- 05/26/15 VIX vertical 38.9%
- 05/20/15 SPX calendar 14.9%
- 05/20/15 BBY straddle 5.0%
- 05/12/15 SPY/TLT combo -21.6%
- 05/12/15 RL straddle -3.7%
- 05/06/15 PCLN calendar 21.9%
- 05/06/15 BABA straddle -7.0%
- 05/06/15 TSLA calendar 33.5%
- 04/30/15 LNKD calendar 8.8%
- 04/30/15 FSLR calendar -8.8%
- 04/30/15 GILD straddle 3.6%
- 04/29/15 VIX calendar 22.2%
- 04/23/15 AMZN calendar 20.4%
- 04/22/15 FB calendar 11.8%
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While most major indexes continue to straggle, SteadyOptions continues to deliver strong gains. SteadyOptions flagship service produced 47.4% ROI in Q1 2015, based on fixed $1,000 allocation per trade (non-compounded) and 6 trades open. This translated to 28.4% return on the whole account, based on 10% allocation per trade. The winning ratio was a remarkable 82%. Check out the Performance page to see the full results. Please note that those results are based on real fills, not hypothetical performance.
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.
Auto-trading is basically money management, but vast majority of newsletters are not licensed to manage money. Would you give your hard earned money to amateurs? I assume most people would give a negative answer to that question - yet, by participating in Auto-trading program, this is exactly what they do. Is it stupidity or ignorance? You decide.
Options are similar to other financial security tools just like bonds, stocks, mutual funds, which can be purchased and sold at one’s convenience. Since these are less expensive than others, options have spread their roots across the market. These are ideal for short-term, as well as, long-term and are hence more profitable for users. Since individual investors have wider education resources, and multiple strategies can be implemented with options trading, these can be trusted for long-term use.
Some of the elements of successful trading include controlling risk, technical analysis, buy and sell indicators, and patterns. However, investors must bear certain steps in mind while spotting out potential trade including keeping a watch over the moving average, understanding overall patterns, and comprehending market trends.
All these short-term trading ideas and tricks are required to ensure success.
In one of my previous articles I described how we are going to play the current earnings season. I shared our plans to trade some of our favorite names (NFLX, GOOG, FFIV, CMG, FB, AMZN, MSFT, LNKD, TSLA and more). I expected this period to be good for SteadyOptions members.
I was wrong.
This earnings season was not good. It was outstanding! We closed CMG and AMZN trades for 20% gain, GOOG for 37% gain, TSLA for 34% gain, MSFT for 13% gain, among others. We also booked 22% gain in VIX calendar, 13% in RUT calendar and 17% in SPY/TLT combo. We closed 15 trades in April, 13 winners and only 2 losers, for an overall ROI of 30.0%! Our ROI in 2015 is an amazing 85.5%, in just 4 months.
In one of my previous articles, I described a hedge fund manager called Karen the "SuperTrader". She was featured few times by tastytrade as "one of the most successful and fascinating traders". Tom Sosnoff admitted that he "admires" her.
What Sosnoff fails to mention time after time is the amount of risk Karen is taking, compared to her returns. This is a critical issue that many traders don't fully understand.
To understand the real risk this lady is taking, I would like you to take a look at Victor Niederhoffer. This guy had one of the best track records in the hedge fund industry, compounding 30% gains for 20 years. Yet, he blew up spectacularly in 1997 and 2007. Not once but twice.
Digging through some old forum posts, I came across the following question from one of our members:
"My bear call spread is ITM now (RUT 855/865). I adjusted it by rolling it to the next strike (closed 855/865, opened 875/890). But I was wondering if this could be approached differently. This seems too good to be true, so I'm wondering if I'm missing something.
I could have done nothing for now, and if on October 18 (when my spread expires) RUT is still above $865, I could just roll to the SAME strike prices for the NEXT MONTH, for even more credit. And keep doing it forever, until RUT is below my short leg and it can be closed for profit or expires worthless. This seems too good to be true, but here's my logic:
NFLX announced earnings today after the close. Couple hours before the market close, I got a following trade alert from one of options sites I follow:
Trade: SELL -1 IRON CONDOR NFLX 100 APR 15 520/522.5/427.5/425 CALL/PUT @.91 LMT [TO OPEN/TO OPEN/TO OPEN/TO OPEN]
Trade Explanation: For the Volatility Advisory in NFLX, we are selling the Apr 427.5 puts and 520 calls and buy the Apr 425 puts and 522.5 calls for a net credit of $0.91 to open.
Underlying Price: $474.22
Our long term members know that we like to use few non-directional strategies to play earnings. There are few things we like about those strategies:
- They are predictable.
- They are repeatable.
- They are flexible.
- They can be used on the same stocks cycle after cycle.
Well, the Next Cycle is already here.
What would you say if someone told you that they consistently produce an average annual return of 3,000-4,000%? You would probably think it's too good to be true, right? That's what I thought when I reviewed a list of best performing investment newsletters reported by Pro-Trading-Profits, an independent advisory monitoring site. So I decided to check out one of the services reporting those remarkable returns.
Yesterday Mark Hulbert, whom I highly respect, published an article in MarketWatch called Investing guru predicts 12% rise in stocks over six months. Before I tell you why I think you should not trust any market forecasts from "investment gurus", I must say that I don't like the word guru in general. One of my favorite quotes is "Our world needs less gurus and more teachers. Gurus are about helping themselves become successful - teachers are about helping others become successful." - Joseph C. Kunz Jr.
By Mark D Wolfinger
Let’s begin with a basic fact: There are many methods for adjusting a position so that risk is reduced. Some are inexpensive, others cost more than most traders are willing to spend. Some are effective most of the time, but the protection offered is minimal. Others are so effective (alas, that happens rarely) that the gains an be spectacular. [Think of owning an extra put or two before the market opens down 20% one fine day]
It's official now: Steady Condors has completely erased last year's losses and drawdown.
Steady Condors has just finished another profitable month of trading with gains of 7.7% on margin, and 6.2% per unit for April expiration. This makes the year to date return 17% on a whole account. Of particular importance is that this month’s gains bring Steady Condors back to new equity highs after a somewhat lengthy (yet statistically expected) drawdown over the last year. Those who had the discipline and patience to stay the course have been rewarded.
Risk management, as always, is what made the difference.
By Gery Nagy, optionsrules.com
Many people believe in the above methods, indicators. I am skeptical about the usability of them. I'll tell you why ...
Fibonacci, Gann, Elliott - all of them bring the laws of nature into the trading. These are formulas and laws that can be found in nature and form certain patterns.
We are pleased to announce that we have reached an agreement with OptionNET Explorer (ONE) software provider to provide the ONE software to SteadyOptions members at discounted prices. SteadyOptions members can try the software for 30 days at 25 GBP ( around $43) which represents a 50% discount. After the 30 days trial, the prices are as following:
- 135 GBP for 3 months or
- 450 GBP for 12 months
Our members already know that we use the data from OptionSlam.com to research our earnings trades. OptionSlam.com has been a very valuable resource for us in the past few years.
We are pleased to announce that we have reached an agreement with OptionSlam to offer a 15% discount on annual INSIDER Memberships to SteadyOptions readers.
I'm often asked by novice options traders what is the best options strategy. I'm sorry to disappoint you, but there is no such thing "the best options strategy". Each strategy has its pros and cons. Each strategy will work the best under certain market conditions, and no strategy will work under all market conditions.
One of the first things you need to decide before placing your first trade is: do I want to bet on direction (bullish/bearish) or I want to be able to make money regardless of market direction? In the first case, you have the choice of the following major strategies:
Karen the "SuperTrader" has generated a lot of curiosity in the trading community. She has been interviewed on TastyTrade twice. The title of the last interview was OPTION TRADER makes $105MM PROFIT in the NDX, SPX & RUT.
Is she real? Does she really generate all those outstanding profits? Some people think Karen is a fraud.
This article aims to clarify some facts about Karen SuperTrader and her trading results.
By Christopher B. Welsh
I've had three emails in the past month on people being assigned on positions and receiving margin calls, and generally not knowing what happened. I advise everyone to completely research and become familiar with the exercise/assignment aspect of option trading. If you don't you can find your entire account blown out over a weekend.
Assignments occur in two basic varieties. First, on expiration Friday (or Thursday or Wednsday depending on the instrument your trading, but most commonly on Friday). If you have a position that is .01 in the money, or more, you WILL be assigned. For instance, if you have a 100 Call on stock XYZ that expires today, and XYZ closes (AFTER HOURS) at 100.01, you will find that you own, sometime Saturday, 100 shares of XYZ that you paid $100/share for.
We closed today our Steady Condors March trades for an average gain of 7.5% before commissions, which translates to 5.8% return on the whole account after commissions.
Steady Condors first goal is to manage risk and to prevent big losses. We don't promise you some absurd numbers like 10%/month or 5%/week, but we are proud to report performance in the most honest and transparent way possible. I will explain later how our performance reporting is different from other newsletters, but let me start by quoting Jesse Blom's post on the forum.