Adam Beaty is more than just your typical options strategist. His passion for business and his entrepreneurial mindset have taken him on a stock trading adventure. Starting with only $500 in his portfolio, Adam began to visualize his dream. Already ‘hooked’ on the stock market and the charts they produced, he further developed a unique awareness of a niche market, options, and the infinite plays he could run with them.
His work with weekly options earned him recognition in the Wall Street Journal at the age of twenty-four. After receiving dual majors in Finance and Marketing, and graduating Magna Cum Laude, Adam continues to study the market, pour through the charts, paying attention to the smallest details that may have an affect as he looks for the next big setup!
“Adam Beaty of Houston recently started selling weekly put options on Amazon.com Inc. “With the weeklys, everything is a little bit cheaper,” he says. The downside, he says, is that he has to take on a little more risk. Under his previous strategy of selling monthly put options, he would be obligated to buy Amazon stock, currently trading at about $148, only if the stock dropped by about 17%. With weekly options, he figures he would have to buy if the shares fell about 6%.”