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Kim Klaiman is a full time options trader and founder of SteadyOptions. He trades mostly non-directional strategies, like pre-earnings strangles and iron condors. Likes to trade strategies with negative correlation. He lives in Toronto, Canada. Visit the forum. SteadyOptions... More
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  • SteadyOptions Introduces Level 1 Subscription

    We are pleased to introduce a new subscription package - Level 1 subscription.

    This subscription will provide access to all members forums except for the actual trades and trade discussions dedicated to the specific strategies (SteadyOptions, Anchor Trades or Steady Condors).

    The limited time introductory price is $49/Quarter or $149/Year, for the first 50 members.

    Level 1 members will have access to over 4,500 historical posts, discussing various strategies, trading philosophy, the Greeks etc. From time to time, there are some trade suggestions which are discussed among members. There is a special column from the options veteran Mark Wolfinger. There is a separate forum dedicated to directional and speculative trades.

    During the first 2 months, members will have an option to upgrade to one of the full membership packages (SteadyOptions, Anchor Trades or Steady Condors) and get a full refund of the Level 1 membership fee.

    Sign Up Now


    SteadyOptions team

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    Feb 26 11:28 PM | Link | Comment!
  • Correction? What Correction?

    The stock market is going through rough times. The major indexes are down 5-7% in the last couple weeks. At the same time, SteadyOptions model portfolio is up more than 30%. We are not trying to predict where the market is going.

    Our latest earnings trades performed very well, including:

    • (GMCR) calendar +33%
    • (CF) calendar +62%
    • (YUM) straddle +18%
    • (GOOG) calendar +50%
    • (AMZN) calendar +48%
    • (CMG) calendar +25%
    • (QCOM) straddle +14%
    • (V) calendar +18%
    • (MA) straddle +15%
    • (FFIV) calendar +20%
    • (NFLX) calendar +30%

    Those are trades from the last two weeks alone. All of them were non-directional.

    Unlike many other services, our performance is based on our real fills, and an actual trading account (not paper money). All trades are sent in real time, include screenshots of our fills and are fully documented.

    We do not promise a holy grail or make any guarantees. Trading is hard work and requires time and effort. Our focus is on risk management. We trade non-directionally. We trade volatility, not direction. Take a look at an example of how we took advantage of the Implied Volatility and market inefficiency.

    The subscription is now open for a limited time.

    Click here to join

    Feb 06 6:50 PM | Link | Comment!
  • SteadyOptions Now Offeres Auto-Trading

    We are pleased to announce that we will start offering auto-trading effective February 8, 2014. This post will provide full details about our auto-trading program.

    What is auto-trading?

    Auto-trading is when subscribers of trading newsletters prefer that their accounts be traded automatically based on the newsletter's trade alerts. With auto-trading you can allocate a portion or all of your account (percentage, dollar amount, or number of units) per recommended trade and we place the trades for you. Please read SEC Risk Disclosure on Autotrading.

    How our auto-trading is different from most other services?

    Most services send the broker emails including trade alerts and the broker's trade desk places the orders in the client accounts. In some cases (like auto-trading with Interactive Brokers), this is done through third party providers (Global Auto-Trading). In our case, the trades will be placed directly by Lorintine Capital, LP. By doing that, we are eliminating the middle man (the broker's trade desk or GAT). This creates better and more reliable execution, especially in fast moving markets, and reduce costs. Most other competing services cannot do this because they are not licensed investment advisers.

    Which strategies will be auto-traded?

    We will begin with auto-trading Steady Condors, Anchor Trades, and the Ratio Diagonal Strategy (currently the SPY Ratio Diagonal). We will be supplementing this with more strategies in the future as we expand. Contact Chris and Jesse for more details or me through the site if you are interested. The Diagonal Strategy will be available to Anchor Trades members only.

    What is the account size for auto-trading?

    The account size for Steady Condors is $40,000-120,000 (1-3 units), for Anchor Trades $50,000-120,000 and for the ratio Diagonals $20,000-120,000. For larger account sizes, we recommend using our Managed Accounts.

    Which broker will we use?

    We will be using TD Ameritrade Institutional. We will provide you with all necessary paperwork to open a TD Ameritrade Institutional account. Lorintine Capital has negotiated a competitive commission rate of only $0.75/contract with no ticket charge, and we are optimistic about further reductions in the future as monthly contract volume grows. Auto-trade commissions are based on the volume of all accounts so everyone will benefit from future reductions regardless of account size.

    We are aware that many of our existing and prospective members have accounts with IB. However, members cannot use their existing accounts anyway since all accounts have to be under institutional platform.

    How much does it cost?

    The auto-trading fee will be $50/month per account per strategy for the first strategy/account, and $40/month for each subsequent strategy/account. The fee will be deducted directly from your trading account. For comparison purposes, GAT is charging $70/month for the first service and $30 for the second service. They count each allocation line as a service for auto-trading billing purposes, so they might consider Steady Condors as two services and charge $100/month.

    When considering the benefits of direct execution, low commissions and low auto-trading fees, our auto-trading program is among the cheapest available on the market.

    Please see full details here.

    SteadyOptions Team

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    Feb 05 4:26 PM | Link | Comment!
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