Best Practices

Weekdays 8:00 – 8:20a CT

Morning Trade Preparation

Best Practices

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

Tom discusses how he prepares each morning.

Steps include:

  • 4:00 a.m. Quick review. Primary focus: stocks indexes, currencies, bonds and oil. Secondary focus: softs, pairs trades, Bitcoin and volatility

  • 4:30 a.m. Close out winners or add a few new trades if possible

  • 5:00 a.m. Quick scan through my stock watchlist (40+ names)

  • 7:00 a.m. and 8:30 a.m. Quick position review. Delta at 7:00 a.m. and P/L at 8:40 a.m.

Bat, Vonetta and the rest of the Research Department give their morning schedules as well.