Does this strategy have a name?

[Johnmaine]

how about Kim Klaiman https://steadyoptions.com/ ?

I would happily subscribe to Kim's Steady Options IF he revealed his trades without me having to pay for his service first. The money back guarantee does not count because many players like Dr. Singh and others don't refund your money.

 

[destriero]

Please don't waste your time on services. They're all going to throw you into iron condors.

 

[sle]

They're all going to throw you to the iron condors for dinner.

Corrected it for you, dude

 

[Sig]

Also... this:

"We picked up a stock whose March 17th weekly call and put options can be bought at a relatively lower price than the ones for March 10th which can be sold at a relatively higher price. In this case we bought the calls and puts which expire on March 17th"

Is very short sighted... it would completely depend on the actual prices traded. And again, those are not provided by the writer. Definitely not risk free... although it could be a good strategy, not without risk.

source: https://drsinghoptions.com/risk-free-strategy/

IMO, Dr and PhD are very overrated in actual trading conditions... usual they miss some real-life issues. Lending, dividends... some corporate action. I would take anything this Dr says with a few grains of salt.

That entire website screams SCAM

Fully agree on the risk free part. I'd also point out that it's pretty clear no-one associated with that site has a PhD unless it's in divinity studies from a diploma mill. I read academic papers on finance topics as a bit of a hobby, I can't imagine there's a single finance related PhD out there that would miss something as basic as lending, dividends, or corporate action. Pretty much every paper that uses a data set has a pretty detailed section right at the beginning covering what data set they used and how they accounted for not only obvious mechanical issues like that but also more subtle biases like survivor bias. PhDs may not make for good traders, but they're not complete morons!

 

[newwurldmn]

Fully agree on the risk free part. I'd also point out that it's pretty clear no-one associated with that site has a PhD unless it's in divinity studies from a diploma mill. I read academic papers on finance topics as a bit of a hobby, I can't imagine there's a single finance related PhD out there that would miss something as basic as lending, dividends, or corporate action. Pretty much every paper that uses a data set has a pretty detailed section right at the beginning covering what data set they used and how they accounted for not only obvious mechanical issues like that but also more subtle biases like survivor bias. PhDs may not make for good traders, but they're not complete morons!

You didn’t see dr singhs mansion.

 

[El OchoCinco]

I said it before and many others said it as well long before me....if I have a strategy that works over the long term I trade 100% my OWN money or create a private fund for larger pool but the least attractive and least profitable method is to sell it as an advisory service. That alone is enough of an alarm. Having to cater to subscribers and charging a small monthly fee seems inefficient use of time or resources for a profitable system. Either solo or managed fund.

 

[Kim Klaiman]

What is this risk-free strategy below called, by the way? Does it have a name?

"Here is a recommendation we gave for the stock AXON recently, when it was trading at $14.94.

1. Buy AXON strike price 12.50 call expiring Aug 18, 2017
2. Buy AXON strike price 5.0 put expiring Aug 18, 2017
3. Sell AXON strike price 15.0 call expiring Dec 15, 2017
4. Sell AXON strike price 12.50 put expiring Dec 15, 2017

if the stock drops to $0 we have a profit of $330 and if it goes up to $60, our profit is $1,004. The only time we make a smaller profit is when stock remains flat."

Risk free? Still believe in fairy tales?

 

[Windlesham1]

It's a short double diagonal, you are buying the front month. The margin tied up would be limited by the spreads, but assume your near month(Aug) longs go out worthless you have a big liability with the Dec strangle. this is a massive dickhead trade with serious liability- you are seliing the 12.50 put and buying the 5 put-that's a short spread of 7.5. That is NOT zero

 

[sle]

this is a massive dickhead trade with serious liability- you are seliing the 12.50 put and buying the 5 put-that's a short spread of 7.5.

I don't see why this is a "massive dickhead trade". If you think gamma is going to realize (which happens sometimes, you know), it's not a horrible idea.

 

[Windlesham1]

I don't see why this is a "massive dickhead trade". If you think gamma is going to realize (which happens sometimes, you know), it's not a horrible idea.

please give a real world example-I have never ever had gamma get me out of jail with calendars