The Adjustment Club The Adjustment Clubby Michael Wade Trade Coaching

The club is back.
This time, live.

Join Mike Wade & Joe Contes for the Live Adjustment Course — all 17 plays from The Options Adjustment Playbook, taught in real time, on real trades, with your questions answered on the spot.

Free · No obligation · The waitlist gets the schedule and early-bird pricing first

Next Live Cohort Live
January 20, 2027
Wednesday · Kickoff Session
Days
Hours
Min
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Limited seats · Waitlist hears everything first

17 named plays 7 live sessions Recordings included
17Named adjustments
7Live sessions
50+Combined years trading
1,000sTraders coached
R.S.V.P. — Priority List
Get your name on the list
before the doors open.

Seats for the January 20, 2027 cohort will be limited. The waitlist hears everything first — the class schedule, the pricing, and the first invitation to enroll.

You’re on the list.

THE LIVE ADJUSTMENT COURSE — JANUARY 20, 2027

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No spam. Only launch news, the class schedule, and your early-bird invitation. Unsubscribe anytime.

No. 01 — The Return

First the club.
Then the book.
Now — live again.

Before the book, before the online course, the Adjustment Club was a live class. Mike and Joe, real positions, real adjustments — week after week, in front of a room of traders. That class became The Options Adjustment Playbook, and later, the Adjustment Club Online Course.

On January 20, 2027, it returns to where it started: live sessions, live markets, live answers — carrying everything Mike and Joe have refined since the first cohort walked the floor.

Same seventeen plays. This time, you’re on the floor.
No. 02 — Why Live

Recordings teach the moves.
Live teaches the timing.

A recording shows you what was done. A live room lets you ask why, when, and what next — while the trade is still moving.

01

Ask while it happens

Stuck on a Greek? Unsure which play fits your position? Ask — and get the answer before the market closes, not in a comment thread.

02

Today’s market, not archives

Every adjustment demonstrated on live positions, in this week’s volatility, headlines and tape.

03

Watch the risk graph move

Entry, pressure, adjustment, outcome — the whole sequence unfolding in real time, side by side on the risk graph.

04

Nothing is lost

Every session recorded and transcribed. Miss a night and you keep pace with the cohort.

No. 03 — The Difference

Stop hoping.
Start adjusting.

Most traders enter a position, watch the market move, and pray. These two risk graphs show exactly what changes when you know the play. Hover over either graph to inspect it.

Before adjustment risk graph
Without the plays — watching it bleed

No plan for pressure. A few unexpected moves can undo months of gains.

After adjustment risk graph
With the plays — risk contained

The same trade, adjusted. Seventeen named moves: a response for every scenario, on demand.

No. 04 — The Playbook, Live

All seventeen plays.
Made in front of you.

Each one named. Each one battle-tested. In the live course, Mike and Joe make these moves on real positions while you watch — and you can ask why, when, and what next.

IHouse Money
House Money
Profit Lock
IIPony Express
Pony Express
Trend Rotation
IIICollect the Rent
Collect the Rent
Income
IVDNA
DNA
Pressure Release
VInsurance Policy
Insurance Policy
Protection
VISpread the Spread
Spread the Spread
Structure
VIISqueeze Play
Squeeze Play
Tightening
VIIIKick the Can
Kick the Can
Time Extension
IXStretch Play
Stretch Play
Reach
XCocoon the Fly
Cocoon the Fly
Defense
XIKite String Pull
Kite String Pull
Probability Shift
XIIDouble Wide
Double Wide
Expansion
XIIIMove the Catchers Mitt
Move the Catcher’s Mitt
Repositioning
XIVThe Collar
The Collar
Stock Hedge
XVPull a Wing Off
Pull a Wing Off
Simplification
XVIFlock o Flies
Flock o’ Flies
Multi-Strike Net
XVIIFlyCal
FlyCal
Hybrid

Seventeen names. Seventeen answers. Called and executed live.

No. 05 — The Curriculum

Seven sessions.
In order.

The proven Adjustment Club curriculum — the same framework behind the book — delivered live, session by session, starting January 20, 2027.

Get the schedule first
01

Set Up — Basic Adjustments

Pony Express, Collect the Rent, DNA. The foundational moves for reducing risk and locking profit on calls, puts and straddles — with a Greeks overview so every play makes sense from night one.

02

The Adjustment Roadmap

Delta, Gamma, Vega, Theta — then the framework for managing the full adjustment process, and the Insurance Policy against directional blowouts.

03

Debit & Credit Spread Adjustments

Spread the Spread, Squeeze Play, Kick the Can — across every spread structure. Plus DNA on credit spreads to form condors and butterflies for more ROI.

04

Butterfly Adjustments

Squeeze Play, Stretch Play, Ratioing Spreads, and Cocoon the Fly — which locks profit on a winning butterfly by squeezing both wings.

05

Time Spread Adjustments

Calendar construction, IV skew risk, and three plays — Leg Puller, Move the Catcher’s Mitt, Double Wide — built for choppy, sideways markets.

06

Fine Tuning & Advanced Plays

Technical analysis as adjustment guidance. Kite String, Risk Reversals, Flock o’ Flies, FlyCal — the multi-structure plays with the widest profit windows.

07

Wrap-Up & the Path to Mastery

The full framework assembled into a clear action plan for your daily trading practice.

No. 06 — The Mindset
Adjust like a chess master —
not a gambler.

The best traders aren’t the ones with the best predictions. They’re the ones who know exactly what to do when the prediction is wrong. That’s the adjustment mindset — and it’s a learnable skill.

In the live course you don’t just memorize the pieces. You play the games — with two grandmasters standing beside the board — until calling the right adjustment becomes second nature.

No. 07 — The Coaches

Decades on the desk.
Live on yours.

Michael Wade
Author · Founder, MWTC

Michael Wade

Came up under George Fontanills and Tom Gentile at Optionetics — first as a student, then teaching beside them. Twenty-five years in, he still trades live with the community every morning. The Adjustment Club is the class he built before he wrote the book.

Joe Contes
Contributing Author · Senior Coach

Joe Contes

Co-built the original Adjustment Club with Mike — the live class that became the foundation of the playbook. Trading and teaching alongside Mike for close to twenty years. Straight about what trading actually takes.

“Mike’s one of the sharpest minds in the game. This groundbreaking book makes options adjustments accessible to traders for the first time. It’s a total game-changer.”
Tom Gentile — Co-founder of Optionetics · 23-year colleague
From the Original Club

Real members.
On the record.

Nine traders from the original Adjustment Club, in their own words. Click any video to watch.

Tony Matarrese
Penny Kunzman
Steve Schaffer
Leo Baldi
The Community — In One Word
Jim Baker
Sandy Serrano
Leilani Alesh
JDavid Magistrelli
★★★★★

“This course truly was a Ph.D. in options adjustments and trading. The drive I found in myself is still there.”

Mark Pankow
★★★★★

“A great tool not only to open a trade but to see how you could adjust an existing one. I’m loving the adjustment course.”

Nancy Warner
★★★★★

“There’s a huge amount of learning in the community rooms. People are more than willing to work through anything.”

Sandy Serrano
No. 08 — Questions

Asked and
answered.

Anything else — join the waitlist and reply to the first email. A human reads every message.

The live cohort kicks off Wednesday, January 20, 2027. Session times and the full class calendar are announced to the waitlist first, before anywhere else.
Nothing. The waitlist is free and carries zero obligation. It guarantees you hear the schedule, pricing, and enrollment news first — and locks in your early-bird invitation before doors open to the public.
Same proven seventeen-play framework — completely different experience. The online course is recorded film study at your own pace. The live course is taught in real time, on new trades, in the current market, with live Q&A after every move.
Options traders who already place trades and want to stop freezing when positions go sideways. If you understand calls, puts and spreads, you’ll follow every session. Newer traders can prepare by reading The Options Adjustment Playbook first.
Every session is recorded and transcribed, so you can catch up anytime. But the live room — the questions, the real-time decisions — is the point. Attend live whenever you can.
No — the course stands on its own. But the book and the course are built on the same seventeen plays, so reading the Playbook before January puts you ahead from day one.
Enrollment pricing is announced to the waitlist first — with early-bird pricing reserved exclusively for waitlist members. Joining costs nothing and commits you to nothing.
Save Your Seat

The room opens
January 20, 2027.

One cohort. Limited seats. The waitlist hears everything first — the schedule, the pricing, and the first invitation to enroll.

First access · Early-bird pricing · No obligation · Unsubscribe anytime

MWTC Michael Wade Trade Coaching
Jan 20, 2027  ·  The Adjustment Club — LiveJoin the Waitlist