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Clinton Lee - Articles Founder of Home Options Trading, a uniquely retail-focused option-centric trading firm.
Trading Profit | Loss on the website, displays the model portfolio performance YTD, updated each month-end. The portfolio models a typical retail option trading account up to USD $50,000. Here are the stats in summary ... Return: Profit/Start of Year Cash Balance = up +75.62%. Win/Loss Probability = 90.48%. 9 Wins per 1 Loss. Average Win/Average Loss = $3.09 Won per $1 Loss. Performance Ratio = (Win/Loss Probability) x (Average Win/Average Loss) = 90.48% x $3.09 = 2.80. Positive Expectancy = $1,051 per trade. The page 55 hours | How to Trade Options, previews an Original Curriculum designed especially for online options trading from home. In essence, the trading process uniquely blends the Relative Strength measure (not the TA Indicator RSI) from Dorsey Wright, to target the relevant asset class within a multi-asset class portfolio to identify a probable trade; then, forecast Implied Volatility and Skew using tools from iVolatility to stringently test the potential Theoretical Price of a trade and its probability of profit versus its odds for a loss, based on IV and Theta changes, in the ThinkorSwim platform. His career spans 16 years of treasury, finance and banking across Hewlett Packard, JP Morgan Chase, Citibank; and, is currently a Corporate Director for Regional Business Development with ABN Amro (acquired by RBS). None of which helped him directly grasp options trading. Sort By: Date | Popularity
 How to Trade – Book Review - Kenneth L. Grant, Trading RiskIn depth book review of Trading Risk, authored by Kenneth Grant. Focus on chapters 2, 3, 4 and 7, which makes up about 61% of the book. These chapters are relevant for practical trading purposes. Key points for these focus chapters are summarized from a retail trader’s perspective. How to Trade - Book Review - John Murphy, Intermarket AnalysisIn depth book review of Intermarket Analysis, authored by John Murphy. Focus on chapters 3, 7 and 11-14, which makes up about 46% of the book. These chapters are relevant for practical trading purposes. Key points for these focus chapters are summarized from a retail trader’s perspective. Options Trading Strategies - Book Review - Sheldon Natenberg, Option Volatility and PricingIn depth book review of Option Volatility and Pricing, authored by Sheldon Natenberg. Focus on chapters 4, 6, 8, 9, 11, 14, 15, 17 and 18, which makes up about 66% of the book. These chapters are relevant for practical trading purposes. Key points for these focus chapters are summarized from a retail trader’s perspective. How to Trade Options - Book Review - Lawrence G. McMillan, McMillan on OptionsIn depth book review of McMillan on Options, authored by Larry McMillan. Focus on chapters 4, 5 and 6, which makes up about 61% of the book. These chapters are relevant for practical trading purposes. Key points for these focus chapters are summarized from a retail trader’s perspective. Options Trading Strategies - Book Review - Guy Cohen, The Bible of Options StrategiesIn depth book review of The Bible of Option Strategies, authored by Guy Cohen. Focus on chapters 2, 4, 5 and 7, which makes up about 74% of the book. These chapters are relevant for practical trading purposes. Key points for these focus chapters are summarized from a retail trader’s perspective. How to Trade - Book Review - Jeremy Du Plessis, The Definitive Guide to Point and FigureIn depth book review of The Definitive Guide to Point and Figure, authored by Jeremy Du Plessis. Focus on chapters 2, 3, 4, 5 and 9, which makes up about 71% of the book. These chapters are relevant for practical trading purposes. Key points for these focus chapters are summarized from a retail trader’s perspective. How to Trade - Book Review - Thomas Dorsey, Point & Figure ChartingIn depth book review of Point & Figure Charting, authored by Thomas Dorsey. Focus on chapters 2, 3, 4 and 6, which makes up about 45% of the book. These chapters are relevant for practical trading purposes. Key points for these focus chapters are summarized from a retail trader’s perspective. Stock Option Trading - Paradox - More Trades on Dull Days and Normal Days than Big DaysLogic for using a product’s front month volatility to calculate the expected daily price range is explained. A critical daily discipline is in measuring the market ranges of the Dow, Nasdaq, S&P 500 and VIX to gauge if pricing conditions makes sense to theoretically price spreads within 1 Standard Deviation for any given trading day. Stock Option Trading – Fundamental Flaw in Fundamental Analysis and Stock PickingThe irony and paradox of combining Fundamental Analysis with Stock Picking software causes retail traders to remain myopically stuck in trading equities alone. That’s concentration risk in one asset class, regardless if you trade a mix of option spreads within stocks itself. Index trading removes the risk of single stock exposure. A Relative Strength measure using Point & Figure methodology overcomes the shortcomings of Fundamental Analysis. Options Trading Strategies – Wrong Use of Historical Volatility and Implied Volatility CrossoversHistorical Volatility (HV) and Implied Volatility (IV) are structurally different types of volatilities. It makes no sense to visually confuse yourself in option trading by combining them for HV-IV crossover signals. Option spreads are theoretically priced forward, never backward.
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