The Greatest Options Trade I Ever Saw
Let me tell you about the greatest options trade I saw in my 10 years on the Chicago Board of Options Exchange (CBOE) - and what I learned from it.
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Jacob Mintz
Jacob Mintz is a professional options trader and editor of Cabot Options Trader. Using his proprietary options scans, Jacob creates and manages positions in equities based on unusual option activity and risk/reward.
Jacob developed his proprietary system during his years as an options market maker on the floor of the Chicago Board of Options Exchange, where he ran several trading crowds for nearly 10 years.
After a successful career on the trading floor Jacob was tasked with setting up a trading desk at a top-tier options trading company, trading against the most sophisticated hedge funds and institutions in the world.
Today Jacob trades for himself, coaches and teaches about options trading, and runs our Cabot Options Trader and Cabot Options Trader Pro advisories. Jacob lives in North Carolina with his wife and two kids who keep him very busy with their sports and social calendars.
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Articles by Jacob Mintz
Cabot Profit Booster 193
The one trade from the September expiration cycle that was not closed last week was CFX, which leaves us with the stock and no option position. While it is possible that CFX will rebound in the days/weeks to come, because of the market weakness, am...
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Cabot Profit Booster 192
Last week all the major indices took a small step back. The S&P 500 lost 1.69%, the Dow fell 2.15%, and the Nasdaq declined 1.61%.
The headlines say the 5-day pullback was the largest for the S&P 500 since February. But considering that the of...
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Options Education: Five Options Trading Myths Exposed
There's a lot of mystery and misinformation out there about options trading. Here are five common misconceptions - and what the real truth is.
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Cabot Profit Booster 191
Ahead of the long holiday weekend, it was a mixed bag last week as the S&P 500 rose 0.58%, the Dow lost 0.25%, and the Nasdaq climbed 1.55%.
This week traders will keep a close eye on inflation as the Labor Department releases its index...
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How to Use Covered Calls to Make Money in Sleepy Markets
Bogged down during the summer months, stocks have been moving sideways. But if you use covered calls, you can boost your profits quickly.
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How to Play Tesla Stock with Options
Wall Street seems divided on Tesla stock on the heels of a massive run. Here's how to put a bullish or bearish options trade on TSLA.
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Cabot Profit Booster 190
Up, up and away! The S&P 500 rose 1.52%, the Dow advanced 0.96%, and the Nasdaq climbed 2.82% last week, aided by Federal Reserve Chairman Jerome Powell’s dovish commentary.
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How Options Market Making Has Changed
The options market is vastly different now than it once was, thanks to computers. You can't compete with algorithms, so what do you do?
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Why Weekly Options Are Like Gambling
Contrary to popular belief, options trading is a good way to reduce risk. Weekly options? That's more akin to a roll of the dice.
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If We’re Making Money Trading Options, Who is Losing?
My subscribers and I have made a lot of money trading options in recent years. Which begs the question: who is on the losing end of these trades?
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Cabot Profit Booster 189
The recent August expiration cycle was our second disappointing month in a row. And while 18 wildly successful months of trading out of 20 is a truly spectacular track record, when trades go wrong there is little doubt it’s painful in the moment.
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Cabot Profit Booster Update 8/20/2021
Today is the expiration of five of our covered call positions, and I’m not going to sugar coat it, it was a choppy month for the market, and our trades. Importantly, we are going to exit several positions today.
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How to Protect Your Profits with a Collar Options Strategy
Nervous that the market is destined for a long overdue pullback? A collar options strategy is a good way to safeguard your portfolio.
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Cabot Profit Booster 188
The market continued to test new highs last week as the S&P 500 gained 0.71%, the Dow climbed 0.87%, while the Nasdaq broke trend by closing 0.9% lower.
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Unusual Options Activity Scanner: Uncover What Big Hedge Funds Are Doing
My most successful strategy throughout my 20-year options trading career has been using my unusual option activity scanner. Here’s how it works.
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Why Iron Condors are the Safest Way to Make a Quick Profit
Iron condors are a low-risk, yield-creating options strategy that can reliably net a quick profit. Here's how to execute an iron condor trade.
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Amazon and Pinterest are Changing the World, But I Wouldn’t Buy their Stocks Today
Amazon and Pinterest are two great, revolutionary companies. But I wouldn't buy either stock today. That could change in a few days...
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Cabot Profit Booster Update 8/11/2021
Today I want to address our BBWI and VSCO stock holdings, as well as the BBWI1 option from the LB spin-off.
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Cabot Profit Booster 187
The bulls continued their winning ways last week, but the advance wasn’t without some jostling. Late in the week several leading growth stocks pulled back, but those declines weren’t enough to keep the bulls from another weekly victory.
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