How do I get started in index options trading ?
There is a learning centre at CBOE website for free provided for the public awareness and options education. You can open a virtual account and practice paper trading, learning the craft so as to speak. A basic knowledge of how options work is needed which can be easily learned. I provide carefully selected easily executed trades every month and simple instructions. Since I trade in our accounts these very trades we also live by.
How much money I need to get started?
That depends on your personal needs. When starting always trade small with fewer positions till you get familiarized with option trades and get used to it. Many people start with just $5000 accounts, Some with $100,000. Bigger accounts also have the same risks as smaller accounts. Everyone trades numbers of contracts as per their comfort zone and level.
Why do you trade Index options?
Indexes have a certain predictability and consistency unlike stock options. They do not gap up or down like stocks during earnings season and company news. Indexes also have lower volatility than some stocks. Each index is a composite of hundreds of stocks, and has many strikes and prices to select and chose from. Its not that we do not trade stock options, those trades are also posted here, but they are much different in nature than index options trades. Several higher priced stocks are used withe the same strategies as indexes.
How long you hold trades?
Trades are short term meaning 30- 45 days at the most. We select near month strikes for maximum gains. Most of these trades expire worthless on expiration day. Some trades are closed early and margins are released and invested into next month for maximum gains.
Do you use stop losses in your trades ?
Highly recommended when entering trades, you pre-define as how much loss you are willing to take and place spread stop losses on all your trades. For instance, I place my stop losses, when the spread has doubled from the net credit taken in, the stop loss order kicks in getting me out. That way I only have one month more to make up the loss in that trade. Placing stop losses is a personal decision and its up to each persons risk tolerance and outlook.
Do all your trades make money?
No.We win more than we can lose. This is not a day trading speculative stock chasing line of work. The risks are minimized, only high probability trades are selected and when the market conditions are right these orders executed. No one can promise that, if they do there is something wrong.
Do I have to monitor the trades ?
Attention needs to be paid and monitoring is recommended. You do not have to watch the markets as they trade on a constant basis. This not a day trading vehicle where ups and downs are calculated everyday. There is no trading involved unless there is an emergency.
How many trades you post every month?
Usually 2-6 trades are posted in the portfolio. It all depends how the markets are working and if there enough premiums available. Two iron condors which consists of 2 spreads each are the norms. There are other bonus trades as they happens and opportunities arise. You just have to pick and choose those that you like and there is no requirement you follow all the trades.
What kind of brokerage account I need?
You need to have an account with an options broker that understands options and prices are very competitive at majority of these brokers. You should not be paying more than $1 per contract to keep your costs down to a minimum. Your option broker should only margin you on one side of the iron condor and you should ask them before opening an account.
Whats the minimum account size I need to start ?
The minimum account I have seen is $2500. Start small and build up. Its the yield that matters, earn 5% on $2500 or $250,000, the yield remains the same.
Is my personal information safe?
Yes. Your personal information will not be sold of distributed. Signing via paypal is very secure all your personal information is shielded from the merchant. Your email and any information provided is kept with strict confidence using industry wide guidelines.
Do you provide any guarantees ?
If these conservative income generation strategies fail to provide an overall portfolio profit in any given month, all fees are refunded via paypal for that month. No profit no fee guarantee.
Do you execute these trades?
Yes all these trades are done in personal accounts.
I do not have an options account. Do you know any options brokers?
If you need help please contact via email. Brokerage account vendors are not posted on the site unless they advertise here.
How much it costs?
Its $ 49.95 USD per month.
Do you have any trial period?
Subscribe today for a free 30 day trial, if within 30 days you are not satisfied, please let us know, we will refund every penny.
How do I get started?
Click below for sign up instructions and start making money,
NO RISK 30 DAY TRIAL
We never sell or distribute your personal information.
PS: Due to overwhelming demand, regret to close “no credit card required 30 day trial”
