August 9, 2018 Meeting Announcement

Silicon Valley Options Group (SVOG) https://www.svog.org

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SVOG Meeting Announcement

DATE/TIME: Thursday, August 9, 2018 -- 6:00 PM to 9:00 PM
LOCATION: Elks Lodge Sunnyvale: 375 North Pastoria Avenue, Sunnyvale, CA
Directions & Map: http://tinyurl.com/ElksLodgeSunnyvale

Don’t forget ... Hot dogs and Sandwiches!! Avail 6:00pm to 7:30pm
(Profits from these sales benefit BPOE charity projects. -- about $3.50 to $4.50 ea.)

THIS MONTH'S SVOG MEETING TOPIC:

Let's Go Naked -- Selling Naked Puts -- Bart Wical

One of the simplest strategies most traders do after they learned cover calls is selling puts. Selling a naked put is synthetically identical to a covered call and can be used to generate income or help you purchase stock you want at a lower cost. But there is a dark side to selling naked puts (as with any strategy). Having a plan to maximize returns while lowering risk and capital requirements are key.

Bart will show how he successfully trades naked puts while managing the risk. Come hear how a real trader is successful - how he plans the trade, protect the downside risks, decides on what trades to enter and where, and his mindset. Bart will be using tos to review some past and live trades that he has on to give you a real feel for trading naked puts with downside protection and what kind of returns he has experienced.

Come spend some time learning from a real trader. It should be a great, practical evening that will provide you with insights and real ways that you can add trading naked puts to your options strategies.

 

About Our Speaker: 

Bart Wical is an active options trader trading between 50 to 500 options contracts per week. For this year alone, he has made over 2500 trades. Bart is mainly an options premium seller of puts. Besides naked and hedged short puts, he also trades complex options strategies such as Broken Wing Butterflies and Condors, and is the creator of the CondorBot. Leveraging his engineering background, Bart does a lot of backtesting and runs a backtesting Skype group. He is able to accomplish all this while working full-time and being involved with a private equity fund.

SVOG Agenda:

  • 6:00 PM to 6:15 PM Introductions and Set-up: This is a good time to connect with other fellow options traders and exchange ideas informally.
  • 6:15 PM to 6:30 PM SVOG Intro and Announcements
  • 6:30 PM to 7:30 PM Let's Go Naked -- Selling Naked Puts
  • 7:30 PM to 7:45 PM Break
  • 7:45 PM to 8:45 PM Let's Go Naked -- Selling Naked Puts
  • 8:45 PM to 9:00 PM Meeting Close

SVOG requests a voluntary contribution of $10.00 to defray operational costs

Reminder Future Meetings 2nd Thursday of the Month:

  • September 13, 2018 - Dennis Wilborn
  • October 11, 2018 - Dan Sheridan
  • November 8, 2018 - TBD
  • December 13, 2018 - TBD (Year-end Treats)

We are working on identifying future speakers and topics of interest ... your suggestions are welcomed.

Notice to Attendees: SVOG DOES NOT provide trading advice nor does it recommend specific products. Information shared is educational and the opinion of the presenter(s). The suitability or application of information provided or discussed is the sole responsibility of the attendee.