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

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to be talking about guidepost first, pinpoint second. And this is a concept that I’ve been really kind of leaning on the last couple of months as I’ve been teaching and talking and doing webinars and conversing with people, this idea that I think a lot of people come into the options trading business and they’re looking for an exact, like pinpointed exact thing that they should be doing, but the problem with options trading in general is that there’s no unicorn strategy. There’s no one strategy that is the universal best strategy in all scenarios, in all cases, in all situations and best for your account. And so, what they’re coming in and looking for is they’re looking for me to put a pinpoint on a map and they’re so far from that pinpoint that they can’t even see it. It’s not even registered in their time horizon. And so, what I’ve been trying to tell people is – Set a guidepost first, so things th