Frequently asked questions

Absolutely. We do not use hypothetical or simulated results.

For the purposes of transparency, Plenitude Trading has a separate, dedicated brokerage account for trading TimeFlies Spreads using 1 contract. The results page mirrors the trades taken in the account.

The trading statements for the account are saved and can be produced (with some information redacted) to prove any particular trade was executed.

You're correct - selling naked options can be risky. A sudden volatility expansion could wipe out your account if you're over-leveraged.

The good news is that trading TimeFlies Spreads does not involve selling naked options.

All our trades have defined risk. Of course any trade can lose - that's trading - but we are never in the situation where our account is at risk due to an unforeseen event.

Plenitude Trading uses tastytrade. We think they're awesome! You can sign up for a tastytrade account here.

Although TimeFlies Spreads are not overly complicated trades, you should not be a complete beginner. It is assumed you understand the fundamentals of options trading. You should:

• Know what calls and puts are.
• Understand basic concepts like strike prices and expiration dates.
• Know the difference between buying options and selling options (long vs. short).
• Have a basic understanding of the option Greeks, in particular Delta and Theta.
• Understand volatility and its effect on option pricing.

Like any skill you're trying to master, the more you know the better!

There are a lot of exceptional, free resources online to learn the basics of options trading. We recommend:

• Option Alpha's courses, in particular their Beginner Track.
• tastytrade's Learn Centre.

While Plenitude Trading doesn't specialize in options trading education for beginners, we will happily answer any questions you have if you simply can't work something out. Email us at [email protected].

No, not at the moment.

If there is enough interest, however, then it is something we would consider. Email us at [email protected] to register your interest.