Digital Nomad Trader

I demonstrate live option data in Excel using thinkorswim and RTD. This should also work with Interactive Brokers. Follow along as I build a spreadsheet for finding a target-credit put credit spread along the lines of my "beginner strategy" series. The spreadsheet is available on my website - you can find it here: https://digitalnomadtrader.com/2023/08/04/excel-and-thinkorswim/ The beginner strategy I am referring to is explained in this three-part series: Part 1: https://rumble.com/v2wx876-beginner-options-strategy-part-1.html Part 2: https://rumble.com/v2xgye8-beginner-options-strategy-part-2.html Part 3: https://rumble.com/v2ygzg6-beginner-options-strategy-part-3.html

This is a quick video describing the option greek "delta" and what it means. Understanding delta paves the way to a wide variety of "delta-neutral" option trades. The majority of options trading I do today are delta neutral setups. Part 1 Beginner Strategy with explanation of Put Credit Spreads: https://rumble.com/v2wx876-beginner-options-strategy-part-1.html You can see the written version of this on my blog here: https://digitalnomadtrader.com/2023/07/11/options-delta-a-brief-introduction/

This is the final part of my series describing a great beginner strategy for option selling. In this video, I talk about how I chose the various parameters in part 2. This way, if SPY is trading at a different level or if you want to try other underlyings, you can come up with appropriate spread widths, etc. If you missed the previous videos in the series, they are here: part1: https://rumble.com/v2wx876-beginner-options-strategy-part-1.html part 2: https://rumble.com/v2xgye8-beginner-options-strategy-part-2.html The investopedia article on section 1256 contracts is here: https://www.investopedia.com/terms/s/section-1256-contract.asp For a text version of this video, see my blog at: https://digitalnomadtrader.com/2023/07/06/beginner-options-strategy-part-3/

In part 2, I share a specific set of rules for trading weekly put credit spreads on SPY. This strategy keeps it simple so you don't have to think about option greeks or fancy modeling software. It just takes a few minutes a day near the close. If you aren't familiar with put credit spreads or are new to options trading, you may want to watch part 1 first: https://rumble.com/v2wx876-beginner-options-strategy-part-1.html In part 3, I will talk about ways you might modify this trade to suit your needs. I'll also talk about how you can reduce your taxes with this strategy. If you prefer this as a readable article, you can see my blog post here - but note that the example trades are only present in the video: https://digitalnomadtrader.com/2023/07/01/beginner-options-strategy-part-2/

This is a series describing a simple beginner strategy for option trading. Though it is simple, it is a strategy I still use today at times. This is a very hands off trade that is easy to do alongside a job or full time travel. You can also see this as a blog post if you prefer here: https://digitalnomadtrader.com/2023/06/28/beginner-options-strategy-part-1/ More information, such as book recommendations, will be posted on my website at https://www.digitalnomadtrader.com/

This is my first video introducing myself and the channel. In this channel, I will be talking about how I trade for a living while travelling the world. I mostly do options income trading. This style of trading doesn't take up a lot of time each day and leaves me free to enjoy the places I'm at and to work on other projects.