Options Action – TV Show Exploring Options
“Optimal Trading Strategy” series features top stock brokers from some of today’s most prestigious companies on Wall Street. Each week, they gathered from their daily investments for an hour-long fast-paced, half hour long show which focuses on how to maximize profits and minimize losses with common option strategies. Fresh from their highly-visible trading desk, the ” OPTIONS Action” show demystified the often confusing terminology commonly used by those in the financial markets and simplify it to a few straightforward terms. The show offers clear suggestions, strategies and recommendations that will allow you to trade like the pros without having to call your broker.
With over 35 years of experience, David Kotter has the experience to guide you through the options world. His knowledge is broad ranging, starting from options trading basics to complex Wall Street jargon. He is very skilled and has taken out a patent on several of his strategies. As an author, he has written extensively on this topic and is always open for questions. His demeanor, friendly and engaging, makes him a natural to interview.
Featured on the show are two well-known alternative asset managers; Scott Thielman and Robert Kaplan. These two have been successful in their own way, starting out as investors and growing their investment portfolio to trillions of dollars. The main theme of the show, whether you’re an options trader, or someone just looking for solid advice, is that risk management and smart investing are the keys to making a fortune. The duo also covers some useful tips to keep stocks cheap.
There are two types of options: calls and puts. Calls allow you to buy a stock at a specified price within a set time frame. You pay a fee for every stock purchased under this category. Puts put you pay a fee per stock you purchase. These are both managed by the same firms, Thorough Stock Management and Options House.
An important aspect of the TV show is when the options broker asks what you want covered in the option. He will then review the available options for your selected security with the firm. If you’re buying puts you might be asked if you want stock splits. In this case, your firm will take a different view of how the stock will perform if you exercise your option.
Always look for a reputable firm when dealing with options. You can check with the BBB (Better Business Bureau) to see if any complaints have been filed against a company. Also, familiarize yourself with all the terms and definitions in options. If you don’t know anything about these terms, it is wise to seek advice from someone who does.