Unlock Profits with This Special Options Trading Cheat Sheet: 20 Expert-Crafted Prompts and Follow-Ups
Krish Kinra
Blogging
9
min read
Nov 14, 2024
If you’re looking to maximize profits in the options market, then you’re in the right place. Our team of prompt engineers has worked tirelessly to create a unique options trading cheat sheet filled with 20 highly specific and profit-oriented prompts. Each prompt comes with a targeted follow-up question, designed to guide you step-by-step through entry, exit, and risk management strategies, enhancing your trading precision.
This cheat sheet is built to boost your trading insights, increase profits, and help you make well-informed decisions in the fast-paced options market. Whether you’re trading Tesla, Amazon, or Apple, these prompts will take your options trading to the next level!
20 Highly Specific and Profit-Oriented Prompts for Options Trading
Each prompt provides a primary strategy question, followed by a follow-up to refine your approach. Let’s dive into each one to see how these prompts can guide you toward high-probability trades.
1. Tesla Call Options
• Prompt: “List the top 2 call options for Tesla expiring in the next 7 days, with a high probability of profit.”
• Follow-Up: “What exact strike price should I buy, and when should I exit for maximum gains?”
Why It’s Useful: This prompt focuses on Tesla, a stock known for its volatility. With a short-term view, it helps identify the best call options with high-profit potential.
2. Apple Short-Term Put Option
• Prompt: “List the most profitable short-term put option for Apple based on today’s market conditions.”
• Follow-Up: “At what exact strike price should I enter, and what price should I exit at for a quick profit?”
Why It’s Useful: This prompt helps traders pinpoint profitable put options for quick trades, especially in bearish conditions for Apple.
3. Microsoft Covered Call
• Prompt: “List the best entry point and strike price for a covered call on Microsoft with weekly expiration.”
• Follow-Up: “When should I sell the call to capture premium, and what’s the ideal price to buy it back?”
Why It’s Useful: Covered calls are a great way to capture premiums. This prompt helps determine entry and exit for maximum premium on Microsoft.
4. Stocks with Insider Buying and High Options Activity
• Prompt: “List the top 2 stocks with insider buying that show high options activity, indicating a bullish trend.”
• Follow-Up: “Which specific call option should I buy (with strike price), and when should I take profit?”
Why It’s Useful: Insider buying signals confidence, and this prompt aligns that sentiment with active options for higher-profit trades.
5. Amazon Bull Put Spread
• Prompt: “List the exact price levels to enter a bull put spread on Amazon for a 2-week expiration.”
• Follow-Up: “What are the specific strike prices I should sell and buy for this spread, and where should I exit?”
Why It’s Useful: A bull put spread reduces risk while allowing profit potential, especially on a major stock like Amazon.
6. Tesla Shorting Put Option
• Prompt: “List the best put option to short Tesla with a strike price that is highly profitable for the next 10 days.”
• Follow-Up: “What exact entry and exit points should I use for this short, and how should I manage the risk?”
Why It’s Useful: This strategy helps traders capture profits on Tesla’s downside, managing entry and exit for minimal risk.
7. Facebook Call Options
• Prompt: “List the top-performing call options for Facebook this week based on implied volatility.”
• Follow-Up: “What strike price and expiration date offer the highest return potential, and when should I sell?”
Why It’s Useful: Options with high implied volatility can offer greater returns. This prompt guides traders on the most promising call options.
8. Nvidia Iron Condor
• Prompt: “List the most profitable iron condor setup on Nvidia for a 1-month expiration.”
• Follow-Up: “Which exact strike prices should I choose for the calls and puts, and when should I close the trade for profit?”
Why It’s Useful: Iron condors are ideal for range-bound stocks. This prompt narrows down optimal strikes on Nvidia for steady profits.
9. Boeing Ratio Call Spread
• Prompt: “List the ideal strike prices for a ratio call spread on Boeing based on current price action.”
• Follow-Up: “What exact entry price offers the highest profit potential, and what should be my target exit price?”
Why It’s Useful: Ratio call spreads can maximize gains on stocks like Boeing. This helps traders refine entry and exit for a precise setup.
10. AMD Cash-Secured Put
• Prompt: “List the highest probability of profit (POP) strategy for selling a cash-secured put on AMD.”
• Follow-Up: “At what exact strike price should I sell the put, and when should I buy it back for profit?”
Why It’s Useful: Selling cash-secured puts on high-probability trades like AMD can bring consistent returns with limited downside.
More Advanced Options Trading Prompts
11. Netflix Earnings Strategy
• Prompt: “List the most profitable strategy for trading Netflix options around their earnings report.”
• Follow-Up: “What specific call or put should I trade, and what strike price and expiration date are ideal for earnings volatility?”
12. Google Calendar Spread
• Prompt: “List the exact entry and exit points for a calendar spread on Google based on its current price range.”
• Follow-Up: “Which strike prices and expiration dates should I use for the spread, and when should I take profit?”
13. Tesla Long-Term LEAP Option
• Prompt: “List the best long-term leap option (call) to buy on Tesla with the most potential for profit over the next year.”
• Follow-Up: “What’s the most favorable strike price for maximum return, and at what price should I take profit?”
14. High IV Crush Stocks Post-Earnings
• Prompt: “List the stocks with the highest implied volatility (IV) crush potential post-earnings.”
• Follow-Up: “Which option should I buy or sell to profit from the IV crush, and at what price should I exit?”
15. Microsoft Butterfly Spread
• Prompt: “List the best entry point for a butterfly spread on Microsoft based on today’s trading range.”
• Follow-Up: “What are the ideal strike prices, and when should I close the spread for a profit?”
16. Options with Unusually High Open Interest
• Prompt: “List the top 2 options (call or put) with unusually high open interest and recommend the best trade.”
• Follow-Up: “Which specific strike price and expiration should I choose, and when should I exit?”
17. Apple Protective Put
• Prompt: “List the exact strike price to buy a protective put on Apple stock to hedge against a possible drop in the next week.”
• Follow-Up: “At what price should I buy the put, and when should I sell it to protect gains?”
18. Nvidia Short Straddle
• Prompt: “List the best options strategy for a short straddle on Nvidia based on its high volatility this week.”
• Follow-Up: “What are the exact strike prices and expiration to choose for maximum profit, and when should I exit?”
19. Tesla Vertical Call Spread
• Prompt: “List the most profitable strategy for a vertical call spread on Tesla with a 2-week expiration.”
• Follow-Up: “Which strike prices should I use, and what is the ideal price for entering and exiting the trade?”
20. High Gamma Call Options
• Prompt: “List the top 3 call options with the highest gamma for short-term explosive movement.”
• Follow-Up: “Which option should I buy, and when should I sell to capture the explosive move?”
Why Use These Prompts?
Our options trading cheat sheet is crafted to maximize profitability by guiding you through highly specific scenarios. From identifying optimal strike prices to setting clear entry and exit points, each prompt enables you to make precise, well-timed decisions that can improve your returns.
Maximize Your Options Trading Success
This cheat sheet is designed to be your go-to guide in the options market, providing expert insights that go beyond basic strategies.
Whether you’re a seasoned trader or new to options, these prompts and follow-ups allow you to approach trading with confidence and clarity.
Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Please consult a financial advisor before making trading decisions.
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