How to add legs to an existing options position

Adjusting 101: How to Add Legs to an Existing Options Position

When referring to options trading, it’s easy to first think of stock trading. Especially given that most, if not all traders, begin by using stocks before some graduate to using options. When a trader buys stock — say 100 shares — what options do they have as the trade develops? In its simplest form, the […]

free option strategy

Covered Call – Free Trade Idea

Every Friday we give you a free options trade idea identified by Option Party. Today, we’re focusing on the classic covered call. OPPORTUNITY There is an attractive covered call trade in SNAP INC (SNAP). It is currently trading at $13.63. CHARACTERISTICS There is a 70.9% chance the stock will close above 12.00 on 02-16-2018, and you […]

Why You Should Use the Stop Loss Order

Why You Should Use the Stop Loss Order

Believe it or not, the stop loss order is one of the hardest to execute for traders. Particularly when it comes to new traders. No, it’s not technically any harder to implement than a limit or market order. But mentally, a stop loss can be hard to use because it means losses. This may seem […]

free option strategy

Bull Put Spread – Free Trade Idea

Every Friday we give you a free options trade idea identified by Option Party. Today, we’re focusing on the bull put spread screener. OPPORTUNITY There is an attractive bull put spread trade in TESLA (TSLA). It is currently trading at $345.02. CHARACTERISTICS There is a 93.2% chance the stock will close above 285.00 on 02-16-2018, and you […]

Picking the Perfect Trade: A Trading Guide for Beginners (Part 2)

In our last entry, we introduced the procedure for initiating a new trade. In essence, it boiled down to three things: Decide on a direction, a time frame and a strategy. So for example, let’s say we’re bullish over the next three to four weeks and plan to take advantage of that bias with a […]

Picking the perfect trade a guide for beginners

Picking the Perfect Trade: A Trading Guide for Beginners

The great thing — and daunting thing — about the stock market is its sheer vastness. There is no holy grail; there is no perfect market, sector, industry or stock to trade. It’s full of opportunity, yet full of pitfalls should you lose your way. When it comes to options trading, it simply comes down […]

free option strategy

Bear Call Spread – Free Trade Idea

Every Friday we give you a free options trade idea identified by Option Party. Today, we’re focusing on the Bear Call Spread . OPPORTUNITY There is an attractive bear call spread trade in NETEASE  (NTES). Currently it is trading for $346.85. CHARACTERISTICS There is a 93.6% chance the stock will close below 385.00 on 01-19-2018, […]