This episode explores the journey of Azar, a pain physician, also known as "Doc," who became a successful options trader, balancing a full-time medical career with high-stakes trading. Against the backdrop of volatile markets, Doc shares his preference for selling premium, particularly call spreads, while maintaining a significant cash reserve. More significantly, the discussion reveals Doc's trading strategies, involving over a hundred different underlyings, with a leaning towards naked positions and a substantial capital commitment. The conversation pivots to Doc's initial trading experiences, marked by early success followed by a major setback due to oversized positions and inadequate risk management. Undeterred, Doc doubled down, refined his strategies, and achieved impressive returns, including a 40% annual gain in both 2023 and 2024, primarily through zero-day-to-expiration (0DTE) trades on the SPX. Emerging industry patterns reflected in Doc's story include the potential for significant income augmentation through options trading, even with smaller accounts, and the importance of disciplined risk management.
Sign in to continue reading, translating and more.
Continue
