Bear Market Options Trading with Kirk du Plessis

<p>After two months of huge declines, the market has seen some slight rallies in the last few weeks. Not enough that we would say we’re out of the woods, but enough to offer some hope for freaked out traders everywhere.</p><p>On this week’s episode of Limit Up! Jack and Dan spoke to Kirk du Plessis of Option Alpha to find out how it’s going for options trading. Kirk has noticed that the current volatility is attracting passive investors lured in by the bullish trap. But it’s important to remember that no one, not even Warren Buffet, is immune to big losses. He shares his tips for making trades while staying protected during a prolonged period of uncertainty.</p><ul><li>[00:53] - This week: Kirk Du Plessis</li><li>[01:21] - Market Reaction</li><li>[10:15] - Interview with Kirk Du Plessis</li><li>[11:44] - How Kirk got into finance</li><li>[14:49] - Directional bias</li><li>[16:30] - Delta neutral</li><li>[20:22] - Volatility expectations</li><li>[24:23] - What backtesting is meant to be</li><li>[27:56] - Option Alpha</li><li>[32:56] - CQG</li><li>[36:14] - Uptick in retail option trading</li><li>[37:17] - Determining risk</li><li>[48:14] - Election night</li><li>[51:32] - The new normal</li></ul><br/><p><a href="https://www.linkedin.com/in/kirkduplessis/" rel="noopener noreferrer" target="_blank">Kirk du Plessis</a> is the founder of<a href="https://optionalpha.com/" rel="noopener noreferrer" target="_blank"> Option Alpha</a>, an online education and coaching platform for investors interested in learning more about the financial markets and derivative options. Option Alpha provides focused training covering options strategies, risk management, trading psychology, option pricing and portfolio allocation. Check out Option Alpha’s resources.</p><p>Limit Up! is a podcast for traders of all levels brought to you by <a href="https://www.topsteptrader.com/" rel="noopener noreferrer" target="_blank">TopstepTrader</a>. Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned vetera