Emini ES Futures - Advanced Non Directional Options Trading

Begin with this free options 101 to learn call and put basics, one standard deviation pricing, and buying versus selling guidelines before pursuing the advanced non directional options trading course.

Explains how e-mini S&P 500 futures work, including expiry dates, how futures options are priced at a $50 multiplier, and how options align to the active futures contract.

Compare e-mini S&P 500 futures with SPY and SPX to highlight ES advantages, including 24-hour liquidity, margin leverage, and American versus European option features.

Discover why I prefer a short strangle to an iron condor, focusing on risk, break-even, and expiry strategy. The lecture covers strike selection, credits, and adjustments to manage the position.

Learn how margin works for ES futures short strangles, using spend margin to cover worst-case scenarios and watching margin rise as the market moves against you.

Compare thinkorswim and Interactive Brokers for futures options, examining margin requirements, stop-loss availability, 24-hour trading, and the practicality of email alerts and manual adjustments.

Learn the short strangle on Emini S&P 500 options, including selecting 30–60 day contracts, selling calls and puts, collecting premium, and managing margin risk.

Learn the short strangle rule: sell both call and put, pick 30–60 day expiry, balance premiums to offset losses, and use one-standard-deviation strike spacing.

Learn a short strangle adjustment to exit with double premium when the market moves, using break-even ranges, premium collection, and stop-loss exits for non-directional ES futures options.

Explains a short stangle adjustment by rolling down puts and managing calls, shifting to February expiration to preserve premium and adapt to a downtrending market.

Apply the golden rule of adjustment by exiting an option when the premium doubles. Limit adjustments to two, exit rolling premiums, cut long, let profit run, and secure losses.

Avoid big market moving events with pre-event risk management, repositioning after high volatility, and applying the Frango rule to select options 30–40 days out for non directional trades.