Option Omega

Troy chats with Ben Decker about options and touches on a variety of topics including learning options, risks, credit vs. debit, swans & hedges, balancing babys and trading and work---- and so much more! Cigar Lounge is free hangout on the Option Omega discord. Subscription not required. Cigar Lounge excerpts are exited for content, clarity and length. It's a casual discussion-- not financial advice. ------------ Option Omega is an options backtester for backtesting index options on SPY, IWM, QQQ and SPX. We use 1-minute historical data for fast, powerful backtesting to quickly optimize and refine options trading strategies in a modern, simple to use, customizable web app. (We started with 5-minute historical data, so some of the older videos are using 5-minute data). Subscriptions are available in monthly or annual plans. Find out more at optionomega.com

Troy chats with Eric from Alpha Crunching-- they go deep in this 1+ hour talk about options and so much more! Cigar Lounge is free hangout on the Option Omega discord. Subscription not required. Cigar Lounge excerpts are exited for content, clarity and length. It's a casual discussion-- not financial advice. ------------ Option Omega is an options backtester for backtesting index options on SPY, IWM, QQQ and SPX. We use 1-minute historical data for fast, powerful backtesting to quickly optimize and refine options trading strategies in a modern, simple to use, customizable web app. (We started with 5-minute historical data, so some of the older videos are using 5-minute data). Subscriptions are available in monthly or annual plans. Find out more at optionomega.com

Troy and Thorsten dive deep on what it's like trading options in Germany, look at some backtests, and have a generally great time! 00:15 Welcome and Cigar Introduction 01:12 Options4Winners 03:15 Options on commodities (steel) leading into other types of options 05:20 Hedging with options 06:45 Options selling in Germany 07:40 How German options differ from other markets 12:30 Discussion of how rules and parties work in Germany 15:22 Options involve risk 17:25 Paying for tapas with options 19:15 Monthly plan 22:40 German Income Trading Mindset 25:00 Cultural differences in options traders 27:40 F150s/F250s 30:30 Thorsten's conference 2023 32:00 Trading tools in Germany 34:10 Popular backtests 39:40 Taking small losses 42:05 Changing conditions/adjustments during a trade

Brent Kochuba is the Founder of SpotGamma, a financial insights company, which applies its proprietary methodology toward modeling index and equity options and then provides unique content to its subscribers. SpotGamma has thousands of members and has been featured in publications such as The Wall Street Journal and Bloomberg Markets. At SpotGamma, Brent oversees all of the product development and creative content.

Prior to SpotGamma, Brent was most recently a portfolio manager with Seven North Capital Management where he focused on creating options-based investment strategies. Prior to that, he spent time as a derivatives broker at Wolverine Execution, Credit Suisse and Bank of America. Brent now lives with his wife and children in Easton, Connecticut.  Brent holds a B.S. in Emerging Technologies from the University of Connecticut.

Tammy Chambless on options volume, backtesting, volatility and more (OO Cigar Lounge 03.07.2023)