automated technology that tracked and or trailed option trades for …

203: Interview w/ Pete Mulmat - Futures And The Small Exchange

July 19th, 2021


Show notes:

Futures trading is on the rise and continues to grow in popularity. The trouble has been however that for …

202: 8 Popular Decision Recipes for Automated Trading

July 12th, 2021


Show notes:

Decision recipes use easy to read natural language to help you setup detailed instructions for your …

201: Interview w/ Jason Goepfert of

July 5th, 2021


Show notes:

This week on the podcast we finally release our much anticipated interview with Jason Goepfert of …

200: A Case Study on the Volatility of Bid-Ask Spreads

July 1st, 2021


Show notes:

Well today we celebrate the 200th episode of the Option Alpha Podcast. First of all, I would like to thank …

199: Automated Does Not Mean Unattended

June 14th, 2021


Show notes:

As automated trading starts going mainstream for retail traders, we wanted to ensure that expectations are …

198: State of the Union: Same Mission, Better Tools

June 7th, 2021


Show notes:

After a couple of months on pause for the podcast, while we focused on the beta launch of our automated …

197: Fully Automated Trend Trading w/ Stocks Or Options

October 22nd, 2020


Show notes:

There's a lot of research to support the usage of trend indicators as simple risk reduction elements that can be layered onto an existing strategy. The trouble, however, was …

196: Hedging Short Naked Puts

October 19th, 2020


Show notes:

Trading short naked puts (i.e. put selling or put writing) can be an effective and profitable options trading strategy. Often the attraction to naked put selling is the ability …

195: Short-Term Performance Of Long-Term Strategies

October 15th, 2020


Show notes:

It's well documented that not only do investors classically chase performance, ultimately yielding sub-par …

194: Interview w/ Cameron Skinner

October 13th, 2020


Show notes:

This week I'm thrilled to welcome back on a very popular guest, Cameron Skinner, to the Option Alpha …

193: An Automated Way To Start VIX Hedging

October 9th, 2020


Show notes:

One of the beautiful things about shifting to fully automated trading on the new Option Alpha platform is …

192: Deep Dive Into Options Assignment & Exercising

October 6th, 2020


Show notes:

Back on Show 187 we tackled the top 15 questions we consistently get around options expiration. Today, we're taking a slightly different approach and addressing head-on the 18 …

191: The 13 Investor Biases That Ruin Your Performance

September 29th, 2020


Show notes:

We're all subject to investment biases, often multiple biases working together at the same time trying …

190: A Zillion Ways You Can Save Money To Invest

September 15th, 2020


Show notes:

One of the most impactful things you can do for your portfolio is add money or capital to it. A consistent …

189: We're Launching The 1st Automated Trading Platform for Options

September 6th, 2020


NEW Beta Site is Live:

Today’s show is a massive announcement – we are officially announcing that we have our launch dates set for our new auto-trading platform. Today on the show, we’re …

188: Options Trading Taxes For All Traders

August 10th, 2020


Show notes:

Ah, taxes, a dreaded but necessary part of investing and trading. And although you might be inclined to skip this week's show, I'd encourage you to dive in because, even for me …

187: 15 Options Expiration Questions Answered

August 3rd, 2020


Show notes:

We get a lot of questions around options expiration - hundreds and hundreds each week. Yet, the same vital …

186: Vacation Checklist for Option Traders

July 27th, 2020


Show notes:

Summer vacations are in full swing and as everyone rushes to their favorite social distancing hot spot, …

185: How To Execute And Fill Options Trades

July 20th, 2020


Show notes:

Filling option trades can often feel like pulling teeth. While some trades and orders get through easily …

184: Adjustments Followed By Assignment [FXI Case Study]

July 13th, 2020


Show notes:

Adjusting trades that move against you can be hard enough. Choosing how to adjust and when to pull the …

183: The Predictive Power of Investor Sentiment

July 6th, 2020


Show notes:

Be fearful when others are greedy, and greedy when others are fearful. This classic Buffett quote had …

182: Trading Psychology & Emotional Intelligence for Options Traders

June 29th, 2020


Show notes:

Greed, fear, FOMO, anxiety, panic, over-confident, stubbornness, impatience. These are just a few of the frequent emotional and mental states that traders find themselves in. …

181: Correlation Research Suggests Diversification Fails When You Need It Most

June 18th, 2020


Show notes:

There's an old saying in investing that a "rising tide lifts all boats." And while that might be true, when …

180: The Best Covered Call Management Techniques

May 20th, 2020


Show notes:

You've got your prized covered call setup and it's working in your account - now what? How do you manage or adjust the position in different market scenarios? Lucky for you, we …

179: LEAPS Option Contracts - A Complete Guide For Traders

May 15th, 2020


Show notes:

You've got your prized covered call setup and it's working in your account - now what? How do you manage or adjust the position in different market scenarios? Lucky for you, we …

178: Box Spread Basics for Options Traders

May 9th, 2020


Show notes:

Box spreads and arbitrage strategies are often synonymous with one another and referenced interchangeably in the options trading community. And after all, who doesn't want a …

177: The Trader's Guide to Index Options

April 22nd, 2020


Show notes:

Index options have continued to grow in popularity. Potentially because they are easy to use, available in …

176: Protective Put Strategy Researching Findings

April 15th, 2020


Show Notes:

Hedging stock positions can be tricky business. One of the most common schools of thought is to use a …

175: The Impact of Volatility On Options

April 8th, 2020


Show Notes:

Stock trading is easy to understand conceptually because it's one-dimensional. Either the stock goes up or it goes down. Clear and simple, at least from a trading and profit or …

174: We Stopped Trading Earnings After We Saw This New Research

March 31st, 2020


Show notes:

Earnings season comes around four times a year for stocks, and as traders, we've always loved the idea of …

173: The Misbehavior of Markets - Exclusive Interview w/ Co-Author Richard Hudson

March 27th, 2020


Show notes:

We're excited and honored to have a very special guest this week on the podcast, Richard Hudson, co-founder of the London and Brussels-based Science Business Publishing Ltd. …

172: Mastering Covered Calls (Free Audiobook)

March 21st, 2020


Show Notes:

This week on the podcast we're doing something a little different and turning this podcast episode into a …

171: Covered Calls - Top 3 Performance Insights From New Research

March 14th, 2020


Show notes:

Today on the show we welcome special guest, Rob, who's the co-author on our recent research report on Covered Calls. On the show this week we go over the top three performance …

170: The 5 Critical Factors for ANY Trading Strategy

December 31st, 2019


Show notes:

Factor-based strategies and trading systems are all the rage these days. We've been promoting these for many years now but it seems that more and more investors are catching on. …

169: Interview w/ Kevin Davitt - Former Market Maker & CBOE Senior Instructor

November 30th, 2019


Show notes:

This week we're very excited to share our exclusive interview with Kevin Davitt, a special guest with tons of experience not only as a former market maker, but as the Senior …

168: The 27 Biggest Options Trading Fears

November 1st, 2019


Show notes:

Did you know that fear has nothing to do with logical or cognitive reasoning? It's actually a completely physical response that originates in our body. We fear to be wrong …

167: Options Trading Profit Targets - When Should You Break The Rules?

October 24th, 2019


Show notes:

Oh, profit targets. The double edge sword of confusion for many traders. Take profits too early and you feel like you left money on the table. Too late and you kick yourself …

166: Understanding The Put Call Ratio The Right Way

October 18th, 2019


Show notes:

When it comes to market signals and timing indicators, the Put Call Ratio is one that naturally jumps to …

165: Trading Options? Here Are The 11 "Golden Rules" To Follow

October 7th, 2019


Show notes:

Personally, I don't like rules. Mostly because I value freedom and flexibility so when someone says that I …

164: The 2 Major Problems With Buying Options During Low IV Markets

September 30th, 2019


Show notes:

Since we are option sellers and our edge comes from selling overpriced options out into maturity it's natural to assume that if we want to sell options when IV is high that …

163: The 5 Month "Grind" Following XLE Short Put Option Assignment

September 27th, 2019


Show notes:

This was a long trade. Maybe not the longest trade we've been involved in, but certainly one of the top …

162: The Top 8 Investor Biases That Cloud Our Judgement When Trading

August 29th, 2019


Show notes:

It might seem that the markets are a game of price, and while that might be mostly true, what they are is really a game of emotions. With enough self-awareness, the "average" …

161: Interview w/ Kevin Smith & Tavi Costa of Crescat Capital

July 22nd, 2019


Show notes:

As many of our long-time listeners know, over the years I've become increasingly protective and selective …

159: How To Build An Options Portfolio With Just $3,000

June 24th, 2019


Show notes:

This podcast is a long-time coming but one that needed to be done because we get a lot of questions from …

158: What Should We Do About This Losing Option Trade? First, Trust The Process

June 21st, 2019


Show notes:

Somewhere, possibly from another planet, this notion of trading options with a high probability of success transformed into a subconscious greed for 100% probability of success …

157: The Untold Story Of The 3 Little Pigs That Traded Options

April 19th, 2019


Show notes:

A couple of weeks ago I was reading the story of the three little pigs to my daughters. And for some …

156: The 4 Market Situations You Should Avoid Aggressively Trading

April 6th, 2019


Show notes:

Many of our members understand the best times to trade options (i.e. higher IV setups when option premiums …

155: Ask Yourself These 7 Questions Before You Put On An Options Trade

March 17th, 2019


Show notes:

Everyone loves a good options trading checklist right? Well, here are the 7 questions you should ask …

154: The 17 Most Asked Questions By Option Alpha Members w/ Answers

February 13th, 2019


Show notes:

We get a lot of emails each day - I'm talking hundreds of emails. Naturally, seeing so many questions and comments come through the system, we found that these 17 top questions …

153: TLT Iron Butterfly & Covered Call Walk-Thru

February 7th, 2019


Show notes:

Assignment for some traders can be scary and cause them to freeze up or throw in the towel. On today's podcast, we'll walk-thru another case study in which we got assigned on …

152: Short Straddle Or Short Iron Butterfly?

January 21st, 2019


Show notes:

You're looking at a great setup for a neutral trade, but which neutral strategy do you use? Short straddle or short iron butterfly? It's a question we get all the time and …

151: Adjusting Short Straddles For $540 Profit (EWZ Case Study)

January 16th, 2019


Show notes:

All over the internet, you'll hear stories of why short straddles and short strangles should be avoided at …

150: How To Manage Your Money & Generate Wealth The Right Way

December 21st, 2018


Show notes:

As much as I love options trading and following the financial markets, I enjoy the challenge and process of …

149: Assigned Option Contract Case Study In Gold ETF GLD

December 10th, 2018


Show notes:

For some reason, many traders fear being assigned option contracts as part of an option strategy. Maybe …

148: The 5x2 Trading Psychology Matrix

November 28th, 2018


Show notes:

No system is perfect. No trader is perfect. You will have losing trades. But it's how you react to those losing trades, or even false positive trades, that defines how long …

147: Interview w/ Former CBOE Options Market Maker David Lincoln

November 8th, 2018


Show notes:

Did you ever wonder what an options market maker is thinking or how they see the markets and regular …

146: Are You Making These 11 Common Options Strategy Mistakes?

October 17th, 2018


Show notes:

If you trade options and are struggling to find consistency or profitability it's likely because you are …

145: Backtesting Results Trading Monthly vs. Bi-Monthly Options For 10 Years

October 13th, 2018


Show notes:

Is less more? Often we hear this phrase thrown about with the assumption that when investing you should do …

144: Interview w/ Larry Connors - Buy the Fear, Sell the Greed Book Review

September 24th, 2018


Show notes:

On today's podcast, we bring in a very special interview guest, Larry Connors, and discuss his new book Buy the Fear, Sell the Greed. Larry is an established author in the …

143: What's The Rationale Behind Entering New Option Trades?

September 21st, 2018


Show notes:

Choosing which ticker symbols and option strategies to use when entering new option trades can sometimes …

142: EWZ Short Put Option Assignment Case Study

September 3rd, 2018


Show notes:

Many new options traders worry about what might happen to their portfolio during a short put option …

141: Ultimate Guide To Contango And Backwardation Option Pricing

August 29th, 2018


Show notes:

In the futures trading world, there are two words that sound cool to say but also might be very confusing …

140: Why Some Option Trades "Explode" In Your Face & What To Do About It

August 20th, 2018


Show notes:

Have you ever gotten the feeling that some of your trades just end up exploding in your face and turn into "massive" losing positions? They just never seem to go the way you …

139: The 4 "Not-So-Obvious" Ways To Avoid Blowing Up Your Trading Account

August 15th, 2018


Show notes:

We all fear losing money, it's a natural human emotion. Myself included, I fear losing money just as much as the next person. But today I want to try to walk through a rational …

138: The "Expected Probability Paradox" For Options Traders

August 6th, 2018


Show notes:

I'm going to go out on a limb and publicly declare that this podcast will be one of our top 3 to 5 shows we ever recorded. Aggressive and overly confident, maybe - but I have …

137: The Ultimate Guide To Option Skew & Volatility Smile

August 1st, 2018


Show notes:

Implied volatility in option pricing is one of the most critical and yet least understood aspects of this …

136: How To Calculate Break Even Prices On Iron Condors & Iron Butterflies

July 18th, 2018


Show notes:

Are you new to options trading? Do you have a small account and want to start trading iron condors and iron butterflies? Today's podcast will be very important as we help you …

135: You Don't Need A Degree In Financial Engineering To Understand How Implied Volatility Works

June 20th, 2018


Show notes:

Today we'll condense potentially an entire semester of financial engineering into a single podcast episode. …

134: How to Learn From Trading Mistakes & Transitioning Into New Habits

June 11th, 2018


Show notes:

Nobody's trading or investing journey is a straight road or easy path. We never just magically trip into a perfect system or investing philosophy without a couple bumps along …

133: Weekly Bull Call Spread Backtesting Results For DIA

June 4th, 2018


Show notes:

With the rising popularity of weekly option contracts, many investors are choosing to trade weekly bull …

132: Can't Trade Unlimited Risk Option Strategies? [Here's 4 Great Alternative Trades]

May 28th, 2018


Show notes:

Some traders wrongly assume that if they can't trade unlimited risk option strategies, such as straddles …

131: Rolling Options Forward - Multi-Month Case Studies In TLT & IWM

May 21st, 2018


Show notes:

One of the more advanced techniques options traders use to reduce risk and increase the probability of …

130: Five Quick Tips For Smoother Option Order Execution

May 14th, 2018


Show notes:

Seems most traders constantly struggle with getting option trades filled. And since we never suggest using "market orders" as a quick fix for entry problems, today I'm offering …

129: Do You Recognize These 4 Early Warning Signs Of A Non-Diversified Options Portfolio?

May 7th, 2018


Show notes:

As options traders focused on income generation, it's important that we consistently work towards …

128: Stock Market Direction Becomes Irrelevant When You Average Down

April 30th, 2018


Show notes:

How important is picking the right stock market direction when trading options? Depending on how you trade, it can be either vitally important or not important at all. Today's …

127: What Contract Month & Option Strike Price Should I Buy Or Sell?

April 23rd, 2018


Show notes:

You're ready to place an option trade and you're confident the stock is a good candidate. Now what? With dozens of contract months and hundreds of option strike prices to choose …

126: Manage Multiple Option Positions Without Having To Be In Front Of The Screen All Day

April 18th, 2018


Show notes:

We're all busy; with work, family, school, kids, etc. And although many people might lead you to believe …

125: Learn How To Trade Options By Eating An Elephant In 90 Days

April 9th, 2018


Show notes:

Want to learn how to trade options the right way but feeling overwhelmed? It's like this big giant elephant is standing in front of you and you have to figure out a way to …

124: The Ugly Truth About Selling Cheap Options

April 3rd, 2018


Show notes:

Selling cheap options with very high probabilities of success makes rationale sense on the outside. I mean, why sell options with a 70% chance of success when you can sell …

123: Stop Focusing On ROI Options Trading Possibilities Until You Cross This Trading Bridge

March 26th, 2018


Show notes:

At Option Alpha we believe (and the research confirms) that the options trading possibilities for retail investors are nearly endless. Higher returns and better performance for …

122: The "Big Rocks" That Should Be A Priority For All Options Traders

March 22nd, 2018


Show notes:

As options traders we need to focus on the levers that really move the needle in terms of generating income …

121: Small Tweaks When Managing Larger Trading Accounts

March 15th, 2018


Show notes:

Trade long enough and save enough money and eventually, you'll need to make a couple small tweaks to your options strategy as you start managing larger trading accounts. Today's …

120: Option Trader Success - Why Some Traders Are Frankly Always More Profitable

February 26th, 2018


Show notes:

Over the last 10+ years I've seen thousands, and coached hundreds, of traders navigate the markets. And if you study option trader success long enough (and geek out about it as …

119: Don't Use A $6,000 Trade To "Practice" Trading Options

February 23rd, 2018


Show notes:

The last couple weeks of trading for many newbie investors was quite the learning experience. The market fell from all time highs quickly and then recovered nearly half of that …

118: Top 5 Options Trading Psychology Lessons I Learned Over The Last 18 Months

February 10th, 2018


Show notes:

It's always good to look back and analyze what happened in the past. Often times it can help shape the future (good or bad) and how you trade moving forward. In today's show, I …

117: Let's Talk About "Deltas" For Options Trading

January 22nd, 2018


Show notes:

One of the most popular and widely used options greek is Delta. And while I believe that you can't …

116: Debit Spreads Vs Credit Spreads - When To Use Each

January 15th, 2018


Show notes:

You've targeted a stock or ETF setup you like and want to make a directional trade. Maybe some technical indicator alerted you to a possible turn in the underlying or you just …

115: How To Avoid The Big Mistakes Executing An Options Order

January 8th, 2018


Show notes:


As with many things in life the 80/20 principle can help guide and focus our attention on the most …

114: Managing Inverted Option Positions - Once Difficult, Now Easy

January 1st, 2018


Show notes:

Short straddles and short iron butterflies are some of our most profitable option strategies, and a consistent staple when trading in our PRO and ELITE membership levels. …

Free Options Trading From Robinhood: Our Exclusive Interview With Co-Founder Baiju Bhatt About The Future Of Online Trading

December 30th, 2017


Show notes:

Often times people ask me why I continue to run Option Alpha and give away so much free content, courses …

113: Long Straddle Earnings Option Strategy Backtest Results

December 25th, 2017


Show notes:

Often times when new traders go through their first couple earnings cycles and experience large moves in the underlying stock, it can feel almost natural to want to buy …

112: Does Trading Every Day Really Make You A Day Trader?

December 18th, 2017


Show notes:

Depending on where you started your options education, trade frequency was either glossed over or talked about in-depth. Here at Option Alpha, we've suggested for almost a …

111: Should I Buy Back My Penny Options Or Let Them Expire Worthless?

December 9th, 2017


Show notes:

You made an options trade and the position has gone well, leaving you with a nice fat profit as expiration approaches. Now the question becomes, what do you do with these cheap …

110: Become A Better Options Trader By NOT Watching The Market

November 21st, 2017


Show notes:

Why do we still believe that magically someday we'll have some inside scoop or tip that alerts us to market …

109: Say Good-Bye to Unlimited Risk Option Strategies Forever

November 7th, 2017


Show notes:

Unlimited risk option strategies get a bad rap in the investing community among newbie traders. And while our backtesting research has shown that unlimited risk positions like …

108: Rolling Up Strike Prices vs. Closing Out Trade - What Should I Do?

November 3rd, 2017


Show notes:

If you trade options longer than ten days you'll undoubtedly run into a scenario where you get challenged by a stock moving either higher or lower against your position. When …

107: Interview w/ Option Alpha Member MACDDaddy & The "Wheel Selling" Options Strategy

October 10th, 2017


Show notes:

Today I've very excited to bring one of our very own Option Alpha family members on the show, MACDDaddy aka Robert. He's been a member for many years and someone I continue to …

106: TLT Short Stock Assignment Case Study - From Loser To $426 Profit

October 6th, 2017


Show notes:

As some point or another new option traders worry about their option contracts being assigned. Namely short call options getting short stock assignment. But it's never as bad or …

105: How To Protect Your Portfolio In A Down Market

September 19th, 2017


Show notes:

The further the markets continue to run higher, the greater the risk that another major market correction or market crash will happen in the near future. After all, as we …

104: How To Use Pairs Trading With Options To Create Smooth Portfolio Growth

September 15th, 2017


Show notes:

On today's newest podcast I want to turn the conversation a bit and focus on pairs trading with options. And this isn't the traditional pairs trading that you might have heard …

103: How to Pick the Right Stock Options Strategy For Wealth Building

September 2nd, 2017


Show notes:

Even after discussing and outlining the general process for how to pick the right stock options strategy in previous podcast and videos, I continue to get members who are …

102: Are You Selling Options That Are Way Too Cheap?

August 26th, 2017


Show notes:

When selling options, often I get a question or inquiry from members of our community with regard to how …

101: The Ultimate Guide To Profitably Trading Options Full-Time

August 2nd, 2017


Show notes:

I believe that on some level every new trader dreams of trading options full time and not working a regular …

100: The Profit Matrix - The Game-Changing Report On The Best Option Strategies For Any Market

June 16th, 2017


Show notes:


Not only is today special because we're releasing our newest research report called The Profit Matrix but also because as soon as this show goes live we'll have crossed more …

99: Why Automated Trading Will Dominate The Investing World & What You Can Do Now To Prepare

June 14th, 2017


Show notes:

The investing world in the next 5-10 years is going to look dramatically different. In fact, the shift to automated trading is already happening at the highest levels and with …

98: The End Of Uncertainty & How "Risk" Can Be Managed With Expectancy

June 10th, 2017


Show notes:

The markets are evolving faster and faster as the introduction and use of computer-driven or data-driven …

97: Expected vs. Actual Win Rates When Selling Options [SPY Short Strangle Backtest]

June 8th, 2017


Show notes:

Today we're going to use our new Trader's Toolbox and options backtesting software to test win rates when …

96: Does Higher Implied Volatility Generate Higher Credits? [DIA Put Credit Spread Backtest]

June 7th, 2017


Show notes:

Today we wanted to use our new options backtesting software under our Trader's Toolbox to run some credit …

95: Option Alpha's NEW "Toolbox" For Backtesting Option Strategies

June 1st, 2017


Show notes:

It's finally here! After years of research, development, and testing the doors are open to purchase access to our incredible new options backtesting and trade optimization …

94: Which Option Strike Price Should I Select? [AAPL Call Bull Spread Backtest]

May 29th, 2017


Show notes:

Apple (AAPL) is by far one of the most loved and favorite stocks to trade for investors. Often times people will email me asking how they can use option buying strategies to go …

93: Options Trading Timelines & Duration [EEM Straddle Backtest]

May 27th, 2017


Show notes:

How far out should you go when entering a new options trade? 10 days, 30 days, 60 days? Does it change based …

92: Position Sizing Impact On Returns [TLT Iron Condor Backtest]

May 25th, 2017


Show notes:

I've said it for years, position sizing matters in a high probability system. Much more so that you would …

91: Options Backtesting, Investment Research & The Future of Option Alpha

May 19th, 2017


Show notes:


In today's show, I wanted to take a step back and give everyone an overview of what we've been working on here at Option Alpha and what we have planned over the next couple …

90: The Art & Options Strategy Behind Quick "Earnings Trades"

April 24th, 2017


Show notes:


We're now in the heart of earnings season for the current quarter and with hundreds of companies set to announce their performance, we're presented as options traders with tons …

89: Are Your Current Technical Analysis Indicators Slowly Destroying Your Portfolio?

April 17th, 2017


Show notes:

It's been over a year since we released our game-changing report on technical analysis indicators called SIGNALS, and since then I haven't talked more about how we are using …

88: Is High Probability Option Trading The Holy Grail Of Investing?

April 10th, 2017


Show notes:

Newbie traders and investors who make the transition over from stocks to options often become overly …

87: The 3 Option Adjustment Principles You Must Know Now

March 20th, 2017


Show notes:

Losing trades are part of the game - they are going to happen and it’s a reality we must all face. And I believe what sets really great traders apart from those who are average …

86: Changing Options Strategies When Trading Inverse ETFs

March 13th, 2017


Show notes:

Trading inverse ETFs and leveraged ETFs are becoming more and more popular with retail traders. Maybe it’s …

85: Legging Into Spread Trades And Out Of Trades - Is It Ever Worth It?

March 11th, 2017


Show notes:

Legging into spread trades and complex option strategies is a popular way for traders to get quicker fills. …

84: Why We Ladder Or Stack Option Trades Over Time & Price

February 25th, 2017


Show notes:

For years we’ve talked about the need for increasing your trading frequency. In today’s podcast, we want to re-introduce the concept of stacking or laddering option trades over …

83: The Casinos Edge & Why They Spent $45 Every Hour To Keep You In Your Seat

February 13th, 2017


Show notes:

A casino's edge ranges from 0.5% for blackjack to as high as 17% for some slot machine games. Now, of course, this edge may or may not play out on the first, second, or tenth …

82: [Case Study] How We Cut The Loss On This Bear Call Credit Spread By 37%

February 6th, 2017


Show notes:

We can't control the stock market - yet many of you try to will or hope stocks to move up or down as needed …

81: Why More Fundamental Investors Should Trade Options & The Netflix Effect

January 30th, 2017


Show notes:

Fundamental investors are like the wooly mammoth; big, strong, powerful, yet destined to become extinct in …

80: The 3 Big Reasons Why Your Option Strategy Payoff Diagram Is Different Today Than At Expiration

January 23rd, 2017


Show notes:

Your option strategy payoff diagram is an ever evolving and changing animal. Unlike stocks which have …

79: How To Trade Calendar Spreads – The Complete Guide

January 16th, 2017


Show notes:

Today's podcast is all about learning how to trade calendar spreads. And while newbie traders might find …

78: Is Your Investment Portfolio Unbalanced? 4 Ways To Fix It & Get Back To Neutral

January 9th, 2017


Show notes:

I know one of the key elements to successful options trading long-term is maintaining an investment …

77: Scared Of Being Assigned During Options Expiration Week? Here's The #1 Reason To Stop Worrying

January 4th, 2017


Show notes:

Options expiration week can be a scary time for some traders as they struggle with fears about short option contract assignment. And while the reality is that most options are …

76: Options Trading Education - The Importance Of Setting Deadlines & Goals

December 26th, 2016


Show notes:

Our #1 core value here at Option Alpha is that options trading education comes first before anything else. I believe that you have to crawl before you can walk in this business …

75: Portfolio Drawdown Stats From 44,801 Backtested Option Strategies

December 20th, 2016


Show notes:

I've been trading publicly on Option Alpha for more than eight years now, and I'm still baffled by the …

74: How To Trade Straddles & Strangles In Small Brokerage Accounts

December 17th, 2016


Show notes:

Most newbie option investors start trading with small brokerage accounts. Whether by choice or necessity, the average investor opens up their account with approx $10,000 …

73: We Examined 8 Short Strangles For Returns & Margin Requirements

December 5th, 2016


Show notes:

What does great pricing look like when trading short strangles? Is it collecting a certain raw dollar …

72: Options Trade Adjustment - How To Unemotionally Adjust Trades That Don't Go Your Way

November 28th, 2016


Show notes:

You've entered a new option trade with a high probability of success - but you also know that a 70% chance of success doesn't mean it's a sure thing. As soon as your order fills …

71: The 2 Major Misconceptions About Exiting Option Trades Early

November 21st, 2016



Show notes:

For years now I've talked about the concept of exiting option trades early and taking money off the table as a way to both improve your win rates and increase overall …

70: How To Manage Trades During Options Expiration Week - Close Or Roll?

November 14th, 2016


Show notes:

We’ve reached yet another options expiration week, which can sometimes cause many traders to freak out as …

69: Is Your Options Strategy Scalable? 3 Tips for Growing A 6-Figure Trading Account

November 7th, 2016


Show notes:


Regardless of your current account size or trading experience level, you should be putting some serious …

68: VIX Index - How To Trade Volatility w/ Mark Sebastian from

October 31st, 2016


Show notes:

Naturally, if you’ve started trading options for any reasonable amount of time you’ll run across the VIX index. Or as it’s commonly referred to, the “Fear” Index. And while the …

67: The Stop Loss Myth - 10 Backtested Option Strategies Prove They Create More Losing Trades

October 24th, 2016


Show notes:

In most investing or online trading circles, it's common place to hear people tout the need for "stop loss" …

66: The Drawbacks Of Paper Trading - Why You've Got To Have Skin In The Game

October 17th, 2016


Show notes:

Paper trading has its place in the investing world, but it likely isn't as useful as many brokers and …

65: Interview w/ Todd Tresidder From

October 10th, 2016


Show notes:

If you're even remotely interested in personal finance or wealth building, you've likely heard of Todd Tresidder from Financial Mentor. If you haven't yet, well, then we've got a …

64: The 15 1/2 "Avoidable” Options Trading Mistakes You're Making Right Now

October 3rd, 2016


Show notes:

Nobody’s a perfect trader - not by any stretch. We all make mistakes, and when we own up to them, we dramatically increase our ability to overcome them in the future. With more …

63: Track Option Strategy Performance With These 27 Indexes From The CBOE

September 26th, 2016


Show notes:

A little over a year ago now the CBOE released its first round of options-based strategy performance benchmark indexes. Since, they’ve slowly increased the number of trackable …

62: Dividend Stocks - Can You Buy Stock Just For The Dividend?

September 19th, 2016


Show notes:

At least 2-3 times per week I’ll get an email from someone along these lines; “Kirk, why can’t we just buy the best dividend stocks right before the company pays the dividend, …

61: Interview w/ Cameron Skinner - How He Earns 22% Annually Selling Options Every Day

September 12th, 2016


Show notes:

I’m just going to come right out and say it - today’s show is going to blow your mind. Not because we are talking about some crazy complicated strategy or options pricing model, …

60: Warren Buffett's $5 Billion Dollar Options Trading Strategy That Everyone Ignores

September 5th, 2016


Show notes: 

What if I told you that Warren Buffett, yes that one, is actually just an options trader in disguise? …

59: Short Strangle Case Study - Adjustment Strategy That Slashed Our Loss By 87%

August 29th, 2016


Show notes:

It's easy for traders, myself included, to talk about our profitable trades. I mean who doesn't want to talk about making money right? But we know that we can't win on every …

58: Find The Best Stocks For Options Trading With 4 Clicks

August 22nd, 2016


Show notes:

One of the most challenging aspects of options trading for most people is in finding the best stocks and setups to trade. And I completely understand since there are thousands of …

57: Learn How To Trade Options w/ Option Alpha's NEW Course Tracks

August 15th, 2016


Show notes:

We already know that you want to learn how to trade options and generate a consistent income. What we didn’t know, as well as we do now, is that we had some pretty specific gaps …

56: Top 7 Tips When Trading Options In An IRA Account

August 8th, 2016


Show notes:

With more than 32k option traders in our program now, I can tell you honestly that I've seen just as many 7-figure IRA accounts as I have 7-figure margin accounts in the last …

55: Hedging Strategies - Balancing Your Stock or Options Portfolio

August 1st, 2016


Show notes:

Market neutral, delta neutral, or balanced portfolio; call it what you want but the concept of making money …

54: Can Using Portfolio Margin Enhance Your Returns?

July 25th, 2016


Show notes:

If you’re an experienced options trader, then today’s show is for you because this week we’ll be talking …

53: The 1 Hour Per Month Options Strategy That Beat The S&P 500 by 24%

July 21st, 2016


Show notes:

What if there was an options strategy that took just 1 hour per month to implement and actually beat the S&P 500 benchmark index both in performance and with less overall …

52: Robo Advisors - Why Automated Investing Is NOT The Wave of The Future

July 8th, 2016


Show notes:

Doesn't it just sound so cool even saying it: Robo Advisors. And although some of these automated investing …

51: Single Positions vs. Overall Portfolio Management - Which Is More Important?

June 27th, 2016


Show notes:

You're in a trade that's going bad and are thinking about adjusting your position. But before you do, how …

50: Is The Stock Market Random Or Predictable? The Final Debate On Efficient Markets

June 20th, 2016


Show Notes:

One of the foundational elements of my personal trading style with options is the belief that the stock market is random. Random meaning that we can't gain an edge picking a …

49: How To Profit From The Next Stock Market Crash - 15 Backtested Put Option Strategies

June 13th, 2016


Show notes: 

Do you think that there will be a stock market crash soon? Maybe in the next six months to 1 year?

If you …

48: Options Approval Levels Tips - How to Quickly Work Your Way Up The 4 Different Levels

June 6th, 2016


Show notes: 

Options approval levels are options trading restrictions placed on your brokerage account to prevent or allow you from entering different options strategies. Most new traders, …

47: Options Trading Risk Management & The Indisputable Math Behind Optimal Position Sizing

May 30th, 2016


Show notes:

One of the key elements of becoming a more successful trader is the ability to absolutely master options …

46: Insider's Guide to Options Trading Taxes Part 2

May 23rd, 2016


Show Notes:

Tax day has come and gone that doesn’t mean that we can’t start preparing in advance for next year by looking ways to reduce or minimize our tax exposure.

Today’s newest episode …

45: Pattern Day Trading Rules - What Are They & What Can Go Wrong?

May 16th, 2016


Show Notes:

Did you get flagged as a Pattern Day Trader? Concerned about what can happen if you make too many day trades in a short period of time?

In this session of The Option Alpha …

44: Do You Know Which Options Greeks Are The Most Important?

May 11th, 2016


Show Notes:

Options traders often reference the "Greeks" which include delta, gamma, vega and theta of their underlying positions as a way to measure the sensitivity of an option's price …

42: This Stochastics Tweak Was The Difference Between Making Or Losing Money

January 22nd, 2016


Show Notes:

The Stochastics indicator has long been a favorite for investors and could arguably be one of the most …

41: How Changing Just 1 Setting Increased This Indicator’s Win Rate From 31% to 68%

January 20th, 2016


Today I’m going to give you a very special sneak peak inside our new technical analysis backtesting report called SIGNALS.

Learn more here:

Specifically, we’re going to look at how the

40: Option Alpha Launches "SIGNALS" The 20-Year Technical Analysis Backtesting Report

January 18th, 2016


Grab your copy here:

We Backtested More Than 17.34 Million Stock Trades Over 20 Years to See What Really Works...

Discover the specific indicators that generated winning trades 82% of the …

39: Does Technical Analysis Really Work? The 3 Big Game-Changing Questions It Took Us 12 Months To Answer

January 12th, 2016


Do you remember the feeling you had the first time you were introduced to  technical analysis or stock charting indicators in general?

You were probably at some weekend stock market seminar or watching a video online, …

38: Insider's Guide to Options Trading Taxes Part 1

December 11th, 2015


For years, I've had members ask me about options trading taxes, ways to reduce your taxes, the best legal structures, international trading taxes and hundreds of other questions on the subject.

Recently I decided to …

37: Real-Time Option Alpha Performance Stats & Options Trading Strategy Metrics Now Live

November 19th, 2015


Part of our mission here at is to offer the highest level of transparency possible in order to help you gain more confidence in your own options trading system.

This week we launched our newest feature …

36: Lessons After 2 Years of Re-Igniting A Passion for Options Trading w/ Aram Basmadjian

October 19th, 2015


I'm crazy excited to finally bring you my interview with Aram Basmadjian from because it's such a genuine and honest conversation with a guy who continues to grow in his education and love of trading.

35: LIVE From FinCon w/ The Options PlayBook Author Brian Overby of TradeKing

September 24th, 2015


This week during the FinCon expo in Charlotte I had the opportunity to sit down with "The Options Playbook" author Brian Overby.

Brian is also the Senior Options Strategies from TradeKing and this 40+ min LIVE interview …

34: The Shocking Truth About Becoming A Consistently Profitable Options Trader

September 9th, 2015


Being a consistent, profitable options trader doesn't take much.

In fact, I'd even go as far to say it takes very little time and effort on a weekly …

33: Interview w/ Sarah Potter - Trading Weekly Options With Simple Strategies & Multiple Timeframes

September 4th, 2015


In this session of The Option Alpha Podcast I had a chance to interview Sarah Potter, Author of How You Can Trade Like A Pro and founder of This self-taught trader will share her story and why this …

32: How to Set Financial Goals - Top 10 Mistakes People Make

July 29th, 2015


I completely underestimated the power of how to set financial goals until about a year and a half ago.

Since then I've changed the way I look at and set goals in all areas of my life (not just financially) and it's made …

31: What Michael Jordan Can Teach Us About Options Trading

June 24th, 2015


You know the name, and the legacy.

But what you don't know about Michael Jordan and his impressive career might actually help you become a more …

30: The Zero Cost Way To Protect Stock Gains With Options

June 10th, 2015


You've got a stock position that you want to protect (or shield) from any impending market sell-off or crash.

But buying protection or insurance …

29: Top 3 Excuses That Cripple The Average Investor Returns When Trading Options

May 26th, 2015


It's no secret that the long-term average investor returns are pretty low. In most cases, the little guy rarely beats the market and for good reason.

Frankly we are horrible stock pickers though we consistently try to …

28: 10 Great Option Trades Under $100 You Can Make Right Now

April 28th, 2015


Finding great option trades can be tough sometimes, and I get that. That's why in today's podcast I'll show you 10 detailed trades all under $100 of risk each that you can make right now.

Plus, we mixed it up with a …

27: How Inverse And Leveraged ETFs Actually Work

April 16th, 2015


In the past couple years inverse and leveraged ETFs have been some of the most highly traded securities because of their seemingly "cool" concept for …

26: Wide Bid/Ask Spreads & Slippage Are Costing You $3,840 Each Year

April 8th, 2015


You’ve often heard us talk about the important of trading liquid options until you are blue in the face right? In this session of The Option Alpha …

25: Interview w/ John Carter: Balancing Trades & Financing Strategies for More Consistent Winners

March 31st, 2015


 In this session of The Option Alpha Podcast I have the great pleasure of interviewing long-time trader and industry veteran John Carter - founder of

 One of the many benefits of doing this podcast …

24: Why Peer-to-Peer Lending Is Comparable To Options Trading

March 24th, 2015


In this session of The Option Alpha Podcast I'm going to actually take a look at unique investment outside the stock market that is comparable to how …

23: Overcoming The 3 Biggest Fears When Starting To Trade Options

March 21st, 2015


Investing money can be scary (no doubt). . .

In this session of The Option Alpha Podcast I want to help you overcome the 3 biggest fears that people have when they start trading options. You see, as kids we were scared …

22: Interview w/ Kim Klaiman - Strategies for Buying Options Ahead of Earnings

March 3rd, 2015


In this session of The Option Alpha Podcast we talk with long-time trader Kim Klaiman from As you'll hear in this interview, Kim's goal is to trade trade variety of non-directional trades with low …

21: 7 Smart Tips To Help Save You Time Trading Options While Working Your Day Job

February 25th, 2015


In this session of The Option Alpha Podcast I want to help you be a better trader even if you are currently still working a full-time job. Because …

20: How I Negotiated A 17% Reduction In My Trading Commissions

February 17th, 2015


In this session of The Option Alpha Podcast we'll have an in-depth talk about trading commissions and broker fees. Specifically, people always ask me about commission and with more members now than ever it’s becoming …

19: Interview with Joshua Belanger - Profiting From Unusual Options Activity And Volume

February 10th, 2015


In this session of The Option Alpha Podcast I had a chance to flip the script on Joshua Belanger from A former CME runner in Chicago, Josh has been a long time industry trader both on the …

18: Why You Shouldn't Be Afraid Of Getting Assigned Stock

February 3rd, 2015


In this session of The Option Alpha Podcast I'll explain why you shouldn't be afraid of the assignment and exercise process when it comes to trading …

17: The Worst Advice We've Ever Heard About Debit Spreads

January 28th, 2015


In this session of The Option Alpha Podcast I completely break-down one of the worst trade alerts we've ever seen using a debit spread. And it honestly gets to the heart of why I started this website and blog more than …

16: Interview with Henrick Santander - Full-Time Job & Creating A Trading System That Fits Your Lifestyle

January 19th, 2015


In this session of The Option Alpha Podcast I had a chance to interview Henrick Santander, the guy behind who …

15: How Often Does The Stock Market "Crash"?

January 15th, 2015


Ever wonder how often going back in history the stock market "crashes"? I mean we know that cyclical markets means another one will eventually happen (it's just a matter of time) but when? Or how often?

We did the …

14: Why "Stop-Loss" Orders Could Actually Be Creating More Losing Trades

January 3rd, 2015


In this session of The Option Alpha Podcast I'll explain why most traders think stop-loss orders help manage risk and protect them when in fact they end up creating more losing trades. Using the "Lazy Trader" program …

13: Mastering Stock Beta And Underlying Asset Correlations

January 1st, 2015


When you start to trade more often and with more positions, remaining as neutral as possible will help smooth out your returns over time. This doesn't mean that you can't get directional (betting on a move up or down in …

12: Covered Calls - Limit Your Upside Gain, Increase Your Chance of Success

December 18th, 2014


In this session of The Option Alpha Podcast I'm going to change the way you think about buying stock forever. Because just buying shares isn't effective anymore and with the help of options you can both increase your …

11: Picking The Best Option Strategy Is A Process Of Elimination NOT Selection

December 2nd, 2014


In this session of The Option Alpha Podcast we are going to help you finally create an easy to use 3-step system for picking the best option strategy. Unlike most traders who try to fit their favorite strategy into …

10: Are You Checking These 7 Things Before Each Trade You Enter?

November 28th, 2014


In this session of The Option Alpha Podcast I'll give you a step-by-step guide to the top 7 things you should check before you make another trade. …

9: Mastering The 14 Emotional Stages All Investors Go Through

November 21st, 2014


In this session of The Option Alpha Podcast we are going to cover the 14 stages that all investors go through with their emotions. Understanding that traders have specific emotions which have varying magnitude, is …

8: Breaking The "Zero-Sum" Probability Trading Cycle In Your Favor

November 17th, 2014


In this session of The Option Alpha Podcast I'll answer one of the biggest questions I get when it comes to trading options with probabilities. You see with probability trading there can be this misconception that it's …

7: Why Implied Volatility Is The Key To Your "Edge" Trading Options

November 13th, 2014


In this session of The Option Alpha Podcast we're going to have a very advanced conversation about implied volatility (IV) and why understanding IV …

6: If Every New Trader Did This 1 Thing They'd Make More Money

November 7th, 2014


In this session of The Option Alpha Podcast I'll show you with real data why if every new trader was doing this 1 thing different they'd make more money. Plus I'll relate this to how why casinos have table limits …

5: Why Technical Studies Are Dying And Charts Should Be Obsolete

October 26th, 2014


In this session of The Option Alpha Podcast I'll start a huge discussion on why I think you don't need charting or technical studies to be successful …

4: How To Hack The Options Trading Learning Curve In 3 Months

October 25th, 2014


In this session of The Option Alpha Podcast I'm going to give you a complete step-by-step guide to learning how trade options in 3 months. You'll learn to focus on 1 concept each week for 12 weeks.

3: Learning How Options Work With Simulated Real Estate Deals

October 24th, 2014


In this session of The Option Alpha Podcast I'll cover some key foundational concepts about Call and Put options contracts by highlighting a classic …

2: The Hard Truth About Your "Small" Account Size

October 23rd, 2014


In this session of The Option Alpha Podcast I'll cover one of the biggest misconceptions around trading and investing - account size. I'll explain why having more money actually makes you place worse trades.

1: Why The Option Alpha Podcast Is On A Mission To Help The Individual Options Trader

October 22nd, 2014


In our 1st session of The Option Alpha Podcast I'll cover a little more about my trading background and how we got this far from such a small blog to start. Plus my goals and expectations for this podcast.

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