Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
Posts: 50,030 since Jun 2009
Thanks: 32,487 given,
98,346
received
Hi guys,
It is my pleasure to announce that Carley Garner will be joining us on Wednesday, October 10th @ 4:30 PM Eastern US to do a webinar presentation on Trading Options.
I've asked Carley to start us off with a very basic outline of options trading in this first webinar. I plan to invite her back for a few more installments and we will progress into more and more advanced options trading with each new webinar.
Carley's brokerage firm specializes in futures, so the presentation will be geared towards futures but most of the material will translate to equities as well.
Carley has written several books which you can find on Amazon:
I saw that "Mad Money" segment by Cramer on Carley Garner's nice looking analysis of Crude. Didn't realize it was the same lady for the upcoming webinar until I saw the tweet. It looked like a futures trading show for a while. Interesting idea about COT reports' extended floating at >200k could be followed by a severe selloff.
The following 3 users say Thank You to Cloudy for this post:
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
Posts: 50,030 since Jun 2009
Thanks: 32,487 given,
98,346
received
I want to thank Carley for her time and excellent presentation today. I am looking forward to the next webinar, where we will dive into more advanced topics.
Congratulations to the five winners of the autographed books:
Actually have been looking at getting back into trading options... Was wondering if there was a place where we could get realtime options quotes etc say for CL/OIH etc where a trader could practice trading options.
Carley Garner, Senior Strategist and Broker at DeCarleyTrading, will be monitoring this thread so that she may answer any questions that you post here relating to DeCarleyTrading products and services or Options Trading in general.
I hope it's ok with the forum rules to reply to an old thread but I had a question about a specific item mentioned in this webinar.
She gives the example that one use for options is to limit your risk and not need to use a stop.
In her example, she says you might go long in a futures position while at the same time taking up an opposite position with an option. Then, you don't need to worry about your stop getting hit, because there is no stop.
In the example, she says you might limit your overall risk to $500 with the option, and if the futures position goes very high then you have potentially unlimited reward.
In other words, you buy a protective put for $500. It sounds to me like this has thee effects:
1.) It's as if you were using a $500 stop (or 50 ticks on CL) which got hit as soon as you entered the trade, except you get to stay in the trade and if it goes up beyond 50 ticks you start to make money.
2.) If your trade doesn't go 50 ticks you're in a loss
3.) In order to get to a 1:1 risk/reward you need CL to go a full 100 ticks. 50 to pay for the insurance and 50 to complete the 1:1 ratio
It looked like a futures trading show for a while. Interesting idea about COT reports' extended floating at >200k could be followed by a severe selloff. 
