Home › Articles

ETFap Articles: Options and ETF Trading, the Advantage-Play Way

Plain-English articles from a professional advantage player and full-time options trader: how to measure the edge, keep costs low and size every trade so no single loss can knock you out.

The Slingshot Trade: How I Use a Ratio Risk Reversal to Sell Puts and Buy Calls

By Charlie Nguyen ·

What a risk reversal is, what makes it a ratio risk reversal, why I call it the Slingshot Trade, a SPY example priced from real quotes with POP, POT and P50, and how to size it so it can’t blow you up.

Why I Trade SPX, SPY, QQQ and IBIT Options: An Advantage Player on Liquidity and Fills

By Charlie Nguyen ·

Why the bid-ask spread is the trader’s house edge, why SPX belongs next to SPY, and the Cboe data on which options are cheapest to trade.

Written by Charlie Nguyen, a professional casino advantage player and full-time options trader.

More articles are on the way. Tools: Options trade ideasPOP vs POT vs P50Buy the Dip appAll tools

Education only, not financial advice. This site is not affiliated with any fund issuer. Coins-per-share figures come from issuer websites and can be delayed or wrong, so check the issuer’s page before you rely on a number. Crypto is very volatile and you can lose money.