Finding a High Profit or High Probability Trade
Trade
Type.
You are
now in the Type of Trade field.
In this field, you need to select the type of trade you want to implement. There
are two types of option trades. Trades
with high profit potential and trades with a high probability of profit.
The two are mutually exclusive. [I wish you could find trades with a 90%
probability of profit and triple digit profit potential, but those don't exist
in the real world.]
If
you choose HIGH PROFIT TRADES, a table will appear on the left side of the
screen that lists the three types of non-directional high profit trades.
Simply click on and highlight the strategy or multiple strategies that
best suit your taste for risk and reward. Then click the SEARCH FOR TRADES button.
By the way, I prefer Straddles.
If
you choose HIGH PROBABILITY TRADES, the table will list limited risk option
trades that have a high probability of profit.
All of these trades have a slight directional bias-either up or down.
Select the one more strategies that best suit your own personal tastes by
clicking and highlighting the strategy or strategies.
Then click the SEARCH FOR TRADES button. I
prefer credit spreads.
ODDS
Online does not limit you to these types of trades! It will find the best trade of any type that you can imagine.
If you want to see all of the types of trades that ODDS Online can find
and evaluate for you, simply click on ALL OPTION TRADES.
You'll see a long list of option strategies that you can choose from.
Once you select a strategy and then search for a trade, TRADE SEARCH RESULTS is
the text that is displayed in the field and the context sensitive help is
updated with new instructions.