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This site are my notes on how I trade. I am not responsible for you losing money if you attempt to trade as I do. If you try to trade as I do, then you are a dumbass. If you take my notes and use them as your strategy and lose money for people in your paid groups, then you are a douchebag.

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March 2020

Strategies / Studies

March 2020

By Saul Wellingood, 2 yearsMarch 31, 2020 ago
Strategies / Studies

Big Lizard

Neutral to Bullish Outlook & High Volatility The big lizard is like the Jade Lizard except it basically uses a straddle for larger credit received. Directional Assumption:  Neutral / Bullish Setup: – Sell 1 short ATM Straddle– Buy OTM Call Use on Stocks $75 or higher so I can collect Read more…

By Saul Wellingood, 2 yearsMarch 30, 2020 ago
Strategies / Studies

Put Backspread

The Setup Sell 1 ATM Call; Buy 2 OTM Calls at Higher Strike Price for a net debit. Timeline Enter trade for 45 – 90 days Volatility Since I am a seller of this option I will only enter the trade when IV is below 50%. Rising IV will help Read more…

By Saul Wellingood, 2 yearsMarch 29, 2020 ago
Strategies / Studies

Long Butterfly Spread

Neutral Outlook & High Volatility Directional Assumption:  Neutral Setup: This spread is typically created using a ratio of 1-2-1 (1 ITM option, 2 ATM options, 1 OTM option).– Buy Call/Put (above short strike)– Sell 2 Calls/Puts– Buy Call/Put (below short strike) A long butterfly spread is a neutral position that’s Read more…

By Saul Wellingood, 2 yearsMarch 29, 2020 ago
Strategies / Studies

Iron Condor

By Saul Wellingood, 2 yearsMarch 29, 2020 ago
Strategies / Studies

Iron Fly

By Saul Wellingood, 2 yearsMarch 29, 2020 ago
Strategies / Studies

Front Ratio Put Spread

Neutral to Slightly Bearish Outlook & High Volatility Directional Assumption:  Neutral to Slightly Bearish Setup: – Buy an ATM or OTM put option– Sell two further OTM put options at a lower strike Timeline: 45 days Ideal Implied Volatility Environment:  50% or greater. Profit Target: 25% – 50% of the Read more…

By Saul Wellingood, 2 yearsMarch 29, 2020 ago
Strategies / Studies

Vertical Put Spread

Also Know As Short Put Spread or Bull Put Spread

By Saul Wellingood, 2 yearsMarch 28, 2020 ago
Strategies / Studies

Option Credit Trading Strategies

These are my #1 go-to strategies Wrap your head around this: Buy into Weakness and Sell into Strength High IV Bullish Strategies IV Rank above 50% High IV Neutral Strategies IV Rank above 50% Low IV Neutral Strategies IV Rank below 30% Earnings Strategies IV Rank above 50% Reminders Options Read more…

By Saul Wellingood, 2 yearsMarch 28, 2020 ago
Strategies / Studies

Jade Lizard

By Saul Wellingood, 2 yearsMarch 23, 2020 ago

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