Episode two of Know Your Options, and Dr. Jim Schultz takes a beginner from nothing to a placed order. The premise is that you have no ideas at all and want to put something on, and the whole path is built for a premium seller sticking to defined risk. He starts at the watch list and walks every decision in order without skipping the boring parts.
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Chapters
00:00 Welcome to episode two
01:37 Finding a trade start to finish
02:00 Two caveats before we go
03:46 Step one is the watch list
06:45 Sorting the list by volatility
08:30 What IV rank really means
11:18 What counts as high enough
13:44 Screening the list down
14:32 The second volatility number
17:55 Choosing a strategy category
19:46 Why a vertical spread first
21:01 Nobody knows direction
2...