Candlestick Framework

Review of all the essentials you need to know about candlesticks so you are up to speed when Steve refers to them in the option strategy sections. In this module, the focus is the power of single candlestick lines.

• Why Nison candlesticks and options are the perfect fit
• The Trading Triad™
• Doji essentials
• Candles to set protective stops
• The Hammer
• The Shooting Star
• The High Wave Candlestick
• The Bullish Engulfing Pattern
• The Bearish Engulfing Pattern
• Rising and falling windows
• Change of polarity
• Snap and crack
• Falling off the roof
• Adapting to new market conditions
• Chart challenges

Options Framework

If you are brand new to options this will get you quickly up to speed on the essentials. If you are an experienced option trader it is a great review and. PLUS, experienced options traders will pick up new approaches or ideas in this section.

• The benefits of options
• Review of option essentials
• Buying In, At and Out of the Money Strikes
• Implied Volatility
• Out of the Money and In The Money – Pros/Cons of each
• Time value decay
• Advantages and disadvantages of short term expirations
• Advantages and disadvantages of longer term expirations
• The Greeks
• Bull spread – definitions, best strikes, when to use, cautions
• Bear spreads – definitions, best strikes, when to use, cautions
• When to buy options outright instead of spreads
• Methods to gauge confidence levels
• Long outright option strategies for when you have high confidence
• Long outright option strategies for when you have lower confidence

Finding the High Probability Option Strategies Using Nison Candlestick Strategies

• Building on what you learned in the prior sessions, Steve now delves into specific option trading strategies using Nison candlesticks.
• Importance of trend compared to implied volatility
• Volatility skew
• When to enter, exit and the best strike price to use for long calls
• When to enter, exit and the best strike prices to use for long puts
• When to enter, exit and best strike prices to use for bull debit spreads
• When to enter, exit and best strike prices to use for bull credit spreads
• When to enter, exit and best strike prices to use for bear debit spreads
• When to enter, exit and best strike prices to use for bear credit spreads
• Discover by using the Nison candlestick insights when to do an outright and when to do a spread
• Advantages and cautions of bull debit and credit spreads
• Advantages and cautions of bear debit and credit spreads
• Using the brand new “Nison Candlestick Confidence Filtering Strategy ” to set up the perfect option trades
• Secrets of Nison candlesticks for market direction and timing option trades
• Using the Trading Triad Success System™ to help overcome option trading challenges
• Why bearish candle signals must be traded differently in option markets
• Nison Candlesticks for day trading options
• Nison candlesticks for portfolio protection
• When to use protective puts instead of covered calls
• Nison candlestick timing strategies for covered calls
• Nison candlestick timing strategies for protective puts
• Using “Nison Candlestick Confirmation” for portfolio protection strategies
• How to let your portfolio profits increase by knowing exactly when to exit a covered call or protective put
• Chart Challenges and “Read Steve’s Mind”
• SPECIAL BONUS SESSION: Using the Nison Candle Scanner software to quickly find a watch list of markets… plus our secret “Bouncing Ball” trading strategy

Merging Nison Candlesticks and Western indicators for High Success Option Strategies

• Steve will reveal exactly how merging Nison candlesticks with Western indicators will be your one-two punch for option success.
• Using the 4 New Nison Candlestick Confirmation Option Strategies™ for:
• Long calls
• Bull call spreads
• Bull put spreads
• Long puts
• Bear put spreads
• Bear call spreads
• The one time you must use a credit spread instead of debit spread
• The two simple questions you need to ask before you do any option trade
• Improving success by setting up trades in the direction of major trend
• Price target strategies for:
• Long calls
• Bull debit spreads
• Bull credit spreads
• Long puts
• Bear debit spreads
• Bear credit spreads
• Option strategies using box ranges and Nison candlesticks
• Option strategies using Bollinger Bands and Nison Candlesticks
• The secret Nison Symmetry™ Strategy to forecast BOTH time and target
• Option strategies using The Change of Polarity technique
• Option strategies using The Falling Off the Roof technique
• Option strategies using breakouts
• Chart Challenges and “Read Steve’s Mind”

Trade Management Option Strategies for Improved Market Timing and Decreased Risk

• A Japanese proverb states, “His potential is that of the fully drawn bow–his timing the release of the trigger” A correct understanding of Trade Management will tell you when, and when not to pull the trigger on an options trade:
• Using Risk/Reward analysis to determine the correct option strategy
• How options let you be more flexible with protective stops to help avoid being stopped out and then having the market go in your direction
• Monitoring and adjusting open option positions
• Using the “Market Chameleon” strategy to know when to leg into a bull spread
• Using the “Market Chameleon” strategy to know when to leg into a bear spread
• Rolling up on long calls to let profits ride during rallies
• Rolling down on long puts to let profits ride during selloffs
• Legging into bull and bear spreads to lock in profits
• Low cost way to reverse positions by legging out of spreads
• Using protective stops to protect trading capital
• Using time stops to protect trading capital
• Using the “Crack and Snap” strategy to leg out of a bull spread
• Using the “Crack and Snap” strategy to leg out of a bear spread
• Using Nison candlesticks to know when to exit open option trades
• Chart Challenges and “Read Steve’s Mind”