0:02 all right alrighty so let's get into
0:04 today's video and in today's video I'm
0:06 going to be sharing with you what I
0:08 believe is the number one secret to
0:11 becoming consistently profitable when it
0:13 comes to trading options right so I
0:15 really want you to pay attention to this
0:16 video because I truly believe that this
0:18 is the most important video that I've
0:20 created so far if not one of the most
0:22 important videos that you really should
0:25 uh learn and Implement all right so
0:28 because I think that if you go ahead and
0:29 use this secret which I'm about to share
0:31 with you it's going to really help you
0:33 become consistent in the results that
0:35 you get when it comes to trading options
0:36 all right so what is this number one
0:39 secret so this number one secret is none
0:41 other than What's called the expected
0:44 move right so I've actually previously
0:46 uh touched on this rather briefly in my
0:48 previous video but today I want to go a
0:50 little bit more in depth into this as
0:51 what I'm going to be sharing with you a
0:54 Year's worth of Trades that I did around
0:56 the expected move so you can take a look
0:57 at the results for yourself as well
0:59 right so the very first question you
1:01 might want to ask if you're unfamiliar
1:03 with this term is what exactly is the
1:06 expected move right so the expected move
1:07 is basically the amount that the stock
1:10 is expected to either go up or down from
1:12 its current price right in by a certain
1:14 time based on its current level of
1:16 implied volatility all right so
1:19 basically it's how much a stock can move
1:22 right based on the days to expiration
1:24 left so basically when we are trading
1:26 options you can see that there are these
1:27 numbers down here which is telling you
1:30 when these options will expire right so
1:33 based on the implied volatility it's
1:35 going to tell you roughly the expected
1:37 move that the stock will make either up
1:39 or down right so if you are a
1:41 mathematician you really like to take a
1:42 look at the formula you can see this is
1:46 the formula right I'm not going to go uh
1:48 in depth into it right because the good
1:50 news is that there's really no need for
1:51 you to calculate this yourself right
1:54 there are trading platforms that
1:56 actually show this to you already so all
1:57 you have to do is just get the numbers
1:59 from your trading platform right for
2:01 example this is TD Ameritrade think of
2:03 swim platform you can see that when you
2:04 pull up your option chain on the right
2:06 hand side you will get to see this
2:08 numbers right so the percentage-wise is
2:10 basically the implied volatility all
2:12 right and on the right hand side of it
2:14 is basically the move in terms of the
2:16 dollar move based on this implied
2:18 volatility so you can see this number
2:21 down here says plus 16 plus or minus 16
2:23 that means it will go up
2:26 or down 16 points all right so it's plus
2:30 16 on the top and then minus 16 below so
2:32 basically this is what the expected move
2:35 is so why is this very important
2:38 right so this is important because when
2:42 you're using expected move it allows you
2:44 to devise a strategy around this right
2:47 you if you know roughly the range that
2:48 the stock will move at any given moment
2:50 let's say for example if you think that
2:52 the market could go from this range to
2:53 this range all right let's say for
2:55 example the stock price right now is
2:58 this right so this is my attempt at
3:00 drawing a Candlestick right so at this
3:03 point of time this is where the range
3:05 could be based on the implied volatility
3:08 now historical statistics have shown
3:11 that the implied volatility usually
3:14 overstays the actual volatility that
3:16 means that prices tend to stay within
3:18 the expected move more than the
3:21 probability suggests so for example if
3:24 the input volatility says that the range
3:26 should be somewhere from this point to
3:28 this point well the actual volatility
3:31 right actually could be much narrower
3:33 that means it could actually only move
3:35 from this point to this point now this
3:38 this is actually important because when
3:40 we are trading the expected move right
3:42 you can put on strategies that just
3:45 trade in this range right so I shared in
3:47 my previous video Market neutral
3:49 strategies that means that you actually
3:51 do not have to pick a direction in order
3:53 for you to make money from markets right
3:55 so the traditional way of trading is
3:57 that if you want to make money when the
3:58 market goes up right you normally just
4:00 buy it right so in hopes the market goes
4:02 up if it goes up you make money if it
4:04 goes down you lose money and if you
4:05 short the market right let's say for
4:07 example you just sell the shares if it
4:08 goes down you make money if it goes up
4:11 you lose money but when it comes to uh
4:13 trading the expected move you actually
4:14 do not really have to pick a direction
4:16 you just have to say that hey I think
4:18 that the market is going to stay within
4:20 this range in the next number of days
4:21 which I've chosen based on the days to
4:23 exploration and then if it stays there
4:25 by expression you're going to make money
4:28 all right so here's the cool part about this
4:28 this
4:31 so probability suggests right based on
4:34 the expected move formula right they
4:36 have all this calculation it states that
4:39 the probability should be 68 that means
4:42 that it will stay within this range 68
4:44 of the time right from from this point
4:46 all the way to this point the
4:49 probability is 68 but the actual
4:52 occurrences within this range tends to
4:55 be higher and if you can see this is a
4:57 study done by the tasty trade team let's
4:59 just take a look at this expectable
5:01 formula on this left hand side so
5:04 basically what he's trying to say that
5:07 the actual occurrences is actually 85
5:11 instead of 68 that means it it actually
5:15 stays longer in this range more than
5:17 what the probability suggests that means
5:19 you actually make money more of the time
5:22 so let's say for example you receive a
5:25 premium of let's say two dollars and
5:27 fifty cents which is 250 dollars
5:29 for trading this range and let's say for
5:32 example you put on a strangle all right
5:33 or an iron condo all right let's say you
5:36 get 2.50 that means to say if the market
5:39 stays within this range by expiration
5:41 you're going to receive the full credit of
5:42 of
5:47 2.50 Now by probability right from this
5:49 uh calculations which they have made it
5:51 states that you will only make this 2.50
5:56 68 of the time but in actual fact you do
5:58 not just make 68 of time you actually
6:01 make 85 of the time
6:04 and then 15 of the times it will be
6:07 losers right so that means now you have
6:10 your expectancy skewed towards your
6:13 advantage right now you have a higher
6:16 than usual way or usual rate
6:18 that you're going to make money so that
6:20 is why in the long run you're always
6:21 going to have a positive expectancy
6:24 because this number is actually skilled
6:27 in your favor right so this is the
6:30 studies which is done by tasty trade and
6:32 they even went even further to find out
6:35 how this actually works in ETFs right
6:37 index ETFs so if you were to take a look
6:39 at this uh table down here you can see
6:41 that on the left hand side it says the
6:43 average realized move that means this is
6:45 the move that the market actually made
6:48 right the average expected move is based
6:50 on the implied volatility that means
6:52 before the move has been made they came
6:54 up with a formula based on the expected
6:56 move and they see that it most likely
7:00 could move around 16.57 cents right in
7:03 this range but instead of actually
7:06 moving 16.57 the actual realized move is
7:08 much lesser than that and that's ten
7:10 dollars 81 cents and they even broke it
7:11 down right so they broke it down as you
7:14 can see down here they break it down by
7:16 the IV rank so you can see that when
7:18 there is a low volatility
7:21 the expected move is actually also
7:24 higher than the average realized move
7:26 and even when it's times when there is
7:28 very high volatility and high volatility
7:30 normally is when there are Market
7:32 crashes right the market moves a lot you
7:35 can see that the expected move right
7:38 fast surpasses the average realized move
7:41 so you can see that actually in all instances
7:42 instances
7:44 regardless of what the implied
7:47 volatility rank is right the expected
7:50 move is always more than the realized
7:53 move so this is for Spire right you can
7:55 see it's the same as well for the other
7:56 index ETS which you have done the
7:59 studies on you can see for iwm as well
8:03 the expected move is higher than the
8:06 realized move in all instances right
8:08 it's all higher again they did it for
8:12 this uh QQQ as well so you can see QQQ
8:14 as well QQ tends to be much more
8:16 volatile than the other two index ETFs
8:18 and even with this index ETF you can see
8:21 that the expected move is much more than
8:23 the realized moves all right now the
8:27 thing is that this implied volatility do
8:30 not overstate the actual volatility in
8:32 all time frames or rather in all
8:34 expiration dates so you can see that
8:36 they also did a further study to see
8:39 when the expected move actually is
8:42 bigger than the realized move so you can
8:44 see this is a study that they did since
8:47 1993 and this is about 30 years worth of
8:49 research right so this is pretty
8:51 statistically significant because there
8:53 is a lot of data points that they have
8:56 taken from and you can see that the time
8:58 where the expected move actually exceeds
9:01 the actual reality last move is from the
9:04 45 days Mark onwards but anything before that
9:05 that
9:07 you can see that it actually does not
9:10 exceed right it's only 45 days from the
9:13 45 days marks that it exceeds what does
9:14 this mean it means that when you want to
9:18 trade expected the expected move and you
9:20 expect it to stay within this range then
9:21 you want to choose the days to
9:24 expression that is 45 days and greater
9:26 now if you were to take a look at the
9:28 longer days you can see if it comes to
9:31 60 days and 90 days the discrepancy is
9:32 even bigger you can see that from here
9:35 the expected move is 7.9 percent but the
9:37 realized move is actually 6.5 so there's
9:40 a 1.4 percent difference down here
9:42 there's a 0.5 difference and if you take
9:44 a look at 90 days there is a two percent
9:46 difference so what does this mean so it
9:48 seems as though that it becomes a little
9:51 bit much more unpredictable uh the kind
9:53 of uh move that the stock or the market
9:57 will make as the time frames gets longer
9:59 so it's almost as though they want to
10:02 over compensate for the move because
10:04 they're not sure right so in a sense
10:05 it's something like you know I rather
10:09 have a larger margin of 60 you know then
10:10 you know if I make it smaller and then
10:12 if I get hit and then I'm wrong right so
10:15 they rather make it bigger in a sense
10:17 whereby the implied volatility they
10:20 overstated by much more than the actual
10:22 realized move that is made so that you
10:24 know in the long term there's much more
10:27 room for error but if you would see that
10:29 in the shorter term it's pretty much
10:32 it's pretty accurate right so this is
10:33 pretty efficient you can see that the
10:36 expected move sort of kind of match the
10:39 realized movement in fact in this four
10:41 time frames the realized move is more
10:44 than the expected move but as it gets
10:46 longer that's where you can see the
10:48 difference is right the expected move is
10:50 much more than the realized move so that
10:53 is why when we come to trade our trades
10:55 our options
10:57 we want to choose for somewhere from 45
11:00 days to 60 days for me The Sweet Spot is
11:03 from 45 days to 60 days because anything
11:06 that is longer than 60 days two things
11:09 happen right number one
11:12 basically the Theta Decay is not as high
11:14 right the Theta Decay is not really as
11:16 accelerated as compared to when it's
11:18 slightly closer to the expiration date
11:20 so that is why I do not want to
11:22 typically go above 60 days and number
11:24 two you notice that the premium that you
11:27 get kinds of dropped off right so for
11:29 example if 30 days right let's say for
11:31 example 30 days you're able to get let's
11:34 say two dollars in terms of premium Now
11:37 if you were to take this by simple math
11:40 if you were to go to 60 days this should
11:42 give you let's say four dollars in
11:45 premium right because you're just simply
11:47 doubling it but instead you do not get
11:49 four dollars but instead what you get
11:52 maybe you only get let's say two dollars
11:55 and 80 cents right so you can see it get
11:58 much lesser and if you get to 90 days
12:00 the kind of Premium which you get per
12:03 day becomes even lesser so if you take
12:06 just simple math 30 days times three it
12:08 should give you six dollars right
12:10 because you just times 3 because it's
12:12 just three times of 30 days but instead
12:15 of six dollars maybe you only get three
12:18 dollars and thirty cents right so as you
12:19 can see the premium which you get per
12:22 day really drops off as the number of days
12:23 days
12:25 increases so that is why The Sweet Spot
12:28 is usually around 45 to 60 days where
12:29 you get a good decent amount of Premium
12:32 at the same time you also get a good
12:34 decent amount of fatal Decay at the same
12:37 time you will see that the expected move
12:41 is greater than the realized move so
12:42 that means that if you were to trade the
12:45 expected move within the 45 to 60 days
12:48 your expiration date more often than the
12:51 68 suggest all right you will be
12:53 profitable all right so this is all
12:55 theoretical so how does it actually
12:58 plays out right when you actually start
12:59 trading it so what I did is I actually
13:02 put on a Year's worth of Trades where I
13:04 trade the expected move and then I'm
13:05 going to show you the results and we'll
13:07 take a look together to see whether is
13:09 it true that you know it's more than 68
13:11 right more than the probability suggests
13:14 where it says where it's supposed to be
13:17 eighty four five percent or whether do I
13:19 actually only hit 68 or is it lower but
13:21 the way if this video has been helpful
13:22 to you so far I greatly appreciate if
13:24 you hit the thumbs up button and also
13:26 subscribe to my channel so I can create
13:28 more videos like this for you in the
13:30 future okay back to the video alright so
13:31 there are a number of different options
13:33 strategies that you can use to trade the
13:35 expected move so for this what I did is
13:38 I traded the strangles all right so in
13:40 my previous video I talked about uh the
13:43 top three most profitable Market neutral
13:45 trading option strategies right so
13:46 basically it doesn't matter where the
13:48 market goes as long as it stays within
13:50 the expected range then you are able to
13:52 profit right so if you're not sure what
13:56 the strangle is it's basically uh just a
13:57 short call and a short put combined
13:59 together all right so let's for example
14:01 you just take a look at this price down
14:02 here so what you want to do is you sell
14:05 a call above and then you want to sell a
14:08 put below as well so basically where you
14:10 place the strikes is where you the
14:12 expected move is right so for this what
14:15 I did is that I tried to place as many
14:17 strangle trades as possible I place it
14:18 at different days different prices
14:20 different expiration dates if you try
14:22 and get as many trades in as possible so
14:24 that the problem probabilities will work
14:27 out so as you can see this is all the
14:30 strangle streets that I did for 2022 all
14:32 right 2022 as you can see there are
14:35 winners and there are losers and there
14:37 are quite a number of losers down here
14:39 all right this is where the market right
14:42 became more volatile than what the
14:46 actual impact volatility is but at the
14:48 end of the day as you can see it was
14:51 profitable right so for this uh strangle
14:54 because as you know this is a naked
14:55 option strategy where you have a naked
14:57 call and a naked put I do not want to
15:00 hold it all the way to expiration so for
15:02 this I got out at roughly around 21 days
15:04 to expiration because I did not want to
15:06 gamma to pick up so whether it's a win
15:08 or loss I would just get out at around
15:11 21 days to expiration so here's the
15:13 summary so total I did about 68 trades
15:16 and then there were 46 winners and there
15:18 were 22 losers and the win percentage is
15:20 actually only
15:24 67.65 and interestingly enough off is
15:26 basically what the probability suggests
15:28 right the probability already suggests
15:31 that it will be 68 and that's exactly
15:33 what I did and I did not actually get
15:36 anywhere near 85 and the reason for this
15:38 is because there's not a large enough
15:41 sample size right so for any statistical
15:43 significance you need to at least have a
15:45 couple of hundreds to even a thousand
15:47 trades for the probability to play out
15:49 right it's just like you're flipping a
15:51 coin right whether to get hits or tails
15:54 it's a 50 50 chance now if you were to
15:57 just flip the coin 10 times it's very
16:00 easy for you to maybe get hits seven
16:03 times and then the tail
16:06 just three times but does this mean that
16:09 the coin is a 70 chance that it's a hit
16:11 and thirty percent chance it's a tail
16:12 definitely not right because if you were
16:15 to flip a coin closer to around a
16:17 thousand times then that's where the
16:21 probability will start to go to around
16:23 50 right so that is where the law of
16:25 large numbers comes in you need to have
16:28 many trades that comes in now the second
16:30 thing to note is that although we only
16:34 had a 67.65 percent at the end of the
16:36 day we were still profitable so it
16:39 doesn't mean that if your probability is
16:41 around the same as what the probability
16:43 suggests that you're not going to be
16:45 profitable no it doesn't mean that way
16:47 it you're still going to be able to be
16:49 profitable as long as you manage the
16:52 trade well now as you know the strangle
16:54 is an undefined risk strategy so
16:58 theoretically the loss can be unlimited
17:00 but probability wise that is highly
17:03 unlikely in fact the biggest loss would
17:04 most likely just USB two standard
17:06 deviations right so step two standard
17:08 deviations is basically the buying power
17:11 requirement that you would put up for
17:13 this trade right so for the iw1 it's
17:15 roughly around two to three thousand
17:17 dollars so that's basically what the
17:20 broker would suggest could be the
17:22 maximum risk now of course there are
17:23 times where you're going to lose much
17:25 more than that especially like during
17:27 the kovic crash but that is why you need
17:29 to keep on putting all these trades on
17:31 right keep your position sizing small so
17:33 as you can see for this all these are
17:36 pretty small uh relative to my account
17:38 size so as you can see the biggest loss
17:40 is only a thousand four hundred ninety
17:42 five dollars so this is where you you
17:45 can control the losses when you do hit
17:47 the losses so you can see from the stats
17:48 down here my biggest winner is four to
17:51 five and then the Biggest Loser is
17:54 1495 dollars now this is something
17:57 that's very common for undefined Rich
17:58 trading strategies right for option
18:00 trading strategies that's undefined
18:03 because uh when you have a option
18:05 Trading strategy where the probability
18:08 of wind is quite High most of the time
18:10 you're going to have smaller winners and
18:11 then you're going to be much bigger
18:14 losers right so although your loser is
18:16 much bigger is being compensated by the
18:19 high win rate which you have so most of
18:21 the people or rather most Traders are
18:23 just used to you know having big Winners
18:25 and then many many small losers but in
18:27 this sense right this is the opposite
18:29 right you're going to have many many
18:31 many small winners but then you're gonna
18:33 have the occasional big loser as well
18:35 what's important is that at the end of
18:36 the day as long as you're profitable
18:39 then that's what matters okay so you can
18:42 see the average winner is about 249
18:43 dollars but the average loser is
18:46 actually not too far off it's about just
18:49 only about 30 or so uh slightly more
18:50 than the average winner and that's
18:52 because the number of losers which you
18:54 have is going to be much lesser so when
18:56 you average them out your average loser
18:58 is going to be actually much lesser so
19:01 let's calculate the expectancy so if
19:03 you're not familiar what expectancy is
19:05 basically it's a way for you to
19:08 calculate and see whether your trading
19:10 methodology is actually profitable right
19:12 so for this the expectancy the way you
19:14 calculate is basically the percentage of
19:16 the win rate times the average winner
19:19 minus of the percentage of losers times
19:21 the average loser so you can see it
19:24 opens up to 77.61 that means on average
19:26 every time I put on the trade I should
19:28 be expecting to make
19:31 77.61 cents all together in the long run
19:34 so as long as I have more occurrences so
19:36 let's say if I have a thousand
19:38 occurrences let's say in a year then
19:40 what I'm looking to make is actually
19:44 roughly around 77 times 0.61 times a
19:45 thousand all right so you can see
19:49 overall this is a profit now there is
19:51 another way that you can actually trade
19:53 the expected move and the other way is
19:55 using What's called the put ratio spread
19:57 now the poor ratio spread is different
19:59 from the strangle because there is only
20:01 one side of the wrist so if you're not
20:04 familiar what the put ratio spread is is
20:06 basically a shot put all right you have
20:08 one shot put
20:11 and then you use the credit from here to
20:13 finance a debit spread right so
20:15 basically you have a debit a put debit
20:18 spread here where you have a put option
20:21 and then another shot put so total you
20:23 have two short puts and then one long
20:26 put so this makes the put ratio spread
20:28 so if you were to take a look at the
20:31 risk graph the risk profile of the put
20:33 ratio spread it will look something like
20:36 this all right so as you can see uh
20:39 there is a 10 ship somewhere down here
20:42 and the market price would be normally
20:44 somewhere around here right so this is
20:46 where normally the market price is so as
20:49 you can see there is this 10 ship here
20:52 where the profit will be the highest if
20:55 the market actually goes down into this
20:57 10 and you will only basically realize
21:00 this uh big profit down here only when
21:02 it's around expiration date so for the
21:04 put ratio spread is very different from
21:06 the strangle because the strangle first
21:09 of all it has both both sided wrists
21:11 right you have the wrist to the upside
21:12 you have the wrist to the downside
21:13 whereas for the poor ratio spread you
21:15 see there's absolutely no risk to the
21:17 upside so the market can keep going up
21:19 for all I care and then I'll still just
21:22 get the premium which I received for
21:24 selling this put ratio at the start but
21:27 as it goes down you see there is an
21:28 opportunity for me to make much more
21:30 than the credit I receive
21:33 and then but if it passes past this
21:35 break-even point then that's where this
21:36 put racial spread will start to lose
21:39 money so before it can actually start to
21:41 lose money I want to make sure that
21:43 there is a chance for me to make a lot
21:45 of money so this is pretty much a very
21:48 defensive move so for the poor racial
21:50 spread what I did is I basically placed
21:52 the short strike down here at where the
21:55 expected move is all right so this is
21:56 another way for you to trade the
21:59 expected move so the put ratio spread
22:00 what I did for here is I tried to put on
22:03 as many trade as possible and the
22:05 difference between the poor ratio spread
22:07 and the strangle one thing is that the
22:08 put ratio spread is a slow spread so
22:10 that means I want to hold all the way to
22:12 expiration because I want to have a
22:14 chance to hit this big profit Zone down
22:16 here all right so for this I actually
22:20 traded on the XSP which is the S P 500
22:23 mini SPX options index so for this there
22:26 is no chance of early assignment because
22:28 this is European style options so
22:30 basically all your profits and loss will
22:33 be realized only at expiration and this
22:35 is a cash settlement all right this is a
22:37 cash settle option
22:39 that means there is no assignment of
22:43 shares at all so once the option expires
22:46 right so they will calculate whether you
22:47 are in a profit and a loss and
22:49 everything will be settled in cash right
22:51 so if you're lost they will take money
22:52 out of your account and if you're in
22:54 profit they will just put the money into
22:57 your account so as you can see straight
22:58 off the bat you can see that there are
23:00 many more winners and the reason is
23:03 because the poor ratio spread is a very
23:05 very high win rate kind of strategy
23:07 right so if I were to go back to take a
23:08 look if you take a look at the risk
23:11 profile if the expected move is down
23:13 here all right you're basically a break
23:16 even is much lower than this because you
23:18 have this embedded long spread down here
23:21 so your win rate down here is easily
23:25 anywhere from 80 percent to even 90 plus
23:28 percent right so that is why you see
23:30 that there is a lot of wins compared to
23:33 losses in this trades all right in this
23:34 uh put ratio spread so again the summary
23:38 down here total there's 51 trades all
23:40 this all held to expiration so you can
23:42 see the winner is 49 winners and there
23:44 are only two losers so the win
23:46 percentage is actually very high as you
23:48 can see it's 96.08 and this is
23:51 definitely much much higher than what we
23:52 saw in the previous table because
23:53 remember the previous table which you
23:55 saw where there is uh the actual
23:59 occurrences within the expected move is
24:02 85 but in this case it will be higher
24:04 because you've eliminated one side of
24:05 the wrist so there's no risk to the
24:07 upside there's only risk to the downside
24:08 so as you can see down here the biggest
24:11 winner is pretty close to the biggest
24:15 loser and that is because of this tent
24:16 down here right this tent shape down
24:19 here so you're able to actually make a
24:23 lot if you hit this uh tent down here
24:26 and you realize the the max profit so
24:28 you can see that the Biggest Loser is
24:30 only around 2010 there's only one time
24:32 the second time we only had roughly a
24:33 hundred and ninety dollars lost so you
24:35 can see that for this the average winner
24:39 again is smaller than the average loser
24:42 also because the the most of the time
24:44 when the market goes up you can see that
24:46 it pretty ex pretty much just expired
24:49 worthless right so I just collected the
24:51 credit right at the beginning so for
24:52 this the expectancy again we calculate
24:54 is roughly
24:59 395.73 and the overall profit is 20 182
25:01 so for this the put ratio spread
25:05 actually did much better than the
25:07 um strangle and the only reason is
25:09 because in 2022 this is pretty much a
25:11 bear Market you can see that generally
25:14 the market has been going down and put
25:16 ratio spread makes the most money when
25:18 the market is below the current price
25:20 where you put it on so there are many
25:23 times as you can see in this uh Trace
25:24 which I have you can see there are a
25:26 number of times where I hit the 10th
25:28 right I hit the tent where I'm able to
25:31 get much more than the actual premium
25:34 which I sold it for right so there are a
25:37 number of times because the market is in
25:39 basically a bear Market the market goes
25:41 down so this is one way for you to
25:44 profit in the bear Market instead of
25:46 just doing you know trades like iron
25:48 Condors or strangles all right so
25:50 although this expectancy here is pretty
25:52 high chances are it's not going to stay
25:54 this way the market resumes its bull
25:56 market run right because in a bull
25:58 market as you know the market will keep
26:00 going up so most of the time if it keeps
26:02 going up You're Gonna Miss This 10 and
26:04 you're just going to make this uh a
26:07 premium which you sold for at the start
26:11 all right so the this expectancy chances
26:12 are is going to drop off in a bull
26:13 market and it's going to pick up again
26:15 in the bad market so overall the put
26:17 ratios has been very profitable for me for
26:18 for
26:20 2022. so if you want to get much more
26:23 consistency in your profits and in your
26:25 results when you're trading options then
26:28 you want to look to trade expected moves
26:30 options trading strategies all right
26:32 guys so I hope that you found this video
26:34 very helpful and if has I appreciate it
26:37 if you give me a thumbs up and also if
26:38 subscribe to my channel as well so this
26:40 way I can create more videos for you as
26:42 well and as always thank you for
26:44 watching I appreciate your time and made
