The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone, Kirk here again at Option Alpha and welcome back to the daily call. Today, we are going to answer the question, “How many different option strategies should you trade at one-time?” I think this is an interesting question because people often start trading and they think that because there’s so many different option strategies that they need to be a master of all. But we’ve all heard the saying, “Jack of all trades, master of none.” That’s exactly what I feel like options trading is. I feel like you should be a master of a couple of key strategies, maybe a couple of key option selling strategies, maybe one or two option buying strategies and from there, it's just deciding which options strategy to use in each particular environment. For what trading that we do at Option Alpha and specifically on the pro and elite side for our membership, what we find is that we really actually focus on probably about two main strategies. If you really break it down and look at the two strategies that we trade, th