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Latest Trades

  • 12/12/14 NKE straddle 13.0%

  • 12/10/14 SPX calendar -7.3%

  • 12/08/14 AZO strangle 2.7%

  • 12/03/14 GES straddle -4.5%

  • 12/03/14 KR straddle 6.3%

  • 11/01/14 OVTI straddle 17.6%

  • 11/25/14 HPQ straddle-5.8%

  • 11/19/14 GMCR calendar -9.5%

  • 11/19/14 CRM calendar -7.2%

  • 11/17/14 HD straddle 5.2%

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Pinned  SteadyOptions 2014 Half Year Report: 95.3% ROI

Jul 03 2014 01:00 PM | Posted in General

In the first 6 months of 2014, SteadyOptions produced non-compounded ROI of 95.3% (based on fixed $1,000 allocation per trade). The return on the whole account is 57.2% (based on 10% per trade allocation).

We closed 84 trades. Winning ratio was 65% and average return per trade 7%. The biggest loser was 31.8% and only 5 traders have lost more than 20%. We had 6 consecutive winning months in 2014.

Check out the Performance page to see the full results. Please note that those results are based on real fills, not hypothetical performance, and exclude commissions, so your actual results will be lower.

Read Article →    4 comments    -----

Why Retail Investors Lose Money In The Stock Ma...

Dec 06 2014 12:05 AM | Posted in General

It is a well known fact that most retails traders/investors lose money in the stock market. The numbers vary from 80% to 95%, but the fact remains. There are many explanations for that phenomenon, such as: poor money management, bad timing, bad government policy, poor regulation or a poor strategy.

Personally, I'm not surprised. As an options newsletter editor, I see exactly why vast majority cannot make money consistently. I was there. Experienced it first hand.

But first things first.

Read Article →    1 comments    *****

Can We Profit From Volatility Expansion Into Ea...

Dec 04 2014 10:46 PM | Posted in General

In one of my previous articles I described a study done by tastytrade, claiming that buying premium before earnings does not work. The title of the study was "We Put The Nail In The Coffin On "Buying Premium Prior To Earnings".

​I demonstrated that their study was highly flawed, for several reasons (strikes selection, stocks selection, timing etc.)

It seems that they did now another study, claiming to get similar results.

Read Article →    5 comments    *****

How to Calculate ROI in Options Trading

Nov 29 2014 11:58 AM | Posted in General

Our readers and members know that our returns are verified by Pro-Trading-Profits, an independent third party website that tracks performance of hundreds investment newsletters. They have an excellent explanation how to analyze and compare performance of different trading systems. Here are some highlights of their article.

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Understanding Option Trading

Oct 28 2014 08:47 AM | Posted in General

An option provides the owner the right to buy or sell an asset at a pre-determined price before or on a certain date. Options are basically of two types- Calls and Puts. A call provides the right to the owner to buy an asset while a put provides the right to the owner to sell an asset. Trading options can be very profitable for the owners. However, it is important to gain a proper knowledge and understanding of the terms used in the options market. This infographic has been designed to make it easier for you to understand option trade.

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Market Neutral Strategies: Long or Short Gamma?

Oct 18 2014 04:31 PM | Posted in General

By Mark D Wolfinger

When markets are volatile, and especially when that volatility is on the downside, it costs more cash to buy your entry into the positive-gamma game because the options are more expensive. This should make sense because “everyone” wants to buy options when the possibility of a big market move has increased.

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How Position Sizing Impacts Your Returns

Sep 19 2014 02:20 PM | Posted in General

How many times did you hear from traders "I make 50% on most trades, so I can live with few 100% losers"? I guess too many. What those traders don't tell you is what impact those 100% losers have on your overall portfolio. Lets take a closer look at position sizing and why it is critical for your financial health.

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Are You Ready For The Learning Curve?

Sep 06 2014 11:27 AM | Posted in General

The newsletters industry is full of crooks. I see too many "gurus" promise to make you money with no effort, charging thousands of dollars in the process. They present some of the highest risk strategies (like trading weekly options) as "low or no risk". They make a bad name to the whole industry.

The Kirk Report is one of the few exceptions. This is a highly respected publication managed by highly dedicated editor, Charles E. Kirk. It is my pleasure to share some insights from Charles. I took the liberty to add some of my own thoughts.

Read Article →    2 comments    *****

SteadyOptions to close to new subscribers on Se...

Aug 28 2014 10:29 PM | Posted in General

To ensure the best service to our existing members, SteadyOptions will be closed to new subscribers on September 15. The current demand indicates that by September 15 we will reach our maximum number of members. If we reach our limit prior to September 15, the service will close before that date. We cannot guarantee you will still be able to sign up at any time in the next few weeks, so if you want to sign up we recommend that you do so sooner rather than later.

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Risk Reward Or Probability Of Success?

Jul 29 2014 10:22 AM | Posted in General

How many times did you hear the following claims:

"Our system has 90% success ratio".
"Our trades have 1 to 4 risk reward".

Lets examine those statements and see how you should put them in context and consider other parameters as well. We will use vertical spread strategy as an example.

Read Article →    6 comments    -----

SodaStream Insider Options Trading: Where is th...

Jul 25 2014 09:52 AM | Posted in General

Shares of SodaStream International rose by 25% in intraday trading yesterday on a Bloomberg News report that it is in talks with an investment firm to be taken private in a transaction that would value the Israeli home soda system manufacturer at $40 per share. What would you do if you knew the news are coming ahead of time?

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Buying Premium Prior To Earnings - Does It Work?

Jul 22 2014 06:03 PM | Posted in General

I got the following email today from tastytrade:

"We Put The Nail In The Coffin On "Buying Premium Prior To Earnings"
"We look at whether or not you could make money on the implied volatility expansion leading up to an earnings announcement."

Since buying pre-earnings straddles is one of our key strategies, I went to watch the segment.

Read Article →    16 comments    *****

Top 10 Mistakes New Option Traders Make

Jul 19 2014 10:25 AM | Posted in General

Option trading is not something you want to do if you just fell off the turnip truck. But when used properly, options allow investors to gain better control over the risks and rewards depending on their forecast for the stock. No matter if your forecast is bullish, bearish or neutral there’s an option strategy that can be profitable if your outlook is correct.

I came across an excellent post from Brian Overby, Senior Options Analyst at TRADEKING. He outlines the top 10 mistakes that new options traders make. Here are the highlights:

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How TSLA Earnings Date Impacted Options Traders

Jul 18 2014 01:12 PM | Posted in General

Over the last few years, Tesla used to report earnings during the first week of the second month of the earnings cycle (February, May, August and November). This cycle was expected to be no different. However, yesterday Tesla surprised the trading community and announced that they will report earnings on Thursday, July 31. What does it mean for the options traders?

Read Article →    5 comments    -----

Why You Should Not Ignore Negative Gamma

Jul 14 2014 01:26 PM | Posted in General

Iron Condor is a very popular strategy used by many traders and investment newsletters. There are many variables to the Iron Condor strategy. One of the most important ones is time to expiration of the options you use. The time to expiration will impact all the Greeks: the theta, the vega and the gamma.

In this article, I would like to show how the gamma of the trade is impacted by the time to expiration.

Read Article →    4 comments    *****

Are Debit Spreads Better Than Credit Spreads?

Jul 11 2014 02:16 PM | Posted in General

Here are some misconceptions about credit spreads:

"One of the many drawbacks of a credit spread is that it will tie up so much capital."
“Selling credit spreads is like picking up pennies in front of a steam roller.”
"Credit spreads are different from debit spreads. One has a low probability of success, the other has a high probability of success."

I hope that after reading this article, some of those misconceptions will be cleared.

Read Article →    1 comments    *****

All You Need to Know About Auto-Trading

Jun 04 2014 10:57 PM | Posted in General

By Kim Klaiman

We are getting a lot of questions about our auto-trading program. Specifically, people want to know how it works, why we auto-trade some strategies and don't auto-trade others etc. Many members know that I was a big opponent to auto-trading, so I would like to share some thoughts about this program.

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Exciting changes coming to Steady Condors

Jun 01 2014 05:14 PM | Posted in General

We are pleased to announce some exciting changes to the Steady Condors service effective for the next expiration cycle. We are confident that these changes will make the service even more compelling for current and potential members.

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Are You Prepared For The Next Market Crash?

May 12 2014 11:48 AM | Posted in General

Financial crises come around every seven years on average. There was the stock market crash of 1987, the emerging market meltdown in the mid-1990s, the popping of the dotcom bubble in 2000-2001 and the collapse of Lehman Brothers in 2008. If history is any guide, the next crisis should be coming along some time soon.

At SteadyOptions, we are not trying to predict when the next crash or meltdown will come. We are just trying to be prepared for all scenarios.

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Are You EMOTIONALLY Ready To Lose?

Apr 22 2014 02:13 PM | Posted in General

We all would like all our trades to be winners, but we know this is not possible. We know some of the trades will be losers (at least I know that, I hope you don't expect all your trades to be losers).

What separates good traders from bad is how you react to your losses.

"There's a difference between knowing the path... and walking the path." - Morpheus

Many traders think that if a trade has lost money, it was a bad trade. They try to identify what errors they made that lead to losses. Why? "Because I lost money! So surely I have made a mistake somewhere?”
Was it the right conclusion? Is any losing trade necessarily a bad trade?

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