The Option(al) Experience: Ep. 2: Using Options to Trade & Understanding Edge
Joining Kyle for this new miniseries focused on learning options is Blayne MaCauley (Host of the PennyLane Podcast) and Erik Smolinski (Creator of esInvests)! In the second episode of this limited series, Erik switches the focus to practical applications as he reviews the paper trades made by Kyle and Blayne. We follow that up with some review and discussion on earnings volatility before wrapping up with our new homework assignment... Review each other's trade plans and create a basic strategy for various market conditions (listed below). We recorded video for this episode, so check it out on YouTube if you want to be able to see Erik's screen!
If you have questions to submit for the next miniseries episode, email it to 2bulls@financialineptitude.com or post it in our Discord.
2 Bulls in a China Shop: Recorded on 07/26/23
Listen now on all major Podcast distributors!
About Erik:
Erik is a lifelong investor and self-made millionaire looking to share how others can achieve the same. He is hoping to share his experience with active and veteran military members to expose them to opportunities.
He came from a single parent low-income household, worked odd jobs as a kid, and began investing in high school. Erik wasn't going to attend college and planned to enlist in the Marines, but a mentor directed him to apply for a scholarship (which he earned). While he pursued his undergrad, he dug deeper into investing and trading - finding derivatives which he primarily trades. He completed over 6 years of active duty before transitioning to the reserves, earning an MBA during his last year. Erik then spread into real estate and angel investing as his means grew, to accelerate capital growth.
About Blayne:
At the age of 23, Blayne Macauley authored the 5th ranked real estate blog in the world. She started an art business in 2016, which she built into a 6-figure company within 3 years. In 2020 she founded The Penny Lane Podcast about retail trading, which was ranked among the top investing podcasts on iTunes and was featured in the New York Times. She is a daily market commentator, author of "The Intermediate Trader Blog," and podcast host for the Place Your Trades Network. She was featured in the documentary film The New Americans by Ondi Timoner.
Blayne has worked as the Marketing Director for a luxury real estate company, Beacham & Company, Realtors, for the past 17 years.
Guest Links:
esInvests YouTube Channel - Erik Smolinski's YouTube
esInvests Website - Erik Smolinski's Website
Subscribe to Blayne's Substack
The Penny Lane Podcast - Website
Socials:
Follow Erik Smolinski on Twitter
Follow Blayne on Twitter
Follow Blayne on Instagram
Other Links:
YouTube Version of The Option(al) Experience
Master 0DTE Options - YouTube
Wall St. vs Retail Traders - YouTube
Options Trading and Market Risk Premium - Research Paper
Options Trading and Stock Price Informativeness - Research Paper
Homework:
- Peer Review Trading Plans and Logs:
a. Look for gaps & provide suggestions - Create a basic strategy for the following market conditions:
a. Bullish High, Low, Transitioning Volatility
b. Bearish High, Low, Transitioning Volatility
c. Neutral High, Low, Transitioning Volatility
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