Patience is critical when trading high gamma options.

I have been impatient too many times and learned valuable lessons. I'll go through how to approach trading options for income with high gamma.

I’ve regularly published my investing strategy on Substack, which centers around what I’ve learned from my mentor and good friend Trader Ferg.

It’s based on buying stocks at cyclical sector lows and sitting back and letting the forward-looking thesis of supply and demand fundamentals play out.

“History never repeats itself, but it does often rhyme. - Mark Twain. I see this plastered all around Fin-Twit.

Many years can pass by when these stocks do absolutely fuck all. You have to learn the art of detaching emotion from seeing nothing happen, pullbacks, and if you're really ballsy, frequently adding to these positions.

This is exactly what I did with the uranium sector over the rough years 2016-2019.

One thing that I consider the secret sauce to earning income, while you wait for improving fundamentals to a thesis, is basic options trading.

Here are the lessons I’ve learned from trading high gamma options on volatile cyclical stocks, and why gamma is an important options trading metric to be considered for the worthiness of a trade.