How I Turned $600 Into $7,000 With OPTIONS - Ghetto Standard Deviation

The stock Market is GOING CRAZY and there is a new options strategy to help you grow a small or large account. I give a quick market recap on the day but use the time to discuss an option strategy that has helped me make some big plays and prevent myself from losing too much money. This has worked all of last year and even to start this year, we have seen a lot of success. The general idea is finding out what the market maker is pricing in and then determining if something outside that expectation is cheap. I give a step by step guide on how to find these option trades and when to use them. This isn't an exact strategy that will work every time but for the savvy trader, you can use this to quickly understand what is expected or not and how to profit off of unexpected big moves in the stock market without risking too much money!
THIS IS NOT A RECOMMENDATION OR FINACNIAL ADVICE I AM NOT A LICENSED FINANCIAL ADVISOR
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DISCLAIMER: These videos are for educational purposes only. Nothing in this video should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial advisor before making any financial decisions.

[@alaskanassassin7332]

Being cash only on my options account makes me miss the ghetto spread and spreads in general. Love you all Chadadonia

[@richardjudge2322]

Blessings to you.

[@sdub4mayor]

Josh coming with straight heat 🔥to start the new year 👏

[@richardjudge2322]

Risk Management is a must in trading.

[@richardjudge2322]

Have Hope, Believe and Pray Chad. God loves you no matter. God Bless You Josh and God Bless Chad ❤

[@erikherrlich934]

Thank you Josh, love when you do these little learning sesions!

[@vnasty5581]

Saved this video, it’s full of incredible knowledge thank you!!!!!!

[@SonsOfAveraging]

Day 105 of consistency, LET’S GOOOOOOO!

[@prodjuicebeats]

Shoutout the stream alerts baby... got these plays without ever being on stream. Love the new 'ghetto standard deviation'

[@Godspeedysick]

Thank you Josh. Let’s run it up!!!

[@williedearborne389]

I'm learning

[@prewittkenneth007]

Timmy has got army guns....

[@haideralzerj]

LFG baby finger to the sky babyyyyy

[@petem4089]

Great content

[@openfacesandwich685]

Love u Chad

[@user-vp8sd4qd1x]

LEMME GET THAT PHILOOOO BABYYYY! Much love!

[@bobbycoach8880]

Love thy chad! I’m glad you are back big dawg!!!!! You helped me turn my life around and I appreciate you!!!!

[@Rollingreef802]

Send in the jetsssss

[@timwhitman]

TTF REAL ESTATE LOVES YOU!

[@dankingsleyyyy]

Thank you Josh

[@Ganzieddongs]

Lets goo

[@mack10blue]

Thanks Josh for the breakdown and God bless the chad, Horn!!!

[@Johnnie_Stallings]

Let's do this chad!!!!!

[@RoyalPalmz]

Habibi great vid...thank you!!!

[@Alexmechanic559]

Thank you so much Josh! Love you brother!

[@LostOnTheNarrow]

great instructional video! much apprecaited!

[@joelnunez8825]

Thank you Josh!!!

[@Stratted843]

I appreciate this video so much

[@mandoughbeats]

Good stuff brotha

[@mondibkx4449]

perfect Joshhhh... thx....

[@Eagleeyekiller]

God Bless the Cult

[@aBigGreyBeard]

Thank you sir!

[@adrianzodd2]

I learned this through trial and error without math

[@a_anonymous_m]

👍👍👍

[@StatsAndStacks]

So once the earnings are out, you just sell the value of the spread when they are ideally ip? Or do you sell the cheaper contract and hold the one that’s increasing in value for more gain?

[@jaytegaming3877]

nice ty!

[@peace4263]

Can you do this on spy?

[@Thetradingfraternity]

Yes for events like the CPI, Non Farms an other “risk events”. Even without events it still gives you info but you’ll notice the weeks of events the pricing is usually higher

[@BeesFitness]

Love it

[@serendipity1328]

Josh, in the entire video, you didn't mention which option strategy you used? Cash secured put or just plain buy call or buy put or what exactly? Can you please clarify for JPM example?

[@Thetradingfraternity]

Just buying outright. So after doing the calculation/ strategy for determining what’s priced in I bought both a call an a put on JPM because they weren’t “overpriced”.

[@hailstone_]

☝️❤️

[@richardjudge2322]

🙏🏾❤

[@idk1andidc]

Wow man I think I love you

[@Jano_Alvis]

Real ones been knowing the ghetto spread

[@dylanmelle6173]

How far in advanced would we shop for the option? For example if earnings are Feb 2nd should we be shopping for the Feb 9ths now or wait closer to the time of the event

[@Thetradingfraternity]

I prefer closer to the event/earnings as the pricing is more set. Something can be priced in but if a big move happens it can change things pretty quick, that’s what happened with the JPM today

[@dylanmelle6173]

@@Thetradingfraternity that’s what thought, was looking at some chip plays but most earning aren’t till end of month so I figured it wouldn’t be priced in yet. Appreciate the support

[@nrg_fre]

refresher thx

[@jdiddy2314]

Josh, for the 5Jan24 you said to take the difference (-) from the strike we are using and the current price and then subtract that from the total ATM call and put strike asks$ for the rough std dev but then for the 12Jan24 you say add everything??? So I am confused if I do the math for both methods for 12Jan24 @ 170, using the subtraction method would be $3.30+$2.67=$5.97 -> $5.97-(difference of strike and current mark) --> $5.97-$1.33=$4.64 then x2 = $9.28 vs the sum method $12 you mentioned??? Would choosing options less than 2 std devs or the $9 spread would be safer than the $12??? Which method would work best?

[@serendipity1328]

I don't understand either. What option strategy is used is not mentioned in the entire video? Is it bull spread, bear spread, cash secured put or what exactly??

[@Thetradingfraternity]

I’ll check again in the morning since things will move but I would go with the 5.97 or $6 to make it easier. I think because the strikes are 2.50 apart an one is in the money it makes it harder to read an as a back up, the TOD + or - is closer to that number. If you watch the stream lmk tomorrow an we can go over it live!

[@jdiddy2314]

I will be there, I appreciate it!@@Thetradingfraternity

[@boatdrinks1]

I gained some brain cells on this one

[@Steven-vh6fg]

Little to much for mine I watch later 😂

[@dannychiquitoofficial5061]

What about Delta? when you pick an OTM strike far away from the ATM the Delta is super low, isn't it?

[@Thetradingfraternity]

The delta will be low, but it doesn’t change what the market makers/algos are pricing in.

[@129543a]

Would this work on spy and qqq when fed events are happening?

[@soonchyetan2524]

Buy put & sell call at the same time 🤔

[@greenlifegardenhomediy3414]

💚

[@StatsAndStacks]

So we are selling to open one and bhging to open the other?

[@midwestfinestrealty622]

10:28 Why not use the 172.5 strikes to add for the in the put? Or do you use the same strike for both call and put to determine 1 SD?

[@Thetradingfraternity]

Prefer using the same strike but you can go with either or an it should produce a similar number. That’s usually why there’s a difference between the TOD an eyeballing it. Also the stock moves intraday so you’ll get different numbers depending on when you’re looking at the chain

[@midwestfinestrealty622]

@@Thetradingfraternity oh ok thank you 🙏🏿

[@bhailax]

first !

[@anthonyzoph]

💪🙏

[@picklepicker258]

420😂

[@christopherleroy5447]

HORN !!!

[@TheJoeMoneyShow]

Options are to much bs!!!!

[@GAME-808]

🫡

[@dirtybird3974]

Appreciate you more than I can express brotha! 🗣️

[@damroyalty]

🤍🤍