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Kim

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Kim last won the day on March 25

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  1. Kim

    Welcome to SteadyYields

    To become an engineer you have to study 4 years, and probably another 4 years (at least) to become a good one. Why people expect it to be different in trading? Yes, it's a long journey, like everything in life.
  2. Kim

    Welcome to Steady Collars

    It's based on mark to market.
  3. Kim

    Welcome to SteadyYields

    Yes, you can still bundle the new service as part of 2 services or all services bundle.
  4. Kim

    Welcome to Simple Spreads

    Please be advised that Simple Spreads subscription rates will increase on April 1st as following: Monthly - $109 Quarterly - $275 (save 16%) Yearly - $875 (save 33%) We encourage you to do your due diligence and compare us with other services in order to make sure that this is the right service for you. Please note that the increase will only apply to new subscribers. Existing subscribers will be grandfathered at the rate that they signed up for originally, as long as they maintain an active subscription. We hold rates for our existing subscribers as a reward to them for their loyalty to us, which we very much appreciate. As long as you join before November 14th, you will continue to pay the current rates. Bundle prices will remain the same for now. Click Here to lock your current rate.
  5. Kim

    Welcome to Steady Collars

    Please be advised that Steady Collars subscription rates will increase on April 1st as following: Monthly - $109 Quarterly - $275 (save 16%) Yearly - $875 (save 33%) We encourage you to do your due diligence and compare us with other services in order to make sure that this is the right service for you. Please note that the increase will only apply to new subscribers. Existing subscribers will be grandfathered at the rate that they signed up for originally, as long as they maintain an active subscription. We hold rates for our existing subscribers as a reward to them for their loyalty to us, which we very much appreciate. As long as you join before November 14th, you will continue to pay the current rates. Bundle prices will remain the same for now. Click Here to lock your current rate.
  6. Kim

    Welcome to Anchor Trades

    It's leveraged Anchor since 2019. I believe Chris is looking to tweak the strategy all the time, and @greenspan76 provided a pretty good explanation for 2022. btw, I recommend reading How Anchor Survived the 2020 Crash. On March 19 2020, SPY at 234 (down 30%), Anchor UP $5k (~3%).
  7. Kim

    Welcome to Anchor Trades

    I know members who cancelled their Anchor subscription in 2022, just in time to miss the remarkable recovery.. Sell low buy high?
  8. Kim

    Welcome to Anchor Trades

    I'm pretty sure that most fund managers would be very happy with 20% CAGR and 28% drawdown.. There is no reward without risk. Charlie Munger said: "If You Can't Stomach 50% Declines in Your Investment You Will Get the Mediocre Returns You Deserve". That said, I remember Chris mentioned that considering the magnitude of the market decline, IV did not spike enough - VIX spent most of the year in the mid 20 and spiked only for short periods of time to low/mid 30s. This means that long puts did not increase in value enough to provide adequate protection. If you also consider that this is a leveraged strategy, this can definitely explain the underperformance of this single year. Members who were with Leveraged Anchor from inception in 2019 were still up 78% even after the drawdown.
  9. Kim

    Welcome to SteadyVol

    I think most brokers won't allow options spreads in retirement accounts.
  10. Kim

    Welcome to Anchor Trades

    I will let Chris to comment specifically on 2022, but as a general note, Anchor delivered 20% CAGR since inception compared to less than 15% SPY CAGR. This is a massive overperformance, and this is what's important. I don't think it's realistic to expect from any strategy to overperform 100% of the time.
  11. Kim

    Welcome to Steady Collars

    Yes, the numbers include leverage. As mentioned in the first post: You can still make around 12-15% with zero leverage, which is an amazing return for such low risk strategy. or you can use a regular margin account, apply 1.5-2x leverage and make 15-25%. Yes, it is very dependent on dividend capture. @cwelsh anything to add?
  12. You can enter a trade into an options software like ONE and see how the gamma changes. For example, ATM SPY call: When you move the price from the strike, the gamma decreases. The change in delta is more dramatic when the price is near the strike. As we move further from the strike, the delta approaches 1 or 0 and will change much slower.
  13. A few weeks ago we introduced a new strategy to our members. While a double diagonal spread is a well known strategy, we are trading it with a tweak. The double diagonal strategy is part of SteadyOptions service, along with straddles, strangles, calendars etc. One of our members have mentioned that "I realize they are lower risk in the sense that they can be open longer without big losses, but feels to me like playing not to lose." Here is a response from our contributor @Yowster who introduced the strategy: Well... Lay me outline reasons why I like them (and I've been doing a ton more of them in personal trades in addition to the official ones, and are tracking even more of them). They are extremely low risk, of all the trades I've had on or tracked only one (a DE personal trade) was down by 10% or more at any given time provided I exit prior to T-0, and I wound up able to close that one for a small gain. I've had many make gains of 15% or more (NVDA, SQ, PANW were recent trades I closed within the past few days that fall into this category). Of the trades I've placed since January (about 25 of them), roughly 75% of them have been winning trades with an average gain across winners and losers of ~5% (and there were a few large winners like BA and MRNA that I only tracked and didn't have on). I compare the results to straddle trades since they have similar profit targets, although holding periods can be longer. Compare a 75% win rate with ~5% average gain to our historical straddle results found here and these DD returns are very good. One of the common things heard from many members over the years is that the shorter duration straddle trades are difficult to manage when they can't be watching the market all the time. DD's don't fall into this category as they can be open for longer periods of time, you can easily have GTC orders to close at profit targets and you don't have to worry about avoiding larger losses when RV suddenly spikes downward - so DDs are very good trades for people who can't be watching the market all the time. Regarding the "playing not to lose" comment. Managing downside risk as much as possible is one of my primary goals with SO trades, as larger percentage losses can have a large negative impact on portfolio performance. I look at DDs simply like this - I can have roughly 75% of trades be profitable (some smaller gains, but quite a few over 10% and some getting to 20%), but have almost all losses limited to below 10% (most losers below 5%) and that math works out very well over the longer term. Currently, we have 4 DDs open as official trades and this will be the most you are likely to see at any given time - thereby leaving plenty of slots for other trade types. Members have different risk tolerances so not every trade type we use is a good match for all members. But for people who can't be monitoring the market all the time and for some trades where you'd like a higher capital allocation because of the lower downside risk, DDs can be a good match this category. As one of our members mentioned: "Regarding the "playing not to lose" comment. Managing downside risk as much as possible is one of my primary goals with SO trades, as larger percentage losses can have a large negative impact on portfolio performance. I look at DDs simply like this - I can have roughly 75% of trades be profitable (some smaller gains, but quite a few over 10% and some getting to 20%), but have almost all losses limited to below 10% (most losers below 5%) and that math works out very well over the longer term. Many option forums or traders will report a win percentage, total percentage over a few years. However, I will say that over long periods of time, the unlikely occurrence of a higher risk/higher return strategy of will greatly reduce a portfolio. The cost of the extra options easily is worth the alleviation of risk. If you look at their historical performance. This was once of there better performing trades over time. So thank you Yowster. I also like that some trades are large enough stocks that you can exceed the recommended allocation without significantly effecting the float with a larger trade, as a straddle/strangle under a dollar needs is less desirable for me. I completely respect this strategy is for a 100k portfolio. I may be trading occasionally more, but that's a different topic that has been discussed I believe." My 2 cents: To put things in perspective, we closed 9 DDs so far with average return of 5.1% and average holding period of 9 days. Only 2 losers, both 2-3%, and none of the trades was down more than 5% at any given time. Even when the stock doesn't move, the losses are minimal. If someone believes that 5% is not a good return for options trades, I suggest reading Is 5% A Good Return For Options Trades? Yes, some options gurus will tell you that you should aim for at least 100% gain in each option trade, otherwise it is not worth the risk. What they don't tell you is the risk you will be taking. So I would say that on risk adjusted basis, those results almost too good to be true. They are also pretty easy to open, and because the holding periods are longer than straddles, members have more time to enter. Closing can be done with GTC order, and many times members get better results - just check the previous DD discussion topics. Commissions impact is negligible - in today's environment, many brokers have zero commissions, and even for people who pay 0.30-0.50 per contract (which is high by the current standards), the commissions impact is less than 0.5% per trade. As for the statement "playing not to lose" - guilty as charged. Limiting losses is our main goal at SteadyOptions. And if you look at our track record, in the last 12 years we were able to produce triple digit gains while keeping the drawdowns very small. I can only salute @Yowster for constantly coming with new variations of well known strategies in every market environment. Another consideration is trade allocation. Lets say you are willing to risk 2% of the account per trade. If you know that the maximum risk is not likely to be more than 10-15%, you can easily allocate 10-12% per trade. But if your risk is 100%, your allocation should not exceed 2% per trade. So your overall performance will not necessarily be better with high risk high reward trades, but with much higher risk. So yes, we are playing not to lose. Keeping your losers small is one of the key elements in trading. Subscribe to SteadyOptions now and experience the full power of options trading at your fingertips. Click the button below to get started! Join SteadyOptions Now!
  14. Kim

    OptionNET discounted offer

    No, you can start one.
  15. Kim

    Member of the Month

    Member of the month award for February goes to @Chuck451 for his continuous contribution of trading ideas and analysis.