OptionVue Credit Spread Training And Video Re-Play

This last week we hosted a webinar exclusive to our community here at TheOptionClub.com. The featured speaker was Steve Lentz, who has been an options educator for the CBOE's Options Institute, the Options Industry Counsel, the Aussie Stock Exchange, and now us...

Steve is currently the Director of Education with OptionVue, as well as a mentor in their affiliated mentoring program. He is extremely knowledgeable when it comes to trading, and he is a superb teacher.

I hope you caught the presentation, but if not you can still view it at:

View The Video Re-Play Now

Steve Lentz tackled the myth about option sellers having an edge in the market.

Is it true? Do option sellers really have an advantage?

Well, watch the video but the short answer is "maybe." It all comes down to an understanding of implied volatility, the option pricing models, and doing a little bit of analysis. Steve showed us the basics of that last week.

He also started talking about credit spreads and the rookie mistakes he has seen so many traders make. We talked about high probability credit spreads and the necessary risk to reward ratios and win rates we need to achieve if we hope to be profitable.

It all came down to "practice, scrimmage, play..." What?

The "practice" part of trading is back-testing, the "scrimmage" is paper trading, and the "play" is money in the market. How many of us have gone to a seminar or learned about some trading idea that got us enthused, then ran home and tried trading it the following week?

I have and so have you. We've all done it. Was it a mistake? Oh, sure it was. So, what's the next step?

At the end of the video, Kevin Ritter from OptionVue outlined an Express Training product that they put tother...just for us.

This last summer Kevin and I worked out a multi-part presentation featuring another of OptionVue's educators. It was awesome. Kevin and I then started talking about their mentoring program. It's an excellent program and well worth the money, but it is expensive...

I wanted to get something that any one of us could afford, because I think that the guy with the $5,000 account should be just as prepared as the guy with the $500,000 account. Kevin agreed and we put together the Express Training product. It's the first time OptionVue has done this and it's just for us.

Now, it's not the full blown mentoring program, but for 30-days we're going to focus on one "bread and butter" trading strategy...the credit spread.

Why the credit spread?

You can trade credit spreads in most market conditions. It's a defined risk trade. It let's us take advantage of theta decay. It gives us an opportunity to create an edge...

...and that's exactly what we're going to learn how to do.

The mentoring program is designed to take us from theory to practical application. We'll learn about credit spreads, but then learn to use a trading system, back-test it, and trade it like a business. We're going to learn how to establish a customized trading plan, how to find appropriate trade candidates, how to open and manage positions, and how to close them.

I'm already signed up.

You're not going to find this high level training anywhere for this price. I know. I've looked. This course is not generally available. It's just for you, me, and the other members.

It includes personal mentoring sessions with Steve Lents. What do you think that would cost if you paid for them ala cart?

Oh, but you need software and data feed, right? It's included. Kevin also agreed to provide access to their on-line educational library.

The only thing I didn't get them to include was the trading account. You'll have to use your own.

This coming Wednesday, October 29, 2008, is the next training session. If you want to join us for the Express Training you must be registered no later than 2:00 p.m. on that day.

The details of the Training package are covered in the video re-play. You can also find the same information and get registered here:

Get The Details And Register Now

Like I said, I am already signed up and will be part of this mentoring class. The opportunity to refine my personal trading, to become more business-like in managing my trading, is just too valuable to pass up. At $499, you may not have such an opportunity again.

Get yourself registered now and I'll see you next Wednesday for class...

Diagonal Option Trade on XLF Featuring OptionVue TradeFinder

Yesterday, I began looking at the the Financial Select Sector SPDR, otherwise known by it's ticker XLF. This ETF made a bottom recently, and has found some support at $20 per share. With vols high, my thought was to sell some premium but I did not want to walk into a situation that I may very well regret.



Admittedly, this trade is not sexy. If I am right, and XLF consolidates, I should be able to safely sell premium each month out into January. If XLF drops below $20 per share, I will have a "free" Jan'09 $15 Put to limit my downside. This allows me the choice of taking assignment should the share price fall below $19 per share, then begin selling covered calls. Alternatively, I can simply roll the short put option each month even if it is in-the-money.

This trade won't make me rich, but I should be able to earn a fairly decent yield from it between now and year's end.

Christopher Smith
TheOptionClub.com

Finding Good Option Trades...

Tonight is part 2 of our training with Jim Graham from OptionVue...

We have been hosting a 3-part training session with OptionVue, intended to teach you how to approach the markets in an effective and intelligent manner. Our first training session was held a couple weeks ago, which introduced the OptionVue 5 software and demonstrated it's basic functions.

The presentation tonight will jump into the art and science of finding good trades. What you'll learn is how to identify good trades and how to choose the best from among them.

Interested? It's a free presentation...

It starts tonight at 6:00 p.m. PST / 9:00 p.m. EST. If you head over to our main web page you can submit your name and e-mail, and you'll receive the login information.

Stock Options Training Webinar Registration

We even arranged for a 30-day trial of OptionVue 5, giving you full use of the software and all of the necessary data feeds for just $24. Plus, you get educational materials, one-on-one time with an OptionVue trainer, and you can "play along" during our online training.

Just use "OptionClub" as your discount code when ordering on the OptionVue website or by telephone.

I'll see you tonight!

Christopher Smith
TheOptionClub.com

OptionVue Empowers Traders With BackTrader

The majority of options traders lose money, but the majority of professional traders are profitable. Why is that?

Before a professional traders places capital at risk, they are confident that their strategy is profitable. The way they develop that confidence is through the process of testing their strategy on historical data, to see how it responds in differing market conditions.

We are presently hosting a series of three training sessions with OptionVue to teach traders how a sophisticated tool like OptionVue 5 can be used to make them better, smarter traders. Personally, I am new to OptionVue, but I am learning my way around the program.



The above video demonstrates how to use OptionVue Backtrader to test a trading methodology over a period of time. This demonstration reveals how historical data is used in OptionVue to give the trader an idea as to how their rule set will perform.

If you want to join us, the training is offered for free. You can get a 30-day trial of OptionVue 5 for half the normal cost by using "OptionClub" as your discount code. Order the trial and they'll ship a whole package of materials to you. You can then join us on July 30, 2008, for our next session.

To recieve more information about the training, visit our home page at http://www.theoptionclub.com.

Christopher Smith
TheOptionClub.com

OptionVue Presentation On Video Re-Play

We are hosting a training series with OptionVue, and just help our first introductory session. All of the training is offered on a complimentary basis.

If you missed the first session with Jim Graham, the video re-play is now available:

Watch The OptionVue Video Re-Play Now

Jim gave an excellent introductory presentation and you're more than welcome to join us for our future workshops.

If you would like to get the 30-day trial, I am asking that they keep the discount code active through the weekend but have not received confirmation on that, yet.

The discount code is "OptionClub" (case sensitive and without quotes). You can try ordering it at:

Order The OptionVue Trial

Watch the video re-play and if you want to get more information about our free advanced training sessions, visit our home page at TheOptionClub.com. Sign up on our seminar announcement list and you'll be notified of each event we hold.

Christopher Smith
TheOptionClub.com

Hedging Your Portfolio With OptionVue 5

Last night we had our first of three presentations by the folks at OptionVue. If you missed it, I'll be sending out a link later today, or tomorrow, that will provide you access to a video of that presentation.

Jim Graham provided an excellent overview of OptionVue 5, as well as a special code that gets you access to the software at more than half-off.

I have now been trading options for several years. Over that period of time I have learned many lessons, most of them the hard way,

The experience has taught me that option trading is very much a business. Too often, traders become obsessed with profits and allow themselves to get overleveraged and fail to pay attention to the downside.

Professional traders don't spend a lot of time worrying about profits. They worry about risk. It's the risk that puts us out of business.

OptionVue 5 is a serious piece of software designed for professionally minded traders. Assessing and managing risk is a key aspect of what it does. You won't see that in other programs.

While you're waiting for the video recording of last night's presentation, I recorded a video that profiles just one of the risk mangement tools. I admit that it probably makes me a geek, but I'm excited about this one...

It will also very likely save your butt...

The video is posted above.

Our next live webinar session with OptionVue is in two weeks. Wednesday, July 30, 2008, at 6:00 p.m. PST / 9:00 p.m. EST.

Now, this is critical. You are quite welcome to join us for that second session, even if you've missed this first one. The welcome mat is out, even if you don't have OptionVue 5. Just join us and learn as much as you can.

If you want access to OptionVue 5, and this is very time sensitive, you have the opportunity to get a copy of OptionVue 5 for less than $25. It's a 30-day trial version, but it is fully functional, includes 30-days of data service, and is shipped to you with educational materials.

If you want to take advantage of the trial, then you need to use this case sensitive discount code...

Got to: http://www.theoptionclub.com

Provide your name and e-mail, and you'll receive a discount code that you may use to get a 30-day trial of OptionVue 5.

The trial package will be mailed to you, along with the educational material. Then, on July 30th, we're back online with Jim Graham from OptionVue and he will begin teaching us how to put the software to work.

Another session will be held the following Monday, where he'll teach us even more about options, trading, and the software.

If you're mulling over the whole $25 thing, consider this. It comes with "Simple Steps To Option Trading Success," a book co-authored by Jim Graham and Steve Lentz. The retail price on that is $19.95, then add the cost of shipping. You also receive a video tutorial, the software, and the data feed. The data feed is almost $50 per month...

That's about $80 worth of stuff, and we have not even talked about the training sessions...

Christopher Smith
TheOptionClub.com

Stock Option Training With OptionVue

You won't want to miss this event, because this goes way beyond a software demonstration...

We have scheduled three online presentations. The first presentation will introduction OptionVue 5, which is the state-of-the-art options analysis software package that sets the standard for all others. You will be provided with a discount code, allowing you to get a fully featured copy of their software that you will be allowed to use for 30-days.

This will cost you about $25, which is less money than most of us will spend if we were to go out for lunch and a movie over the weekend. I've used a lot of different tools for options analysis and OptionVue is by far the most robust program out there. It's professional quality. So, even if you just use it for 30-days you should gain more insight into options from this experience than you would from a 2-day hotel seminar that might cost $3,000.

Session two will pick up several days later, which is enough time for the software to arrive in the mail. OptionVue's trainer will walk us through its configuration and begin teaching us the basics of how the software works. He'll turn us loose for a few days and allow us to get acquainted with the program.

The third session is where the "rubber meets the road," and we get to see how to actually make money. There will be a lot of discussion about option strategies, trading, and OptionVue's trainer will show us how their software helps us in all aspects of our trading. When this session is over, you'll still have quite a bit of time to continue using OptionVue 5 during your trial period.

Not enough?

No worries there, because you can also get some one-on-one instruction. That means you can ask the questions you want answers to and learn how the software applies to YOUR trading. How can you find the trades you want in your portfolio? How might you adjust those troublesome positions? How do you get your portfolio hedged against an adverse market move?

The first session begin on Wednesday, July 16, 2008, at 6:00 p.m. PST.

There is no cost, no obligation, and no gimmicks to attend these sessions. You'll get a lot more out of each session if you have OptionVue 5, so for $25 you can have a full featured copy of the software for 30-days.

OptionVue Trading Presentation Registration

Do not put off getting yourself registered. Get it done now and I'll see you on Wednesday!

Christopher Smith
TheOptionClub.com

Your Oppotunity To Learn About Options On An Advanced Platform

I have three dates that I will encourage you to put on your calendar to save the time. Do that for me and I'll tell you what I have got planned for all of us. (All of the times are Pacific Standard.)

SAVING THE DATES COULD MAKE YOU A BETTER OPTIONS TRADER...

• Wednesday, 7/16/08 @ 6PM PST
• Wednesday, 7/30/08 @ 6PM PST
• Monday, 8/4/08 @ 6PM PST

Once you've got those marked down, read on and I will explain what we will be doing...

Last month I attended the Trader's Expo here in Ontario, California, and I met up with a couple of the guys from OptionVue. For years now, I've used a number of different options analysis packages but I have always known that OptionVue was the standard against which all others were compared. It is simply the best out there. This is sophisticated, professional level software.

I was eager to visit their table because I'm done futzing around with lesser solutions and I wanted to test drive OptionVue. We got to talking there at the Expo, and I made a deal that I think will be very educational and quite a bit of fun for me...and you.

OptionVue offers a 30-day trial for about $50 from their website. You can head over there right now and request the trial at that price, but I've arranged for that price to get halved.

That's just the beginning, though...

RECEIVE INTENSIVE, HIGH-LEVEL OPTIONS EDUCATION
OVER THE COURSE OF THE NEXT 30 DAYS...

Step One: Getting The Discount Code

On the first date I had you save, we will have a software demo with Jim Graham from OptionVue. At that demonstration, you will be given a discount code that will allow you to order the 30-day trial at a discounted price.

The trial package will be sent out to you in the mail. I've already got mine and it came with the software, literature, a video CD that shows how the software works, etc. It's the full package.

Step Two: Professional Training
(No Additional Cost...)

On July 30, we will meet online again. By then, if you were prompt about ordering the trial version, we will all have the software. Jim Graham will then show us how to make sure our software is properly configured and begin teaching us how to use it. He'll then turn us loose to play with it over the weekend.

Step Three: More Professional Training
(Still No Additional Cost...)

On August 4, we meet up again online and Jim will show us how OptionVue can be used to actually make us some money. You will still have some time left on the trial period, so you can then take what you learn here play with it, and back test it, or even trade on it if you wish.

Step Four: Still More Training One-On-One
(Again, It's Still Covered By Your $25)

That's not all though. If you want to get on the phone with a trainer for some one-on-one personalized support during the trial period, OptionVue will make that available to you, too. So, if you want help learning how to use OptionVue to find, manage, or adjust trades, call 'em up!

So, for your $25, we've got three webinars, the best options analysis software in the world, educational materials, and access to live support for a month.

Changing Your Financial Future One Cup Of Coffee At A Time...

How many trips to Starbucks is that? I don't think you could even eat dinner out once for that price, but the knowledge you gain could make a real difference in your financial and trading future, even if you don't buy the software!

To get the details for registering, just provide you name and e-mail address below. Or, if you want our options trading mini-course, use the registration form above, and I will get the registration details to you as quickly as I can.

Christopher Smith
TheOptionClub.com

Would you like information about attending our events?
Name:
Email: