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 which option strategy to use and why. I think one of the biggest challenges for most traders is the question of – Which option strategy do I use? And while many people would default to using the exact same strategy in every environment, I think that what you have to do is you have to choose the strategies that work best in whatever environment you are currently in and that sometimes can mean tweaking an existing strategy or using a different strategy altogether. What I see people doing more often than not is they use the exact same strategy no matter how far they are from expiration. For example, they would sell a 30 Delta strangle and it doesn’t matter if implied volatility is low, it doesn’t matter if implied volatility is high, it doesn’t matter if they’re 30 days from expiration or two days from expiration, they’re selling a 30 Delta strangle. And while that might work over th