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
Discover the stock options strategies favored by professional traders in our FREE options trading mini-course!
Subscribe To
Posts
Showing posts with label stock option. Show all posts
Showing posts with label stock option. Show all posts
Wednesday, August 6, 2008
Thursday, July 17, 2008
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
Sunday, October 14, 2007
How Stock Options Are Priced
Discussion continues on our message board about how options are priced. I love seeing these discussions because it means that members of TheOptionClub.com are developing their understanding of what options are and how they work.
There is always a bit of mental energy needed to grasp these concepts. You have to struggle with the concepts a bit before they sink in. Once they do, you will find that you have a much better sense for how an option will respond to changes in the market.
This is critical. As option traders, we look at the market and question what is likely to occur in the future. Are prices likely to rise? Will volatility fall? As we answer these questions, we begin the process of selecting an option strategy to take advantage of those changes or hedge against them.
I put together a video that introduces these concepts. It's only about 20 minutes long, so it is not a complete education but it will introduce the subject.
Use the above link to access the video. I hope you find it helpful as an introduction. After you have viewed it, be sure to visit our Yahoo! Group where you can review the ongoing discussion and post your own questions and observations.
Trade well!
Christopher Smith
TheOptionClub.com
There is always a bit of mental energy needed to grasp these concepts. You have to struggle with the concepts a bit before they sink in. Once they do, you will find that you have a much better sense for how an option will respond to changes in the market.
This is critical. As option traders, we look at the market and question what is likely to occur in the future. Are prices likely to rise? Will volatility fall? As we answer these questions, we begin the process of selecting an option strategy to take advantage of those changes or hedge against them.
I put together a video that introduces these concepts. It's only about 20 minutes long, so it is not a complete education but it will introduce the subject.
Use the above link to access the video. I hope you find it helpful as an introduction. After you have viewed it, be sure to visit our Yahoo! Group where you can review the ongoing discussion and post your own questions and observations.
Trade well!
Christopher Smith
TheOptionClub.com
Thursday, March 1, 2007
Market Update and Learning About Stock Options
Tuesday we sold off. Yesterday we saw some relief. Today, things were soft.
What gives?
Keep in mind that Tuesday selling was huge. Volume like that is not generated by a few skittish investors. The institutions were the ones hitting the sell button.
Yesterday's relief rally was anemic. Volume was light. It was a good opportunity to close out long positions, though.
With IV now infusing throughout the option chains, it is worth taking a look at potential trades. Don't feel the need to hurry into any positions. Caution should be a controlling influence for you.
If you've been following along with my posts and find yourself intrigued, wanting to learn more about options you have an opportunity of which you may want to take advantage. Today, Options University re-released a limited number of Ron Ianieri's 2007 Options Mastery program.
This course was released in December and sold out after a few days. The limited releases allow Ron and the folks at Options University provide good support to news students without becoming overwhelmed. You can use the link below to check out the course. I highly recommend it and own a copy myself.
It is truly an excellent value when compared with other seminars, which candidly do not cover the material as well as Ron has in his course.
http://www.theoptionclub.com/option_mastery.php
If you do decide to purchase the course through my link, be sure to forward a copy of your receipt to me. I am finishing up my High Probability Trading materials, which will become available in 30 to 45 days.
I'll confirm that your order came through the above link and provide you with my materials at no charge, as a way to thank you for support TheOptionClub.com.
Good trading and mind your risk!
Christopher Smith
TheOptionClub.com
What gives?
Keep in mind that Tuesday selling was huge. Volume like that is not generated by a few skittish investors. The institutions were the ones hitting the sell button.
Yesterday's relief rally was anemic. Volume was light. It was a good opportunity to close out long positions, though.
With IV now infusing throughout the option chains, it is worth taking a look at potential trades. Don't feel the need to hurry into any positions. Caution should be a controlling influence for you.
If you've been following along with my posts and find yourself intrigued, wanting to learn more about options you have an opportunity of which you may want to take advantage. Today, Options University re-released a limited number of Ron Ianieri's 2007 Options Mastery program.
This course was released in December and sold out after a few days. The limited releases allow Ron and the folks at Options University provide good support to news students without becoming overwhelmed. You can use the link below to check out the course. I highly recommend it and own a copy myself.
It is truly an excellent value when compared with other seminars, which candidly do not cover the material as well as Ron has in his course.
http://www.theoptionclub.com/option_mastery.php
If you do decide to purchase the course through my link, be sure to forward a copy of your receipt to me. I am finishing up my High Probability Trading materials, which will become available in 30 to 45 days.
I'll confirm that your order came through the above link and provide you with my materials at no charge, as a way to thank you for support TheOptionClub.com.
Good trading and mind your risk!
Christopher Smith
TheOptionClub.com
Sunday, February 25, 2007
Stock Options Trading Tele-Seminar!
I just finished reading an article in this weekend's edition of Investors Business Daily about the rapidly changing landscape for the financial exchanges.
It seems that stocks are no longer the sole darlings of the NASDAQ, NYSE, or other powerhouse exchange floors. Options, FOREX, and futures, are receiving increased attention from both exchange operators and investors.
The world is changing. It is changing rapidly.
The big question for you, and me, is whether we are adapting along with this rapidly changing landscape. It is not easy, but you are not alone and there are some solid resources out there to help you keep pace.
When the exchanges went digital several years ago, professional floor traders became a dying breed. One floor trader, Ron Ianieri, knew he had to adapt and decided to take his years of experience and expertise, and teach retail traders how to trade options the right way.
I can tell you that Ron is one of the best in the world. That is why well known experts like Steve Nison, Jon Najarian, Price Headley, and Bill Johnson, as well as other experts like Tom Sosnoff, want to work with him.
This coming Tuesday, Ron Ianieri is putting on a complimentary tele-seminar designed to answer a couple questions you should be asking yourself.
http://www.theoptionclub.com/support/ianieri-seminar.html
Should you be trading options? What about futures or FOREX? Do stocks still play a role?
Obviously, we think options are a key component to both investing and trading success. But, what role do these other products play?
What role should they play?
These are the questions Ron will tackle for us Tuesday evening.
Please note that there is a practical limit to the number of people that can call in for the tele-seminar. So, while there is no charge for attending, space is limited.
I do not know what the limit of their dial-in service is, but I do know our membership alone is approaching 3,000 and I also know Ron's company has invited others, so there is no time like the present to register:
http://www.theoptionclub.com/support/ianieri-seminar.html
I also suggest calling in a little early, if possible.
It should be an interesting call, so if you can set aside the time I encourage you to attend.
Good trading!
Christopher Smith
TheOptionClub.com
It seems that stocks are no longer the sole darlings of the NASDAQ, NYSE, or other powerhouse exchange floors. Options, FOREX, and futures, are receiving increased attention from both exchange operators and investors.
The world is changing. It is changing rapidly.
The big question for you, and me, is whether we are adapting along with this rapidly changing landscape. It is not easy, but you are not alone and there are some solid resources out there to help you keep pace.
When the exchanges went digital several years ago, professional floor traders became a dying breed. One floor trader, Ron Ianieri, knew he had to adapt and decided to take his years of experience and expertise, and teach retail traders how to trade options the right way.
I can tell you that Ron is one of the best in the world. That is why well known experts like Steve Nison, Jon Najarian, Price Headley, and Bill Johnson, as well as other experts like Tom Sosnoff, want to work with him.
This coming Tuesday, Ron Ianieri is putting on a complimentary tele-seminar designed to answer a couple questions you should be asking yourself.
http://www.theoptionclub.com/support/ianieri-seminar.html
Should you be trading options? What about futures or FOREX? Do stocks still play a role?
Obviously, we think options are a key component to both investing and trading success. But, what role do these other products play?
What role should they play?
These are the questions Ron will tackle for us Tuesday evening.
Please note that there is a practical limit to the number of people that can call in for the tele-seminar. So, while there is no charge for attending, space is limited.
I do not know what the limit of their dial-in service is, but I do know our membership alone is approaching 3,000 and I also know Ron's company has invited others, so there is no time like the present to register:
http://www.theoptionclub.com/support/ianieri-seminar.html
I also suggest calling in a little early, if possible.
It should be an interesting call, so if you can set aside the time I encourage you to attend.
Good trading!
Christopher Smith
TheOptionClub.com
Tuesday, January 23, 2007
Stock Option Greeks and a Favorable Price Move
The SPX is trading higher today on positive earnings news. That's good for us because yesterday saw our bull put credit spread filled and the market is now moving away from our short option's strike price.
Now, the directional move will not, on its own, allow us to take the trade off. The reason is because the spread consists of a long and short position, both of which will be effected by the respective option's delta. We may see some profitability because the short option has a higher gamma than the long, protective put. Our real profits will come from theta decay and that just takes some time...
With continued upside in the market we will start looking for a call spread that can be sold for a decent credit. If we're successful in doing so, we will then be trading an iron condor. I'll follow up with more discussion about that in subsequent posts.
Good trading!
Now, the directional move will not, on its own, allow us to take the trade off. The reason is because the spread consists of a long and short position, both of which will be effected by the respective option's delta. We may see some profitability because the short option has a higher gamma than the long, protective put. Our real profits will come from theta decay and that just takes some time...
With continued upside in the market we will start looking for a call spread that can be sold for a decent credit. If we're successful in doing so, we will then be trading an iron condor. I'll follow up with more discussion about that in subsequent posts.
Good trading!
Monday, January 22, 2007
SPX Credit Spread Filled
Our SPX credit spread has been filled. We sold the 1,375 put and bought the 1,365 put for a .70 credit. This is a 10 point spread. The total risk is 10 - .70 = 9.30. The maximum return (before commissions) is about 7.5%.
The delta of the 1,375 contract was about .13, which means that there is approximately a 87% probability of the contract expiring out-of-the-money. We will not allow that contract to go in-the-money and will adjust or close the position before the market reaches the strike of our short put option.
Our goal now is 1.) to sit patiently and allow theta to erode the value of the spread while guarding against an adverse market move, and 2.) look for an opportunity to sell a call spread that meets our criteria. Right now the market does not offer a sufficient credit for a spread at any level we would be willing to sell. The S&P 500 will need to move to higher price levels to make it possible.
Our analysis of potential call spreads will follow in subsequent posts.
The delta of the 1,375 contract was about .13, which means that there is approximately a 87% probability of the contract expiring out-of-the-money. We will not allow that contract to go in-the-money and will adjust or close the position before the market reaches the strike of our short put option.
Our goal now is 1.) to sit patiently and allow theta to erode the value of the spread while guarding against an adverse market move, and 2.) look for an opportunity to sell a call spread that meets our criteria. Right now the market does not offer a sufficient credit for a spread at any level we would be willing to sell. The S&P 500 will need to move to higher price levels to make it possible.
Our analysis of potential call spreads will follow in subsequent posts.
Credit Spread and SPX Market Update
Friday saw the market rally after an initial sell-off. Volume expanded modestly on the NYSE, but the NASDAQ was showing signs of resistance among institutional buyers. Despite the rally, the week posted a loss.
The first full week of earnings season has been mixed. Positive earning surprises have outnumbered negative surprises by a ratio of about 1.5-to-1. During Q3 earnings season, positive earnings surprises outnumbered negative surprises by a ratio that exceeded 2-to-1. Earnings growth continues to rise, however it does appear to be slowing. Slowing earnings growth will eventually take a toll.
Looking at the chart suggested that the S&P 500 continues to trade within expected ranges and despite the softness we witnessed last week there was nothing to change our view of the current trend. This morning the markets have sold off, with the SPX now down about eight points. Our prior order should have filled as it is only about a dime away from the bid price, but it has just been sitting there.
With the market not touching the bull put spread order, I took the opportunity to re-examine the option chain. I did not want to shave anything off of the limit price because we are so close to what the market is asking and there is plenty of room for the market maker to make their day's wage. However, the sell-off today does allow me to move the spread a bit further away and still get a good credit.
My prior order has been cancelled and I've moved an additional five points away from the money. I'll shave a nickle or dime off of the asking price, which I am willing to do since I have additional cushion. That order is now open and at last check was within a nickle of the bid price.
The first full week of earnings season has been mixed. Positive earning surprises have outnumbered negative surprises by a ratio of about 1.5-to-1. During Q3 earnings season, positive earnings surprises outnumbered negative surprises by a ratio that exceeded 2-to-1. Earnings growth continues to rise, however it does appear to be slowing. Slowing earnings growth will eventually take a toll.
Looking at the chart suggested that the S&P 500 continues to trade within expected ranges and despite the softness we witnessed last week there was nothing to change our view of the current trend. This morning the markets have sold off, with the SPX now down about eight points. Our prior order should have filled as it is only about a dime away from the bid price, but it has just been sitting there.
With the market not touching the bull put spread order, I took the opportunity to re-examine the option chain. I did not want to shave anything off of the limit price because we are so close to what the market is asking and there is plenty of room for the market maker to make their day's wage. However, the sell-off today does allow me to move the spread a bit further away and still get a good credit.
My prior order has been cancelled and I've moved an additional five points away from the money. I'll shave a nickle or dime off of the asking price, which I am willing to do since I have additional cushion. That order is now open and at last check was within a nickle of the bid price.
Friday, January 19, 2007
SPX Bull Put Credit Spread Update
Well, no fill yesterday. This morning, the SPX was again in the red and my limit price was well below the mid point of the credit spread's combined bid/ask spread. Typically, I would expect to get filled on an SPX vertical spread once I am a dime or more below the mid-point.
The order remains open. Again, I'm cautious right now because of earnings being released. Apple, Inc., disappointed yesterday with their guidance and the stock tumbled taking the NASDAQ with it. It is off slightly again today. I do not want to get caught on the wrong side of a correction, especially if I settle for a cheap spread.
If I am not filled today, I'll review things over the weekend and post my thoughts here.
Good trading!
The order remains open. Again, I'm cautious right now because of earnings being released. Apple, Inc., disappointed yesterday with their guidance and the stock tumbled taking the NASDAQ with it. It is off slightly again today. I do not want to get caught on the wrong side of a correction, especially if I settle for a cheap spread.
If I am not filled today, I'll review things over the weekend and post my thoughts here.
Good trading!
Thursday, January 18, 2007
SPX Credit Spread Update
What you see above is a candle stick price chart of the S&P 500 from the Market Club service. I have been watching the index's price chart because the market is extended off of a recent pull-back to it's 50-day moving average and now seems ready to consolidate.
Yesterday, we had placed a limit order for a bull put, vertical credit spread. The limit price was at or below the quoted mid-price of the spread. That order was not filled, however. This morning, the market is again soft and our limit order is back on. At differing times this morning, the mid-price for the credit spread was well above our limit order price.
I am not chasing this trade by lowering the limit price on my order, although there is room for me to do so. The reason I do not want to reduce my limit price is because I believe that market may see some additional consolidation. The fact that earnings are being announced creates some additional uncertainty.
Patience is a virtue they say. I would much rather miss this trade and be sidelined this month, than jump into a trade out of frustration and find that the market continues to pull-back. In the meantime, the order is placed and I'll keep you posted.
Wednesday, January 17, 2007
Hunting an Iron Condor Options Trade for February
About midway through yesterday's trading day, I placed an order for the 1,370-1,380 bull put vertical credit spread. My limit order was placed at, or slightly above, the mark price in expectation that we might see some additional selling toward day's end. That selling did not materialize and the order was not filled.
With the market again soft today, I have renewed the order but shaved a dime off of the limit price. The mid-price on the spread has been trading at or slightly above my limit, so there is a chance for that order to fill. With earnings season around the corner, I am a little cautious and do not want to chase this trade by shaving anything more off of the order price.
The S&P 500 is consolidating, pulling back to its trend line and technical support. I have already identified the bear call spread I'm interested in opening but will wait to see if we get a bounce off of support. Once we see a decent up day I'll likely place the bear call spread order. If and when filled, that will complete the upper and lower wings of an iron condor position.
We will talk more about the position as it materializes and I will post updates here, so be sure to check back.
Good trading!
Christopher Smith
TheOptionClub.com
With the market again soft today, I have renewed the order but shaved a dime off of the limit price. The mid-price on the spread has been trading at or slightly above my limit, so there is a chance for that order to fill. With earnings season around the corner, I am a little cautious and do not want to chase this trade by shaving anything more off of the order price.
The S&P 500 is consolidating, pulling back to its trend line and technical support. I have already identified the bear call spread I'm interested in opening but will wait to see if we get a bounce off of support. Once we see a decent up day I'll likely place the bear call spread order. If and when filled, that will complete the upper and lower wings of an iron condor position.
We will talk more about the position as it materializes and I will post updates here, so be sure to check back.
Good trading!
Christopher Smith
TheOptionClub.com
Tuesday, January 16, 2007
Our First Credit Spread Option Trade for 2007
The New Year is off to a good start!
Today saw our first credit spread option trade on the SPX close out for a .10 debit. The trade was opened on December 29th for a .60 credit, leaving us with a net .50.
The spread was 10 points wide, so the total amount at risk was 10 - .60 = 9.40. Our net return is .50 / 9.40 = 5.3%. Considering that this trade was open a mere 18 days, that's not bad.
So we're now up over 5% year-to-date on our SPX trades. Considering that we're still in January and that the S&P 500 averages about 8% per annum, we are well ahead of the game.
This was not an accident or just "good luck", because there was a high probability of this being a successful trade from the moment it was opened. Once the credit spread was in place, we just left it alone until we could close it out for a modest profit.
If you are not familiar with credit spreads, or stock options for that matter, be sure to enroll in our free options trading mini-course. That mini-course will:
Oh, and right now you'll also receive our 2007 Stock Options Education Report. That report documents precisely what you need to do to master stock options, so you will not fall prey to high priced seminar promoters...
Good trading!
Christopher Smith
TheOptionClub.com
Today saw our first credit spread option trade on the SPX close out for a .10 debit. The trade was opened on December 29th for a .60 credit, leaving us with a net .50.
The spread was 10 points wide, so the total amount at risk was 10 - .60 = 9.40. Our net return is .50 / 9.40 = 5.3%. Considering that this trade was open a mere 18 days, that's not bad.
So we're now up over 5% year-to-date on our SPX trades. Considering that we're still in January and that the S&P 500 averages about 8% per annum, we are well ahead of the game.
This was not an accident or just "good luck", because there was a high probability of this being a successful trade from the moment it was opened. Once the credit spread was in place, we just left it alone until we could close it out for a modest profit.
If you are not familiar with credit spreads, or stock options for that matter, be sure to enroll in our free options trading mini-course. That mini-course will:
- Introduce you to stock options;
- Reveal why options are so important for your financial future;
- Explain what comprises the value of a stock option;
- Let you in on the secret to profiting regardless of market direction;
- Show you what a credit spread is and how to trade it; and
- Demonstrate how to explode credit spread results!
Oh, and right now you'll also receive our 2007 Stock Options Education Report. That report documents precisely what you need to do to master stock options, so you will not fall prey to high priced seminar promoters...
Good trading!
Christopher Smith
TheOptionClub.com
Monday, January 15, 2007
Credit Spread Trading on the SPX
At the present time, I am waiting to close my first SPX credit spread position for the 2007 calendar year. That position was opened before I started this blog, so I thought we might cover some basic concepts while we wait to jump into February positions.
The concept behind my trading on the SPX is to adopt high probability positions. To maintain positions with a high probability of being profitable, I want identify the prevailing trend of the market and favor that trend. The goal is not to predict where the market is headed, but simply to pay attention to where it seems to be going.
If I am successful at recognizing the direction in which the market is headed I then have the opportunity to sell options outside of its anticipated path. I will sell both put and call options, if the market conditions favor such sales.
Sell puts or calls carries certain risks. Those risks can be substantial and must be recognized and dealt with if you have any real expectation of being profitable over the long term. For this reasons I never sell options on the SPX without also simultaneously buying other options.
The result of my simultaneous purchase and sale is the creation of a vertical credit spread. These credit spreads may consist of calls or puts. If you would like to know more about credit spreads, be sure to enroll in our free option trading mini-course.
Christopher Smith
TheOptionClub.com
The concept behind my trading on the SPX is to adopt high probability positions. To maintain positions with a high probability of being profitable, I want identify the prevailing trend of the market and favor that trend. The goal is not to predict where the market is headed, but simply to pay attention to where it seems to be going.
If I am successful at recognizing the direction in which the market is headed I then have the opportunity to sell options outside of its anticipated path. I will sell both put and call options, if the market conditions favor such sales.
Sell puts or calls carries certain risks. Those risks can be substantial and must be recognized and dealt with if you have any real expectation of being profitable over the long term. For this reasons I never sell options on the SPX without also simultaneously buying other options.
The result of my simultaneous purchase and sale is the creation of a vertical credit spread. These credit spreads may consist of calls or puts. If you would like to know more about credit spreads, be sure to enroll in our free option trading mini-course.
Christopher Smith
TheOptionClub.com
Sunday, January 14, 2007
Iron Condor and Credit Spread Trading on the SPX
A recurring theme on our options trading discussion boards at TheOptionClub.com has been the topic of trading iron condor spreads and credit spreads on a major equity index such as the S&P 500. At various times over the past two years I have hosted a dedicated discussion board and have shared quarterly results of my personal trading. This year I plan to do something similar, here on Blogger.
At present, I maintain one open credit spread on the SPX cash index. The SPX tracks the S&P 500, which is commonly used as a bench mark for the health and vibrancy of the U.S. stock market. It is a weighted average, consisting of the 500 largest companies trading on U.S. exchanges. It's size, combined with the fact that many institutional traders utilize SPX options as market hedges, makes it an ideal choice for our particular style of trading.
I do not currently have specific parameters for this blog, but will allow it to develop on its own based upon feedback from readers. At a minimum, I hope this will be an exciting 12-month journey that brings both you and I new understandings and insights into how to minimize market risks in our portfolios, while achieving extraordinary profitability.
If you are not familiar with options trading, I encourage you to spend some time learning about these highly flexible financial tools. Their risk is over played, and with the proper education you can learn how to use them to actually limit risks in your accounts while also possibly enhancing profits from existing investments. There are a lot of companies that will offer to educate you, some are better than others.
To make your journey easier, I would like to offer you a free copy of the 2007 Stock Options Education Report. It will outline for you what you need to spend you time learning about and how to ferret out legitimate education providers from those others who will take your money but not satisfy your needs. Along with the guide, I will provide you with my stock options mini-course.
This should be fun! I'm looking forward to posting here over the next year and hope that you'll join me on a regular basis to share information, insights, and hard earned wisdom.
Christopher Smith
TheOptionClub.com
At present, I maintain one open credit spread on the SPX cash index. The SPX tracks the S&P 500, which is commonly used as a bench mark for the health and vibrancy of the U.S. stock market. It is a weighted average, consisting of the 500 largest companies trading on U.S. exchanges. It's size, combined with the fact that many institutional traders utilize SPX options as market hedges, makes it an ideal choice for our particular style of trading.
I do not currently have specific parameters for this blog, but will allow it to develop on its own based upon feedback from readers. At a minimum, I hope this will be an exciting 12-month journey that brings both you and I new understandings and insights into how to minimize market risks in our portfolios, while achieving extraordinary profitability.
If you are not familiar with options trading, I encourage you to spend some time learning about these highly flexible financial tools. Their risk is over played, and with the proper education you can learn how to use them to actually limit risks in your accounts while also possibly enhancing profits from existing investments. There are a lot of companies that will offer to educate you, some are better than others.
To make your journey easier, I would like to offer you a free copy of the 2007 Stock Options Education Report. It will outline for you what you need to spend you time learning about and how to ferret out legitimate education providers from those others who will take your money but not satisfy your needs. Along with the guide, I will provide you with my stock options mini-course.
This should be fun! I'm looking forward to posting here over the next year and hope that you'll join me on a regular basis to share information, insights, and hard earned wisdom.
Christopher Smith
TheOptionClub.com
Subscribe to:
Posts (Atom)
