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The Super Bear: A Bearish Trade You Get Paid to Put On
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Chapters9 segments · tap to seek
ticker lesson
Breakdown
0:00lesson
Super bear trade introduction
- Strategy explained as super bear
- Credit to Mike Butler for bringing strategy to attention
- SPX used mostly due to size
- Multi-leg strategies better than single-leg
- Stupid trade terminology explained
1:48lesson
Super bear trade structure
- Super bear involves selling call spread and buying put spread
- Trade done for credit
- Lighter risk than normal
- Risk exists in every trade
3:29lesson
SPX trade setup
- SPX used for large size
- Different expirations affect structure
- Two days out as example
- Strikes chosen around 7625 and 7750
5:37lesson
Super bear trade analysis
- Credit collected for trade
- Index needs to stay below 7760
- Put spread finishes in the money
- Max profit of $1,100
- Risk to upside if index breaches 7750
7:32lesson
Strike selection and risk
- Finding right strike is key
- Expected move of $62
- Risk of index not falling to 7615
- Avoiding too aggressive put spread
9:31lesson
Super bear trade adjustments
- Adjusting strikes for credit
- Max profit of $1,535
- Expected move near 7640
- Risk remains to the upside
11:18lesson
Super bear vs. super bull
- Super bull is flipped version of super bear
- Call spread bought, put spread sold
- Expected move differences
- Strikes adjusted for trade structure
13:20lesson
Super bear trade execution
- Credit collection varies with strikes
- Strikes chosen around 7640 and 7750
- Risk remains to the upside
- Trade structure depends on time to expiration
15:10lesson
Super bear trade conclusion
- Risk always to the upside
- Strikes chosen near expected move
- Max profit when index falls to downside
- Trade structure varies with time to expiration
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