Thank you for showing Options AI. I'd like to see you do more of these showing this innovative platform.
@wealthadventures
Жыл бұрын
Will do!
@Reza16888
Жыл бұрын
Hi Dave, Nice video. I like to see everything graphically. Good share! Thanks!
@wealthadventures
Жыл бұрын
Thanks!
@bigjj974
Жыл бұрын
thank you, a lot of new traders need this type of info.
@wealthadventures
Жыл бұрын
Thanks! Hope it helps.
@richardthorne2804
Жыл бұрын
That does look easy and nicely laid out 👍
@wealthadventures
Жыл бұрын
I think it will be a good way to illustrate trades and I like their approach.
@brucef1299
Жыл бұрын
Hi Dave. Looking forward to this.
@Zues64
Жыл бұрын
thanks for sharing Dave. I believe I saw there was a five dollar commission for each trade yes? At Schwab, I pay 65 cents a contract and $0 Commission. so I could trade up to seven contracts at Schwab and stay under the five dollar mark.
@wealthadventures
Жыл бұрын
Hi. Fidelity is the same. Where I run into trouble is with some defined risk trades. They usually involve more contracts. For example, I did an iron condor with Fidelity for 10 contracts per leg. It was 40 contracts in all which cost me $26.00. That is where I plan on using Options AI and the $5 meal plan.
@Zues64
Жыл бұрын
@@wealthadventures ahh… well that makes sense
@live4aliving
Жыл бұрын
wish we could talk on phone (or in person)I do 99% on phone so am limited. the phone app is very appealing,since I've learned spreads for over a yr but never placed one since need to be on computer. so it's yrs&yrs of covered calls ,selling puts&once &a blue buying a put.i really wish fidelity allowed mulit-leg trades via phone. do u find its worth it,rather then just using pro trader for free?(I believe you use fidelity as well?) but thx alot for the info&very glad to see the channel progressing. my woodworking channel is right around when I first started watching this channel! ✌️ big dawg!
@brucef1299
Жыл бұрын
Looks neat, but way over my head. I need to learn to walk before I sprint.
@wealthadventures
Жыл бұрын
Yes! Basics come first. No need to rush. Plenty of wealth is being built without options!
@torrensc
Жыл бұрын
When you showed the OptionsAI screen, it said fee was $5 per option trade. That seems a bit high?.?(After the first month free)
@wealthadventures
Жыл бұрын
Yes. One month free and $5 after. It is not a bad deal for spreads and condors since you tend to trade more contracts. For example, I did a 10 contract iron condor on Fidelity so it was 40 contracts in all. The fee was $26.00 vs $5. Now for single leg options on Fidelity, it would just be $0.65 so I still use them for those types of trades.
@tamidillon2502
Жыл бұрын
Yes, so using OptionAI could be a benefit for multi-leg “large” contract trades.
@JaeDaeDae
Жыл бұрын
Hope you are doing good!
@pradyu109
Жыл бұрын
I haven't used the paid version but I usually check Options AI for the earnings implied move and it seems to be more or less the cost of buying an ATM straddle. I'm not too sure there is any AI involved.
@Sylvan_dB
Жыл бұрын
I'm skeptical also of the "AI" aspect. All I see is math and extrapolations with a reasonably friendly interface. Also, if the AI gave them a significant advantage, why bother with selling their service instead of just raking in the cash from winning trades?
@wealthadventures
Жыл бұрын
There is no "ai" like we think about it today. They started the platform back in 2018 prior to the recent ai push. Calculations are based on option data.
@RaadYacu
Жыл бұрын
I missed where the AI was involved - Nice Graphics
@wealthadventures
Жыл бұрын
Hi. The brand was built back in 2018. Great name but with everything going on in the world of AI it may be confusing. I will be sure to mention that next time!
@freddurst4420
Жыл бұрын
you had me at "they got AI in the name, that's important" . LOL.
@wealthadventures
Жыл бұрын
They did have the name before the name became the name.
@tamidillon2502
Жыл бұрын
I love the visual on OptionsAI but I’m not wild about their $5 flat commission fee, for those of us that trade lower # of contracts.
@briangemmet3567
Жыл бұрын
Hey Dave, just applied for an Options AI account, I think it looks very interesting for doing the spreads
@wealthadventures
Жыл бұрын
Great! Let me know if you have any questions. Looking forward to hearing some other perspectives on it.
@briangemmet3567
Жыл бұрын
@@wealthadventures I was telling my gf about the spreads with defined risk : reward and she was like, “this sounds risky, at least when you sell puts and your wrong we buy the stock and you can climb back out of it, like twilio”, haha I was like “babe I just got lucky on that, we could’ve lost a lot of money”, so I got her to agree to allow me 5000$ in options AI, haha
@briangemmet3567
Жыл бұрын
Hey Dave question about the iron butterfly, way more reward to risk ratio but is it difficult to collect that? Like the stock has to remain flat?
@wealthadventures
Жыл бұрын
@@briangemmet3567 Hey. If you like short straddles you probably will like an iron butterfly. It does need to trade around your short strike price but you will want to exit early and you do have options such as... closing one spread or buying back the short options. I tend to always use an iron condor just like I use a strangle vs a straddle.
@briangemmet3567
Жыл бұрын
Ahhh so it’s like a short straddle with capping off the potential loss, so your just trying to capitalize on the IV + time money but if moves a bunch you’ll lose?
@sb-nk2ns
2 ай бұрын
hi Dave, is there a minimum amount required to open account, and do you need margin account for option spreads? thanks!
@wealthadventures
2 ай бұрын
I believe they have a 5K minimum but spreads should be available without margin. I like the product but no longer use it myself. I think if they add more functionality it could be great.
@sb-nk2ns
2 ай бұрын
@@wealthadventures thanks
@Steve-dc9uz
7 ай бұрын
I haven't seen you use this platoform since this video. Why is that since you said you liked it so well?
@wealthadventures
7 ай бұрын
Hi. I do like the platform and think it has great potential. It could be a great teaching tool. However, after using it more it still needs additional functionality so I have pushed it aside for the moment.
@wealthadventures
7 ай бұрын
Are you using it?
@stevedavis6500
7 ай бұрын
what functionality would you need to start to actually trade spreads with it?@@wealthadventures
@blp9724
Жыл бұрын
Excellent visual describing dynamics of a spread! What is cost per trade?
@wealthadventures
Жыл бұрын
Thanks! Free for the first month and $5 after. Where you can save is with complicated trades that have many legs such as a condor - Still $5 total.
@Nuckandtuck
Жыл бұрын
Wouldn’t your probability percent tell you the same thing?
@wealthadventures
Жыл бұрын
Hi. Their graphs can all be calculated using options data. I like the way the present the information. From a learning/teaching perspective, I think it will help people get up to speed.
@masoncnc
Жыл бұрын
Headphone users beware a lot of whispering and yelling.
@fishphage2762
Жыл бұрын
Where is the AI part?
@wealthadventures
Жыл бұрын
It was developed as "Options AI" before AI became... AI.
@robbywc
6 ай бұрын
I have two questions. 1. what's the minimal account size allowed? 2. does it support weekly option tradings? Thx.
@wealthadventures
6 ай бұрын
Hi. I think minimum is 5K but would have to verify that. Weekly options are available. There are limits with this platform but I do like some of the teaching points.
@robbywc
6 ай бұрын
@@wealthadventures Thanks for your response. Unfortunately my application has been denied. Thanks.
@Domokoosh40
Жыл бұрын
It looks good. Have you ever tried/reviewed Robin Hood or TastyTrades as a comparison to Options AI?
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