What are you really betting on when you trade an option? Bill Johnson argues that it's not simply whether a stock goes up or down. It's how much uncertainty the market has priced in—and how much…
Does more active trading produce better results—or simply create more opportunities to be wrong? In this episode of Thinking In Options, Bill Johnson examines the illusion of control behind constantly…
There are no solutions in trading—only trade-offs. In this episode of Thinking In Options, Bill Johnson explains why options aren't simply a cheaper substitute for stock. Every option comes with…
Being right about where a stock is headed doesn't guarantee a profitable trade. In this episode of Thinking In Options, Bill Johnson explains why markets don't reward traders simply for predicting an…
A 100% return on an options trade sounds impressive—but does it actually prove skill? In this episode of Thinking In Options, Bill Johnson examines one of the most seductive illusions in trading:…
What does it really mean when a trader says an option is "free" or they're "playing with house money"? In this episode of Thinking In Options, Bill Johnson breaks down the illusion of the "free…
Volatility can make a stock look more attractive. Bigger swings mean bigger opportunities—or so it seems. In this episode of Thinking In Options, Bill Johnson explains the hidden cost of volatility…
Most traders think they're "locking in profits" when they close a winning trade. But what if that's just an illusion? In this episode of Thinking In Options, Bill Johnson challenges one of the most…
In this episode of Thinking In Options, Bill explains why "obvious" trades rarely exist, why attractive risk/reward setups aren't necessarily opportunities, and why successful traders focus on…
In this episode of Thinking In Options, Bill uses a simple "basket of apples" analogy to explain why facts, indicators, and probabilities can create the illusion of an edge without actually improving…
