092: Strategies for Option Trading with Kirk Du Plessis
Kirk Du Plessis is a full-time options trader, real estate investor, stay-at-home Dad. In addition, he is also a trading coach. His background and experience include time on Wall Street as an investment banker, a senior stock analyst, and a senior loan officer. He is the Founder and Head Trader at Option Alpha, It is an online education and training platform for options traders. They cater to students from 42 different countries around the world. In this podcast, he will discuss strategies for option trading.
\nAside from online education, Option Alpha is also a coaching platform for investors. They help them learn more about the financial markets and derivative options. Besides, they provide focused training covering options strategies, risk management, trading psychology, option pricing, and portfolio allocation.
\nDue to Kirk's commitment, Option Alpha has become one of the industry's leading options education website. They have more than 30,000 daily readers. He is responsible for everything. From maintaining the business model, revenue strategies, marketing, strategic partnerships with brokers, writing, design, and website development. It's truly been a passionate entrepreneurial journey.
\n(00:01-01:50) Opening Segment
\n\u2013 Introduction of the guest, Kirk Du Plessis into the show
\n\u2013 Kirk shares his bio and something people don\u2019t know about him.
\n(01:51-8:10) The Journey to Option Trading
\n\u2013 Kirk explains how he compares option trading and real estate investing
\n\u2013 Kirk also specified the real estate asset types he and his wife do.
\n\u2013 How did Option Alpha start?
\n\u2013 How Option Alpha went from Journal Blogs to Software Research-based company
\n(08:11-35:17) Option Trading Market and Strategies for Option Trading
\n\u2013 What is Stock Options?
\n\u2013 Option trading is synonymous to \u201cWholesaling Contract\u201d
\n\u2013 Different ways investors can make money in option trading
\n\u2013 Beautiful things about option trading
\n\u2013 Components of trading options
\n\u2013 Thought process and strategies for option trading
\n\u2013 What to look for in option trading
\n\u2013 Kirk shares how he trade earnings
\n\u2013 What to look at Auction Strategy?
\n\u2013 \u201cDo not have asymmetric risk\u201d
\n\u2013 Uncorrelated risk is better
\n\u2013 How to manage options?
\n\u2013 The gold standard for option traders
\n\u2013 Trading platform that Kirk uses
\n\u2013 Kirk\u2019s advice for beginner option trader/investor
\n\u2013 Gotchas and pitfalls of option trading
\n\u2013 The success story of option trading
\n\u2013 How COVID affected Kirk\u2019s business
\n\u2013 Kirk\u2019s recommendation about the stock market in the near future
\n(35:17-35:36) BREAK
\n(35:37-35:55) Second Segment
\n\u2013 Welcoming listeners back and re-introducing podcast guest, Kirk
\n(35:56-39:52) Fire Round
\n\u2013 Will Kirk change his business strategy after Coronavirus?
\n\u2013 Favorite real estate finance or and personal development related book?
\n\u2013 Website or tools that Kirk recommends
\n\u2013 How does Kirk give back?
\n\u2013 How can Wealth Matters Podcast listeners reach out to Kirk?
\n(39:53-40:09) Closing Segment
\nReach out to Kirk by visiting his website optionalpha.com