OptionsANIMAL - are they any good

Discussion in 'Options' started by rocky_raccoon, Oct 17, 2013.

  1. rob c

    rob c

    underlying then collar. sometimes i but the calendar or diagonal at once, other times i add the short later, like of the long runs to resistance and i roll it up taking out some cost/profit, then see shorts at a higher strike against it, taking more profits / reducing cost.
     
    #71     Mar 6, 2018
  2. rob c

    rob c

    i had june 65 calls going into earnings. i've been long most for over a year. rolling and trading around it. its been good to me.
     
    #72     Mar 6, 2018
  3. rob c

    rob c

    thing is when they structure a trade and buy 2 or 3 contracts thats not the real world. to make any type of living you need to have a beat on a few sectors at least so you can get long who you see the rotation. i've got 50-60 trades on at all times. some different structure on same symbol (SPY for instance i'll always have several trades running)
     
    #73     Mar 6, 2018
  4. DMckay

    DMckay

    Rob C. I've really learned a lot of you today Rob. Have you graduated from the program?
     
    #74     Mar 6, 2018
  5. rob c

    rob c

    Not formally. However I completed all levels.
     
    #75     Mar 6, 2018
  6. I will argue that like any school, you take away what they teach as you apply yourself to the curriculum. Since my trading start in 1990, I've read almost every book out there, and OA cut thru much of the clutter with direct and actionable instruction. There's a value to the community as with any college, that's why schools still exist in todays digital world. Yes, you can bypass all of this with individual learning, from books or online classes, but your chances of success as many have said is diminished, but my experience with OA has been nothing but positive. One final thought, there is real value in taking the same class, recorded or live, from two different teachers. I always learn something new with the different perspective.
     
    #76     Jun 25, 2018
  7. DMckay

    DMckay

    For the price, I don't think Options Animal is worth it. This company is excellent at teaching capital preservation. Their methods helped me protect a lot of profits, but I've made more money with Trader Travis and his $50 package that came with the Market Club Options plan.
     
    #77     Jun 25, 2018
  8. I have been following this thread for a while, and watched a few of the OA webinars. Leaning towards not spending the $6500, but I am intrigued about learning some of the better adjustment techniques for trades gone bad, or hedging across earnings. Does anyone have any good book recommendations - I have most of the basic options books, and McMillan's stuff and I see a whole lot of academic theory type stuff? What seems to be missing is the trader mentality, or strategic planning.

    I have been doing mainly covered calls, occasional collars, some bull put spreads and bear call spreads, and occasionally just buying calls or puts. Would like to learn some more about calendars and diagonals since we seem to be back in low IV land again. Seems like a bad time to be doing credit spreads with the premiums low, so I haven't been doing any in a while.

    Mainly, I want to have a more well-rounded set of trades I can use for a dying bull market, or trading range/bear market which is likely to be just around the corner. Not against paying some money for the right training, but I don't want it to be basic Options 101 for 75% of the training. I would do the repair strategies part of OA if it were maybe $1K or $2K. Doesn't seem worth it for $6500 to just relearn about basic options stuff and Greeks.
     
    #78     Aug 1, 2018