Mini Courses

Why take this class?

From beginner to advanced students, shorten your learning curve by years through the most ambitious and detailed course ever attempted by StratagemTrade, and won't be offered by anyone else. Learn what takes many traders a whole career to figure out. 

Not to worry, there will be a worksheet roadmap that will guide you in this journey.

Schedule

Saturday, November 16, 2024 9:00am – 3:00pm CST
Saturday, November 23, 2024 9:00am – 3:00pm CST
Q&A Session TBA

Included

Two full days of class instructions, access to class recordings and PDF copy of slides.
A 3^rd session for Q&A will be scheduled in December.
Class materials including worksheet roapmap
13 Supplemental P.O.T. class recordings:  

• 3/23/16: Rolling Thunder
• 3/22/17: Ratio Spreads
• 4/25/18: Gamma Scalping
• 11/13/19: Dragon Fly Criteria
• 6/19/20: Morning Jelly Roll
• 2/25/21: DragonFly vs Butterfly
• 5/6/21: Diagonal Spreads
• 3/9/22: Baby ViPars
• 5/11/23: Pair Trades
• 5/17/23: Unbalanced Birds
• 5/31/23: Newton's Cradle
• 11/8/23: Long Term Alchemy
• 4/17/24: What is Razzle Dazzle?

*Free WSW shirt for the first 20 registrants (US and Canada only)
**Free 30-day free trial of P.O.T. class (new students only)

Registration

Early Bird Registration until November 12, 2024: $899
Registration effective November 13, 2024: $999

Register now!
Cost ALWAYS go up after the conclusion of the class
as we add more materials to the package.

Detailed class schedule to come.

Students Questions

I am relatively new to option trading and StratagemTrade, but a pretty fast learner. I am going to attend the WSW class as it is obviously the thing that is missing from my trading. I am a little concerned that I am not familiar with all the strategies you teach. Will I be able to keep up?

This is a relevant, common and important question. Originally, we were giving away 10 FREE POT CLASSES on subjects we felt people may not be familiar with. Scott went back to the list and increased that to 13 classes. This should be morethan enough to have you up to speed. Each2-hour class is usually sold for $79 ($1027 total cost), so thisBONUS alone is worth more than the price of the class. That is howserious we are about this class, and its importance in our opinion.Profit is secondary to your success.

We have never done this before, andlikely never will. But like Mercedes giving away airbag technologyfor free to the world, we also feel this class is that important.

You do directional trades by using verticals (some are Razzle Dazzles), unbalanced condors and DragonFlies. How do you pick which strategy to use? Is there a better situation for one vs. another?

This is a great question and is a book in itself. You may have heard me mention that we have a mini class coming up titled Which Strategy, When. This will be two long days plus a Q&A, and could probably be expanded into a huge book or week-long class. Every single strategy has its own strengths and weaknesses based on volatility, skew, decay, and other considerations. Like tools in a carpenter's tool box, you may be able to blunt force a screw into a piece of wood with a hammer; however, a screw driver is the better choice. The same concept applies with trading strategies.

How do you determine how many days to expiration? I’ve seen you do as few as 1 day and sometimes as many as 5 days. I’ve heard you mention that “long term” is 10 to 12 days so how do you choose 3 days vs. 5 days for instance. I’ve read through the DragonFly criteria but it is so high level and has so many variables, I was looking for a simpler “rule of thumb” type guideline, if there is one.

This is a very good question. Many times I will be trading short term trades (under 3 days) because that is what a particular strategy lends itself to. The Unbalanced Condor, for example, is designed to take advantage of time decay. Knowing the time decay curve of an option or spread is heaviest the day of expiration, it makes zero sense to place the trade far out in time where time decay is at a minimum. There are exceptions to everything, though, as one may chose to do an Unbalanced Condor far out in time as a means of selling protected volatility when skew is very high. 

We will also do shorter term trades because the index is approaching a large number. Right now, the market is looking like it wants to test the old highs of SPX 5265. This should be touched as early as tomorrow, but may take several days for the market to find the right news to act as a catalyst to justify a move. 

Some strategies are far out in time as we are going with a large trend, or thinking a trend may be ending and we want to play contrarian in an expiration that is more forgiving to adverse underlying price moves.

I know you want to keep in mind any big news event that could drive the market, such as a Fed meeting or an Inflation Number. I know you want to either have the trade expire right before the event or craft a trade that will have no risk before the event. But that time frame could also be 3 to 10 days out so how do you narrow it down?

I will have the expiration on the day of or after the event I am looking at in these situations, depending on the strategy used.

When you don’t have a good feel for market direction, is there a strategy that is better than others?

This goes back to the first question of what is the best strategy and when to use it. If I have no opinion on the market, which is more than half of the time, I like to be short volatility and have time decay be the driving force behind profits. That said, if we are moving a lot but volatility is so low that the options/spreads are not compensating you for the amount of movement/risk taking place, you will lose.

There are a LOT of variables at play which is why the WHICH STRATEGY and WHEN class needs to be presented. This is what every firm lacks in their teaching, and is the most important element of trading. We will be the first.

Scott, is this all that it is cracked up to be? I have never seen you push sales on anything before, but this class you talk about as if it is mandatory. Why?

If I were teaching my kids how to trade and they had limited patience or time, I honestly feel that this is the class that would best prepare them to make good decisions when trading. We do not push sales hard. I have taught at some of the biggest education companies and I learned that the thing that turns students off the most is pushing other classes, so I made it a point to never sell. 

Yes, I will come out and describe what is in a new class, but many of you have written to me about buying a class and I said “save the money, you are not ready for it”, or “save your money, you already know the material”.  We want students who are happy and feel they received value as they are who recommends us to friends. We grow through friends, not pushing sales.

Having said that.....I can NOT recommend this class enough for every level of trader and investor. It is that important.