Markets have gotten expensive and small account traders feel locked out. Kai and Mike Butler walk through strategies that make expensive markets tradeable for any account size. The core concept is product indifference: stop picking stocks and start picking volatility and sizing.
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Chapters
00:00 Expensive markets and smaller accounts
00:25 Kai joins: strategies for navigating high-priced underlyings
01:17 Wing width changes buying power dramatically
01:55 Short strike barely moves buying power at all
02:46 Less Greek exposure but you can still shape the trade
03:03 Product indifference: the underlying does not matter
03:35 Look at volatility, sizing, and liquidity, not the ticker
04:02 XSP is 10x smaller than SPX and getting more liquid
04:41 Shor...