What's a Good Secondary Exit for a Short Put? | OptionsANIMAL

# What’s a Good Secondary Exit for a Short Put?

### The students here at OptionsAnimal are given a thorough options education from beginning to end. As with all complex things that we learn, it is best to lay a strong foundation about the basic instruments of each trading strategy.

Then we build on that foundation, layering slightly more and more difficult concepts upon the firm foundation. I remember being new to options, not too long ago, and experiencing that “ah ha!” that comes with understanding the materials and how each piece fits into the bigger picture.

A new student asked me about one of the secondary adjustment choices to a basic one-option-directional-trade, the short put. While we say that it could be “closed at a theoretical break even” the better choice is to complete the upper levels and learn how to adjust it into a spread trade. However, when building the foundation of knowledge of the basic instruments, simple is better.

Does this adjustment work in the “real world?” No.

Mathematically, you’d think that if you sold a 50.00 put at a credit of \$1.25, on XYZ trading at \$50.00 that you’d reach a break-even point when the stock traded at \$48.75. So, why doesn’t this work in real life? The answer is simple. The bid/ask spread.

If you sell that put for the \$1.25 credit and one minute later think it was a mistake, what would you have to pay to close the put? Unless the price jumped up in that minute, you’d already be at a loss because we sell at the bid and buy at the ask. Some of our students remember it this way: The Bid is the wholesale price and the Ask is the retail price. The market maker is going to exact his/her price, and that’s why there is a spread between the Bid and the Ask.

Thankfully, we build upon the basic concept of selling puts by teaching spread trades. You’ll find the REAL solution to your secondary exit in the Options Animal level 5 classes. And, then, once these have been mastered you’ll see even more ways to combine the spreads in levels 7 and 8.

Emilu Bailes
OptionsANIMAL Instructor

Posted in

## Join 500,000+ Investors

Get the latest class invites delivered straight to your inbox.

## Our Students Love Us

Brian Hores
1560261581
A well structured curriculum to master the intricacies of options trading. Archived sessions allow you to go at your own pace and review areas of weakness. Live classes with instructors are interactive with a chance to ask questions. The teachers are great with helping to clarify issues and help you succeed. Following he Options Animal 6-step process will lead to trading success. The tuition is worthwhile compared to paying the school of hard knocks. I haven't mastered everything but am a much more confident and profitable trader.
Robert Cronyn
1639535578
Steve Rosenlund
1583360190
Some classes are very technical, I can repeat them as needed. I would rather retake a class than see it dumbed down.
Very Educational, I have been trading options for some time and I have recently purchased their classes and I have learned a considerable amount in the little time I have been attending. So far I am very pleased I joined this community.
Robert Brown
1542241498
It is legit with certified courses and tax incentives.
Eric Hale
1650378901
The best place to learn how to trade stocks and options.OptionsANIMAL teaches a unique, straightforward 6-step process. It's flexible. It allows you to develop an approach that is suitable for you. Works for large portfolios looking for protection and income. Works for smaller portfolios looking for leverage and growth. Their process steps through developing a trading plan that works in any situation - bullish, bearish, or stagnant. And, more importantly, the plan allows for adjusting when the trade goes against you. There is a vibrant community of like-minded people. The instructors and members are available to provide support and ideas everyday. Daily market updates. The instructors share real-money trades from their portfolios every week. Fair warning, there is a learning curve. Like anything good, it requires some time and effort on your part to to get through the curriculum. Live and recorded classes allow you to move at your own pace. The instructors and community members are there help you along the way. You should definitely check it out. There's a reason why thousands of people have been through this program: it works.
Blaine Jones
1561426598
Options Animal is one of the best, if not the best, educational experience I have ever had. If there were more than 5 stars I would rate them a 10.
My passion to trade has grew so big , Kathy have made my world beautiful for earning \$6,570 on my little investment of \$650 , I was always losing on options market .. Ever since I invest with Kathy Clarke, i was always on the good side. she never gamble with me but trade for me,,, all Thanks to Kathy Clarke for my wonderful earning..
I fully recommend Her to you to also share this great experience with me
Email:[email protected]
WhatsApp: +15182822295
1581093745
The lessons are excellent, organized and easy to follow . Can take you from beginning student all the way through "PHD" level options trading. Several instructors to choose from (all good) and each has his/her own style to make learning FUN. The best part is : you become a profitable trader.
Jim Hores
1560196465
I found this to be an outstanding program - in-depth knowledge you cannot find anywhere else and the staff is always very supportive. I give it an A++.
G.K. Self
1671489987
OptionsANIMAL is not the first trading education I've paid for, but it is BY FAR THE BEST! I've been studying with OA for about 18 months and have not once been disappointed in the instruction or support services. OptionsANIMAL is pure class all the way through. The instructors earned their way into their positions, so they speak with real rather than theoretical knowledge. The lessons plans are clear and comprehensive, and the instructors are skilled communicators. They are also accessible as you can address questions to them and they actually respond.I have gained so much trading confidence through OptionsANIMAL that I see it as a vital part of my life. The emphasis on secondary and tertiary exits has allowed me to react confidently whichever direction the market turns.I could go on to the point where this review would lose credibility, so I'll stop by saying joining OptionsANIMAL is one of the best decisions of my life. It has blown the doors of possibility wide open for the future.
chipman
1636668826
I have been a member of Options Animal for slightly over a year. This is by far the best service I have ever used. My membership includes the education, weekly market reviews, Instructor Trades, and twice a month interactive session with one of the instructors. I find everything to be highly educational and helpful to help me become a successful Options trader. I love Options Animal and will become a lifetime member soon. I have had a great year.... Thank you Options Animal!!!
Jerry Boatman
1576897812
Fantastic Training that you can do at your own pace.
Dearl Dotson
1651630241
This course is the most in depth study of options that I have experienced. Having over 30 years experience trading in the stock market and an MBA, I thought I had knowledge. I did but it was only superficial. Well worth the money.
Rina Shinn
1580579898
This is the program that I wish I knew at the beginning before I poured in ridiculous amount of money in order to learn about options trading. Highly recommended.
Gopal Kalra
1669662218
Absolutely best school to learn options trading, OA has the best instructors and a fantastic curriculum for anyone who wants to learn and trade options, OA is by the the best online education for learning how to trade using options.
Gerry Young
1561746149
Dora Murphy
1637027040
Great company, Great investors, it's only when a company serves her investors with truthfulness and reliability that it may produce great investors.
This awesome company has been making thousands of people millionaires every year according to the company's info.
At first I doubted, but at a point I decided to give them a trial and here I am now sharing my testimony.
You too can benefit from this same company from anywhere around the world, you only have to contact one of the company manager person like Mrs Patricia Brayan to help you grow your investment capital within a week, contact her via whatsapp number:+1(608)6186312 or email: [email protected]
Joseph Woollen
1573790624
I have been pleasantly surprised with Options Animal. Having used other options training programs with limited success, going through the Options Animal courses has been like getting a graduate degree. Their courses are comprehensive yet understandable, and it’s particularly helpful to go into their video archives to take the same courses numerous times - each with a different instructor with a slightly different teaching approach. And it’s hard to beat theIr support and collateral materials.I highly recommend Options Animal.J. Michael Woollen
Joe Kocks
1685044981
I am really happy I decided to subscribe to OptionsAnimal. Trading options is not easy, but OptionsAnimal provides you with all the information you need to trade options successfully. They cover all the different option trades, and, in the higher level lectures, they have algorithms which guide you through the management of trades after they are placed. I highly recommend OptionsAnimal.
dvin68
1614030172
Very professional group. Brice Hogan provided excellent pre and post sales support. The instructors are diverse and provide different views on the same subjects which helps me to be thoughtful about the subjects and retain the information. The classes are well laid out and build upon themselves. The community approach provides me with an environment that will foster lifetime learning. This is not the first investment education company but their lifetime membership is an excellent value for my long-term growth. Thank you.
John Daggerhart
1543087810
Very straight forward solid education. No get rich quick B.S. Learn, follow, prosper!
Markus Bandomir
1516287184
Amer Khurshid
1650916561
Options Animal is best place to learn options. There is no other place even close. The instructors are available are very knowledgeable and will do everything to make sure you learn. Also it is like community and you can learn a lot by reading posts and questions from everyone. You can also follow instructors trades in paper trading account to learn and adjust. Instructors like Eric, Charan, Horace, Joe, Karen and Jeff and wounderful folks like us- They are always available to help me. I feel lucky that I found them.
Joy Chidinma
1634955006
I never believed it works this way, i was very doubtful about Bitcoin and all other online trading , I decided to risk \$600 with Mrs Peggy Abbott fx, after I saw testimonies of people on how good she is but I was Very skeptical but she prove me wrong with my first trade and I'm so happy today, so I'm recommending her to everyone of you to invest with her and testify like me. Contact her now on
Email: [email protected]
WhatsApp +1(475) 295-1383....
Jordan Oram
1646257139
LOVE the course curriculum and instructors! I have been, and will continue, to direct people towards OA as the #1 place to learn both Options Training, as well as a deeper understanding of the important of knowing the market movements, impact of various meetings/announcements, and the value of deep fundamental research.Truly am much better for having spent the time with OA that I have and look forward to learning much more with them in the future as well!
Peter Schulz
1591373230
This company is for real! The education is top-notch and can help you whether a beginner or a seasoned veteran looking for new approaches. If you are looking for the resources you need to add options trading to your investing, I can't imagine a better place to get it. The community is amazing and supportive, the instructors are great, and the site has endless archives to go through. Following along with experienced traders as they identify, make, and then adjust trades really drives the lessons home. I wish I had joined this 10 years ago.
EJ Esposito
1609186341
I decided to become a lifetime member of Options Animal. The courses they have are very detailed and really answer the questions I have. If you find that you still have questions, you can reach out to the instructors for additional clarification. Also the courses are updated all the time so they discuss what the current state of options are, which is great! Im excited to continue my Options journey with Options Animal!
Danny Bayt
1656699369
I am very impressed with the quality of education at OA. I am now confident that I can enter a trade with more than hope as a strategy.
Hands down the best financial education program I've seen. Game changing in terms of my knowledge and performance!
Rob Helean
1649727774
After many years of trying, I now have confidence I can make great passive income through trading. Without OptionsANIMAL, I doubt I would have ever got there. The instructors and courses are great! I have not had a losing trade since joining. What has being key for me are the exit strategies, when Plan A has failed, you have a Plan B, Plan C.... This is key to becoming a success. In addition, I have found the weekly review a great watch. A good pulse check for how my own trading is going!
Nag Malluru
1557418592
I like the education that OA provides and it is really interesting to see all these strategies in real world. I am seeing the difference already and excited to be part of this.Community and Live tabs are amazing and helps us to stay connected with the schedule and other member thoughts etc.
Anthony Hyde
1609350216
Sergey Golub
1576790560
If you a new or an experienced options trader this is very much desired service where you can learn a lot and get help when you need it most from live coaches at Options Animal.Keep up guys with great work!S. G.
Superman
1633565829
Susan Taylor
1588002813
Options Animal is a very honest company. They will work with you if you need help.
Wendy McLaren
1670291853
I was with Options Animal for 18 months and learned so much useful information that I needed in order to trade options successfully. I am very satisfied with my experience working with them. There is an abundance of resources on their website and I was able to post questions to the coaches and other participants with responses that were quick and answered all my questions. It took a lot of hard work on my part to learn this but their education was top notch. They are a very professional company and I wish I could stay on with them but at the same time, I feel I’ve learned enough to move forward on my own. I highly recommend Options ns Animal to anyone who is truly wanting to learn to trade options
Karim Lopez
1604000411
Guys.,, I´m enchant, the learning is being great, I personally have to tell you that the return on investment was in 4 weeks, I´m so happy I feel blessed that I found options animal. Eric, Karen Jim, Joe, Charan, all instructors are great and easy to work with it.thanks for changing my life as an investor, I had 22 years as an investor and this by far has been the best of best learning experiences.RegardsKarim
Edward Parker
1608601497
I took the plunge with OptionsANIMAL because I was tired of "running in place" with my options trades. I'm just getting started with the Level 5 classes, and already my trading results have improved, substantially. The amount of training material that is available is incredible. If you take the time to actually study the material your trading will never be the same.
David Vaillette
1647498358
I had tried training with a couple of other courses, and was losing badly. Happened across Options Animal, and it was a whole new world. Here I found out that it's a lot more than just buying or selling puts and calls. Better details on choosing equities, strategies to minimize risk and maximize using the markets direction. Great training available with multiple instructors. If the first one doesn't match your personality great, there are 6 more. Worked for me. Can't say enough for the training! Glad to be an "Animal"!
Jared Johnson
1688451259
These folks want to see you win. High quality options education.
Peter Kangethe
1641022409
A great investment for myself in options trading education. Very experienced and passionate educators. Acces to live and archived training material was key for me due to time diference. The curriculum is very well structured and this combined with weekly market updates helps you keep in tune with the market. Last but not least, a fantastic community to interact with through your training and trading journey.
Tod
1638240855
Money well spent. They give you all the education you need. The rest is up to you.
They offer a systematic approach to options education. Each instructor has taken the courses. They are all intelligent, articulate and available to answer questions. No sales gimmicks just a commitment to the students. I highly recommend them.
John W
1561755181
Brice is very easy to work with and does what he says he will do. Thanks again Brice for the good service
R T
1650653739
How The Animals Play the GameOptions options endless bucksSounds so good but now I'm stuckTerms confusing, where to startThe OA coaches do it smartBuild your option with a planBalance risk reward and chanceThen like SEALS on secret missionsPlan your exits with precisionAnd if by chance you plan goes sourYou exits have a secret powerAdjust it for your profits claimThe only way to play the game- Bob the budding options guy
Merlin Andrews
1509899271
By far the best educational source for options trading that I have found in my 4+ years of learning. An incredible amount of information, education, and support - worth every investment penny for anyone serious about learning options trading. The most helpful, passionate, and skilled instructors - all with different perspectives that make it easy to find your own path instead of getting told what your path should be.
Baby Steps
1649572337
I don't usually pay for stuff like this because I feel all the info I need is free on YouTube. I stand corrected. Their training program is excellent and they have fantastic customer service. I have learned so much since I started using their curriculum.
Steven Hollosi
1593191682
I have been trading options for several years with some success just as a hobby, when I decided to trade options as a business and a source of a regular income, i searched for an educational platform to enhance my understanding and of the market dynamics when it comes to trading option I discovered Options Animals, called them, confirm that this was an educational focused platform that I could benefit from. The rest is history, I could not be happier with the results and support I received over time. They will teach you on how to enjoy the success rate of 90 plus percent of profitable trading with a thoughtful methodology and a plan of execution.
I am sold for life. Keep up the great work everyone.
Thank you,
Steven Hollosi
Kaleb Fife
1626964828
Lean
1563214414
Howie Agster
1558466089
Webinars have great examples of a superb strategy trading options. First in money management and trade adjustments limiting losses. My choice for learning from the best.
Tako Ichi
1657318217
This is the best place for options trading educations. I was the one jumped in slowly. Took a few of their free classes. I saw they gave good values. Then, joined their "beginner" classes and later upgraded to their full curriculum. And now, I am a lifetime member. The only regret was that I didn't join earlier and started trading options sooner. Take advantage of their free classes and see for yourselves.
Kevin McDermott
1558641779
Even though I have been trading options for a couple of years, I was happily surprised by learning things I either did not know or did not understand as well as I should have.Excellent education program that is good for everybody from beginners to experienced options traders. Plenty of resources and actual people who can answer your questions or help you deal with any unexpected difficulties.Top notch organization doing top notch work. Check them out.
Excellent training from multiple experts.Member as of February 2019. I have completed up to level 3.Trading options since 2009-2011 when one could throw a dart and win!Excellent archives for training classes with Kathy, Joe , Eric, Charan , Jeff, and Horace. These are excellent educators because of the different styles each educator brings to their client.OA Trader work shops offer insight on how to think.The Wednesday and Friday updates also educate the client on how to think. These updates educate the client on how to separate the noisy events from those that are important.Entering into the options trading world with out OptionsANIMAL training is foolish.I am very pleased with the value of my decision to join OptionANIMAL.I wrote with review on my own accord and will stand by this review.Bodin Hugger, JRMetaire, LA 70006
S S
1640886972
Trade with MRS Sherry Murphy and her company and have a wonderful trading experiences where your money is rest assured and your profit is very easy to withdraw.. I just made another withdrawal and I think it's worth testifying. Contact her
[email protected]
WhatsApp :+ 13153028128
Oren Inbar
1653063985
overall good training and covering all that is important in placing and managing options trades. Platform is very old and not user friendly. in todays age, I expected something much more advanced. Warren, my personal coach, is a great guy, and available always for any question I have.
Thom Ianniccari
1509300472
Great education and support to learn to earn. I have done a lot of investing education and this is one of the few systems that gets a gold star.
Jim Jackman
1617832525
I have been with options animal for a couple of years now. I was previously trading options with varying degrees of success but with no real understanding of what I was doing and whether or not it made sense. Options animal has given me a grounding that I needed to begin to manage my portfolio and understand the trades that I'm placing. It's training has helped me replace "greed and gambling" with common sense It is giving me an understanding of the options market. All of their instructors are excellent and it is a great virtue that they have and explain different approaches to the same lessons. I always find that I learn best when I review the same materials from different competent sources. Option animal provides that in great measure. In my opinion it is well worth the investment and I continue to look forward to their programs and trading analysis.
James Diehl
1563484130
My wife and I have tried other on line trading academies and were not impressed with them at all. We became very frustrated to the point of almost giving up the idea of ever being able to learn how to trade options. We heard about Option Animal and decided to give it one more try and we are glad that we did. We were immediately impressed with the entire program. The lessons, both live and archived, are easy to follow and very well done making it simple for even the most novice trader to understand. The instructors are extremely knowledgeable and offer personalized attention when needed. We highly recommend Option Animal if you are serious about learning how to trade options.
Peter Schulz
1591373283
This company is for real! The education is top-notch and can help you whether a beginner or a seasoned veteran looking for new approaches. If you are looking for the resources you need to add options trading to your investing, I can't imagine a better place to get it. The community is amazing and supportive, the instructors are great, and the site has endless archives to go through. Following along with experienced traders as they identify, make, and then adjust trades really drives the lessons home. I wish I had joined this 10 years ago.
K L
1694973762
Pretty good but only for novice.
Scott Walz
1606927409
Options Animal has been great to work with. There are many trainers to work with who have different styles of teaching and trading. I have found several that I like and learn from. The training they gave me has benefitted me so much that the gains I have made in my trading account has more than paid for my subscription to the lessons. Love this company and their trainers!
Mike Woollen
1672455285
I've been a member of OptionsAnimal for approximately 5 years and have completed all 8 educational levels. They are terrific! I get dozens of emails daily with various other groups promoting their products to "hit it rich" with stocks and options trading, but I find that most of them are promoting their products to enrich themselves. But with OptionsAnimal, each instructor and the staff really care about providing a top-notch education and quality advice. After 5 years, I realize the more I know the more I realize how much I don't know! So, having access to the OptionsAnimal educational materials whenever needed is really helpful. I wholeheartedly recommend OptionsAnimal!
William Klun
1609184693
I've done a lot of stock and option training education over the years but this is the first place that actually delivered on what they advertise. They don't just give you trades or give canned formulas to execute, they give actual training courses and make sure you understand them before moving on to more advanced topics. There is ample opportunity to get feedback from instructors on any and all aspects of option trading. I had been trading for years before signing up and I didn't know how much I didn't know. I am so much more successful in my trading than before and I'm learning more here everyday. Worth the price of admission!
Next Reviews
Scroll to Top