B The Trader He Turned $2,000 into $1M Using Only 3 Options Strategies
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Feb 2, 2026 Eric Smolenski, a veteran options and derivatives trader with 18+ years, who built repeatable profit-mechanism strategies. He recounts his learning curve, a career-changing drawdown, and why a written trading plan transformed his process. Listens cover market path and effects, tracking trades to reveal an edge, and practical options plays like IV contraction and post-earnings drift.
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Write A Detailed Trading Plan First
- Stop trading live and write a detailed trading plan that covers scenarios and management rules.
- Use the planning process to force thinking through edge cases rather than winging decisions mid-trade.
Planning Forces Better Decision Paths
- Planning forces you to identify where you're wrong and predefine management actions for each scenario.
- Having predefined audibles beats building decisions in the heat of a trade.
Trade Market Effects, Not Single Picks
- Identify repeatable market effects and turn them into profit mechanisms you can measure and trade.
- Track performance across a basket, iterate on failing variants, and use data to guide adjustments.
