Trading Options: Setups and Rules

5 Feb

In a previous video, I explained my share trading strategy, specifically for choppy markets (available here):

But many of you have asked about when I decide to take options over shares and what setups do I look for.

This video covers my own option rules and setup guidelines.

Key points from the video:

• Always wait for re-tests of support and resistance. Second is good, third is best!
  
• Always draw out intra-day trends via trendlines. This alerts you to changes in market condition.
  
• Confirm breakouts by marking re-test highs and re-test lows (explained in more detail in the video)
  

Thanks for watching and as always, safe trades!