Andrew Crowder's  Instablog

Andrew Crowder
Send Message
Over the last few years I have worked diligently towards refining several of my favorite and most successful stock options strategies. My hard work and diligence have proven to be a success and now I want to share my ideas and strategies with a limited group of like-minded investors. My options... More
My company:
My blog:
Crowder Options
  • Responsible Options Strategies 3 comments
    Sep 20, 2011 8:10 PM | about stocks: QQQ, DIA, SPY, IWM

    I had the pleasure to speak with a gentleman from a prominent newsletter service this past week. It was interesting to see just how he traded and how his newsletter service and others that he was affiliated with used options.

    As I suspected – irresponsibly. And I told him so.

    His response – I was an idealist.

    An idealist? Why? Because I do not allow marketing efforts control my options strategies? Because I do not gamble with options by attempting to guess which way an earnings call will go? Because I do not buy out-of-the-money options in hopes that an option will move towards my chosen strike price? I could go on and on.

    I was amazed how little he knew about how to effectively trade options. He actually asked me about how I used statistics and gain an advantage in my trading. This man has been in the industry as an editor for several major newsletter publications for nearly 15 years. 15 YEARS!

    And yet, he doesn’t know how to create a trade with a probability of success of your choice – be it 70%, 80% or 90% chance of success.

    He stated that using credit spreads does not work for the retail public. It doesn’t sell. It’s too complicated.

    I could not believe what I was hearing. This pompous man, who had no clue about the true advantages of credit spreads (like in our Theta Driver Options Strategy) basically felt as though the public was too stupid to place a credit spread.

    He told me that his marketing department told him not to use credit spreads in their options services as the quick, gambling mentality was a bigger seller.

    That might be so – at least for now.

    But that is my goal with this service. My goal over the past six years. I do not market, I do not tout outlandish gains. I only try to bring to you the best strategies that I know. The strategies that floor traders use. The strategies that create real statistical advantages. And then I try to incorporate risk-management techniques as well. He actually scoffed at that as well.

    If you want an options strategy with a gambling mentality then my service is not for you. I am not a gambler and therefore I do not offer daily trades with no statistical advantages.

    Patience is the key ingredient to the success of my strategies and forcing a trade is, in most cases, detrimental to any strategy. My strategies requires patience coupled with a disciplined approach. Waiting for the appropriate scenario to recommend trades with a high probability of success is what makes my options strategies successful.

    I am a realist. I realize there is no holy grail in trading. However, one thing I do know for certain is that I have found several unique, and concrete strategies that make the world of sense to me and I trade them to make serious money over the long-term. Furthermore, I realize that the less I trade, the better my strategies will perform over the long run: And the long run is what matters. This is what makes my strategies unique and so far, successful.

    If you haven’t already, don’t forget to sign-up for my Free 30-day trial.

    Also, for those of you who live on Facebook. You can access my daily info on the social network as well. Just click on LIKE.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
    Stocks: QQQ, DIA, SPY, IWM
Back To Andrew Crowder's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • JustinTShipp
    , contributor
    Comments (30) | Send Message
    Over the last 3 weeks my avg. With option per week is 300%. Because i followed the trends. Last week i bought PUTS on EUO 100% return.. Same time fed made an announcement, last wed. Market tanked instantly at 2pm.. I bought PUTS. Thurs. Market down -400 at one point. Option made over 300% but i sold at 300%. This week, futures looked good for monday (S&P 500) bought 1175 CALLS.. They were up 300% and i sold. At the same time i bought 35 CALLS for MCP which i sold when they were up 280%. Everything i do is following instant trends. "This week" started with $1950 for the S&P CALLS and the MCP CALLS. Both weekly options... Now im at $5700. Ive banked my $1950. Now i have $3750 (pure profit) which i purchased netflix PUTS @90. Which expires next friday. Following the trend. You say free trial.. I say what? If you really are making money, give you knowledge for free and help society. Im teaching everyone i know for free! Im making money, sounds like you are too... Why charge? It baffles me. Greed. Knowledge should be given to those that seek it. Not purchased. Im 26 still learning own my own, each trade. But i teach others what ive learned along the way for FREE. And sometimes... I learn from them.
    30 Sep 2011, 01:06 AM Reply Like
  • JustinTShipp
    , contributor
    Comments (30) | Send Message
    I am get rich method. But ever time my option gives me returns i put 40% in the bank and 60% back into investing. How can you not be get rich? When hundreds of stock options make 500% + return daily! My mentor turned 2500 into 240000 in one month and laughed. And also said "avoid internet chat" they dont get it... Then he bet it all. And lost!!!!! Im perfecting the method. Good thing about crazy harry is.. He bought a vet and took care of his new "ladies"
    30 Sep 2011, 01:13 AM Reply Like
  • dollarpete
    , contributor
    Comments (4) | Send Message
    Could you share with me your method?


    9 Jan 2014, 11:05 AM Reply Like
Full index of posts »
Latest Followers


More »

Latest Comments

Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.