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Those returns are even more remarkable when you consider position sizing. The SV portfolio is $10,000. Full position is around $7k. Which means that we never ever risk more than 70% of the capital. But we typically start with half position which is $3.5k, sometimes add another quarter, and rarely go to full position. This means that the model portfolio produced 20.4% while usually risking only 40-50% of the capital. And it's properly hedged against black swan event. A remarkable achievement, considering how low maintenance and scalable the strategy is.

Thank you for the steady hands in the trade management

Steady VIX 2025 Strategy Performance vs. SPY The Steady VIX 2025 strategy outperformed SPY in 2025 after closing out today’s trades. Performance Comparison: • SPY returned approximately 17.x% as of its latest level around 683. • Steady VIX 2025 finished with 20.4% total returns after including today’s closed trades. This outperformance is particularly noteworthy given that 2025 featured multiple significant VIX spikes — most notably during the April volatility surge that many market participants will remember for years. Despite these periods of elevated uncertainty, the strategy was often only half-allocated, yet still managed to outperform SPY. Trades like those executed in the Steady VIX 2025 strategy — in addition to a regular long-only portfolio — materially boosted overall returns. Also I wanted to mention, Allocation wise, we didn't over allocate, didn't take risky positions as much as possible. HALF allocation most of the time was highly conservative from our side. If someone had 1-2% better entry price as limit to enter the trade, I think most of the time there was BETTER PRICING for all the trades that we entered. So I won't be surprised folks getting 25% returns on SteadyVIX as well.

Steady Collars has been discontinued. Here are the monthly returns of the strategy:.

Thank you, I have used it and I saw the discounted price reflected against my credit card.

There is a discount code in the first post of this thread.

@Djtux Hi, I am subscribing to Volatilityhq, previous replies had indicated a discount code. May I know if there is an updated one?

I had to restrain my laughter so I won't wake up my wife!!!!! (punch line:"googled it" !! Sarang

As all our American friends are recovering from their dinners and drinks, a bit of light humour on this Monday. A friend of mine knew I was an active trader and asked whether I could share my portfolio with him and we could then discuss it. To be fair to him, he was a complete newbie and I restricted myself to sharing my shares portfolio explaining that the options bit is perhaps a bit complicated. The idea was that we would talk about it and how to build a balanced portfolio, again credit to him he took it seriously and researched the companies in my portfolio perhaps further than even I had. He therefore came prepared with his homework for our discussion this weekend and proudly laid out what he found, prefacing it with: "I researched all the companies in your portfolio, there is just one I had an issue with: ALPHABET, I googled it but can't find out which company it is."

@Christof+ I am looking detailed data for each company's earnings date, specifically: The market's estimated earnings date prior to confirmation The actual, finalized earnings date The date on which the company officially confirmed its earnings date (Which T-) It will help to filter out straddle matrices where returns were boosted by earnings date confirmation? Does any of the endpoints on the chartaffair provide this data?

It turns out that my issue was based on a misunderstanding. I am not permitted to trade TLT for the reasons given above but I am permitted to trade TLT options. Thankfully I can still follow the SteadyYields trades.

No Problem, Thanks.

Hi Dan - I know Kim is traveling - I am sure he will get back to you ASAP as the travel permits but response time may be slightly longer than normal.

Hi Kim, I just started a trial one-month membership for $100 on Oct 23, 2025. The only 2 subscriptions I’m interested in are Steady Options & Simple Spreads. Since I don't margin it may be all I can trade. So before I sell and gather cash see my question. By the end of my trial I’d like do the 2 Services Bundle for $2000/3yrs with 20% discount. Is this doable without a lot of hassle? Dan Brey

I trade using IB (I am in France) and I never met this kind of issue. From my experience, it turned out that they always replied to me when I add a problem, even if it was with a certain delay by mail. You can also directly call them and ask.

Hi, I'd like to subscribe to the Steady Options service. Please, add me to the wait list. All the best!

Market was in rally mode that day. You should have bought a reverse ATM call calendar Can you backtest and see how it could have performed ?

I am with IB UK and, following @Yowster, just attempted to put in my first trade on TLT. However, I got an error message saying: "This product requires a KID... Retail clients can trade packaged retail products only if an appropriate KID is available. More info here: https://www.clientam.com/lib/cstools/faq/#/content/104941212" An FAQ informs that "this error occurs because certain ETFs are subject to MiFID regulation and require a Key Information Document (KID) before trading, particularly for retail investors in the European Economic Area (EEA) and United Kingdom (UK)." Digging further, it seems I am unable to trade TLT without converting my account from a retail one to a professional one. Alas, I don't meet the requirements for this (listed here https://www.interactivebrokers.com/lib/cstools/faq/#/content/35791095). Are there any SteadyYields members in the UK or EU who are able to trade TLT with IB while still being a retail investor? Or with any other broker for that matter? Or put another way, is there a way to be UK/EU resident and still follow the SteadyYields trades?

$15 spread for 40 cents ? This is trying to make pennies ? In front of stream roller ? And you see roller coming at you. Your question is what strategy can save you ?

This is an excellent question, and I completely understand the concern, considering the history.. We manage risk in the following ways: First is position sizing. We typically don't utilize more than 50-60% of the model portfolio. The main trade (based on the algo developed by @Romuald) is around 30% ($3k) and there are 1-3 extra trades based on Monte Carlo simulation tool. Second is managing the negative gamma. The trades are typically opened 5-7 weeks to expiration and closed 2-3 weeks to expiration, to reduce the negative gamma. That said, sometime even the best intentions go wrong. Last week we closed the long term bullish TLT trade that was opened months ago and went against us right from the beginning. We held it to give the thesis to develop, but unfortunately it didn't happen, and the trade was closed for $2,700 loss. Along with two other trades, we will record ~18% in October. This is probably as bad as it gets, but considering the fact that we make around 5-7% a month on average, we consider it an acceptable drawdown. We will be still up 56% in 2025 in 10 months, far exceeding our profit target of 30-40%. Hope this answers the question.

Hi with the superb current results and the less favorable outcome before under different management I would line to know how much risk there is in the trade? btw happy with tradier for years, like them better than ib thank you Dirk

And in case you haven't noticed: Simple Spreads model portfolio up 41.8% YTD. As always, we prefer to under promise and over deliver. That means that if you started with a model portfolio of $25k, you would make over $10k in 2025 alone. That's 10x return on $1k investment (the subscription fee). This doesn't even include all unofficial trades - those alone are worth 10+ years of the subscription fee. What a bargain! Thank you again @krisbee for an amazing management of the strategy!

The better strategy is to understand gamma. Option trading in most circumstances is not rocket science and just playing percentages but the one thing that absolutely rips any strategy is gamma. When you have 0 dte trades gamma is sky high - I have a higher tolerance for it than Kim but I respect his point of view. If gamma moves against you and there is barely any time to expiry there is nothing you can do to control the outcome except pray.

A better strategy would be not to trade options that expire the same day. Extremely risky. A better strategy would be to understand what you are doing and asking questions before you place a trade. Learn first, trade later. And if you think education is expensive, try ignorance.

Sold a SPX call credit spread (6685/6700) for a net credit of $0.40 ($0.67 - $0.27) with same-day expiration (Oct 17). SPX was around 6645 I opened a "Buy to close" for SPX6685 with a stop price of $2:00. At around 2:10 PM, When the SPX touched 6658, the SPX6685 Call was around $1.8. I was not ready to loose money so I canceled my order. I was glued to the screen just hoping that SPX won't rise any further. It went to 6672 at around 3:10 PM and the SPX6685 Call was around $6.00 at that point. I was down almost $550 at that point. SPX came back to 6664 and my SPX6685 call was around 1.3. I was happy that I dodged a bullet but knew I was very stupid. Later around 3:20 PM, SPX went to 6678.88 and the SPX6685 call was back to $4. Still I didn't do anything. Was just hoping the day will end somehow. For next 40 mins, SPX hovered around 6670. Somehow, I ended the day without a loss with SPX at 6664. What should have been my strategy? When should I have closed my position and how much risk should I take? Any better strategy for same-day expiration SPX spread?