A long broken butterfly is a multi-leg options strategy that involves four legs with three strike prices. Here's how it works. Read More
Jim Fink is chief investment strategist for Options for Income, Velocity Trader, and Jim Fink's Inner Circle. He has traded options for more than 30 years and generated personal profits of more than $5 million. Jim also serves as an investment analyst at Investing Daily’s flagship investing publication, Personal Finance.
Hopelessly overeducated, Jim holds a bachelor's degree from Yale University, a master's degree from Harvard's Kennedy School of Government, a law degree from Columbia University, and an MBA from the University of Virginia's Darden School of Business. For good measure, he has been a member of the Illinois and D.C. bars.
Prior to joining Investing Daily, and when not incurring student loans hiding out in academe, Jim practiced telecommunications regulatory law for nine years until he realized that he made more money trading stock options than writing briefs. After attending business school, Jim switched gears to the investment realm full-time, working for a university endowment, a private wealth management firm, an insurance and financial planning company, and as a Senior Analyst for an online investment newsletter service that encourages the wearing of funny hats.
A possible but unlikely descendant of legendary brawler and boatman Mike Fink, Jim defies his heritage, believing that investing success requires patience and analysis, not swashbuckling bravado. Besides his passion for analyzing and writing about stocks, Jim likes to hike in the desert Southwest, vacation in Las Vegas, play tennis, and feed his toddler son Cheerios.
Analyst Articles
How would you like to profit from a stock that moves significantly in either direction? If so, then consider the long strangle strategy. Read More
Want to hedge against losses? Consider a horizontal spread, which involves buying and selling two options for the same stock at the same time. Read More
The strike price is a key element of an options contract, providing the reference point for exercising the option. Here's how it works. Read More
By buying a put option and simultaneously selling a lower strike put, you can capitalize on market downturns triggered by trade tensions without overpaying for protection. Read More
We explain the concept of intrinsic value, so you'll know how to use it when looking for options that can generate positive returns. Read More
We unpack the complexities of gamma, so you can use it to better understand the stock market's gyrations and improve your returns. Read More
All other things being equal, the price of an options contract will decrease every day it gets closer to expiration. Here's how to navigate this "time decay." Read More
Vega is a measure of how much an option’s price flutters in response to changes in implied volatility. It's one of the "Greeks" you need to master. Read More
Here's an explanation of what it means for an options trade to be "out of the money" and how to navigate the concept. Read More