Kirk Du Plessis 9 Comments. 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 stocks from which to choose. So, how do you filter down to a handful of just the best stocks with the best trading potential?
In today's podcast episode, I'll help simplify the process for you because I can almost guarantee that you're overthinking it. Finding the best stocks for options trading is actually very easy when you know what to look for and have a solid understanding of what your portfolio "needs" to maintain it's balance.
Master these two points, and a little technical analysis if necessary, and you'll find that the possibilities are wide open. If you portfolio is bearish and you need more bullish positions, then you can easily start scanning for bullish setups. Look at SLV, which has a high level implied volatility and since you need a bullish position, so you can do a put credit spread in SLV.
Therefore, understanding your portfolio balance makes it a lot easier focus in and hone in on exactly what trades you need. Say there are no high implied volatility trades. Well, then you can still make a directional trade because you understand your portfolio needs. No time to read the show notes right now? We've made it incredibly easy for you to save time by giving you instant access to the complete digital version of today's show. I'm humbled that you took the time out of your day to listen to our show, and I never take that for granted.
If you have any tips, suggestions or comments about this episode or topics you'd like to hear me cover, just add your thoughts below in the comment section. Want automatic updates when new shows go live? They do matter in the rankings of the show, and I read each and every one of them! This helps spread the word about what we are trying to accomplish here at Option Alpha, and personal referrals like this always have the greatest impact.
Kirk founded Option Alpha in early and currently serves as the Head Trader. Kirk currently lives in Pennsylvania USA with his beautiful wife and two daughters.
Hi Kirk, in this Podcast, you mentioned using 3 signals to have a directional assumption then we can decide go Bullish or Bearish strategy. Just finished listening to Show Love to see the progress on your site. Free Video Training Courses. Daily Options Trading Alerts.More...