Entries by tony

Why Options Trading Is Not Gambling In My Opinion

When I tell people that options trading is not gambling, some laugh. Especially those who do not understand how options trading work. News only reports someone who lost a large amount of money trading options and nobody talks about someone who makes living on options trading, because it’s boring. In this video, I explained why […]

Options Trading Vlog 10.13.2019 | SPX, VXX

SPX gap down and gap up this week so took advantage of the gaps by opening and closing SPX positions for a quick profit. VIX dropped quite substantially so closed most of VXX and UVXY positions since they reached the 10% profit target. 2019 performance so far https://alphapursuits.com/core-option-trading-strategies/

Options Trading Vlog 9.14.2019 | SPX, VIX Options

Video Notes Continue to work on the SPX gap strategy and setting up positions to wait for the price to go down. Opened Dec 2019 expiration VIX position back in early Aug 2019, now the VIX spot price is much lower around 14 and yet the option price of my position is not going down. […]

What Does It Mean To Be Succesful In Life?

When I was small, my parents used to tell me to study hard, get good grades, and go to good schools. I was raised in a typical Asian family environment by typical Asian mentality parents. Working hard, was the spine of our lives. My parents dreamed of one of their kids to become a doctor. […]

Options Trading Vlog 8.1.2019 | SPX, VIX

SPX dropped substantially in the last couple of days. Discuss what was the driving force that caused the large decline today and how I reacted by opened/closed my SPX positions. Also discussed VIX options trade, which is tricky because of the way VIX futures work.