Steve Nison – Candlestick Secrets for Profiting in Options
Candlestick Framework
Review of all the essentials you need to know about candlesticks so you are up to speed when Steve refers to them in the option strategy sections.
Product Description
Steve Nison – Candlestick Secrets for Profiting in Options[10 mp4, 31 pdf]
Candlestick Framework
Review of all the essentials you need to know about candlesticks so you are up to speed when Steve refers to them in the option strategy sections. In this module, the focus is the power of single candlestick lines.
Why Nison candlesticks and options are the perfect fit
The Trading Triad™
Doji essentials
Candles to set protective stops
The Hammer
The Shooting Star
The High Wave Candlestick
The Bullish Engulfing Pattern
The Bearish Engulfing Pattern
Rising and falling windows
Change of polarity
Snap and crack
Falling off the roof
Adapting to new market conditions
Chart challenges
Options Framework
If you are brand new to options this will get you quickly up to speed on the essentials. If you are an experienced option trader it is a great review and. PLUS, experienced options traders will pick up new approaches or ideas in this section.
The benefits of options
Review of option essentials
Buying In, At and Out of the Money Strikes
Implied Volatility
Out of the Money and In The Money – Pros/Cons of each
Time value decay
Advantages and disadvantages of short term expirations
Advantages and disadvantages of longer term expirations
The Greeks
Bull spread – definitions, best strikes, when to use, cautions
Bear spreads – definitions, best strikes, when to use, cautions
When to buy options outright instead of spreads
Methods to gauge confidence levels
Long outright option strategies for when you have high confidence
Long outright option strategies for when you have lower confidence
Finding the High Probability Option Strategies Using Nison Candlestick Strategies
Building on what you learned in the prior sessions, Steve now delves into specific option trading strategies using Nison candlesticks.
Importance of trend compared to implied volatility
Volatility skew
When to enter, exit and the best strike price to use for long calls
When to enter, exit and the best strike prices to use for long puts
When to enter, exit and best strike prices to use for bull debit spreads
When to enter, exit and best strike prices to use for bull credit spreads
When to enter, exit and best strike prices to use for bear debit spreads
When to enter, exit and best strike prices to use for bear credit spreads
Discover by using the Nison candlestick insights when to do an outright and when to do a spread
Advantages and cautions of bull debit and credit spreads
Advantages and cautions of bear debit and credit spreads
Using the brand new “Nison Candlestick Confidence Filtering Strategy ” to set up the perfect option trades
Secrets of Nison candlesticks for market direction and timing option trades
Using the Trading Triad Success System™ to help overcome option trading challenges
Why bearish candle signals must be traded differently in option markets
Nison Candlesticks for day trading options
Nison candlesticks for portfolio protection
When to use protective puts instead of covered calls
Nison candlestick timing strategies for covered calls
Nison candlestick timing strategies for protective puts
Using “Nison Candlestick Confirmation” for portfolio protection strategies
How to let your portfolio profits increase by knowing exactly when to exit a covered call or protective put
Chart Challenges and “Read Steve’s Mind”
SPECIAL BONUS SESSION: Using the Nison Candle Scanner software to quickly find a watch list of markets… plus our secret “Bouncing Ball” trading strategy
Merging Nison Candlesticks and Western indicators for High Success Option Strategies
Steve will reveal exactly how merging Nison candlesticks with Western indicators will be your one-two punch for option success.
Using the 4 New Nison Candlestick Confirmation Option Strategies™ for:
Long calls
Bull call spreads
Bull put spreads
Long puts
Bear put spreads
Bear call spreads
The one time you must use a credit spread instead of debit spread
The two simple questions you need to ask before you do any option trade
Improving success by setting up trades in the direction of major trend
Price target strategies for:
Long calls
Bull debit spreads
Bull credit spreads
Long puts
Bear debit spreads
Bear credit spreads
Option strategies using box ranges and Nison candlesticks
Option strategies using Bollinger Bands and Nison Candlesticks
The secret Nison Symmetry™ Strategy to forecast BOTH time and target
Option strategies using The Change of Polarity technique
Option strategies using The Falling Off the Roof technique
Option strategies using breakouts
Chart Challenges and “Read Steve’s Mind”
Trade Management Option Strategies for Improved Market Timing and Decreased Risk
A Japanese proverb states, “His potential is that of the fully drawn bow–his timing the release of the trigger” A correct understanding of Trade Management will tell you when, and when not to pull the trigger on an options trade:
Using Risk/Reward analysis to determine the correct option strategy
How options let you be more flexible with protective stops to help avoid being stopped out and then having the market go in your direction
Monitoring and adjusting open option positions
Using the “Market Chameleon” strategy to know when to leg into a bull spread
Using the “Market Chameleon” strategy to know when to leg into a bear spread
Rolling up on long calls to let profits ride during rallies
Rolling down on long puts to let profits ride during selloffs
Legging into bull and bear spreads to lock in profits
Low cost way to reverse positions by legging out of spreads
Using protective stops to protect trading capital
Using time stops to protect trading capital
Using the “Crack and Snap” strategy to leg out of a bull spread
Using the “Crack and Snap” strategy to leg out of a bear spread
Using Nison candlesticks to know when to exit open option trades
Chart Challenges and “Read Steve’s Mind”
