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

Hey everyone. This is Kirk here again at Option Alpha and welcome back to the daily call. Today, we are going to be talking about what I refer to I guess as the dentist adage for traders which is, “One trade a day keeps the black swans away.” We’ve all heard that kid’s tale or kid’s phrase that you would say to your kids like, “One apple a day keeps the dentist away.” But I think in trading, it is truly at least one trade a day on average that keeps black swans away. And so, I think this was timely because as you know, we’ve just been going through a lot of turbulent market movements. We’re starting to see markets really, really pick up in the speed and velocity in which things are moving in both directions. We have days now where we’re making 100 point moves within the same hour on the DOW and the S&P and it's crazy. What I always tell people and I’ve told people for a long time is that what we need to do as traders is realize that market direction becomes more and more meaningless, meaning it’s not as i