Think About What You Are Doing
52Options University
I don't have time for this! Looking at stock and option screeners, making a short list, doing the fundamental and technical analysis, and using an option calculator to figure out the Greeks can be exhausting. Bust my butt and then after all that work, get kicked in the teeth.
I love option trading but-to be honest-there just isn't enough time for me to do all the due diligence and I'm not so sure that I will ever acquire the level of knowledge that other traders have. Just when I think I understand it, I find out I'm just scratching the surface. I think I've bought into the illusion of my own abilities. So, the question is: do I want to be trading options because of my ego or do I want to make money? Do I want to complicate my life even more than it is or do I need to start doing an analysis of the cost benefit of how I use my time? Seems obvious, doesn't it.
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Steve Nison's Strategies for Profiting with Japanese Candlestick Charts
Price: $230.88
List Price: $395.00 |
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Options Trading 101: From Theory to Application
Price: $18.80
List Price: $29.99 |
Options University just came out with a new program; it's something that makes a lot of sense. They will use their professional trading expertise to not only trade their own accounts but will let a subscriber to their service look over their shoulders and make the same option trades they do. Not only that, they will send emails or text messages when things need to be attended to. This new program appeals to me because it does three things: 1) Makes me more passive income; 2) Allows me to focus on other aspects of my life; 3) if I want, I can learn the real nitty-gritty of options trading from the pros. No more wasted time trying to keep up with something that requires full time commitment and, yes, maybe a better intellect than I possess. So be it. My end game is to optimize passive income and if the cost benefit is there-only ego would stand in the way.
I look at it this way, if the Options University Strategist program can show me just a net return of over 15% per year, it's a no brainer. That's my criteria. Moreover, I won't have to use my free time reading about things I really don't like. My quality of life should improve greatly as a result of the added free time. FOUR!!! MATCH POINT!!! Good bye, Black-Scholes. Hello better returns on my investment capital.
I have an IRA that has been languishing and loaded down with low yielding but "safe" investments; just what you don't need in a tax advantaged investment vehicle. How stupid! That's where the higher risk-reward money should be to juke by the capital gains taxation. But high reward investments need high level knowledge to reduce the risk.
I know enough about stock options to know that they are fantastically flexible and can be used effectively in any market condition. But to realize that potential by myself just isn't going to happen. All you have to do is go to some of the stock option trading blogs and read. It takes about two seconds to see that what the small investor knows about stock options is rudimentary at best. Besides, if a pro can't get me at least 15% returns a year, I think I'll start investing in laddered bonds and forget about the markets altogether.
To learn more about trading options, take advantage of Options University to give you the education on everything you need to know about options-from basic to master.
Greg Wolfe's Weekly Market Report for January 22, 2008, from Options University
Options University's Investors Blog
- Options 101 #55 Chapter Four Answers
Chapter Four Answers 1) You have Dell Computer options in your account with the symbol DLQDE. Which month and strike do they represent? a) April $25 Notice that you do not even need to know the root symbol for the underlying stock if you are only trying to determine the month and strike. The ...
- Test Options 101 # 54 Chapter Four Questions
http://www.optionsuniversity.com/blog/images/booleanbrain.jpg 1) You have 5 Dell Computer options in your account with the symbol DLQDE. Which month and strike do they represent? a) April $25 b) May $20 c) May $25 d) April $27.50 2) For any option symbol, the last two letters always designate (in order): a) Month and style b) Month and strike c) Strike and month d) Strike ...
- Options 101 #53
Leaning Against the Book We just learned how to gain an advantage against the market makers when trading small numbers of contracts. However, there is a tactic used by market makers that can hurt you if you are trading larger numbers of contracts, say 20 or more. Let’s use the above ...
- Options 101 #52
If any order matches a previous order it will be placed in line according to the time it arrived. For instance, if the next order is to sell 6 contracts at a limit of $2.25 This process continues until all the orders are on the books. Of course, the final list ...
- Options 101 #51
Stop Limit Orders A stop limit order is an extension of a stop order. The difference is that stop limit orders convert to a limit order, which means your shares will be sold only if the limit price or higher can be and guarantee a price. But as with any limit ...
- Options 101 #50
http://www.optionsuniversity.com/blog/images/booleanbrain.jpg All-or-None (AON) If you do not wish to get a partial fill, you can place an all-or-none (AON) restriction on your order. This is simply done by checking off the AON box at the order entry screen when you enter the trade. This just tells the market makers to not ...
- Options 101 #49
http://www.optionsuniversity.com/blog/images/booleanbrain.jpg Despite the small risk of adverse price movements, if you must get in or out of a trade, then the market order is still your best choice. It is the only way to be sure you are in or out of the trade. However, there may be times ...
- Options 101 #48
http://www.optionsuniversity.com/blog/images/booleanbrain.jpg Automatic Exercise While we’re on the topic of exercising options, there is a procedure that, while intended to be beneficial, can be potentially detrimental if you are not aware of how it works. That procedure is automatic exercise and the way it works is this: If an option is at ...
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Options Trading Strategies Resources
- Options Trading Strategies for Safer Investing | Options University
Options Trading Strategies for Safer Investing and Bigger Profits by Options University - thinkorswim Home - Stock Option Investing - Stock Option Trading - Online Trading Stocks and Options
Online Trading Stocks and Options - Helping self directed option traders with the tools they need to succeed in stock option trading and stock option investing. - The Option Strategist: best selling book, free commentary and data
Lawrence G. McMillan's - The Option Strategist. The best internet resource for short term stock and option trading: options strategy, tools, data, advisories, and more. Free weekly commentary, online seminars and more. - BigTrends.com: Option Trading, Stock Trading Resources from Price Headley
Price Headley is the founder of BigTrends.com, which provides investors with specific real-time stock and options strategies and investment education to profit from significant market trends. - Blaine561.com by Blaine Findlay, Screenwriter
Blaine561.com is the creation of Blaine Findlay, Screenwriter, SEO Consultant, Website Designer, and Options Trading Strategist, come participate on my new Blog.
Options Trading Resources: Essentials
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Beyond Candlesticks: New Japanese Charting Techniques Revealed (Wiley Finance)
Price: $50.00
List Price: $95.00 |
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The Candlestick Course
Price: $41.86
List Price: $75.00 |
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Japanese Candlestick Charting Techniques, Second Edition
Price: $51.00
List Price: $100.00 |
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The 7 "Golden Rules" for Option Trading Success with Price Headley (DVD)
Price: $5.26
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Steve Nison's Strategies for Profiting with Japanese Candlestick Charts
Price: $230.88
List Price: $395.00 |
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Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits
Price: $49.97
List Price: $90.00 |
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The 7 "Golden Rules" for Option Trading Success with Price Headley (DVD)
Price: $5.26
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