Gator, As I mentioned earlier, the RO advisories were for educational purposes only... so I don't know whether they were profitable or not. Overall, I found that I'm better off doing my own trades....
Coach, Do you have a specific timeframe for selling your FEB PUTS ? Would you say sometime this week but no later ?
Well I would not cut myself off on a specific date as to when I would no longer sell since market conditions always change, but my SWEET SPOT of when to sell is 30 - 45 days until expiration.
gator, sorry but I cannot find any confirmation on the RedOption site to your statement of a 2.4% management fee for any advisory service, including the mini basket, when autotrading. Are you sure that statement is true? Best wishes for the New Year, jack
The $20 per month for the advisory equates to $240 per year which on a $10,000 account (the maximum allowed) is 2.4% - Gatorplease was viewing this as a management fee. All a little OT! Perhaps a new thread for discussing Red Option? MoMoney.
Murray...I posted this on the strategy trading forum...it might get more responses...I'm interested in it would like to get feedback..
Momoney's response and math was correct. I don't feel this discussion is off topic at all, since in fact the advisories we're discussing are spread advisories. I did receive an email from Scott Snyder at RO with their results for the year. I was surprised by some of the results. The Index Diagonal had a negative year, but I have had positive results with it. The Double Diagonal was very positive. Unfortunately, their biggest loss was at the end of the year -right when I started trading with them.
Since our Santa stayed at home this year, is anyone scalping some extra premium by selling Jan Call Spreads to form a IC with our puts? I was look at the 1295/1305 for about .30 or the 1290/1300 for about .45. Just want to get some other thoughts..... sd
I like the JAN Calls above our mid December peak. I'll currently planning on closing my 1320/1330 JANS and moving down to the 1290/1300 SK .... you weren't planning on doing any trades this year right ? Something you were promising the wife ? :
Haven't been following the action today, but notice that the SPX is up almost 7 points as I write. Any reason why?