![]() Option Alpha is ideal for all levels from beginners to advanced options traders. This is the best way to learn the methods and analysis. There are no short-cuts and members are responsible for their own executions. This really forces members to plan out and execute their own trades and not rely on piggybacking off Du Plessis. While there is no chat room for the service, ELITE and PRO members have access to alerts and real-time posts of the trades that are executed. It includes all the LITE features plus options back-testing, unlimited strategy back-tests and real-time trade optimization. The Toolbox PLUS costs a one-time $497 fee for lifetime access. It enables access and software updates, watch list scanning and filtering and live weekly earnings calendar. The Toolbox LITE costs a one-time $47 fee for lifetime access. The Toolbox enables scanning, back-testing and optimization of trades based on the lifetime license package. Option Alpha offers their proprietary software Toolbox as an ADD-ON service that can analyze an options trade in “less than 18-seconds…”. Du Plessis operates a weekly podcast that members and users can register for the live session. Their YouTube channel also contains lessons, testimonials and free podcasts to sample with new videos uploaded every few days to over 97,000 subscribers. I was very impressed by the depth and volume of content provided which is equivalent to courses charged by other sites for thousands. Topics range from options basics to setting up iron condors and multi-leg spreads. The training material is very comprehensive and split up into modules and course levels from beginner to intermediate and advanced. Option Alpha offers comprehensive trading courses for free and with registration and membership (similar to Motley Fool Options). Long-term investors can also utilize the methods to generate income from existing stock positions as well as hedge portfolios with various index option strategies. Timeframes: Most set-ups are at least overnight to several weeks to months, especially the multi-leg spread trades. Primarily, he scans for stocks with excessively high IV to structure premium generation strategies around key price levels. Based on the macro analysis, Du Plessis likes to devise spread strategies to capture premiums and or directional gains. Set-Ups: Underlying equity breakouts and breakdowns triggered by technical and fundamental catalysts are the types of set-ups. Du Plessis also focuses on very liquid options usually on benchmark indices, liquid ETFs and very liquid widely held S&P 500 stocks. He also likes to place volatility-based trades on impending catalysts with straddles. Strategies: Du Plessis favors income generation strategies that incorporate selling implied volatility (IV) premium through debit and credit spreads ranging from single to multiple leg strategies from calendar spreads to butterflies and iron condors. He notes that the odds of going bankrupt on 5% in each trade is 1-in-3.49 billion. The more trades you place, the more the probabilities will work themselves out over time risking just 2-to-5-percent of max risk per trade. Traders need to let those probabilities play out by putting on as many higher probability trades as possible. He believes that financial market price movements are completely random but fall in line with probabilities. Styles of Tradingĭu Plessis primarily swing trades options contracts using various spread strategies to collect premiums. ![]() The site boasts a win rate north of 70-percent and appears to be very transparent about the trades. He is the main course instructor and regularly posts his options trades with the community of over 47,435 traders. Plessis is a now full-time trader and consultant to hedge funds specializing in options strategies. ![]() ![]() The site is operated by former Deutsche Bank investment banker and BB&T Capital Markets REIT analyst Kirk Du Plessis. is an online options trading education service. ![]()
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