We're joined by Adam Cohn, Vice President and Head of Trading Operations at TradeStation, an award-winning trading platform known for its comprehensive trading tools, advanced charting capabilities, and extensive market analysis features.

Adam brings a wealth of experience, not just from his role at TradeStation but also from his extensive background in options trading in the Chicago pits and as a market maker. His deep understanding of market structure and dedication to best execution have made him a trusted figure in the industry.

In our conversation with Adam, we discuss trading operations, market structures, and the complexities of order execution. You’ll learn about order routing and execution, what factors determine fills, payment for order flow (PFOF), the role of market makers, and so much more.

This episode is a must-listen for options traders looking for a deeper understanding of trading options!

See the full show notes here

Show Notes: https://optionalpha.com/show232

Navigating options expiration is a critical skill for traders, especially with the rise of daily expirations.

This week’s podcast explores the top 7 automated tips and tricks you can use inside Option Alpha to set up your portfolio for better options expiration management.

See all 7 tips here

1. Adjust exit options as you near expiration
2. Check the extrinsic value of your positions/legs
3. Check the probability of short legs being ITM
4. Don’t use market orders, use defined limit orders
5. Tag positions for their state so you can analyze performance later
6. Setup alerts for low liquidity exit conditions
7. Setup ‘critical’ alerts for positions between strikes of a spread

Show Notes: https://optionalpha.com/show231

This week we explore the latest and most pressing challenges emerging for investors who have embraced autotrading.

As automation revolutionizes the financial markets, traders find themselves navigating uncharted psychological territory. From trusting bots and algorithms, coping with reduced decision-making control, and the novel complexities of autotrading that demand a new style of adaptation and resilience.

With help from our team, I’ll peel back the proverbial onion on the evolving mindset of options traders and shed some light on these new psychological challenges popping up.

See the full list here

1. Obsessive-Compulsive Overriding (OCO)
2. Strategy Straitjacketing
3. Current Events Fallacy
4. Sweeping Conclusion Anxiety
5. Shiny Object Syndrome Freeze
6. Bot Scapegoating
7. Feature Creep
8. Emotional Hedging
9. Version Control Disorder
10. Identity Panic Disorder