Option Trading: Probability of Profit & How to Calculate for Different Strategies...

Probability of Profit gives us a mathematical way of estimating what the likelihood is of a trade or strategy in our portfolio generating a profit. Tom Sosnoff, Tony Battista, and Al Sherbin discuss "Best Practices" to investing every Monday at 9am CT. Here the walk through multiple basic strategies and explain how to calculate the Probability of Profit for each. Want more? Check out our vast archives at https://www.tastytrade.com/tt/shows/bp

Comments

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2. So can anyone tell me if dough does this math calculation for you? Does it calculate the entire multi legged trade for you?
3. Come on guys, probability of profit is only 1/4 of the equation.  Another 1/4 is the magnitude of the profit.  Another 1/4 is the probability of loss (just the inverse of the probability of the profit so we know that) and the last 1/4 of the equation is the magnitude of the loss. 
   
   I'm watching video after video and I'm not seeing one yet where you put it all together to come up with anything more than a zero sum game.
4. do these guys only sell premium?
5. What is TOS?
6. On expiration, what will happen if you are in profit, and forget to close or roll-over?
7. Tom when you exit a option, trade do you receive the bid or ask price ,or neither. And is it customary for the broker to compel the trader to use a limit order during market hours to exit.
8. I am. Do a google search on my name and you will find me! Drop me a line!
9. You aren't with tastytrade anymore? are you doing your own thing now? just curious. I love hearing your insight
10. I did leave tastytrade. On my own now. And, by the way, best position sizing book I know is by Van Tharp entitled "Definitive Guide to Position Sizing". More applicable to technical analysis systems but conceptually excellent!
11. Al, Ralph Vince is a money management (position sizing) guru; he's written 3 or 4 books and was instrumental in Larry Williams making over $1M in a year. I don't believe you ripped him off. BTW, why did you leave TastyTrade? Enquiring minds need to know.
12. I can't even tell you how helpful this was....thanks!