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    <title>SteadyOptions's Comments</title>
    <description>SteadyOptions's Comments RSS Syndication from SeekingAlpha.com</description>
    <link>http://seekingalpha.com/user/354402/comments</link>
    <item>
      <title>A Story Worth Mentioning </title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1750181-a-story-worth-mentioning?source=feed#comment-18870661</link>
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      <content>
        <![CDATA[Just go to Options section - <a rel='nofollow' target='_blank' href='http://bit.ly/wvVVoZ'>http://bit.ly/wvVVoZ</a><br/><br/>The last article was on Jan.28. Do you need more confirmation?]]>
      </content>
      <pubDate>Wed, 15 May 2013 17:58:14 -0400</pubDate>
      <description>
        <![CDATA[Just go to Options section - <a rel='nofollow' target='_blank' href='http://bit.ly/wvVVoZ'>http://bit.ly/wvVVoZ</a><br/><br/>The last article was on Jan.28. Do you need more confirmation?]]>
      </description>
    </item>
    <item>
      <title>Unraveling The VXX Roll Yield Riddle</title>
      <link>http://seekingalpha.com/article/1421431/comments?source=feed#comment-18723171</link>
      <guid isPermaLink="false">18723171</guid>
      <content>
        <![CDATA[Correct - this why I always limit the position size AND have few vega positive trades. It's all about portfolio balance.<br/><br/>With one long correction per year, you can expect to lose 50-60% on the VXX position. But rest of the time, you should be able to make 10-15% per month on average. Even with only 10% per month, you are WAY ahead. Even  with 2 50% percent losses on the year, you still break even with 10% average gain per month. But with VXX on constant decline, you should be able to make more than 10% per month.]]>
      </content>
      <pubDate>Sat, 11 May 2013 22:22:03 -0400</pubDate>
      <description>
        <![CDATA[Correct - this why I always limit the position size AND have few vega positive trades. It's all about portfolio balance.<br/><br/>With one long correction per year, you can expect to lose 50-60% on the VXX position. But rest of the time, you should be able to make 10-15% per month on average. Even with only 10% per month, you are WAY ahead. Even  with 2 50% percent losses on the year, you still break even with 10% average gain per month. But with VXX on constant decline, you should be able to make more than 10% per month.]]>
      </description>
    </item>
    <item>
      <title>Unraveling The VXX Roll Yield Riddle</title>
      <link>http://seekingalpha.com/article/1421431/comments?source=feed#comment-18709491</link>
      <guid isPermaLink="false">18709491</guid>
      <content>
        <![CDATA[AllStreets, you are referring to calendar spread. The calendar spread has the maximum gain at the strike, so you actually want to select a strike 5-10% lower than the current price. However, you need to be precise in your strike selection to realize the maximum gain, plus this strategy will be very commissions consuming.<br/><br/>One alternative would be to go long deep ITM put 2-3 month further and short the front month put with strike slightly lower than the current price.]]>
      </content>
      <pubDate>Sat, 11 May 2013 10:48:35 -0400</pubDate>
      <description>
        <![CDATA[AllStreets, you are referring to calendar spread. The calendar spread has the maximum gain at the strike, so you actually want to select a strike 5-10% lower than the current price. However, you need to be precise in your strike selection to realize the maximum gain, plus this strategy will be very commissions consuming.<br/><br/>One alternative would be to go long deep ITM put 2-3 month further and short the front month put with strike slightly lower than the current price.]]>
      </description>
    </item>
    <item>
      <title>Unraveling The VXX Roll Yield Riddle</title>
      <link>http://seekingalpha.com/article/1421431/comments?source=feed#comment-18709361</link>
      <guid isPermaLink="false">18709361</guid>
      <content>
        <![CDATA[Generally speaking, those are synthetic strategies - however, buying puts is more commissions efficient (one transaction) and requires less margin.]]>
      </content>
      <pubDate>Sat, 11 May 2013 10:43:50 -0400</pubDate>
      <description>
        <![CDATA[Generally speaking, those are synthetic strategies - however, buying puts is more commissions efficient (one transaction) and requires less margin.]]>
      </description>
    </item>
    <item>
      <title>Unraveling The VXX Roll Yield Riddle</title>
      <link>http://seekingalpha.com/article/1421431/comments?source=feed#comment-18702151</link>
      <guid isPermaLink="false">18702151</guid>
      <content>
        <![CDATA[If you look at the VXX chart, you will find out that VXX is declining about 7-10% per month on average. There is no need for complicated algebra to see that. In the long term, shorting the VXX is the right strategy. It is true that there is always a risk of big IV spike. To mitigate that risk, we do the following:<br/><br/>1. Short VXX with ITM put options, not the stock. In case of really large IV spike, the loss is limited.<br/>2. Limit the position size of the VXX trade to no more than 10%.<br/>3. Hedge the risk with few vega positive trades.]]>
      </content>
      <pubDate>Sat, 11 May 2013 01:13:17 -0400</pubDate>
      <description>
        <![CDATA[If you look at the VXX chart, you will find out that VXX is declining about 7-10% per month on average. There is no need for complicated algebra to see that. In the long term, shorting the VXX is the right strategy. It is true that there is always a risk of big IV spike. To mitigate that risk, we do the following:<br/><br/>1. Short VXX with ITM put options, not the stock. In case of really large IV spike, the loss is limited.<br/>2. Limit the position size of the VXX trade to no more than 10%.<br/>3. Hedge the risk with few vega positive trades.]]>
      </description>
    </item>
    <item>
      <title>A Story Worth Mentioning </title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1750181-a-story-worth-mentioning?source=feed#comment-18699991</link>
      <guid isPermaLink="false">18699991</guid>
      <content>
        <![CDATA[Hayday,<br/><br/>Not sure if you are aware of the SA decision to discontinue the options category. This is the reason why we stopped writing articles. If you want to learn more about options, you are welcome to join the subscriptions services both I and Kevin have. Of course you should base your decision on your risk tolerance, the transparency of the service, the track record etc.<br/><br/>Do you really think that making 6k every week on 25k capital is realistic? That's 1,200% per year. If you think it is, then you have a LOT to learn, and you will be very disappointed when you really start trading.]]>
      </content>
      <pubDate>Fri, 10 May 2013 23:24:44 -0400</pubDate>
      <description>
        <![CDATA[Hayday,<br/><br/>Not sure if you are aware of the SA decision to discontinue the options category. This is the reason why we stopped writing articles. If you want to learn more about options, you are welcome to join the subscriptions services both I and Kevin have. Of course you should base your decision on your risk tolerance, the transparency of the service, the track record etc.<br/><br/>Do you really think that making 6k every week on 25k capital is realistic? That's 1,200% per year. If you think it is, then you have a LOT to learn, and you will be very disappointed when you really start trading.]]>
      </description>
    </item>
    <item>
      <title>10 Rules For Trading Calendar Spreads</title>
      <link>http://seekingalpha.com/article/437451/comments?source=feed#comment-18655261</link>
      <guid isPermaLink="false">18655261</guid>
      <content>
        <![CDATA[The price targets are flexible and depend on many factors (volatility, time to expiration etc.) but in general, I have targets of 20-25% on the calendars. I also like to manage them separately and not as one double calendar order. ]]>
      </content>
      <pubDate>Thu, 09 May 2013 21:05:49 -0400</pubDate>
      <description>
        <![CDATA[The price targets are flexible and depend on many factors (volatility, time to expiration etc.) but in general, I have targets of 20-25% on the calendars. I also like to manage them separately and not as one double calendar order. ]]>
      </description>
    </item>
    <item>
      <title>A Daily Options Trading Strategy For High-Flying Stocks</title>
      <link>http://seekingalpha.com/article/304428/comments?source=feed#comment-18299891</link>
      <guid isPermaLink="false">18299891</guid>
      <content>
        <![CDATA[Just wondering - shouldn't the profit target be in percentage gains and not dollar gains? Using ATM options as an example, $1 gain on a $30 GOOG option is 3%, while $1 gain on a $1 FB option is a 100% gain. Achieving that gain on FB option would be a bit more difficult.. ]]>
      </content>
      <pubDate>Wed, 01 May 2013 00:38:54 -0400</pubDate>
      <description>
        <![CDATA[Just wondering - shouldn't the profit target be in percentage gains and not dollar gains? Using ATM options as an example, $1 gain on a $30 GOOG option is 3%, while $1 gain on a $1 FB option is a 100% gain. Achieving that gain on FB option would be a bit more difficult.. ]]>
      </description>
    </item>
    <item>
      <title>A Good Option Strategy: Exploiting Earnings - Associated Rising Volatility</title>
      <link>http://seekingalpha.com/article/310703/comments?source=feed#comment-18218861</link>
      <guid isPermaLink="false">18218861</guid>
      <content>
        <![CDATA[Actually, most of the time the IV starting to rise much later than 14 days. You are correct that it might rise earlier, but in most cases, by entering earlier the IV rise will not be enough to offset the theta. The only exceptions are when the stock moves, in which case you might have some gamma gains.<br/><br/>Look at my performance page - <a rel='nofollow' target='_blank' href='http://bit.ly/16Ur5qM'>http://bit.ly/16Ur5qM</a>.<br/><br/>Most of my losers were caused by holding for too long. Examples include TIF, WFM, RL, JPM etc.<br/><br/>My 5-7 timeframe is based on over 400 trades sample. If you can provide some examples where 14 days was a better timeframe, please do it.<br/><br/>btw, Augen himself agrees that the introduction of weeklies changed the game and the timeframes are now much shorter.]]>
      </content>
      <pubDate>Mon, 29 Apr 2013 09:03:55 -0400</pubDate>
      <description>
        <![CDATA[Actually, most of the time the IV starting to rise much later than 14 days. You are correct that it might rise earlier, but in most cases, by entering earlier the IV rise will not be enough to offset the theta. The only exceptions are when the stock moves, in which case you might have some gamma gains.<br/><br/>Look at my performance page - <a rel='nofollow' target='_blank' href='http://bit.ly/16Ur5qM'>http://bit.ly/16Ur5qM</a>.<br/><br/>Most of my losers were caused by holding for too long. Examples include TIF, WFM, RL, JPM etc.<br/><br/>My 5-7 timeframe is based on over 400 trades sample. If you can provide some examples where 14 days was a better timeframe, please do it.<br/><br/>btw, Augen himself agrees that the introduction of weeklies changed the game and the timeframes are now much shorter.]]>
      </description>
    </item>
    <item>
      <title>Trading Earnings: A Tale Of Two Strategies</title>
      <link>http://seekingalpha.com/instablog/354402-steadyoptions/1776161-trading-earnings-a-tale-of-two-strategies?source=feed#comment-17939571</link>
      <guid isPermaLink="false">17939571</guid>
      <content>
        <![CDATA[Kevin, if you are reading this, I would really love to get your response/comments. This could be an interesting discussion that can benefit our readers. If you do respond, please stick to professional comments like I did.<br/><br/>I especially would welcome any kind of statistics on your held through earnings trades. Like I mentioned, they can work great if the stock cooperates, the question is how you deal with occasional catastrophic losses and adjust your position sizing.]]>
      </content>
      <pubDate>Mon, 22 Apr 2013 13:42:33 -0400</pubDate>
      <description>
        <![CDATA[Kevin, if you are reading this, I would really love to get your response/comments. This could be an interesting discussion that can benefit our readers. If you do respond, please stick to professional comments like I did.<br/><br/>I especially would welcome any kind of statistics on your held through earnings trades. Like I mentioned, they can work great if the stock cooperates, the question is how you deal with occasional catastrophic losses and adjust your position sizing.]]>
      </description>
    </item>
    <item>
      <title>My Definitive 17 Cardinal Rules For Investing Success</title>
      <link>http://seekingalpha.com/article/1153001/comments?source=feed#comment-17868821</link>
      <guid isPermaLink="false">17868821</guid>
      <content>
        <![CDATA[Outstanding article and very useful rules. I would say that rule 4 (always hedge) is the most important. If you don't use it, in case of 2008 like event (and it's matter of of when not if such event will occur again) all other rules are worthless. If you don't hedge, you might still lose less, but you still will lose a LOT. if you hedge and do it correctly, you might even make money in a bear market.]]>
      </content>
      <pubDate>Sat, 20 Apr 2013 10:16:15 -0400</pubDate>
      <description>
        <![CDATA[Outstanding article and very useful rules. I would say that rule 4 (always hedge) is the most important. If you don't use it, in case of 2008 like event (and it's matter of of when not if such event will occur again) all other rules are worthless. If you don't hedge, you might still lose less, but you still will lose a LOT. if you hedge and do it correctly, you might even make money in a bear market.]]>
      </description>
    </item>
    <item>
      <title>A Story Worth Mentioning </title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1750181-a-story-worth-mentioning?source=feed#comment-17861101</link>
      <guid isPermaLink="false">17861101</guid>
      <content>
        <![CDATA[Not sure what was the point to send me a message that you are restricted from commenting, and then posting those comments couple hours later.<br/><br/>So let me repeat what I replied to you Kevin:<br/><br/>I commented on all your claims, but did not see any response from you. Once again, I NEVER said that your daily strategy doesn't work. Please show me one place when I said it does not work. I NEVER said that I know the strategy - the opposite is true, I said on several occasions that I have no idea about it. What I did say and continue saying is that no person and no strategy can make 24% per week week after week as you claim.<br/><br/>You mentioned that you &quot;made a ton this week on CMG, INTC, JNJ, SNDK.&quot; I have no idea how much did you made on the trades you mentioned - unlike me, your website doesn't have a track record documenting all your trades. I do know that you lost 90% on IBM - that alone requires three 30% winners just to break even. Would you mind posting full results of your trades this past week? <br/><br/>On a separate note, you claimed that I'm going after quantity not quality of trades. I find it highly ironic coming from a guy who already placed over 10 trades since inception of his website just over a week ago while I have 20 trades per month on average. I also find it ironic that you mentioned several times that my trades are commissions consuming, while in some of yours (like INTC) commissions are 15% of the trade value. <br/><br/>Once again, I challenge you to post your trading results from the past week in order to prove that you can do much better than 5% per trade. Those should include the entry/exit dates and prices.<br/><br/>Lets for a change have a civilized and well argumented discussion and not personal attacks.]]>
      </content>
      <pubDate>Sat, 20 Apr 2013 01:11:48 -0400</pubDate>
      <description>
        <![CDATA[Not sure what was the point to send me a message that you are restricted from commenting, and then posting those comments couple hours later.<br/><br/>So let me repeat what I replied to you Kevin:<br/><br/>I commented on all your claims, but did not see any response from you. Once again, I NEVER said that your daily strategy doesn't work. Please show me one place when I said it does not work. I NEVER said that I know the strategy - the opposite is true, I said on several occasions that I have no idea about it. What I did say and continue saying is that no person and no strategy can make 24% per week week after week as you claim.<br/><br/>You mentioned that you &quot;made a ton this week on CMG, INTC, JNJ, SNDK.&quot; I have no idea how much did you made on the trades you mentioned - unlike me, your website doesn't have a track record documenting all your trades. I do know that you lost 90% on IBM - that alone requires three 30% winners just to break even. Would you mind posting full results of your trades this past week? <br/><br/>On a separate note, you claimed that I'm going after quantity not quality of trades. I find it highly ironic coming from a guy who already placed over 10 trades since inception of his website just over a week ago while I have 20 trades per month on average. I also find it ironic that you mentioned several times that my trades are commissions consuming, while in some of yours (like INTC) commissions are 15% of the trade value. <br/><br/>Once again, I challenge you to post your trading results from the past week in order to prove that you can do much better than 5% per trade. Those should include the entry/exit dates and prices.<br/><br/>Lets for a change have a civilized and well argumented discussion and not personal attacks.]]>
      </description>
    </item>
    <item>
      <title>Website Is Officially Up And Running - WWW. KEVINMOBRIEN.COM</title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1741061-website-is-officially-up-and-running-www-kevinmobrien-com?source=feed#comment-17851371</link>
      <guid isPermaLink="false">17851371</guid>
      <content>
        <![CDATA[Got a message from Kevin - he is restricted from commenting on SA (at least this is what he claims).]]>
      </content>
      <pubDate>Fri, 19 Apr 2013 17:47:30 -0400</pubDate>
      <description>
        <![CDATA[Got a message from Kevin - he is restricted from commenting on SA (at least this is what he claims).]]>
      </description>
    </item>
    <item>
      <title>Website Is Officially Up And Running - WWW. KEVINMOBRIEN.COM</title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1741061-website-is-officially-up-and-running-www-kevinmobrien-com?source=feed#comment-17830651</link>
      <guid isPermaLink="false">17830651</guid>
      <content>
        <![CDATA[Kevin claimed that I'm going after quantity not quality of trades. I find it highly ironic coming from a guy who already placed over 10 trades since inception of his website just over a week ago.<br/><br/>By the way, as expected, his trades are hit or miss - few very nice winners but also some catastrophic losers.]]>
      </content>
      <pubDate>Fri, 19 Apr 2013 10:11:24 -0400</pubDate>
      <description>
        <![CDATA[Kevin claimed that I'm going after quantity not quality of trades. I find it highly ironic coming from a guy who already placed over 10 trades since inception of his website just over a week ago.<br/><br/>By the way, as expected, his trades are hit or miss - few very nice winners but also some catastrophic losers.]]>
      </description>
    </item>
    <item>
      <title>Using The 5-10-20 Rule To Trade IBM</title>
      <link>http://seekingalpha.com/article/382671/comments?source=feed#comment-17761441</link>
      <guid isPermaLink="false">17761441</guid>
      <content>
        <![CDATA[The 5-10-20 rule just gives you some margin of safety, but you are correct that you need more volatile stocks to meet that criteria.<br/><br/>Using AAPL as an example, you can do the June 350/360/440/450 IC (10% OTM) for 4.50 credit, which is 81% potential gain. Going 20% OTM (310/320/480/490) will give you 1.55 credit which is still almost 19% potential gain.<br/><br/>btw, for IBM I see a credit of 1.16 for July IC using your strikes (185/190/230/235) which is 30% gain.]]>
      </content>
      <pubDate>Wed, 17 Apr 2013 18:49:22 -0400</pubDate>
      <description>
        <![CDATA[The 5-10-20 rule just gives you some margin of safety, but you are correct that you need more volatile stocks to meet that criteria.<br/><br/>Using AAPL as an example, you can do the June 350/360/440/450 IC (10% OTM) for 4.50 credit, which is 81% potential gain. Going 20% OTM (310/320/480/490) will give you 1.55 credit which is still almost 19% potential gain.<br/><br/>btw, for IBM I see a credit of 1.16 for July IC using your strikes (185/190/230/235) which is 30% gain.]]>
      </description>
    </item>
    <item>
      <title>Website Is Officially Up And Running - WWW. KEVINMOBRIEN.COM</title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1741061-website-is-officially-up-and-running-www-kevinmobrien-com?source=feed#comment-17733301</link>
      <guid isPermaLink="false">17733301</guid>
      <content>
        <![CDATA[Well, I guess this is exactly the problem we are pointing out in all his articles - a complete ignore of the risks.<br/><br/>You see, even his famous GOOG trade was not a bad trade. It would make money in 80% of the cycles. The problem is that when it loses money, it can lose badly, and this disclaimer was exactly what was missing.<br/><br/>I didn't see anywhere on his site a track record - did you?]]>
      </content>
      <pubDate>Wed, 17 Apr 2013 10:07:33 -0400</pubDate>
      <description>
        <![CDATA[Well, I guess this is exactly the problem we are pointing out in all his articles - a complete ignore of the risks.<br/><br/>You see, even his famous GOOG trade was not a bad trade. It would make money in 80% of the cycles. The problem is that when it loses money, it can lose badly, and this disclaimer was exactly what was missing.<br/><br/>I didn't see anywhere on his site a track record - did you?]]>
      </description>
    </item>
    <item>
      <title>Website Is Officially Up And Running - WWW. KEVINMOBRIEN.COM</title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1741061-website-is-officially-up-and-running-www-kevinmobrien-com?source=feed#comment-17714771</link>
      <guid isPermaLink="false">17714771</guid>
      <content>
        <![CDATA[gppackcheesehead, are you a subscriber?]]>
      </content>
      <pubDate>Tue, 16 Apr 2013 21:35:57 -0400</pubDate>
      <description>
        <![CDATA[gppackcheesehead, are you a subscriber?]]>
      </description>
    </item>
    <item>
      <title>A Story Worth Mentioning </title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1750181-a-story-worth-mentioning?source=feed#comment-17714411</link>
      <guid isPermaLink="false">17714411</guid>
      <content>
        <![CDATA[How do you know?]]>
      </content>
      <pubDate>Tue, 16 Apr 2013 21:19:45 -0400</pubDate>
      <description>
        <![CDATA[How do you know?]]>
      </description>
    </item>
    <item>
      <title>A Story Worth Mentioning </title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1750181-a-story-worth-mentioning?source=feed#comment-17622441</link>
      <guid isPermaLink="false">17622441</guid>
      <content>
        <![CDATA[You are correct Gary. You are also absolutely correct that successfully trading is difficult. Unfortunately, when someone promises or guarantees easy gains of hundreds percents, there are always people who believe it and are sucked in, searching for the Holy Grail. Those who have been in this business for a while know that Holy Grail does not exist. New traders will find it out, usually after paying thousands of dollars to crooks.<br/><br/>When Kevin wrote back in September &quot; I will write an article on Kim Klaiman's/Steady Options trading approach and why it doesn't work as advertised.&quot;, I hoped for some kind of real discussion poking holes in my strategy. Unlike Kevin who wrote &quot;I know everything that anyone can possibly know about options&quot;, I'm still learning. I will be learning as long as I breathe. So I really wanted to learn something new - maybe after all, my returns are just a fluke? Instead, I got a bunch of personal attacks which have nothing to do with my trading approach. <br/><br/>No system will work all the time. Nobody is able to produce profits week after week month after month. This is why Kevin's claims are so ridiculous. He keeps repeating that I misquote him, but it was him claiming a while ago that he hasn't had a losing trade in almost a year. Does he really expect anyone to believe that?<br/><br/>I hope to find some time and write a blog about my approach and how it compares to Kevin's. I'm not holding my breath to get any serious response from Kevin, but maybe he will surprise us.]]>
      </content>
      <pubDate>Sun, 14 Apr 2013 23:55:57 -0400</pubDate>
      <description>
        <![CDATA[You are correct Gary. You are also absolutely correct that successfully trading is difficult. Unfortunately, when someone promises or guarantees easy gains of hundreds percents, there are always people who believe it and are sucked in, searching for the Holy Grail. Those who have been in this business for a while know that Holy Grail does not exist. New traders will find it out, usually after paying thousands of dollars to crooks.<br/><br/>When Kevin wrote back in September &quot; I will write an article on Kim Klaiman's/Steady Options trading approach and why it doesn't work as advertised.&quot;, I hoped for some kind of real discussion poking holes in my strategy. Unlike Kevin who wrote &quot;I know everything that anyone can possibly know about options&quot;, I'm still learning. I will be learning as long as I breathe. So I really wanted to learn something new - maybe after all, my returns are just a fluke? Instead, I got a bunch of personal attacks which have nothing to do with my trading approach. <br/><br/>No system will work all the time. Nobody is able to produce profits week after week month after month. This is why Kevin's claims are so ridiculous. He keeps repeating that I misquote him, but it was him claiming a while ago that he hasn't had a losing trade in almost a year. Does he really expect anyone to believe that?<br/><br/>I hope to find some time and write a blog about my approach and how it compares to Kevin's. I'm not holding my breath to get any serious response from Kevin, but maybe he will surprise us.]]>
      </description>
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    <item>
      <title>Take Flight With An Iron Condor For Significant Profits</title>
      <link>http://seekingalpha.com/article/317818/comments?source=feed#comment-17621921</link>
      <guid isPermaLink="false">17621921</guid>
      <content>
        <![CDATA[Based on this formula, the expectancy is around zero. However, this is based on holding the trade till expiration. The edge is based mostly on the trade management. I never hold those trades till expiration, I take profits when they possible and adjust when needed.]]>
      </content>
      <pubDate>Sun, 14 Apr 2013 23:46:25 -0400</pubDate>
      <description>
        <![CDATA[Based on this formula, the expectancy is around zero. However, this is based on holding the trade till expiration. The edge is based mostly on the trade management. I never hold those trades till expiration, I take profits when they possible and adjust when needed.]]>
      </description>
    </item>
    <item>
      <title>A Story Worth Mentioning </title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1750181-a-story-worth-mentioning?source=feed#comment-17582141</link>
      <guid isPermaLink="false">17582141</guid>
      <content>
        <![CDATA[Finally, here is a collection of some of Kevin's responses to his readers on SA:<br/><br/>&quot;You are a very, very sick man. The medicine is not working.&quot;<br/>&quot;If I didn't know who this little guy was from the start, I would have mistaken him for Eddie Munster. Uncanny resemblance.&quot;<br/>&quot;This is what I like to call &quot;class&quot;... Klaiman, u chump. You asked for it.&quot;<br/>&quot;You must be kidding, you are a joke. I assume you know when I entered and when I exited or plan to exit? Also, can you tell me what will happen in 2015? What a goof.&quot;<br/>&quot;Seriously, you have some problems.. genius.&quot;<br/><br/>I'm sure I can find many more, but you get the idea..<br/><br/>And here are some of the emails I got from Kevin:<br/>&quot;So you want to play ball with me? Ok. No problem. Know who you are talking to first, which you obviously haven't done.&quot;<br/>&quot;You have some serious balls. You are a fraud. I know it&quot;]]>
      </content>
      <pubDate>Sat, 13 Apr 2013 12:57:45 -0400</pubDate>
      <description>
        <![CDATA[Finally, here is a collection of some of Kevin's responses to his readers on SA:<br/><br/>&quot;You are a very, very sick man. The medicine is not working.&quot;<br/>&quot;If I didn't know who this little guy was from the start, I would have mistaken him for Eddie Munster. Uncanny resemblance.&quot;<br/>&quot;This is what I like to call &quot;class&quot;... Klaiman, u chump. You asked for it.&quot;<br/>&quot;You must be kidding, you are a joke. I assume you know when I entered and when I exited or plan to exit? Also, can you tell me what will happen in 2015? What a goof.&quot;<br/>&quot;Seriously, you have some problems.. genius.&quot;<br/><br/>I'm sure I can find many more, but you get the idea..<br/><br/>And here are some of the emails I got from Kevin:<br/>&quot;So you want to play ball with me? Ok. No problem. Know who you are talking to first, which you obviously haven't done.&quot;<br/>&quot;You have some serious balls. You are a fraud. I know it&quot;]]>
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    <item>
      <title>A Story Worth Mentioning </title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1750181-a-story-worth-mentioning?source=feed#comment-17581601</link>
      <guid isPermaLink="false">17581601</guid>
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        <![CDATA[Now lets go over some of your claims Kevin.<br/><br/>1. I was asked stop commenting on Kevin's articles by Kevin, not by SA editor - and I respected his request till he started mentioning me in his comments. <br/><br/>2. &quot; CWelsh is not just another user who commented.&quot; <br/>It is funny you are even mentioning CWelsh - he has exactly 6 comments on single article of yours back in April 2012.<br/><br/>3. &quot; As I mentioned, Klaiman had a motive.&quot;<br/>Most of our correspondence happened in November 2011. This was even before I had my website, so not sure what motive you are talking about.<br/><br/>4. &quot;The Google (<a href='http://seekingalpha.com/symbol/goog' title='Google Inc.'>GOOG</a>) trade you mentioned, I had around a 20% loss on that one. That's quite good in comparison to some of your trades, like a strangle on Decker's (<a rel='nofollow' target='_blank' href='http://bit.ly/HmiFjk'>http://bit.ly/HmiFjk</a>).&quot;<br/>I guess we will never know how much did you lose on this trade since you never posted any updates how to manage it. However, if you read some of the comments on this article <a rel='nofollow' target='_blank' href='http://bit.ly/SrNfez'>http://bit.ly/SrNfez</a> you will see that most of your readers have lost over 80%. I have emails from some of your readers who have lost TENS of thousands of dollars on this trade. And by the way, my DECK trade has lost 7% .<br/><br/>5. &quot;Klaiman would continually swipe my articles.&quot;<br/>Do you have any examples? I actually have some opposite examples:<br/><a rel='nofollow' target='_blank' href='http://bit.ly/156fuqe'>http://bit.ly/156fuqe</a><br/><a rel='nofollow' target='_blank' href='http://bit.ly/114DncP'>http://bit.ly/114DncP</a><br/>Both are about FDX, same trade, mine published on Dec. 7, 2011, yours on Dec. 8, 2011.<br/><br/>6. &quot;A 5% ROI? Really. And that's supposed to be good?&quot;<br/>Actually, SteadyOptions ROI was 152% in 2012 and 34% YTD 2013 - <a rel='nofollow' target='_blank' href='http://bit.ly/16Ur5qM'>http://bit.ly/16Ur5qM</a>. Full track record based on real trades, with every single trade fully documented. Where is yours Kevin? Please show us one single trade that you did in real time Kevin. Or is it all &quot;HYPOTHETICAL OR SIMULATED&quot;?]]>
      </content>
      <pubDate>Sat, 13 Apr 2013 12:34:55 -0400</pubDate>
      <description>
        <![CDATA[Now lets go over some of your claims Kevin.<br/><br/>1. I was asked stop commenting on Kevin's articles by Kevin, not by SA editor - and I respected his request till he started mentioning me in his comments. <br/><br/>2. &quot; CWelsh is not just another user who commented.&quot; <br/>It is funny you are even mentioning CWelsh - he has exactly 6 comments on single article of yours back in April 2012.<br/><br/>3. &quot; As I mentioned, Klaiman had a motive.&quot;<br/>Most of our correspondence happened in November 2011. This was even before I had my website, so not sure what motive you are talking about.<br/><br/>4. &quot;The Google (<a href='http://seekingalpha.com/symbol/goog' title='Google Inc.'>GOOG</a>) trade you mentioned, I had around a 20% loss on that one. That's quite good in comparison to some of your trades, like a strangle on Decker's (<a rel='nofollow' target='_blank' href='http://bit.ly/HmiFjk'>http://bit.ly/HmiFjk</a>).&quot;<br/>I guess we will never know how much did you lose on this trade since you never posted any updates how to manage it. However, if you read some of the comments on this article <a rel='nofollow' target='_blank' href='http://bit.ly/SrNfez'>http://bit.ly/SrNfez</a> you will see that most of your readers have lost over 80%. I have emails from some of your readers who have lost TENS of thousands of dollars on this trade. And by the way, my DECK trade has lost 7% .<br/><br/>5. &quot;Klaiman would continually swipe my articles.&quot;<br/>Do you have any examples? I actually have some opposite examples:<br/><a rel='nofollow' target='_blank' href='http://bit.ly/156fuqe'>http://bit.ly/156fuqe</a><br/><a rel='nofollow' target='_blank' href='http://bit.ly/114DncP'>http://bit.ly/114DncP</a><br/>Both are about FDX, same trade, mine published on Dec. 7, 2011, yours on Dec. 8, 2011.<br/><br/>6. &quot;A 5% ROI? Really. And that's supposed to be good?&quot;<br/>Actually, SteadyOptions ROI was 152% in 2012 and 34% YTD 2013 - <a rel='nofollow' target='_blank' href='http://bit.ly/16Ur5qM'>http://bit.ly/16Ur5qM</a>. Full track record based on real trades, with every single trade fully documented. Where is yours Kevin? Please show us one single trade that you did in real time Kevin. Or is it all &quot;HYPOTHETICAL OR SIMULATED&quot;?]]>
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      <title>A Story Worth Mentioning </title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1750181-a-story-worth-mentioning?source=feed#comment-17581521</link>
      <guid isPermaLink="false">17581521</guid>
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        <![CDATA[It has been a long time since I have seen such a collection of lies and misrepresentations. <br/><br/>So lets start with some background.<br/><br/>Both me and Kevin are implementing a strategy of buying a straddle/strangle or reverse iron condor few days before earnings. The main difference is that I sell before earnings and Kevin holds through earnings. Let me be very clear: both strategies can work. The main difference is the risk/reward and the predictability. With my strategy (which is based on Jeff Augen books) you get smaller gains and smaller losses, and the returns are very predictable. When you hold through earnings, the results are unpredictable. You can hit some big winners, but if the stock doesn't move enough, the losses can be very substantial. This is something that Kevin &quot;forgets&quot; to mention in his articles.<br/><br/>Jeff Augen, a successful options trader and author of six books, agrees:<br/>“There are many examples of extraordinary large earnings-related price spikes that are not reflected in pre-announcement prices. Unfortunately, there is no reliable method for predicting such an event. The opposite case is much more common – pre-earnings option prices tend to exaggerate the risk by anticipating the largest possible spike.”<br/><br/>It is just natural that when I first read Kevin's articles, I started comparing the results and ask questions. Some of Kevin's trades worked, most did not. For the trades that did not work, his standard answer was &quot;you don't know when I bought and when I sold&quot;. <br/><br/>Unlike my trades - all documented - Kevin did not list one single trade in real time (including dates and prices) since he is on SA. Have you ever wondered why?<br/><br/>This is a disclaimer from Kevin's brand new website:<br/>&quot; HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT.&quot;<br/><br/>Do you even trade Kevin? Or it's all &quot; HYPOTHETICAL OR SIMULATED, WITH THE BENEFIT OF HINDSIGHT&quot;? Maybe this is the reason why you haven't posted a single live real time trade?<br/><br/>More later..]]>
      </content>
      <pubDate>Sat, 13 Apr 2013 12:29:23 -0400</pubDate>
      <description>
        <![CDATA[It has been a long time since I have seen such a collection of lies and misrepresentations. <br/><br/>So lets start with some background.<br/><br/>Both me and Kevin are implementing a strategy of buying a straddle/strangle or reverse iron condor few days before earnings. The main difference is that I sell before earnings and Kevin holds through earnings. Let me be very clear: both strategies can work. The main difference is the risk/reward and the predictability. With my strategy (which is based on Jeff Augen books) you get smaller gains and smaller losses, and the returns are very predictable. When you hold through earnings, the results are unpredictable. You can hit some big winners, but if the stock doesn't move enough, the losses can be very substantial. This is something that Kevin &quot;forgets&quot; to mention in his articles.<br/><br/>Jeff Augen, a successful options trader and author of six books, agrees:<br/>“There are many examples of extraordinary large earnings-related price spikes that are not reflected in pre-announcement prices. Unfortunately, there is no reliable method for predicting such an event. The opposite case is much more common – pre-earnings option prices tend to exaggerate the risk by anticipating the largest possible spike.”<br/><br/>It is just natural that when I first read Kevin's articles, I started comparing the results and ask questions. Some of Kevin's trades worked, most did not. For the trades that did not work, his standard answer was &quot;you don't know when I bought and when I sold&quot;. <br/><br/>Unlike my trades - all documented - Kevin did not list one single trade in real time (including dates and prices) since he is on SA. Have you ever wondered why?<br/><br/>This is a disclaimer from Kevin's brand new website:<br/>&quot; HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT.&quot;<br/><br/>Do you even trade Kevin? Or it's all &quot; HYPOTHETICAL OR SIMULATED, WITH THE BENEFIT OF HINDSIGHT&quot;? Maybe this is the reason why you haven't posted a single live real time trade?<br/><br/>More later..]]>
      </description>
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    <item>
      <title>Website Is Officially Up And Running - WWW. KEVINMOBRIEN.COM</title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1741061-website-is-officially-up-and-running-www-kevinmobrien-com?source=feed#comment-17566051</link>
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        <![CDATA[Kevin, how the JPM RIC is doing? I assume not so well after the stock moved less than 1% after earnings. Similar to the GOOG trade I would guess (80-100% loss). Did you disclose the risks this time?]]>
      </content>
      <pubDate>Fri, 12 Apr 2013 19:23:22 -0400</pubDate>
      <description>
        <![CDATA[Kevin, how the JPM RIC is doing? I assume not so well after the stock moved less than 1% after earnings. Similar to the GOOG trade I would guess (80-100% loss). Did you disclose the risks this time?]]>
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      <title>Website Is Officially Up And Running - WWW. KEVINMOBRIEN.COM</title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1741061-website-is-officially-up-and-running-www-kevinmobrien-com?source=feed#comment-17477791</link>
      <guid isPermaLink="false">17477791</guid>
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        <![CDATA[Don't be confused Kevin. I will explain it slowly:<br/>Kim Klaiman is my real name.<br/>SteadyOptions is the name of my subscription service.<br/><br/>It is really not complicated, just try to concentrate. <br/><br/>Looking forward for the article. You didn't mention which Saturday and which year.<br/><br/>P.S. posting trades next day proves NOTHING. The only way is posting entry and exit in real time. I can always find dozens of trades which would work perfectly in hindsight. ]]>
      </content>
      <pubDate>Wed, 10 Apr 2013 22:42:18 -0400</pubDate>
      <description>
        <![CDATA[Don't be confused Kevin. I will explain it slowly:<br/>Kim Klaiman is my real name.<br/>SteadyOptions is the name of my subscription service.<br/><br/>It is really not complicated, just try to concentrate. <br/><br/>Looking forward for the article. You didn't mention which Saturday and which year.<br/><br/>P.S. posting trades next day proves NOTHING. The only way is posting entry and exit in real time. I can always find dozens of trades which would work perfectly in hindsight. ]]>
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      <title>Website Is Officially Up And Running - WWW. KEVINMOBRIEN.COM</title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1741061-website-is-officially-up-and-running-www-kevinmobrien-com?source=feed#comment-17473271</link>
      <guid isPermaLink="false">17473271</guid>
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        <![CDATA[Welsh is one of the SA readers who like us was asking some tough questions. He posted few comments on Kevin's famous GOOG article - <a rel='nofollow' target='_blank' href='http://seekingalpha.com/a/afvz'>http://seekingalpha.co...</a>. However, this was a year ago and this was the only time he posted anything on Kevin's articles, but apparently Kevin still remembers him.. good memory I must say. I'm pretty sure Welsh doesn't even remember who is Kevin.. But Welsh is an attorney and I'm sure he will know how to handle this issue.]]>
      </content>
      <pubDate>Wed, 10 Apr 2013 19:58:08 -0400</pubDate>
      <description>
        <![CDATA[Welsh is one of the SA readers who like us was asking some tough questions. He posted few comments on Kevin's famous GOOG article - <a rel='nofollow' target='_blank' href='http://seekingalpha.com/a/afvz'>http://seekingalpha.co...</a>. However, this was a year ago and this was the only time he posted anything on Kevin's articles, but apparently Kevin still remembers him.. good memory I must say. I'm pretty sure Welsh doesn't even remember who is Kevin.. But Welsh is an attorney and I'm sure he will know how to handle this issue.]]>
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      <title>Website Is Officially Up And Running - WWW. KEVINMOBRIEN.COM</title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1741061-website-is-officially-up-and-running-www-kevinmobrien-com?source=feed#comment-17472571</link>
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        <![CDATA[Just got an email from Kevin:<br/><br/>&quot;You, my friend, have been treading on some very serious territory lately. While I know you are a complete sham, I have for the most part kept that to myself. Now it is personal. I know you have your &quot;pals&quot; posting all the time. Here's the kicker: it comes back to your IP address? I am filing a lawsuit against you, Welsh, and everyone who has orchestrated it. Try me. You must think I'm find this funny? Do you think I'm kidding? No, it is beyond that.&quot;<br/><br/>What a miserable joke.. Welsh I think didn't visit SA for months..  &quot;orchestrated it&quot;? I think that this is really paranoid. <br/><br/>On a separate note, I would be very careful to pay $159 per month to someone with absolutely no track record, but that's just me..]]>
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      <pubDate>Wed, 10 Apr 2013 19:30:07 -0400</pubDate>
      <description>
        <![CDATA[Just got an email from Kevin:<br/><br/>&quot;You, my friend, have been treading on some very serious territory lately. While I know you are a complete sham, I have for the most part kept that to myself. Now it is personal. I know you have your &quot;pals&quot; posting all the time. Here's the kicker: it comes back to your IP address? I am filing a lawsuit against you, Welsh, and everyone who has orchestrated it. Try me. You must think I'm find this funny? Do you think I'm kidding? No, it is beyond that.&quot;<br/><br/>What a miserable joke.. Welsh I think didn't visit SA for months..  &quot;orchestrated it&quot;? I think that this is really paranoid. <br/><br/>On a separate note, I would be very careful to pay $159 per month to someone with absolutely no track record, but that's just me..]]>
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      <title>New Book Published On Amazon.com</title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1682191-new-book-published-on-amazon-com?source=feed#comment-17421851</link>
      <guid isPermaLink="false">17421851</guid>
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        <![CDATA[Review posted.<br/><a rel='nofollow' target='_blank' href='http://amzn.to/11Qdz6j'>http://amzn.to/11Qdz6j</a>]]>
      </content>
      <pubDate>Tue, 09 Apr 2013 18:01:11 -0400</pubDate>
      <description>
        <![CDATA[Review posted.<br/><a rel='nofollow' target='_blank' href='http://amzn.to/11Qdz6j'>http://amzn.to/11Qdz6j</a>]]>
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      <title>Dow Jones Industrial Average About To Plunge?</title>
      <link>http://seekingalpha.com/article/1325451/comments?source=feed#comment-17341161</link>
      <guid isPermaLink="false">17341161</guid>
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        <![CDATA[The simple truth is that nobody can predict future returns of the stock market, not in the short term and not in the long term. All the analysis that you read is pretty much worthless. There are too many factors involved, and if anyone could make any predictions with decent level of consistency (even 60%), he would be retired to a private island and not bother writing for Seeking Alpha.]]>
      </content>
      <pubDate>Mon, 08 Apr 2013 03:22:06 -0400</pubDate>
      <description>
        <![CDATA[The simple truth is that nobody can predict future returns of the stock market, not in the short term and not in the long term. All the analysis that you read is pretty much worthless. There are too many factors involved, and if anyone could make any predictions with decent level of consistency (even 60%), he would be retired to a private island and not bother writing for Seeking Alpha.]]>
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      <title>3 Stocks Worth Buying Puts On In An Overbought Market</title>
      <link>http://seekingalpha.com/instablog/974046-kevin-m-o-brien/1648141-3-stocks-worth-buying-puts-on-in-an-overbought-market?source=feed#comment-17314421</link>
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        <![CDATA[Please give me one simple example where I misquoted you. Didn't you say that you make 24% per week? Didn't you invite me to San Diego and guaranteed to make me 6k on 25k capital? Didn't you say that GOOG trade will work &quot;like a charm&quot;? <br/><br/>Every single quote that I gave was taken from your article or comment.<br/><br/>And there are still questions waiting for your response. And there will be much more in my review of your book on Amazon. But I highly doubt we will get real answers. ]]>
      </content>
      <pubDate>Sun, 07 Apr 2013 03:02:50 -0400</pubDate>
      <description>
        <![CDATA[Please give me one simple example where I misquoted you. Didn't you say that you make 24% per week? Didn't you invite me to San Diego and guaranteed to make me 6k on 25k capital? Didn't you say that GOOG trade will work &quot;like a charm&quot;? <br/><br/>Every single quote that I gave was taken from your article or comment.<br/><br/>And there are still questions waiting for your response. And there will be much more in my review of your book on Amazon. But I highly doubt we will get real answers. ]]>
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