Options Trade Alert Service

Discussion in 'Options' started by prosario, May 14, 2017.

  1. Robert Morse

    Robert Morse Sponsor

    That was an old question. We spoke after that. I'm going to talk to my firm Monday when I'm back in the office about a proposal for your clients. I've been out for 2 weeks.
     
    #21     Aug 18, 2017
  2. BarbaraJ

    BarbaraJ

    For Options Trading training you can try Steady Options. I have read so many blogs and articles of this site and they are valuable and informative. Their training sessions might be a great experience for you.
     
    #22     Nov 2, 2017
    Robert Morse likes this.
  3. cdowis

    cdowis

    #23     Nov 4, 2017
  4. Sure. You can also learn from the internet how to become a doctor or an engineer.

    The article you linked lacks two major things:
    1. It doesn't mention huge gamma risk those weekly options have. More details and explanation: Why You Should Not Ignore Negative Gamma. They mention that those trades have less risk because they last only 2-3 days. This might be true, but if the underlying gaps, the trade can easily lose 50-70% due to huge negative gamma. One such loss will erase months of gains. So the truth is weekly options are much more risky, even while lasting only 2-3 days.
    2. Due to higher risk, you should allocate only very small part of your portfolio to those weekly trades.
    Unfortunately, an inexperienced trader following this very bad advice will eventually be burned badly.

    When following someone advice, at least make sure he is actually actively trading and not just mentoring. It's kind of like learning to be a surgeon from someone who hasn't operated in years.
     
    #24     Nov 4, 2017
    options_fanatic and Robert Morse like this.
  5. spindr0

    spindr0

    Could you provide some links? Now that I'm retired, I'd like to be a part time neurosurgeon ;->)
     
    #25     Nov 5, 2017