You're listening to the Option Alpha Podcast from Option Alpha.com where we show you how to make

smarter trades learn how the stock market really works and generate consistent monthly

income. Now your host and head trader at

option alpha.com Kirk depluses.

Hey everyone this Kirk here again from option alpha working every single week to make this the most popular investing podcast offered online and in iTunes because it's based on one thing and one thing only and that's helping you guys make smarter trades. So again, thank you so much for

tuning into today on today's episode. We are going to go through a little bit of a case study in our

assigned option contracts in the gold E.Techer symbol GLD.

And this is a really fascinating case study because what you're going to see today as we kind of walk

through this is the entire history not only of the

trade that basically took us four months to turn back around but it also touches on a

lot of topics that we often hear about including things like adjusting iron condors, defending iron

condors, what happens when you get assigned, making the decision to hold stock long or not, and

then the use of covered calls if you do end up deciding to hold

contracts long as you keep moving forward with a position and what you'll see

here today is a couple things which I think are really interesting one being

that our analysis and what GLD was going to do was totally wrong so from the

beginning of the trade our analysis and I'll read some of these trade

commentaries as we kind of keep going through this and like what I had said and what I had sent out to members during this whole process but I found it funny that when I look back on this my commentary was completely backwards and GLD did not do anything I thought it was going to do at all.

Which again just proves to me that we don't know where the market's going to go or how far or how fast it's going to move.

But even still, if you're in a situation where you're dead wrong in your analysis,

if you use, I believe what we think are the best techniques and the best practices for options trading,

then you should find yourself on the winning side of it more often than not.

...