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 is Kirk here again from option alpha.com, working every single week to make this the most popular

investing podcast offered online because it's based on one thing and one thing only and that's

helping you make smarter trades.

So thanks so much again for tuning in today. We've got a

really cool podcast episode. I don't even know how long this is going to take to kind of go through

because what we're basically going to do here is go through a short strangle case study in EWZ.

And this is basically start to finish the adjustments that we made in EWZ over a five month period that we ended up holding this position that slashed our

loss by 87 percent. Basically took a trade that at one point was losing about $2,500 and cut the loss down to just $330.

And I think it's a really cool case study because it just kind of proves the concept that we've been talking

about a lot here on Option Alpha over the last year and a half a lot of different

concepts that we're going to talk about here in the show so definitely might be a

little bit longer episode but I

really really encourage you to listen the entire way through because you're gonna

gain a lot out of this episode hopefully in adjusting trades and I know that that's a

big topic a big hot button that everyone likes to talk about.

Now obviously it's going to be really hard to do a lot of this via audio so I'm going

do my best in going through this on the podcast here today but if you want to see a video version of today's show,

where we actually go through our account statements and show you each individual trade,

the timing, the dates, everything, so you can see everything.

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