The Trader Hacker's Ultimate Playbook

Table of Contents
Copyright & Legal Disclosures.............................................................................................. 4

Welcome to NavigationTrading! .......................................................................................... 6
The NavigationTrading Methodology ................................................................................ 8
NavigationALERTS ..................................................................................................................12
Trading Options For Income: Options Basics (Free Course) ...................................13
Neutral Strategies – High Implied Volatility ..................................................................14
Iron Condor ....................................................................................................................................... 15
Butter/ly Spread............................................................................................................................... 18
Short Strangle ................................................................................................................................... 21
Short Straddle................................................................................................................................... 26
Neutral Strategies – Low Implied Volatility …………………………………………………….31
Calendar Spread .............................................................................................................................. 32
Neutral Strategies – High & Low Implied Volatility ………………………………….……..35
Iron Duck Options Spread .......................................................................................................... 36
Reverse Iron Duck ……………………………………………………………………………………….37
Bullish Strategies – High Implied Volatility …………………………………………………….41
Covered Call (Covered Stock)……………………………………………………………………….. 43
“Poor Man’s” Covered Call ……………………………………………………………………………. 44
Short Put Vertical .............................................................................................................................45
Short Naked Put............................................................................................................................... 46
2
Bullish Strategies – Low Implied Volatility ……………………………………………………..47
Long Stock .......................................................................................................................................... 48
Long Call …………………………………………………………………………………………………..…49
Long Call Vertical………………………………………………………………………………………….50
Bearish Strategies – High Implied Volatility ……………………………………………………51
Covered Put (Short Covered Stock)………………………………………………………………..52
“Poor Man’s” Covered Put……………………………………………………………………………..53
Short Call Vertical…………………………………………………………………………………………54
Short Naked Call …………………………………………………………………………………………..55
Bearish Strategies – Low Implied Volatility …………………………………………………….56
Short Stock ………………………………………………………………………………………………….57
Long Put ……………………………………………………………………………………………………..58
Long Put Vertical …………………………………………………………………………………………59
Position Sizing ……………………………………………………………………………………………….60
True DiversiYication ……………………………………………………………………………………….60
Options Terminology………………………………………………………………………………………63
3
Copyright & Legal Disclosures
NavigationTrading is the copyright and trademark holder of all branded properties
for Navigation Financial, LLC. Neither www.NavigationTrading.com
the Company or any of its af/iliates, owners,
managers, employees, shareholders, of/icers, directors, other personnel,
representatives, agents or independent contractors (herein referred to as the
“Company”) is, in such capacities, a licensed /inancial advisor, registered investment
advisor, registered broker-dealer or FINRA | SIPC | NFA- member /irm. Reproduction
and distribution of this document, or any form of its content herein via email, social
media, download, hard-copy, etc. is strictly prohibited without advanced and express
written consent by the Company. Any individual, company, and/or entity found in
breach of this agreement will be subject to prosecution.
Examples presented on Company’s website including video tutorials, indicators,

strategies, articles, emails, reports, downloads, and all other content of Company’s
products (collectively, the “Information”) are provided for informational and
educational purposes only. Such ideas are not solicitations of any kind or order to buy
or sell a /inancial security and should not be construed as investment advice under any
circumstances. The Company will not be held liable for any losses resulting from
information or advice presented in this information (or third party); the use of such
information is entirely at the risk of the user.
The risk of loss in trading securities, options, stocks, futures and forex can be
substantial. Securities involve risk and are not suitable for all investors. Consider all
relevant risk factors, including their personal /inancial situation, before trading. Past
results of any individual or trading system published by the Company are not
indicative of future returns. It should not be assumed that the methods, techniques,
or indicators presented in these products and services will be pro/itable or that they
will not result in losses trading and/or investing in the stock, options, and futures
market is risky due to the leverage involved and may not be suitable for all investors.
https://
navigationtra
Back-testing provides a hypothetical calculation of how a security or portfolio of
securities, subject to a trading strategy, would have performed over a historical time
period. You should not assume that back-testing of a trading strategy will provide
any indication of how your portfolio of securities, or a new portfolio of securities,
might perform over time. Be sure to review your investment risk tolerance
periodically to make sure they are still consistent with your goals.
4
YOU EXPRESSLY UNDERSTAND AND AGREE THAT THE COMPANY SHALL
NOT BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL,
CONSEQUENTIAL OR EXEMPLARY DAMAGES, INCLUDING BUT NOT LIMITED
TO, DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA OR OTHER
INTANGIBLE LOSSES (EVEN IF THE COMPANY HAS BEEN ADVISED OF THE
POSSIBILITY OF SUCH DAMAGES), RESULTING FROM: (I) THE USE OR THE
INABILITY TO USE THE SERVICE; (II) THE COST OF PROCUREMENT OF
SUBSTITUTE GOODS AND SERVICES RESULTING FROM ANY GOODS, DATA,
INFORMATION OR SERVICES PURCHASED OR OBTAINED OR MESSAGES RE-
CEIVED OR TRANSACTIONS ENTERED INTO THROUGH OR FROM THE
SERVICE; (III) UNAUTHORIZED ACCESS TO OR ALTERATION OF YOUR
TRANSMISSIONS OR DATA; (IV) STATEMENTS OR CONDUCT OF ANY THIRD
PARTY ON THE SERVICE; OR (V) ANY OTHER MATTER RELATING TO THE
SERVICE. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF
CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY
FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. ACCORDINGLY, SOME OF
THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.
5
Welcome to NavigationTrading!
You are now part of a growing group of “do it yourself” traders who are trying
to change the way investors think about building wealth. But, because we
don’t believe in using /inancial advisors, stock tips, or traditional /inancial
media, we have to do things differently…we have to do things smarter. We do
that through an art and a science we call Trade Hacking.
Definition:
Trade – The action of buying and selling
Hacking – An ef/icient method of modifying a task in a skillful and clever way
At NavigationTrading, our methodology is based on statistics and

probabilities, not hype or emotion. Our core strategies have been used by
Market Makers, Hedge Funds and Floor traders for many years. We use actual
math behind our strategies. (Don’t worry, you don’t need to be an advanced
mathematician to be a successful trader. If you made it through math class in
4th grade, you will do just /ine :)
It’s impossible to win on every

trade, but what if you could
leverage the probabilities, so
that you could win more than
you lose? Rather than basing
your trades on emotion, hype,
and worthless predictions…you
simply check a couple of data
points, and execute the trade.
If the probabilities are IN YOUR

FAVOR, you place a trade and
then close your laptop for the
day.
If the probabilities are NOT IN YOUR FAVOR, you don’t place a trade and you
close your laptop for the day.
6
What if by doing just that, day-in and day-out, you could beat the market…and
not by 1%, but potentially by 10%, 30%, 50%, or much more!
How would that feel? Pretty good right?
This book should serve as your daily guide to becoming The Ultimate Trade
Hacker.
Let’s get started!

The NavigationTrading Team
7
The NavigationTrading
Methodology
Successful trading starts with placing High Probability trades.
There are 3 simple rules to /inding High Probability trades:
Rule #1 - Liquidity
Choose a symbol with liquid options (lots of volume, and tight bid/ask spreads).
We have done the heavy lifting for you! Download The Ultimate Strategy Watch
List below.
The Ultimate Strategy Watch List

Get our list of the most liquid and profitable
symbols to trade for each strategy
Click below to get the watch list now!

http://navigationtrading.com/free-
Get Instantmember
Access
8
Rule #2 – Implied Volatility (IV)
FromThe Ultimate Strategy Watch List,

determine if the symbol has High IV, or
Low IV.
Implied Volatility (IV) is our “Edge” for

taking consistent pro/its out of the market.
Since we know that IV is overstated
compared to actual volatility approximately
85% of the time, we want to be net sellers of
options when IV is high. We can still make
money trading our methodology when IV
is low, but our pro/its and winning
percentage increase dramatically when we wait for opportunities of High
Implied Volatility (Later in this guide, we will teach you a strategy to pro/it in
periods of low IV as well).
Think about a professional hitter in the Major Leagues. He may get on base by
swinging at a pitch that’s out of the strike zone. But, the best hitters in baseball,
wait for THEIR pitch, take a good swing, and get on base consistently.
We are not home run hitters! We want to consistently hit singles and doubles.
Sometimes we may go through a “slump”, but we can’t get discouraged. As long as
we stay mechanical with our trading, the probabilities will play out in our favor
over time.
member
9
“ Wethecreated a custom indicator to help you determine
level of Implied Volatility, for each symbol you
trade, in a matter of seconds.
”
Implied Volatility Percentile (IV%) - Measures the percentage of days that a
symbol’s IV was lower than it’s current level over the previous 252 trading days.
(Yellow Line)
Implied Volatility Rank (IVR) - Implied Volatility average, compared to it’s

yearly high and low. (Green Line)
Now, don’t let the jargon confuse you. While the underlying calculations may be
complex, we have simpli/ied it with the NavigationTrading IV Indicator.
So, how do we determine if IV is high?
We created a custom indicator to help you determine the level of Implied

Volatility, for each symbol you trade, in a matter of seconds.
The NavigationTrading IV Indicator consists of two plotted lines (See chart

below):
Here’s how it works:
1) We draw a “line in the sand” at the 50% level
2) If EITHER the Green or Yellow line are above 50, we consider that High IV
3) If BOTH lines are below 50, we consider that Low IV
That’s it! Pretty simple, right?
10
NavigationTrading IV Indicator
The NavigationTrading IV Indicator

Click below to get the indicator now!
Get Instant Access
member
Now that we have determined if our symbol of choice has High IV or Low IV, the
remainder of this guide is all about Rule #3 – Choosing the correct strategy!
11
Pro Membership
Receive LIVE Trade Alerts Via Email And Text Message
Plus V.I.P. Video Course Training
Special 30 Day Trial For New Members!

Get Full Access To Pro Membership For Just $14
https://navigationtrading.com/
pro-trial
Get Instant Access
"Look over our shoulder" as we place LIVE Our professional training includes step-by-
trades in our own brokerage account. Every step instructions for trading strategies used
trade is posted in your Personal Member's by successful Hedge Funds, Floor Traders &
Page...winners AND losers Market Makers
✓ Trade alerts via SMS text message & email ✓ Iron Condor Strategy
✓ 5-10 trade alerts per week ✓ Short Strangle/Straddle Strategy
✓ Speci/ic trade entries ✓ Calendar Spread Strategy
✓ Speci/ic trade exits ✓ Butter/ly Spread Strategy
✓ Speci/ic trade adjustments ✓ Directional Strategies
✓ Weekly Video Updates to review all trades ✓ Options on Futures
✓ Access to view our current portfolio ✓ Earnings Announcement Trading Strategies
✓ Full performance statistics on all trades ✓ MoneyFlow Trading Strategies
✓ Unlimited email support ✓ Option Assignment
✓ Trading Options for Weekly Income
✓ Iron Duck Strategy
12
Trading Options For Income:
Options Basics
Learn To Create A Consistent Monthly Income
Trading Options
GET IT NOW FOR FREE! (COURSE VALUE $495)

https://navigationtrading.com/trading-
Getoptions-for-income
Instant Access
Here’s what’s included with the course:
✓ The NavigationTrading Implied Volatility Indicator - Load it directly to

your trading platform! - This is the only indicator you need to make
pro/itable trades
✓ The NavigationTrading Ultimate Strategy Watch List - The most
pro/itable symbols to trade...AND which ones to avoid!
✓ Learn our top 5 core trading strategies for consistent monthly income
✓ Learn to make money trading 15 minutes per day. You DO NOT have to be
glued to your computer screen all day
✓ Learn how to make money on trades if the market goes UP, DOWN or
SIDEWAYS
✓ How to set up your trading platform, so you can trade like a PRO
✓ Students of our course can get a reduced commission rate at a top
rated options broker
✓ 2 hours of professionally edited videos in, 20 easy to follow lessons
✓ Unlimited email support from the instructor and his trading team
13
NEUTRAL Strategies
HIGH Implied Volatility
The following strategies can be used when you think the
price of the underlying symbol will STAY IN A RANGE
AND
Implied Volatility Percentile (IV%) is OVER 50
14
IRON CONDOR
Market Implied Optimal Profit Downside Upside Probability
Assumption Volatility Timeframe Target Risk Risk of Profit (POP)
Neutral High 30-60 DTE 30-50% of Defined Defined 60%+

Max Profit
Trade Setup
Sell One OTM Call; 20 Delta
Buy One Further OTM Call (See Iron Condor Watch List for “Wing Width”)
Sell One OTM Put; 20 Delta

Buy One Further OTM Put (See Iron Condor Watch List for “Wing Width”)
+
Pro/it/Loss
Long Put Strike Long Call Strike
Short Put Strike Short Call Strike

-
Time Decay (Theta) POSITIVELY impacts this position
This strategy is eligible to trade in an IRA
15
How I Make Consistent
Returns Trading Options
Trading Iron Condors
https://navigationtrading.com/15-
Clickpercent-course
To Learn More
✓ The NavigationTrading Implied Volatility Indicator - Load it directly to your trading

platform! - This is the only indicator you need to make pro/itable trades
✓ The NavigationTrading Ultimate Strategy Watch List - The most pro/itable symbols
to trade...AND which ones to avoid!
✓ The Iron Condor Cheat Sheet – A printable 7 step guide to placing your trades
✓ How to place high probability Iron Condors, that win over 85% of the time
✓ Learn to make money trading 15 minutes per day. You DO NOT have to be glued to
your computer screen all day
✓ Learn how to make money on trades if the market goes UP, DOWN or SIDEWAYS
✓ How to open and close winning trades. And, most importantly, how to /ix a trade
that goes bad
✓ A little know trick to learn your Probability of Pro/it, before you even enter the trade
✓ Students of the course can get a reduced commission rate at a top rated options
broker
✓ 3.5 hours of professionally edited videos in, 29 easy to follow lessons
16
IRON CONDOR WATCH LIST
Index/ETFs (Width of Wings)
SPY – S&P 500 (3 points) EWW – Mexico (3 points)
SPX – S&P 500 (30 points) FXI – China Large Cap (3 points)
QQQ – Nasdaq (3 points) EEM – Emerging Markets (3 points)
NDX – Nasdaq (30 points) EFA – EAFE ETF (3 points)
IWM – Russell 2000 (3 points) EWZ – Brazil (3 points)
RUT – Russell 2000 (30 points) XLE – Energy ETF (3 points)
DIA – Dow (3 points) XLU – Utilities ETF (3 points)
TLT – 20+ year bond (3 points) XLF – Financials ETF (3 points)
FXE – Euro Currency (3 points) XOP – Oil & Gas ETF (3 points)
GLD – Gold (3 points) GDXJ – Junior Gold Miners (3 points)
SMH – Semiconductor (3 points) IYR – Real Estate ETF (3 points)
USO – US Oil Fund (3 points) OIH – Oil Services ETF (3 points)
GDX – Gold Miners (3 points) XLV – Health Care ETF (3 points)
SLV – Silver (3 points) XRT – SPDR S&P Retail (3 points)
XBI – SPDR S&P Biotech (3 points) XLI – Industrial Select Sector SPDR Fund (3 points)
KRE – SPDR KBW Regional Banking (3 points) XLP – Consumer Staples Select Sect. SPDR (3 points)

Futures (width of wings)
/ES – S&P 500 (15 points) /6E – Euro (.01 points)
/ZB – 30 year bond (2 points) /ZS – Soybeans (10 points)
/CL – Crude Oil (1 point) /ZC – Corn (5 points)
/GC – Gold (10 points) /ZW – Wheat (10 points)
/NG – Nat Gas (.1 points) /6B – British Pound (.02 points)
17
Stocks (Width of Wings)
AAPL – Apple (10 points) MCD – McDonald’s (5 points)
ADBE – Adobe (10 points) NVDA – NVIDIA (10 points)
BA – Boeing (15 points) V – Visa (5 points)
BABA – Alibaba (10 points) NFLX – Netflix (20 points)
CAT - Caterpillar (10 points) GOOG – Alphabet (50 points)
BIDU - Baidu (10 points) TSLA – Tesla (10 points)
HD – Home Depo (5 points) FB – Facebook (5 points)
IBM (5 points) COST – Costco (10 points)
JNJ – Johnson & Johnson (5 points) AMZN – Amazon (10 points)
MA – MasterCard (10 points) GS – Goldman Sachs (10 points)
IRON CONDOR OPTIMAL EXITS

Percent of Max Profit Days In The Trade
10% 4
20% 7
30% 12
40% 17
50% 22
60% 27
70% 31
80% 35
90% 40
100% Expiration
18
BUTTERFLY SPREAD
Neutral High 30-60 DTE 15-25% of Defined Defined 35-50%

Debit Paid
Trade Setup
Buy One ITM Call (Width of Long Call should exceed expected move)
Sell 2 ATM Calls
Buy One OTM Call (Width of Long Call should exceed expected move)
You can use either ALL Calls, or ALL Puts
+
Pro/it/Loss
Long Strike Long Strike
Short Strike
-
19
Trading Butterfly Spreads
For Income
Trading Butter/ly Spreads
Click Below To Learn More
Learn More
butterfly-spread

✓ How to place high probability Butter/ly Spreads, that win over 75% of the time
that goes bad
✓ Lots of real life examples…using my own money
broker
20
BUTTERFLY WATCH LIST
Index/ETFs Futures
SPY – S&P 500 /ES – S&P 500
SPX – S&P 500 /ZB – 30 year bond
QQQ – Nasdaq /CL – Crude Oil
NDX – Nasdaq /GC – Gold
IWM – Russell 2000 /NG – Natural Gas
RUT – Russell 2000 /6E – Euro Currency
DIA – Dow /6B – British Pound
TLT – 20+ year bond /ZS – Soybeans
FXE – Euro Currency /ZC – Corn
GLD – Gold /ZW – Wheat
SMH – Semiconductor
BUTTERFLY WATCH LIST

Stocks
AAPL – Apple MCD – McDonald’s
ADBE – Adobe NVDA – NVIDIA
BA – Boeing V – Visa
BABA – Alibaba NFLX – Netflix
CAT - Caterpillar GOOG – Alphabet
BIDU - Baidu TSLA – Tesla
HD – Home Depo FB – Facebook
IBM COST – Costco
JNJ – Johnson & Johnson AMZN – Amazon
MA – MasterCard GS – Goldman Sachs
21
SHORT STRANGLE
Assumption Volatility Timeframe Target Risk Risk of Profit
Neutral High 30-60 DTE 30-50% of Undefined Undefined 70%+

Max Profit
Trade Setup
Sell One OTM Call; 15-20 Delta
Sell One OTM Put; 15-20 Delta

+
Pro/it/Loss
Short Put Strike Short Call Strike

-
This strategy must be traded in a margin account
22
How To Maximize Your Profits
Trading Options
Trading Short Strangles

Learn More
strangles-course

✓ How to place high probability Strangles, that win over 90% of the time
✓ Learn how to make money on trades if the market goes UP, DOWN or SIDE-WAYS
that goes bad
broker
✓ 2 hours of professionally edited videos in, 28 easy to follow lessons
23
STRANGLE OPTIMAL EXITS
10% 3
20% 6
30% 10
40% 15
50% 19
60% 24
70% 28
80% 32
90% 35
100% Expiration
STRANGLE WATCH LIST

Index/ETFs
SPY – S&P 500 GDX – Gold Miners XLU – Utilities ETF
SPX – S&P 500 SLV – Silver XLF – Financials ETF
QQQ – Nasdaq SMH - Semiconductor XOP – Oil & Gas ETF
NDX – Nasdaq XBI - SPDR S&P Biotech IYR – Real Estate ETF
IWM – Russell 2000 GDXJ – Junior Gold Miners OIH – Oil Services ETF
RUT – Russell 2000 EWW – Mexico XLV – Health Care ETF
DIA – Dow FXI – China Large Cap XRT – SPDR S&P Retail
TLT – 20+ year bond EEM – Emerging Markets XLI - Industrial Select Sector SPDR Fund
FXE – Euro Currency EFA – EAFE ETF XLP – Consumer Staples Select Sect. SPDR
GLD – Gold EWZ - Brazil KRE - SPDR KBW Regional Banking
USO – US Oil Fund XLE – Energy ETF
24
STRANGLE WATCH LIST
Futures
/ES – S&P 500

/ZB – 30 year bonds
/CL – Crude Oil
/GC – Gold
/NG – Natural Gas
/6E – Euro Currency
/6B – British Pound

/ZS – Soybeans
/ZC – Corn
/ZW – Wheat
/ZN – 10 year notes
25
STRANGLE WATCH LIST
Stocks
AAPL – Apple DIS – Disney
ADBE – Adobe EBAY
BA – Boeing FDX – FedEx
BABA – Alibaba JPM – J.P. Morgan
CAT - Caterpillar M – Macy’s
BIDU - Baidu NFLX – Netflix
HD – Home Depo GOOG – Alphabet
IBM TSLA – Tesla
JNJ – Johnson & Johnson FB – Facebook
MA – MasterCard COST – Costco
MCD – MacDonald’s AMZN – Amazon
NVDA – NVIDIA ORCL – Oracle
V – Visa SBUX – Starbucks
GS – Goldman Sachs TGT – Target
AMD – Advanced Micro Devices TWTR – Twitter
BBY – Best Buy X – U.S. Steel
C – Citigroup MS – Morgan Stanley
CSX – NASDAQ DAL – Delta Air Lines
CVS
26
SHORT STRADDLE
Neutral High 30-60 DTE 25% of Undefined Undefined Approximately

Max Profit 55%
Trade Setup
Sell One ATM Call
Sell One ATM Put

+
Pro/it/Loss
Short Call Strike
Short Put Strike

-
27
STRADDLE WATCH LIST
ETFs
SPY – S&P 500 EWW – Mexico
SPX – S&P 500 FXI – China Large Cap
QQQ – Nasdaq EEM – Emerging Markets
NDX – Nasdaq EFA – EAFE ETF
IWM – Russell 2000 EWZ - Brazil
RUT – Russell 2000 XLE – Energy ETF
DIA – Dow XLU – Utilities ETF
TLT – 20+ year bond XLF – Financials ETF
FXE – Euro Currency XOP – Oil & Gas ETF
GLD – Gold GDXJ – Junior Gold Miners
XRT – Retail ETF XBI – Biotech ETF
STRADDLE WATCH LIST

Futures
/ES – S&P 500
/ZB – 30 year bonds
/CL – Crude Oil
/GC – Gold
/NG – Natural Gas
/ZS – Soybeans
/ZC – Corn
/ZW – Wheat
/ZN – 10 Year Notes
28
STRADDLE WATCH LIST
Stocks
AAPL – Apple HD – Home Depot
NFLX – Netflix MSFT - Microsoft

GOOG – Alphabet ORCL - Oracle
TSLA – Tesla HPQ - HP
FB – Facebook BKNG – Booking Holdings
COST – Costco TSLA - Tesla
AMZN – Amazon TWTR - Twitter

GS – Goldman Sachs UAL – United Continental
IBM WFM – Whole Foods
SBUX - Starbucks X – US Steel
BA - Boeing XOM - Exxon Mobil
BABA - Alibaba YHOO - Yahoo
BIDU - BAIDU DIS - Disney
C - Citigroup GG – Gold Corp
CAT - Caterpillar GM – General Motors
EBAY RIG - Transocean

FCX – Freeport-McMoRan GG - Goldcorp
29
STRANGLE OPTIMAL EXITS
10% 10
20% 16
30% 23
40% 30
50% 35
60% 41
70% Expiration
30
NEUTRAL Strategies
Low Implied Volatility
AND
Implied Volatility Percentile (IV%) is UNDER 50
31
CALENDAR SPREAD
Neutral Low See Trade 15-25% of Defined Defined 35-50%

Setup debit paid
Below
Trade Setup
Sell One ATM Put; 30-45 DTE
Buy One ATM Put; 58-80 DTE

(You can use either ALL Puts or ALL Calls)
+
Pro/it/Loss
Short Strike
Long Strike
-
32
Trading Calendar Spreads
For Income
Trading Calendar Spreads

Learn More
calendar-spread

✓ How to place high probability Calendar Spreads, that win over 75% of the time
that goes bad
broker
33
CALENDAR SPREAD WATCH LIST
ETFs
SPY – S&P 500 DIA – Dow
SPX – S&P 500 TLT – 20+ year bond
QQQ – Nasdaq FXE – Euro Currency
NDX – Nasdaq GLD – Gold
IWM – Russell 2000 IYR – Real Estate
RUT – Russell 2000 SMH – Semiconductor
CALENDAR SPREAD WATCH LIST

Stocks
AAPL – Apple MCD – McDonald’s
ADBE – Adobe NVDA – NVIDIA
BA –Boeing V – Visa
BABA – Alibaba NFLX – Netflix
CAT - Caterpillar GOOG – Alphabet
BIDU – Baidu TSLA – Tesla
HD – Home Depo FB – Facebook
IBM COST – Costco
JNJ – Johnson & Johnson AMZN – Amazon
MA – MasterCard GS – Goldman Sachs
34
NEUTRAL Strategies
High or Low Implied
Volatility
35
IRON DUCK OPTIONS SPREAD
Neutral High or 1-21 days expiration Defined Defined 85%+

Low
Trade Setup
Sell One Call; 65 Delta
Buy One Call; One Strike Higher
Sell One Put; 15 Delta
Buy One Put; 10 Delta
+
long call
Pro/it/Loss
short put short call
long put
-
36
REVERSE IRON DUCK
Neutral High or 1-21 days expiration Defined Defined 85%+

Low
Trade Setup
Sell One Put; 65 Delta
Buy One Put; One Strike Lower
Sell One Call; 15 Delta
Buy One Call; 10 Delta
+
long put
Pro/it/Loss
short put short call
long call
-
37
The Iron Duck Options Spread
Trading Iron Duck Options Spreads

iron-duck-course
Learn More

✓ How we structure trades to make money over 90% of the time
✓ How to pro/it whether the market goes UP, DOWN, or SIDEWAYS
✓ The one “special tweak” to eliminate risk to one side of the trade
✓ Our favorite setup to maximize pro/its each week
✓ The most pro/itable symbols to trade … and which ones to avoid
✓ How to make consistent pro/its without any trade adjustments
✓ How we keep a short bias in the market, but eliminate upside risk
✓ The best way to trade this strategy in a small account
✓ Step-by-step “Cheat Sheet” so you always enter the trade correctly
broker
38
IRON DUCK WATCH LIST
Index & ETFs
SPX – S&P 500 DIA – Dow
RUT – Russell 2000 QQQ – Nasdaq
NDX – Nasdaq IWM – Russell 2000
SPY – S&P 500

Stocks
AAPL – Apple HD – Home Depot
ADBE – Adobe LMT – Lockheed Martin Corp.
BA – Boeing MA – MasterCard
BIIB – Biogen MCD – McDonald’s
BKNG – Booking NFLX – Netflix
CMG – Chipotle Mexican Grill SHOP – Shopify
COST – Costco TSLA – Tesla
GOOG – Alphabet ULTA – Ulta Beauty
GS – Goldman Sachs Group UNH – UnitedHealth
AMZN – Amazon ROKU - Roku Inc.
39
Futures
/ES – S&P 500
/NQ – Nasdaq
/ZB – 30 Year Bonds
/ZN – 10 Year Notes
/CL – Crude Oil
/NG – Natural Gas
/GC – Gold
/6B – British Pound
/ZS – Soybeans
/ZW – Wheat
/ZC – Corn
40
BULLISH Strategies
price of the underlying symbol will go UP
AND
41
Winning Option Strategies
For Any Market
Your Edge For Directional Trading
Clickdirectional-course
To Learn More
✓ The NavigationTrading Implied Volatility Indicator – Load it directly onto

your trading platform!
✓ Learn to make money trading 15 minutes per day. You DO NOT have to
be glued to your computer screen
✓ Learn how to make money on trades if the market goes UP, DOWN or
SIDEWAYS
✓ How to place High Probability Trades, that win in Bull or Bear markets
✓ Core strategies to maximize pro/its, and minimize losses
✓ A little known trick to learn your Probability of Pro/it, before you even
enter the trade...
✓ Lots of real life trade examples…step by step...using REAL MONEY
✓ Students of our course can get a reduced commission rate at a top rated
options broker
✓ 1.5 hours of professionally edited videos, in 20 easy to follow sections
✓ Don’t forget to check out the BONUS Section at the end of the course to
learn about NavigationALERTS
✓ 30 Day Money Back “No Questions Asked” Guarantee
42
COVERED CALL (COVERED STOCK)
Bullish High 30-60 DTE 15-50% of Stock Could None 55%+

Max Profit Go To Zero
Trade Setup
Buy 100 Shares of Stock; Sell One 30 Delta Call
+
Pro/it/Loss
Strike Price
-
43
“POOR MAN’S” COVERED CALL
Bullish High See Trade 25-50% of Defined None 55%+

Setup Below Max Profit
Trade Setup
Buy One ITM Call; 80-90 Delta; 80+ DTE
Sell One OTM Call; 30 Delta; 30-60 DTE
Break Even
Pro/it/Loss
Long Price
Short Strike
-
Time Decay (Theta) can be POSITIVE when price is

higher than break-even point
Time Decay (Theta) can be NEGATIVE when price is

lower than break-even point
44
SHORT PUT VERTICAL
Bullish High 30-60 DTE 25-50% of Defined None 65%+

Max Profit
Trade Setup
Sell One OTM Put (30-45 Delta); Buy One Further OTM Put (10-25 Delta)
Break Even
Pro/it/Loss
Long Strike
Short Strike
-


45
SHORT NAKED PUT
Bullish High 30-60 DTE 25-50% of Stock Could None 70%+

Max Profit Go To Zero
Trade Setup
Sell One OTM Put; 30 Delta
+
Pro/it/Loss
Strike Price
-
46
BULLISH Strategies
Low Implied Volatility
price of the underlying symbol will go UP
AND
47
LONG STOCK
Bullish High or N/A 25-50% of Stock Could None 50%

Low Debit Paid Go To Zero
Trade Setup
Buy 100 Shares of Stock
+
Pro/it/Loss
-
Time Decay (Theta) does not impact this position
48
LONG CALL
Bullish Low 30-60 DTE 25-50% of Defined None Under 50%

Max Profit
Trade Setup
Buy One ITM Call; 80-90 Delta
+
Pro/it/Loss
Long Strike
-
Time Decay (Theta) NEGATIVELY impacts this position
49
LONG CALL VERTICAL
Bullish Low 30-60 DTE 25-50% of Defined None Approximately

Approximately
50%
Max Profit 50%
Trade Setup
Buy One ITM Call (55-85 Delta); Sell One OTM Call (15-45 Delta)
(Select Strikes with similar distance from current stock price)
Break-even
+
Pro/it/Loss
Long Strike
Short Strike
-


50
BEARISH Strategies
price of the underlying symbol will go DOWN
AND
51
COVERED PUT (SHORT COVERED STOCK)
Market Implied Optimal Profit Downside
Downside Upside
Upside Probability
Assumption Volatility Timeframe Target Risk
Risk Risk
Risk of Profit (POP)
Bearish
Bullish High
Low 30-60 DTE 25-50% of Defined
None Undefined
None Approximately
55%+
50%
Max
DebitProfit
Paid
Trade Setup
Sell (Short) 100 Shares of Stock
Sell One 30 Delta Put
+
Pro/it/Loss
Strike Price
-
52
“POOR MAN’S” COVERED PUT
(POP)
Bearish High See Trade 25-50% of None Undefined 55%+

Setup Max Profit
Below
Trade Setup
Buy One ITM Put; 80-90 Delta; 80+ DTE
Sell One OTM Put; 30 Delta; 30-60 DTE
Break-even
+
Pro/it/Loss
Long Strike
Short Strike
-


53
SHORT CALL VERTICAL
(POP)
Bearish High 30-60 DTE 25-50% of None Defined 65%+
Debit Paid
Trade Setup
Sell One OTM Call (30-40 Delta)
Buy One Further OTM Call (10-20 Delta)
+
Break-even
Pro/it/Loss
Long Strike
Short Strike
-


54
SHORT NAKED CALL
(POP)
Bearish High 30-60 DTE 25-50% of None Undefined 70%+
Debit Paid
Trade Setup
Sell One OTM Call; 30 Delta
+
Pro/it/Loss
Strike Price
-
55
BEARISH Strategies
LOW Implied Volatility
price of the underlying symbol will go DOWN
AND
56
SHORT STOCK
(POP)
Bearish N/A N/A 25-50% of None Undefined 50%
Debit Paid
Trade Setup
Sell (Short) 100 Shares of Stock
+
Pro/it/Loss
-
Time Decay (Theta) does not impact this position
57
LONG PUT
(POP)
Bearish Low 30-60 DTE 25-50% of None Amount of Under
Debit Paid Debit Paid 50%
Trade Setup
Buy One ITM Put; 80-90 Delta
+
Pro/it/Loss
Long Strike
Break-Even
-
Time Decay (Theta) NEGATIVELY impacts this position
58
LONG PUT VERTICAL
Bearish Low 30-60 25-50% None Amount of Approximately

DTE Debit Paid 50%
Trade Setup
Buy One ITM Put; Sell One OTM Put
+
Pro/it/Loss
Long Strike
Short Strike
Break-Even
-


59
◾
POSITION SIZING
The size of our trades relative to the amount of capital in our trading account is critical to
success as a trader. I cannot emphasize this enough. The difference between a successful
trader, and a losing trader can be de/ined by the size of the trade relative to your account
value. If you trade too large for your account, it is just a matter of time that you will suffer
a signi/icant loss that cripples your account.
Every day when the market opens, it presents new trading opportunities. As a newer
trader, you may initially suffer from a common trader condition called FOMOOT –
Fear Of Missing Out On Trades. If the condition isn’t cared for, it could be detrimental
to your trading career!
Trading is all about math, and letting the probabilities play out in your favor. If you
trade too big, and suffer a major loss in your account, the probabilities will never play
out.
Here are some rules to follow so you can live to trade another day:
5% Rule – Don’t allocate more than 5% of your trading capital to any one
position. Preferably much less. We typically use less than 1% of capital per trade.
50% Rule – Don’t allocate more than 50% of your total account value to ALL
trades. Remember, options use leverage. We can earn a signi/icant return with less
capital at risk. We typically use much less than 50% of our capital, so that when IV
spikes to high levels, we have the capital available to take advantage of the
opportunity.
TRUE DIVERSIFICATION
Many “Investment Experts” say that portfolio diversi/ication can reduce risk. While
this is true, their interpretation of diversi/ication is much different than ours. They
conclude that having a variety of LONG stocks, bonds and cash as being diversi/ied.
How does that type of “diversi/ication” hold up in periods of a market meltdown like
we saw in 2008? If you were invested in a 401k or any type of mutual fund portfolio
at the time, you most likely saw losses of 20% in a very conservative portfolio, all the
way up to 60%+ losses in a more stock heavy allocation.
60
The problem with this traditional diversi/ication methodology is that when panic
enters the market place, all of those so called “diversi/ied assets” become extremely
correlated. So, you basically have a diversi/ied allocation when markets are moving
up - when you need it the least. But, when the market moves down quickly, the assets
become extremely correlated, and less diversi/ied - when you need it the most.
Let’s take a look at the 5 ways to create TRUE DIVERSIFICATION that actually reduces
risk in all market environments:
1) Diversify Your Symbols – Allocate your trades among multiple different stocks,
ETFs, Futures and Indices. Many stocks and indexes move together.
2) Diversify Your Asset Classes – Utilize uncorrelated assets such as stocks,

bonds, gold, oil, natural gas, currencies, grains etc.
3) Diversify Your Strategy – Use a mix of the different strategies we teach.
• Bullish Strategies
• Bearish Strategies
• Delta Neutral Strategies
• High IV Strategies
• Low IV Strategies
• Unde/ined Risk Strategies
• De/ined Risk Strategies
4) Diversify Your Time - Allocate your trades over a period of time. If you plan to
place 10 trades, instead of placing them all in one day, spread them out over
several days or weeks. So, as the markets move, you can be positioned over
different prices and market environments.
5) Diversify Your Entry Price – Allocate your trades across different prices. If you
plan to enter a trade with 20 contracts. Consider /irst entering with 5. Wait for
price to move a bit, then enter another 5. Continue entering trades until you
have on the total intended position size.
61
Pro Membership
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Plus V.I.P. Video Course Training
Special 30 Day Trial For New Members!

Get Full Access To Pro Membership For Just $14
pro-trial
Get Instant Access
"Look over our shoulder" as we place LIVE Our professional training includes step-by-
trades in our own brokerage account. Every step instructions for trading strategies used
trade is posted in your Personal Member's by successful Hedge Funds, Floor Traders &
Page...winners AND losers Market Makers
✓ Trade alerts via SMS text message & email ✓ Iron Condor Strategy
✓ 5-10 trade alerts per week ✓ Short Strangle/Straddle Strategy
✓ Speci/ic trade entries ✓ Calendar Spread Strategy
✓ Speci/ic trade exits ✓ Butter/ly Spread Strategy
✓ Speci/ic trade adjustments ✓ Directional Strategies
✓ Weekly Video Updates to review all trades ✓ Options on Futures
✓ Access to view our current portfolio ✓ Earnings Announcement Trading Strategies
✓ Full performance statistics on all trades ✓ MoneyFlow Trading Strategies
✓ Unlimited email support ✓ Option Assignment
62
OPTIONS TERMINOLOGY
Option – A contract that gives the holder the right to buy or sell the underlying
symbol at a speci/ied price for a speci/ic period of time.
Call Option – An option contract that gives the holder the right to buy the
underlying symbol at a speci/ied price for a speci/ic period of time.
Put Option – An option contract that gives the holder the right to sell the underlying
symbol at a speci/ied price for a speci/ic period of time.
Long – Buying a stock or option. You may buy to open OR close a position.
Short – Selling a stock or option. You may Sell to open OR close a position.
Strike Price – Speci/ic price that a symbol can be purchased (Call) or sold (Put) by
the option holder upon exercise of the option contract.
At-The-Money (ATM) – An option is considered ATM when the stock price is equal
to (or near) the strike price.
In-The-Money (ITM) – An option is considered ITM when the stock price is above
the strike price (Call Option), or below the strike price (Put Option).
Out-of-The-Money (OTM) – An options is considered OTM when the stock price is

below the strike price (Call Option), or above the strike price (Put Option).
Theta – One of the four primary Option Greeks. A theoretical value that refers to the
decay of an option as time passes.
Days To Expiration (DTE) – Number of days until an option contract expires.
Optimal Time Frame – The desired number of Days to Expiration that we like to
enter trades. Typically 30-60 DTE.
Implied Volatility (IV) – The estimated volatility (movement) of a symbol’s price.
63
Implied Volatility Percentile (IV%) – Percentage of days that a symbol’s Implied
Volatility was lower than it’s current level over the previous 252 trading days.
Implied Volatility Rank (IVR) – Implied Volatility average, compared to it’s

yearly high and low.
Delta – One of the four primary Option Greeks. A theoretical value that refers to
the probability of an option expiring In-The-Money (ITM). At NavigationTrading,
we also use Delta as a measure of our overall portfolio direction compared to the
S&P 500.
Probability of ProYit (POP) – The percentage of time that a strategy will earn a
pro/it at expiration.
Return on Capital (ROC) – Displayed as a percentage. Your total pro/it, divided by

the amount of money used to place a trade.
Premium – The value of the option. When you sell options, the option Premium is
the amount collected.
Wing Width – Refers to the distance between your short strike and long strike
when trading a spread strategy.
Margin – In options trading “Margin” can refer to an amount of trading capital

available to place a trade. Also, certain option strategies require you to trade in a
“margin” account.
ProYit Target – A predetermined point that a trader will exit a pro/itable trade.
Market Assumption – Your assumption of how the market will move in the near
future. The market can move UP, DOWN or SIDEWAYS (stay in a range).
64

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Copyright & Legal Disclosures.............................................................................................. 4

Examples presented on Company’s website including video tutorials, indicators,

At NavigationTrading, our methodology is based on statistics and

It’s impossible to win on every

If the probabilities are IN YOUR

How would that feel? Pretty good right?

Let’s get started!

The Ultimate Strategy Watch List

Click below to get the watch list now!

FromThe Ultimate Strategy Watch List,

Implied Volatility (IV) is our “Edge” for

Implied Volatility Rank (IVR) - Implied Volatility average, compared to it’s

So, how do we determine if IV is high?

We created a custom indicator to help you determine the level of Implied

The NavigationTrading IV Indicator consists of two plotted lines (See chart

Here’s how it works:

1) We draw a “line in the sand” at the 50% level

3) If BOTH lines are below 50, we consider that Low IV

That’s it! Pretty simple, right?

The NavigationTrading IV Indicator

Special 30 Day Trial For New Members!

✓ 5-10 trade alerts per week ✓ Short Strangle/Straddle Strategy

✓ Speci/ic trade entries ✓ Calendar Spread Strategy

✓ Speci/ic trade exits ✓ Butter/ly Spread Strategy

✓ Speci/ic trade adjustments ✓ Directional Strategies

✓ Weekly Video Updates to review all trades ✓ Options on Futures

✓ Access to view our current portfolio ✓ Earnings Announcement Trading Strategies

✓ Full performance statistics on all trades ✓ MoneyFlow Trading Strategies

✓ Unlimited email support ✓ Option Assignment

✓ Trading Options for Weekly Income

✓ Iron Duck Strategy

GET IT NOW FOR FREE! (COURSE VALUE $495)

✓ The NavigationTrading Implied Volatility Indicator - Load it directly to

Neutral High 30-60 DTE 30-50% of Defined Defined 60%+

Sell One OTM Put; 20 Delta

Long Put Strike Long Call Strike

Short Put Strike Short Call Strike

Time Decay (Theta) POSITIVELY impacts this position

This strategy is eligible to trade in an IRA

✓ The NavigationTrading Implied Volatility Indicator - Load it directly to your trading

✓ 3.5 hours of professionally edited videos in, 29 easy to follow lessons

SPY – S&P 500 (3 points) EWW – Mexico (3 points)

QQQ – Nasdaq (3 points) EEM – Emerging Markets (3 points)

NDX – Nasdaq (30 points) EFA – EAFE ETF (3 points)

IWM – Russell 2000 (3 points) EWZ – Brazil (3 points)

RUT – Russell 2000 (30 points) XLE – Energy ETF (3 points)

DIA – Dow (3 points) XLU – Utilities ETF (3 points)

TLT – 20+ year bond (3 points) XLF – Financials ETF (3 points)

GLD – Gold (3 points) GDXJ – Junior Gold Miners (3 points)

SMH – Semiconductor (3 points) IYR – Real Estate ETF (3 points)

USO – US Oil Fund (3 points) OIH – Oil Services ETF (3 points)

GDX – Gold Miners (3 points) XLV – Health Care ETF (3 points)

SLV – Silver (3 points) XRT – SPDR S&P Retail (3 points)

IRON CONDOR WATCH LIST

/ES – S&P 500 (15 points) /6E – Euro (.01 points)

/ZB – 30 year bond (2 points) /ZS – Soybeans (10 points)

/CL – Crude Oil (1 point) /ZC – Corn (5 points)

/GC – Gold (10 points) /ZW – Wheat (10 points)

AAPL – Apple (10 points) MCD – McDonald’s (5 points)

ADBE – Adobe (10 points) NVDA – NVIDIA (10 points)

BA – Boeing (15 points) V – Visa (5 points)

BABA – Alibaba (10 points) NFLX – Netflix (20 points)

CAT - Caterpillar (10 points) GOOG – Alphabet (50 points)

The Trader Hacker's Ultimate Playbook

The Trader Hacker's Ultimate Playbook