Pare de VENDER PUT fora do dinheiro! OPÇÕES

Summary

In this video, the host introduces the 'Slide' strategy in options trading, explaining how it offers a more robust alternative to traditional put selling (Delta 30). The Slide combines a bearish spread with an additional out-of-the-money option, reducing risk while enhancing profit potential in sideways or moderately falling markets. The strategy provides higher premiums and lower chances of assignment, making it an attractive option for traders seeking stability and profitability. The video emphasizes the importance of using advanced strategies like the Slide to maximize returns and minimize risks in options trading.

Takeaways

• 😀 **Option Selling Risks**: The video begins by discussing the risks associated with traditional option selling, particularly when using Delta 30 strategies, where the risk increases significantly if the asset price drops unexpectedly.
• 😀 **Delta 30 Option Selling Pitfalls**: Selling options at Delta 30 presents a 30% chance of the option being exercised, but this strategy often results in minor premiums and potential difficulties when the market moves against you, especially with low premium payouts.
• 😀 **The 'Slide' Strategy Introduction**: The speaker introduces a more robust alternative to traditional option selling: the 'Slide' strategy, which involves a combination of low-risk trades that offer better potential returns with comparable or even reduced risk.
• 😀 **Comparing Traditional Selling to Slide**: The 'Slide' strategy allows for the same risk level as traditional Delta 30 selling, but with the potential to earn higher premiums and a lower likelihood of exercise due to its strategic setup, which combines a 'long' and 'short' option trade.
• 😀 **Slide Structure Explained**: The 'Slide' setup includes a low-cost debit spread (trava de baixa), where you buy an option with a higher strike price and sell one with a lower strike, creating a structure that minimizes risk while enhancing the reward.
• 😀 **Lower Risk in Slide vs. Delta 30**: The 'Slide' strategy allows for assuming the asset at a lower price (e.g., R$55.33 instead of R$56.83), which reduces overall risk in comparison to the Delta 30 strategy, offering a greater cushion if the asset price falls.
• 😀 **Higher Premiums in the Slide Strategy**: With the Slide, the trader receives a larger premium (up to R$3) as opposed to the R$1.50 from a traditional Delta 30 sale, thus increasing the potential reward.
• 😀 **Benefit of Lateral or Moderate Decline Markets**: The 'Slide' strategy is particularly effective in sideways or slightly declining markets, as it offers a larger range for profits compared to traditional selling, where the return is limited.
• 😀 **Using the Slide Strategy for Income**: The 'Slide' is a more advanced strategy that can be used for regular income generation (recurring revenue), especially in markets that show low volatility or slight movements, making it a good fit for those looking for more predictable returns.
• 😀 **Strategy for Lateral or Sideways Markets**: The 'Slide' works best in lateral or low-volatility environments, where the asset is expected to stay within a specific range. This makes it a useful tool for traders who don’t want to worry about large moves but still wish to generate returns.

Q & A

What is the traditional 'Delta 30' options selling strategy?

The traditional 'Delta 30' strategy involves selling a put option with a Delta of 30, meaning the option has a 30% chance of being exercised. The premium received from this sale is relatively low, but the risk is higher if the underlying asset moves against the position.

What are the main issues with the Delta 30 options selling strategy?

The main issues with Delta 30 options selling include the relatively low premium received, the risk of the asset price moving against the position, and the need to roll over the position if the option is in danger of being exercised, which can lead to additional losses.

What is the 'Slide Strategy' in options trading?

The Slide Strategy is a more advanced approach that combines a bear spread (trava de baixa) with an additional out-of-the-money (OTM) option to offset costs. It aims to reduce risk while potentially increasing profits compared to traditional options selling strategies like Delta 30.

How does the Slide Strategy reduce risk compared to Delta 30?

The Slide Strategy reduces risk by offering a higher probability of profit and a broader range of possible outcomes. The addition of an out-of-the-money option lowers the chances of exercise and provides a lower cost of entry, thus reducing potential losses.

What are the key advantages of using the Slide Strategy?

The key advantages of the Slide Strategy include higher potential profits, lower risk, flexibility in rolling and adjusting positions, and better profitability in lateral or mildly bearish markets. It allows traders to reduce risk while maintaining or increasing their income.

How does the Slide Strategy work in a lateral or mildly bearish market?

In a lateral or mildly bearish market, the Slide Strategy works by allowing the trader to generate profits from the premiums received. If the asset price stays within a specific range, the position can profit significantly, especially if the asset stays within the range of the strikes involved.

Can you explain how the Slide Strategy works using the example of Vale stock?

In the example of Vale stock, the Slide Strategy involves buying a put option at a strike price of R$62.33 and selling a put option at R$58.33. The premium received from selling the R$58.33 put offsets the cost of the R$62.33 put, resulting in a low-cost, higher-potential profit position with lower risk than a Delta 30 position.

What is the 'Range of Profit' in the Slide Strategy?

The Range of Profit in the Slide Strategy extends from the lower strike of the bear spread (R$58.33) to the higher strike (R$62.33). The trader can earn profits within this range, with the maximum profit occurring when the asset price remains within these bounds. If the asset price drops below R$58.33, the trader begins to assume the asset at a lower price.

What happens if the asset price falls significantly in the Slide Strategy?

If the asset price falls significantly, the Slide Strategy still provides protection. The trader can assume the asset at a lower price than in traditional Delta 30 selling. Additionally, the position can be adjusted by rolling options to further reduce risk and lock in profits.

When is the Slide Strategy most useful in options trading?

The Slide Strategy is most useful in lateral markets or when the trader expects the asset to experience only a mild decline. It's also suitable when a trader wants to reduce risk while maintaining the potential for profit. The strategy works well for generating recurring income in markets that are less volatile.