092: Strategies for Option Trading with Kirk Du Plessis

Kirk Du Plessis is a full-time options trader, real estate investor, stay-at-home Dad. In addition, he is also a trading coach. In this episode, he will discuss strategies for option trading. His background and experience include time on Wall Street as an investment banker, a senior stock analyst, and a senior loan officer. He is the Founder and Head Trader at Option Alpha, It is an online education and training platform for options traders. They cater to students from 42 different countries around the world.

Aside from online education, Option Alpha is also a coaching platform for investors. They help them learn more about the financial markets and derivative options. Besides, they provide focused training covering options strategies, risk management, trading psychology, option pricing, and portfolio allocation.

Due to Kirk’s commitment, Option Alpha has become one of the industry’s leading options education website. They have more than 30,000 daily readers. He is responsible for everything. From maintaining the business model, revenue strategies, marketing, strategic partnerships with brokers, writing, design, and website development. It’s truly been a passionate entrepreneurial journey.

(00:01-01:50) Opening Segment

– Introduction of the guest, Kirk Du Plessis into the show
– Kirk shares his bio and something people don’t know about him.

(01:51-8:10) The Journey to Option Trading

– Kirk explains how he compares option trading and real estate investing
– Kirk also specified the real estate asset types he and his wife do.
– How did Option Alpha start?
– How Option Alpha went from Journal Blogs to Software Research-based company

(08:11-35:17) Option Trading Market and Strategies for Option Trading

– What is Stock Options?
– Option trading is synonymous to “Wholesaling Contract”
– Different ways investors can make money in option trading
– Beautiful things about option trading
– Components of trading options
– Thought process and strategies for option trading
– What to look for in option trading
– Kirk shares how he trade earnings
– What to look at Auction Strategy?
– “Do not have asymmetric risk”
– Uncorrelated risk is better
– How to manage options?
– The gold standard for option traders
– Trading platform that Kirk uses
– Kirk’s advice for beginner option trader/investor
– Gotchas and pitfalls of option trading
– The success story of option trading
– How COVID affected Kirk’s business
– Kirk’s recommendation about the stock market in the near future

(35:17-35:36) BREAK

(35:37-35:55) Second Segment

– Welcoming listeners back and re-introducing podcast guest, Kirk

(35:56-39:52) Fire Round

– Will Kirk change his business strategy after Coronavirus?
– Favorite real estate finance or and personal development related book?
– Website or tools that Kirk recommends
– How does Kirk give back?
– How can Wealth Matters Podcast listeners reach out to Kirk?

(39:53-40:09) Closing Segment

Reach out to Kirk by visiting his website Option Alpha.

If you want to learn more about the discussion, you can watch the podcast on Wealth Matter’s YouTube channel. You can also contact Alpesh here.