Transcript for:
Monthly Income Through Put Selling Strategy

in this video you're going to learn everything you need you need to know about put selling so you can use it to generate monthly income and do so safely again you'll see exactly how I did this for myself here's a screenshot from my broker I made about $1,400 using only 5,000 in a matter of 3 months that means I made 30% return all my money in just 3 months but not only have I done it for myself here's a back test to show you that hey longterm this works over the last 10 years which will'll be diving into further and then also I've helped over well now 600 people do this as well here's what you'll be learning on this training you'll be learning why you should be trading the put selling strategy how to structure the put put selling strategy how to manage it how to actually understand the risk and how to mitigate it with account sizing and scaling rules how I personally trade it the the strategy that I actually follow and hopefully I can get my face out of the way here make it smaller just so it doesn't take up too much of a screen and then also I'll be walking you through how to trade in different markets what if the market is bullish what if it's bearish what if truful how do I trade it I'll show you each one of those in examples I'll show you the advantages and disadvantages so you know what's amazing about it and what to look out for and how to plan for that I'll show you a real trading example we'll dive into the chart we'll dive into my broker I'll actually show you how I pick these strike prices how I pick the options what I look for so that by the time you done with this video you will be able to walk away knowing exactly how to implement this strategy to make monthly income but do so very safely so that you can rely on it for retirement or to grow your account I'll also show you as a a bonus how how to automate the exact strategy so you can actually do all of this that I'm about to teach you either by hand or get your time back as well so here's the illegal disclaimer that I must share before we get into it is this is for educational and entertainment purposes only trading is risky and 99% of people will lose money past performance whether it's mine somebody else's that I show or a back test that I show does not guarantee future results so do not bet the house your retirement or your dog's college fund also trading is 100% your responsib ability so if something goes south it's not my fault all right sweet now why should we trade the put selling strategy why put selling okay it's a simple mechanical trade if you ever like oh my gosh have to find a new stock every morning I don't know what to do all these things like it's a new setup every day into something new that's not how trading should be okay you should be going to the same asset every day and you should be doing the same trade and that's what breeds consistency and that's what leads to results and so this is a simple mechanical trade where every single week you'll do the exact same thing uh you don't need to understand chart reading you don't need to be an expert at knowing support and resistance or anything like that uh you can easily scale this but they have a small account now maybe 5,000 or so or you have a $100,000 Plus account I'll show you exactly how you can scale with this strategy it has a very high win rate 95% or higher so if you're looking for something very consistent this is that there's no risk to the upside a lot of strategies cap your upside risk but now you have that upside profit and there are multiple ways to enter and exit this trade to ensure that you make money now how do we know all that how do we actually structure this trade how do we put it on what strike prices do we look for and all these things first off we need to understand the goal of this trade the trade goal for this is pass passive income from data Decay and bullish markets okay so you're ideally looking to make money from time passing and from the market gen uh in general moving forward or moving higher and so how do we structure this trade we look for an expiration date that's 90 days out again this is what the average type of person does 45 days uh strike selection is tends to be a one standard deviation trade so this means a 16 Delta uh put is what you're selling that on uh your Target credit you're looking to receive about 20 to $40 again this depends on the asset trading as well uh this is based on SPX or Futures Contract you're looking for around $ 20 to $40 now your ideal assets to trade this on are going to be Futures because you get the better leverage which you'll see when I dive into the broker section but again those symbols would be es GC CL again if you're not going to do future spy or s or SPF are great options as well now that we know how to structure the put how do we actually manage it and I like Austin you're moving a little too fast don't worry I'll share I'll do a whiteboard screen uh screen share soon and I'll break down everything more and down okay so the take Pro the take profit rules are 50% so since we hit a 50% return on our trade we will close it out stop loss rules can vary between the 200 to 300% depending on how much risk you want to take and then early management rules if you want to set those or around 21 DTE now what are the three biggest risk when using the put selling strategy okay number one is Market risk okay if if the market were to crash or go down d uh dramatically go down quickly uh we will see massive losses as a put sell that's something you need to know right because this is an undefined risk trade we could have unlimited losses if the market quickly goes against us we will see a lot of losses and so again that's the defin that's the definition of undefined risk and so the solution here is we use indicators to warn us about highrisk markets and when to stay out when to adjust our sizing and again I'll be walking you through that in just a second I'll take you to a chart and I'll show you a very simple free in in indicator that will warn you about crashes before they happen risk number two is manipulation risk so the problem here is if you've ever trade options for any amount of time you know this to be true right if you do a stoploss or a limit order this can lead to losses due to Market makers manipulating the options price so what I mean by this is when you put an order that just sits out there in the market because you're waiting for it to get filled in the future whether it be a stop-loss or a limit order when that order go sits out on the market anybody can see it and so market makers hedge funds and and algo firms and all these people will check out those orders manipulate the options price to get your order to trigger early and they will take advantage of your order and you'll have a loss for no reason and so that happens all the time in the options Market because it's less liquid than the stock market and so that's what you'll see a lot so if you've ever had a stop- loss or a limit order triggered early for no reason that was why now what's the solution we can only submit an order whether entry or exiting what whatever when we're ready to do that thing so we're ready to enter then we'll submit a limit order at the mid price when we're ready to exit then we'll submit a limit order at the mid price for exiting and so again only ordering we only at entering the order when you want which is something else that we could solve with automation as well and I'll show you that towards the very end of the video we have risk number three which is volatility risk so the problem is as option seller which is put selling is we're selling a put contract I'll explain more about this here in a second if volatility goes up we are going to lose a lot of money we are going to have more risk we're going to lose and so it big Spikes all of a sudden we'll see a huge um um and and sudden losses um and so again how we protect against this is uh we adjust our buying power use based on where vix is okay so in vix is lower option sellers we have more risk so we'll be in less trades right if vix is higher we have less risk and higher win rates so we should be in more trades when vix is lower we'll be in less trades when vix is higher we'll be in more trades and that's how we can adjust it now how does this come down to account sizing and account scaling okay so when it comes to account sizing again there's a thing called the 30% rule which means that you should have no more than 30% of your account in trades okay so if you have 100,000 th000 dollar account for reference then only $30,000 should be actively in trades and so that's how we look at it and so again that can vary you have a 50 a $5,000 account and then you want no more than 150 in trade so just understanding what that risk level is with your account and how much should be in trades now how do we scale this trade okay if you have less than a $10,000 account you should be doing this trade once a week on Mees why because this is the most buying power efficient small account asset you can use now is this the best asset to trade absolutely not the bid to ask spread is quite large and the volume is quite low but if you have a small account this is the only thing you can do now if you saw my broker screenshot that I shared shared earlier I was actually doing my own put selling on Mees for my smaller accounts I was doing it and it is working it'll just be a bit more difficult with the low volume if you have a $10,000 to $25,000 account you'll be doing a trade once a week on ES you'll be to move up to a more liquid asset something that you should be trading this on and you can do so on a weekly basis depending again on the asset and account size if you're around 25,000 to 100,000 you can do this trade twice a week on ES and then if you're 100,000 plus you can do this trade twice a week so Tuesday and Thursday so that is split up throughout the week on ES and then from there you'll slowly s to scale your contract sizing so you still do twice a week but instead of doing one contract you sell these sign you'll do two cont cont sell and three then four and size up as your account allows based on the 30% rule so all those details were best practices around this strategy now I'm going to share how I personally trade this and why I do that again my goal is the same goal again can generate reliable monthly income but with as little risk as possible looks like in there so I apologize for that days until expiration okay so on average most people go 45 to 90 DTE uh I go out to 120 and so you might be wondering why go out so far in the future because the further out in time you go the more time you have be right on the trade and because you have more time to be right the volatility risk is a lot lower so by going out further I lower my risk as a Trader number two I also increase my win rate why because the further out I go the further my strikes are from where the stock is trading my current level that I'm betting on it's further away so have a higher win rate and also third with that I get to collect more profit so the further out I go I have less volatility risk I have more um um profit that I make and I have a higher win rate so that's why I do 120 DT strike selection again I do a 10 Delta put okay instead of doing 16 Delta uh on it and coming up a bit closer what I like to do is 10 Delta I like to go a bit further out but still collect enough credit so not a five Delta but more around a 10 Delta is what I like and you'll see the back test behind this soon my Target credit per trade is it get around $3 to $50 so that's around the amount of credit that I'm trying to collect on these again I'm doing this on mes and Es and so that's that that's the credit Target that I'm basing it off of my take profit is now at 25% now you may wondering okay this is a smaller take profit why only at 25% this allows my trades to turn over faster okay so another point of risk is that if you put on a trade once a week and the trade takes a month to close now you have four trades open that are all at a risky point that can all lose and each one can lose you a few thousand each but if you do a tighter take profit like 25% now the trade only goes on for two weeks so now I only have two open trades R running at a time so I have half of the risk out there meaning that if the market were to do something bad I'm only going to lose on two trades instead of four trades like before so able to close my trades faster and have less money out there to for for something bad to happen with early management is 21 days why do I do this because Vick spikes can automatically knock me out of of positions if I have a set stoploss and so what I do is I just allow plenty of money so that if something goes wrong I have that money to withstand that those losses in the short term and then I just let the trade play out and then I close it at 21 days to help offset extra volatility or movement risk again my main assets are Futures options they trade best on futures options you'll see why when we go to the broker section here in a second but es and NBS are going to be the best ones for that here's the back test of mine and so might be saying that looks really good but I do want to pinpoint some some of the issues here okay so if we look at the original back test uh that I show you this is based on best PR uh practices and what the uh average person does for their put selling um you can see here uh in general does pretty well uh risk across the board is pretty standard minus 10% is the lows that you see here with your Max draw Downs if you see here though we do see a lot of shaky Movement we see a lot of up down and so you won't see that with mine it just look like one smooth curve again the reason for this is we're going out further out in time 120d DTE we're pushing our strike prices further with a 10 Delta and then again we're not closing a trade when when a stoploss level is hit we're just holding through the trade and so that helps to give us this very smooth curve which was about a 99% win rate but where's the issue with this because there's always an issue there's no free lunch in the market and that is this Max draw down risk is incredible remember I said the Max draw down risk for the original was around a 10% you can see here around 30% is what the Max draw down was in 2020 when the market absolutely crashed due to the pandemic and that's what we're seeing there and so how do we mitigate against this we adjust our trade sizing based on vix which I'll explain further in a second we can also use indicators to get us out of of the market before this happens we'll show you here in a second or a guaranteed way to make it through this or way to really help protect against this is to have plenty of money set aside this is why we use the the 30% rule that means SE 70% of our money will be sitting in cash and as it's sitting in cash we have enough money to withstand a huge draw down like this because we have cash in our account to do that and then the Market's going to reset and then it's going to be fine we have to let volatility play itself out and so that's what you see here so be aware the Max draw down risk is massive compared to the normal one but with when we're able to hold through it we get better performance over time getting can see here average days in trade is about two weeks and so again that's why I'm able to turn over these positions quite quickly which is great so the original okay now that you know how best practice is how I do it again you can make your own decision and thoughts around what you should do but regardless here's how you structure the put selling strategy in different markets okay if you're in a bullish Market this means higher highs and higher lows the market is trending higher then what you want to do is you want to follow the ideal Trad up again put selling Strate uh strategies work best when the market is trending up so this is this is when you will see uh your best profit and your fastest profit it means your trades will be closing the fastest now if we're in a bearish market the opposite of what works best for this uh again bare markets are defined by lower lows and lower highs so the Market's moving down in that instance to consider staying out of the market I have no problem getting out of Trades and staying out until the market resets I'll show you a a real example of this here when I pull up my chart but that's what you should do in bearish Mark in sideways markets again this is you're standing between the same high and same low or same support and same resistance it's just bouncing back and forth up and down if we have that type of Market again just follow the the normal setup that you do this is where data Decay will do wonders again the Market's Doing Nothing But as time goes on you make money that's why op option selling is great now what are some advantages of put selling generate consistent income it's very easy to set up it's just one contract one option it requires very little if any adjustments there's nothing you really need to do right you just put it on and then you let it work it can be stacked for continuous income meaning that you can do it once a week and now you have four trades all making money at the same time and again there's all kinds of ways to play you can change the Delta you can change the XR change the underlyings things like that plus it's a good way to buy a stock at a discount if you're trying to do that way which would be more trading up put selling on a stock or something where you want to be assigned shares now disadvantages is you have the potential for very large losses as mentioned before if big spikes if Market crashes you have a lot of risk which I'll help you mitigate here in a second but it can also be complicated if you're new to options because you know you do have to have the right broker pick the right strike prices and things like that because if you don't then you could lose money it require strict buying power man uh management meaning meaning that you need to be aware of how much money you're using in trades how much you have available and making sure you keep those within the right limits if you want to be safer it require is hedging so you want to hedge your trade which that will cost extra money there's uncapped downside risk it's an undefined trade and there's assignment risk if you don't trade it on Futures right so if you're trading it on something like a stock again you can be assigned shares which could be costly as well let's look at a real trade example I'm going to share my screen we're going to go to the Whiteboard break this down further go to the broker and then look at a risk profile so if I'm going to the Whiteboard let's break down exactly all the details I just said with an image to help you understand it better okay let's say this is a stock that's trading okay so let's say the stock is trading here okay I'm I'm going to sell a put which basically means I'm going to bet that the stock will stay above a certain level so maybe that level's way down here I'm betting here I'm selling a put here this means I bet the stock will stay above this level if it does I make money that's all selling put are so the market goes up I make money if the market goes sideways I make money the market goes down but stays above my level I make money the only time I lose money is when it breaks down and breaks Below My Level so again unlike a stock where I only make money when it goes up and I lose money when it goes down in this instance I have way more ways to make money because they can go up and I make money it can go sideways and they can go down and I'll still make money and so this is why I put selling as you saw has a really high win rate by default and like a 90% And then again we can make those adjustments that I showed you that I make for my strategy that pushes it closer to 99% which is quite incredible okay so again that's what the put selling strategy is you're betting that the stock will stay above a certain level and so again that's how we do it so let's say we get to enter in at a $20 credit so we sell a put way down here and receive $20 to put this trade on now if we're doing a 25% take profit that means that we're going to close the trade once the new trade price is let's see what's the is going to be $15 I think if I'm doing my mental mouth right $15 so once the new trade price goes to $15 Ming that away from 20 to 15 so we made $5 from 25% then that means that we're going to close the trade okay now we have no stop loss on this trade so we're just going to let time play out so again time is just going to do its thing and play out and we're going to make sure we have plenty of money to hold in those points of downside but this is how it is structured and this is how the trade Works super simple sell an option at a really far level let time play out and take profit at 25% how does this look like in the broker let me show you so here's the broker let's walk through it together this is tasty trade it's my favorite broker but you can use any one you want as long as you have option selling approval with the broker okay so if we click on the symbol here again we'll go to es this is a super liquid symbol to trade I'll also show you an example with spy so that you can see the differences between Futures and stock because there is a difference what we'll do is we go to trade we'll find this options chain which what it's called which shows us all the expiration dates and the strike prices so if we look here like I mentioned I go for 120 days out so that means I look at the strike prices which is this middle column and I look for ones that closest to 120 day or 120d so if I scroll down you can see here we have 129 this is going to be the closest right here or 130 I just say am contract and don't do am just do normal so 120 the closest to it will be uh this one right here which is going to be the 130 so I'm going to click into this the right side are my put contracts I'm going to make sure that I see Delta here so Delta I'm going to make sure that's selected I'm going to scroll down until I see minus10 or the closest to it so right here I do have minus10 which is a 10 Delta I'm going to sell this like I mentioned we target between $ 20 to $40 right now it's about 41 so that's right in our range and so you can see with that you can see I have a Max profit of $2,062 I have a potential win rate of 93% and I move my faith a buying power about 5,500 so this trade only takes 5,000 uh about $6,000 to to put on so let's do the math here okay if I have a $2,060 profit Target that means that if I'm taking profit at 25% I'm going to end up with a net profit on this trade if it's a winner of about $500 so that's great that means remember about two weeks so every two weeks I'll I'll make about $500 on this trade uh which is which is a really great setup we make about 500 now let's divide that to see how much money I'm making based on the amount of money I'm putting up this is called my return on buying power or my return on Capital so you can see here I have the B about $5,500 to put this trade on let's just go $5,600 freezy math that means that I'm going to make a 9% return on my money in a matter of two weeks right you can see there based on my 25% takeprofit I'm going to make a 9% return two weeks 9% tell me what bank would give you a 9% return in two weeks so basically every month if you do two trades a month because it's every two weeks you'll be making about an 18% return on your money which is insane which is really great and so again now it will make sense feel like Austin that makes sense now right if we can only use 30% of our account and now make sense how I can actually make a decent profit right if I have a 100K account I should be trading no more with 30k but if I'm making like 10% returns a month off this amount that I have invested that means I'm making $3,000 return but only using 30% of my account so that means I'm making a 3% return on my overall account a 3% return every month time 12 that's a 36% % return a year you've just beat the market by three to four times again and you're doing so with a very high win rate as well about 99 depending on how you structure the trade remember that's not guaranteed that's what we see in back test but still you can see how much profit you can generate from this and so again we do the same thing if we're doing it on spy or SPX the only different is the buying power won't be as favorable so we if we do this on spy we can go down here find 120 you see we have the 131 here so click on 130 we'll make sure we pick the 10 Delta so right here look for minus10 which is right here 515 and you can see here Max profit $400 so again 400 basically and then we multiply that by 0.25 that means our return on this trade with a 25% return is about a $100 profit but if we look at the buying power is the same as Zs it's $5,000 so this is why Futures give you so much more leverage right I put up 5,000 with Futures and I get to make 500 here put up 5,000 on stock and I get to make a 100 so this is why if you can use Futures options if you have the account that allows it that's why I always do these on Futures options because the return that I get is just amazing but regardless if you don't have access to Futures doing this on stock will still yield a great return as well again you're making a $100 return off of 5,000 so that's still a 2% return in a matter of two weeks which again is still really good for your account so that's how we pick the strike prices and understand what happens now let's talk about risk remember I said that we need to make sure that we're managing risk correctly and so the two things are Market crashes and Vol and volatility will be some of the biggest things here so let's address each one number one let's look at a market crash risk okay so matter what charting platform you use whether it's trading view like I'm using here or you're using your broker site go to the chart and go to the indicator section there's an indicator that all platforms have called the Ballinger band b o l i n g e r Ballinger band click on that now most people will use it like this and almost nobody has adjusted the settings like this before so let me show you how to do this if you hover over the indicator and go to the settings of it change the length by default it's 20 change it to 200 add an extra zero and click set what this does is this moves this middle blue line which is typically a 20-day moving average to a 200 day moving average so this helps me see the average range for a long-term trading or or long-term asset and so if we're looking at this shows where the market should be trading the market should be trading within this range this means if it trades outside of this range it's likely to pull back into it if it trades to the upside it's likely to pull back down if it trades to the downside it's likely to push back into the range that's what this shows you can see here broke out below push back up broke down below push back up broke BR out above pull down broke out above pull down above pull down and so you might be seeing where I'm going with this okay if that's what it shows that means when the market breaks to the top side what should I be doing I should be offloading some of my positions I should be decreasing my trade size right so if I know if I normally do four trades open at a time I should move down to two mid M uh maybe one trade if I feel very risky then I might even close out all my trades entirely and so with the market is breaking the top range you can reduce your risk massively by just offloading some positions clearing half of them or maybe getting out of all of them you can see here it would have helped you with 2020 it would have got you out here before it crashed down you would have been able to save a lot of your losses and then and been able to Hey look it's recovering and then re-enter which is actually what a lot of my members and I did back in this time it was shorted here and then we bought here and again a lot of my long-term Investments were bought here and now they've been doing great because of this and this is all using a free indicator that I recommend you guys should be using to help you understand where is the market at risk of turning around where is the market at risk of adjusting quickly and so that's how I use it to size my options trading and help with market crash risk now when we're dealing with volatility risk we're looking at vix which is the volatility index okay you can see here I drew it out before let me remove my draw length and do this again okay so we can remove this indicat we don't need it on vix but when vix is low again you can see here when vix is trading around these prices let's say below 17 below this area the risk of it moving higher is a lot higher than if it were trading up here right if it's trading up here the risk of it moving higher you can see it's quite low so if it's up here we're probably going to go down if it's down here we're probably going to go up as option sellers we want vix to go down if vix goes down we make money faster and quicker if vix goes up we lose money okay okay and so when vix is higher we want to be in more positions because we have a better chance of making money when vix is lower we want to be in less positions so remember how I said the 30% rule no more than 30% of our account should be in trades if you really want to get rid of a lot of risk then change your sizing based on vix if vix is up here in the high 40s then use your whole 30% if this is down here the lowest we have the most risk make it 15% Okay so so that way you can actually size accordingly size properly so that if something happens you're not losing money on a ton of Trades just a few trades and then as the market goes up you can then get a better fill and then take advantage of it on the way down anyways that's how we adjust risk because if you want to do this for retire re retirement or you want to make this consistently then you need to understand risk and so Market crft risk and Vic's risk are the two biggest risk and these are two ways that I offset them that my team has has absolutely loved and has been doing for a while now so that's how we do that so let's go back to the slides because we covered the Whiteboard and the broker and the risk okay so now for a Char on top I want to show you how to automate this strategy right because if you're trying to do this for retirement not only do you want to generate monthly income on a consistent basis with very little risk which I just showed you you can go do by yourself you can literally take everything you've learned here and go do it but you probably want your time back to you probably don't want to be stuck to a chart analyzing where is vix where's the risk levels in the market what strike prices should should I bck be afraid of picking the wrong price or fat or fat fingering it so that you mess up the order instead if you want it done per perfectly every time then you can check out automation which is simple so again let's turn the put selling strategy into a bot so that we can generate passive hands-free income so Step One is we need to sign up for an automation software okay here are some of the most popular ones we have option Alpha which again allows for options automation but they do not allow for put selling see it has to turned into a put credit spread or something so it might not be the best there trade Steward they do options Automation and they do allow put selling which is awesome but they technically only support one broker right now they don't have great support and they don't offer paper training so if you wanted to test it out first you wouldn't be able to they also like I mentioned don't support Futures options so it'd be hard to get that great leverage now the options Auto Trader will Support options automation it will allow put selling it will allow it on stock options and Futures options so if you want to see that massive 9% return then you can do that on Futures options it has great support that responds in less than three hours it's a fourth over four different Brokers and it offers paper trading now you may be wondering why am I saying all this and this looks amazing yes I am biased I'm the one who built the op who built the options Auto Trader but still when you do a feature comparison and just see how our members are doing so well it's the no-brainer if you check out the option you check out the opt options Trader all right cool so once you've used or signed up for an options um automation software like the options Auto Trader then you need to connect your broker account okay so the options Auto Trader supports the most Brokers out of all these automation tools so we support swab tasty trade station and trade a so um again uh remember the broker profits that I showed you earlier in my broker I placed none of those trades they were all done through the Au Auto Trader which is awesome so if you're one of these Brokers you can plug them in and get started now step number three is now that we have the software now that we've connected our broker now we need to actually take the rules and build our first bot and so this is actually more simple than you might think okay you just take the rules that I gave you in this video and you plug them in and that's all that's done and after you plug them in you just sit back and you let your Bot generate month monthly income for you which you can see here one of my other accounts has already made me SE $7,500 so far this year which is pretty great so do you want to see a quick five minute demo so you can see how simple this is okay sweet so if we dive in here you can see here's one of my accounts what we'll do is we'll just plug in exactly what we just did so again we'll say create an auto trador which means we're creating our own bot again since we have all the rules for this bot we'll just click on create an auto trader so I'll click on this next I picked the strategy say put selling strategy which is also known as a naked put so naked put just a single put next my like I mention my favorite asset is es or or Mees for this example I'll do an es one because I can do Futures options on this platform remember I said I like my expiration to be 120 days out you can set this to whatever you want but I set mine to 120 and I set my Delta to 10 so I'm selling minus one means I'm selling a contract at the 10 Delta so just like that exactly as I go in the broker and do it I do this here perfect next I say how often do I want this bot to enter the trade that I just set up so like I mentioned these trades typically work best at once a week depending on your account size you see right here I can do once a week and set it up just like that now how do I want the trade to get managed like I said I do a 25% takeprofit I don't do a stop loss and I do 21 days early management so when there's 21 days left it'll close out the trade just like that plug in those details and it will manage it for me just like that moving on next it asking me how much money should the bot use and so like I mentioned for the average trade can take about $6,000 with ES so I put in $6,000 to ensure that at least one trade goes through now remember I said the biggest risk in this is the market crash risk and the volatility risk with just two simple buttons you can enable that risk or I should say mitigate that risk if we enable this vix base buying this fix Bas buying power or buying power for this bot will automatically change based on where vix is he's here if I enable this when vix is higher 40 plus will use the whole $6,000 when vix is lower which is I have more risk it use less money so it'll automatically size my positions based on the risk in the market so I no longer have to look at vix to understand that I can just enable this and help mitigate a lot of volatility risk now the market crashed a saf guard remember how I said hey we can use the Ballinger band to give us an indication when the market might pull back if I enable this it does exactly that it looks at the ball at the B at the Ballinger band and assesses is the market at a chance of crashing AKA is it outside of those ranges and if it is it'll start to offload your positions so you don't have risk at that time and so just like that two buttons you you enable and you're able to reduce a ton of risk just like that you can see here how the bot is set up it explains the rules for you you can save the auto trader and set it live just like that the bot will follow your rules place the trade in the broker manage the trade for you and do everything for you and give you updates along the way and so again that's the options auto trader and that's how cool it is or at least I think it's cool isn't the options Auto Trader awesome I hope you think how awesome it is now whether you're doing it for put selling or some other strategy and if so you can get started now with a 30-day TR test drive in the description down below or go to www.option.com getstarted now go to www.option.com get started now to do your 30-day test drive whether you do it or not it doesn't matter I given you all the rules all the tools that you need to do it yourself on this video so go implement it go make money see how this works and then if you want to use Auto automation you can anyways guys hope you enjoyed this video and I'll see you in the next one