Options Trading Strategy: Weekly Puts
Enroll in The Weekly Options BootCamp:
Taking profit (or covering) a short term weekly options trade on Alibaba. The concept was to look at targets pre trade and then assess what the market sentiment was. With weekly options the name of the game is taking profit and having trades work quickly. We’ll discuss more of this concept and weekly options strategies in the February 11th Weekly Options BootCamp class. The trading class will be recorded and added to another 4 hours of content for a full course and placed in the On Demand course section.
What are weekly options?
As of early 2011, the weeklys were available on 40 different underlying securities, including indexes and ETFs.
Indexes for the weeklys that are available include:
CBOE Dow Jones Industrial Average Index (DJX)
Nasdaq 100 Index (NDX)
S&P 100 Index (OEX)
S&P 500 Index (SPX)
Popular ETFs for which weeklys are available include:
SPDR Gold Trust ETF (GLD)
iShares MSCI Emerging Markets Index ETF(EEM)
iShares Russell 2000 Index Fund (IWM)
PowerShares QQQ (QQQQ)
SPDR S&P 500 ETF (SPY)
Financial Select Sector SPDR ETF (XLF)
Many popular stocks also have weeklys available. Given the investor interest in weeklys, it is very likely the CBOE will be adding even more securities. (You can find a complete list of available weekly options here:
Email: [email protected]
U.S. Government Required Disclaimer: Commodity Futures Trading Commission. Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. This website is intended for education purposes only. We are not registered investment advisers and in no way associated with any FINRA broker dealer. The past performance of any trading system or methodology is not necessarily indicative of future results.