Becoming an Option Wizard


5. Option Wizard knows how expiration affects probabilities and creates sale opportunities.

Option Wizard sees these opportunities increase as expiration draws near, from typical 50-50 to 75-25.

6. Option Wizard knows how to analyze special options opportunities, e.g. price repair. Facing a loss, Option Wizard knows: ‘don’t get mad, get even’ for almost $0.

For a stock that can rally, and your forecast is higher prices:

  • Buy one near call (e.g., at 20)
  • Sell two out-of-the money calls (25)
  • Near $0 outlay
  • If you reach second strike, you will be even, but further upside is capped.


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