Trade Options like a pro using Bookmap | Doug Pless
Doug has been trading options for 10+ years and has developed a very unique style and strategy. He uses data from Spotgamma to give him an overall understanding about the market structure and then reads the order flow in Bookmap to pinpoint trading opportunities.
Twitter: / dougpless
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ABOUT BOOKMAP
Bookmap is a cutting-edge trading platform that lets you visualize market liquidity and gain incredible insight into the order book.
Trade with confidence as you watch the market evolve in real-time at 40 frames per second. Identify market trends, discover hidden price patterns, and understand order flow like never before.
GENERAL DISCLOSURE
All Bookmap Ltd materials, information, and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Live trading is in simulation demo paper trading mode, and strictly for educational purposes. Live trading executed in simulation cannot accurately represent realistic trading performance.
RISK DISCLOSURE
Trading Futures, Equities, and Digital Currencies involves substantial risk of loss and is not suitable for all investors. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security nor life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Timestamps:
0:00 - Introduction and streaming schedule
0:36 - General disclosure and risk disclosure
1:05 - Contact information and preferred communication channels
1:31 - Key tenets of trading approach
2:43 - Focus of the presentation: Options order flow and market impact
3:18 - Two-step trading process: Planning and execution
5:08 - Agenda for the day: News, positional analysis, and setups
6:26 - News items overview: FOMC announcement and earnings reports
7:40 - Positional analysis of S&P 500 (SPX and ES Futures)
17:17 - Shift in key levels and support/resistance discussion
20:28 - Setup review: S&P 500 and NASDAQ
24:39 - Analysis of real-time market maker hedging flow
29:06 - Post-FOMC announcement market reaction analysis
34:17 - Further discussion on S&P 500 and NASDAQ trends
39:38 - Stock analysis: AMD, Microsoft, Meta, and Google
47:50 - Analysis of market reactions post-FOMC statement
54:18 - Final wrap-up and preparation for Friday's session
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