SteadyOptions'  Instablog

SteadyOptions
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Active part-time options trader. Trades mostly non-directional strategies, like pre-earnings strangles and iron condors. Likes to trade strategies with negative correlation. Lives in Toronto, Canada. Follow me on Twitter: http://twitter.com/#!/akivak
My blog:
Mastering The Non-Directional Trading
  • Steady Options 2013 - Year In Review 0 comments
    Jan 22, 2014 6:34 PM

    2013 marks our second year as a public service. Overall, we had an excellent year. We closed 186 trades in 2013 which produced 91.7% ROI, based on fixed $1,000 allocation per trade (non-compounded) and 6 trades open. The winning ratio was pretty consistent around 60%. We had only two losing months in 2013. Check out the Performance page to see the full results. Please note that those results are based on real fills, not hypothetical performance.

    What makes SO different?

    First, we use a portfolio approach, that may include a variety of non-directional strategies. We balance the portfolio in terms of options Greeks. The earnings trades are vega/gamma positive and theta negative. To balance them we might open calendars, Iron Condors or butterfly trades which are theta positive. We might use a mix of different expirations to balance the gamma.

    Second, our performance is based on real fills. Each trade alert comes with screenshot of my broker fills. Many services base their performance on the "maximum profit potential" which is very misleading. Nobody can sell at the top and do it consistently.

    Our performance reporting is completely transparent. All trades are listed on the performance page, with the exact entry/exit dates and P/L percentage.

    We place a lot of emphasis on options education. There is a dedicated forum where every trade is discussed before the trade is placed. We discuss different strategies and potential trades. Unlike most other services that just send the trade alerts, our members understand the rationale behind the trades and not just blindly follow the alerts. SO actually helps members to become better traders.

    Take a look at the full post here.

    Subscription is now open to new members for a limited time.

    Happy Trading from SO!

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