Hey everyone,
There were a lot of great pieces of knowledge from the live session last night, but one that stood out to me the most was when Steve talked about how he thinks about time. Most options traders go out 30, 60, 90 days and pay for time they do not need. Steve's whole framework is built around the opposite.
If he thinks a move is happening in the next week, he buys next week's expiration. Nothing more. That capital efficiency is what allows the returns to be what they are — you are spending a fraction of what a traditional options trade would cost, and when the move happens on schedule, the leverage works in your favor in a dramatic way.
He called it not paying for more time than you need. Simple idea. Most people never think about it that way.
The trades he walked through — Coinbase, Exxon, Bank of America puts, Microstrategy — all followed that same logic. Get in at the right moment, take profits fast, move on.
If you have been curious about Wave Trader, this is the clearest look you'll get at it.
Watch the replay here.
