Eric "Wolfman" Wilkinson's live on YouTube

Swing Trades Using Options

Pop and Drop: #6. The Long Straddle

The Long Straddle is a limited risk option strategy that profits when the Stock, ETF or Future makes a large move in either direction. The Long Straddle is a simple strategy to set up on paper but knowing when and where becomes the art of increasing the probabilities of success. The devil is in the details, especially when trading the Long Straddle because it is a lower probability options strategy but is there a way to increase the probabilities of success with the Long Straddle?

Join Eric "The Wolfman" Wilkinson, former Chicago Board of Trade floor trader and 25 year professional trader, as he explains how traders of the Long Straddle can increase the probabilities of success with this very basic option strategy. Not having a directional bias in the market (of any given underlying) but believing that market is due to make a rather large move is one of the keys to success with the Long Straddle but even more important to the success of this strategy is knowing what the right environment is when implementing the Long Straddle. Eric will show the correct way to trade the Long Straddle to reduce risk and exit this strategy to increase the success rate of the trader using this strategy.

About Eric "The Wolfman" Wilkinson

Eric Wilkinson is a veteran floor trader and has been trading financial futures, commodities, stocks, stock indices and options on a variety of products for over 25 years.

You may recognize Eric from CNBC and Fox Business News where he has done commentary.

http://www.protraderstrategies.com/about-us/252-2/eric-the-wolfman-wilkinson/

He has been sought out by several media outlets to debate against some of the brightest minds in the industry, where he debates on topics ranging from economics, geopolitics and market directions.

He is most notable for his comments in Rick Santelli’s “Rant Heard Around the World” where he was the first to use the phrase “moral hazard” in connection with the Feds actions surrounding the financial crises of 2008.

Mr. Wilkinson is a professional Trader and he is also an educator with ProTraderStrategies.com. He began his trading career while earning his Finance degree at Ball State University. After graduating, he moved to Chicago to work on the floor of the Chicago Board of Trade where he honed his skills as a trader.

If you are a new trader or have several years of experience and would like to be mentored by Mr. Wilkinson, you can join him for his online classes and webinars by going to ProTraderStrategies.com. He can also be found on twitter @wolfmansblog for his snarky comments.

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