The Options Millionaire
Peter & Travis
Join Peter and Travis as they provide you with invaluable insight into the world of options trading. Peter and Travis joined forces back in 2015 when Peter was a student of Travis' extremely popular and successful course, The Success Academy. From there, the two Co-Founded the Options Wealth Academy where they teach students to build six and seven figure account using options. Peter and Travis decided to share their knowledge and love of options trading by starting this podcast. So if you love options, or you've never heard of them and want to learn more, subscribe and join the community.
Episodes
Mentioned books
Mar 12, 2024 • 20min
Episode 18 - Option Greeks
Send us Fan MailIn this episode, Peter and Travis discuss option greeks and how they relate to their trading. For more information, head over to:www.optionswealthacademy.com
Mar 4, 2024 • 30min
Episode 17 - Trading Consistency
They dig into why steady practice beats chasing big wins. A surgeon analogy shows how repetition builds skill. Small, regular gains and compounding get compared to risky home-run attempts. Stories cover workouts, relationships, and dollar-cost-averaging style option investing for predictable monthly returns.
Feb 13, 2024 • 30min
Debit vs Credit Spread
A clear breakdown of how debit and credit spreads differ in cost and cash flow. A look at intrinsic vs extrinsic option value and why time decay helps one strategy but hurts the other. A discussion on the psychological pull of collecting credits and the risks of over-selling. Concrete payoff comparisons and practical tips for learning and paper trading.
Jan 30, 2024 • 27min
High Probability Options Trading
They explain what high probability options trading means and how probability OTM guides strike selection. A Tesla paper-trade shows large capital exposure despite frequent wins. A short SPY put example highlights tiny premiums vs big notional risk. They discuss emotional costs when wins are common but losses are big and argue for asymmetric risk-reward approaches.
Jan 18, 2024 • 31min
Can Options Beat Buy and Hold?
They compare options trading with buy-and-hold and discuss how leverage can magnify returns. They explain using small option positions to match upside while risking less cash. Practical tradeoffs come up: ease and low maintenance of buy-and-hold versus active management and expiration risk with options. They outline blending strategies and protecting portfolios during market downturns.
Jan 4, 2024 • 35min
Options Premiums
They unpack why option premiums vary across securities and how volatility and risk drive pricing. Comparisons include DraftKings vs Apple and SPY vs single stocks to illustrate differing yields. They introduce LEAPs and metrics like cost-per-year and months-to-expiration for planning. Insurance analogies explain premiums and using dividends or covered calls to offset protection costs.
Dec 19, 2023 • 28min
Return On Investment
Discussion of why return on investment matters and how to track it in options trading. A rundown of core strategies like covered calls, credit spreads and buying puts as insurance. Clear warnings about leverage, emotional risk and misleading marketing. Emphasis on prioritizing risk, realistic ROI targets and the power of compounding.
Dec 12, 2023 • 28min
Why People Fail At Trading Options
They unpack why traders overestimate skills, lean on leverage, and let greed magnify losses. They revisit mistakes like holding through assignment and failing to cut losses. They discuss mindset barriers, delayed rewards, lack of accountability, and how life interruptions derail progress.
Nov 20, 2023 • 22min
Episode 010_Market Tops and Bottoms
They dig into how tops and bottoms form and the tools traders use to spot them. They talk about emotional resistance to clear trading signals and why discipline often matters more than perfect timing. Risk management, leverage pitfalls, and lessons from past market downturns get practical attention. The conversation emphasizes patience, preparedness, and sticking to proven systems.
Nov 6, 2023 • 33min
How Debt Plays A Role In Investing
A lively discussion about how different kinds of debt affect your ability to invest. They contrast consumer debt with debt used to buy income-generating assets. Real-life missed opportunities and personal debt-payoff stories illustrate the stakes. The conversation covers cash advantages in downturns, why high interest erodes returns, and the discipline gained from eliminating bad debt.
