Thread by @trendrooster

Diversifying is key to long lasting profitable business and it also smoother your draw-down curve.

If you are Option Trade:
1. Vol crush Option Trade
2. Directional Option trade
3. Option Profile Trade (Income Trade)

1/n

1. Vol Crush option trade
(i) Trade is based in IVP / IV rank
(ii) Earnings Trade
(iii) Event trade (Election...)

2/n

2. Directional Option Trade
(i) Breakout Option Trade (Bull call spread, Bear put spread, Directional Butterfly)
(ii) Trend Trading (Vanilla Option Call / Put, Bull call spread, Bear put spread, Directional Butterfly)
(iii) Trend trading with selling (selling opposite side)
3/n

3. Intra-day Delta Neutral trade

(i) Short Strangle
(ii) Short Straddle

4. Expiry income trade

(i) Directional Expiry trade
(ii) Non-directional expiry trade

5/n

5. Option Profile Trade

(i) Weekly Income Trade
(ii) Monthly Income Trade
(iii) Yearly Income Trade

It is up to the trader to master in any of the above option trading style.
6/6