Kim Klaiman's Steady Options

Robert Morse said:
Mentoring programs like theirs have >5000 students. If they all get the same signal and 10% do the same trade, that can be hard to find liquidity as 500 traders enter the same order.
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I don't know how many students they have (that figure is - quite rightly - a closely guarded secret), but I don't think it is in the thousands. If Kim had 5,000 subscribers, then he'd be making around $5million a year just from that and I seriously doubt that. I'm trying to stay neutral here, but stating that I got a lot out of SO, but also highlighting that it is not for everyone. If someone has a big account (>$100K) then it's not scalable, and if someone has a smaller account ($10K) then the annual subscription costs are too much of a burden on the profit.
Also, it required a LOT of hard work - I trade full-time so was happy to watch the screen for hours everyday, but for someone with a full-time job, the returns would be lower.

I agree with the point you raised about everyone piling in to get a fill on the same trade - this definitely was the case many times. As soon as a trade alert would come out the price would rise, as newbies would want to get in, and kept on bidding the price upwards. Kim constantly reminds people "not to chase prices", and many times, after the initial rise, the price would settle back to the original trade alert price, maybe a day or two later. On some lower volume stocks it's possible to spot the options trades that have been carried out by SO subscribers, and in many cases, for particular strikes and expiries, much/most of the trade has been done by SO guys. I myself was responsible for almost all the daily volume on the 11th July '18 in some strikes for BKNG. I traded 315 puts that day, going in and out numerous times. But that's another story......
 
We pretty much drove him off as we did with Ophir Gottlieb - agree with a poster or disagree with them, but it doesn't have to become toxic. Toxicity has become the tone for much of the site.

Ophir Gottlieb
About Ophir Gottlieb

Mr. Gottlieb writes financial news for CML and also as a contributor to Yahoo! Finance, CNN Money, MSN Money, and before then for Marketwatch, Business Insider, TheStreet and Real Money. He has become a staple in financial TV, often times seen on the Business News Network and CBC. Mr. Gottlieb's experience includes working as an option market maker on the NYSE ARCA exchange floor (CBOE remotely), as Managing Director of Client Services and Algorithmic Trading for Livevol, Inc, and as the Managing Director and Product Manager of Quantitative Research for GMI (now MSCI). Ophir Gottlieb is inventor of the Forensic Alpha Model (FAM) and a co-inventor of Accounting and Governance Risk Model, both purchased by MSCI. FAM has been a celebrated achievement in artificial intelligence and quantitative finance that was introduced to world by the Rotman International Journal upon its completion. Mr Gottlieb's mathematics, measure theory and machine learning background stems from his graduate work at Stanford University and his time as an option market maker on the NYSE and CBOE exchange floors. He has been cited by various financial media including Reuters, Bloomberg, Wall St. Journal, Dow Jones Newswire and through re-publications in Barron's, Forbes, SF Chronicle, Chicago Tribune and Miami Herald and is often seen on financial television.

Way too many narcissistic assholes - we have become a monkey island.
 
ETJ said:
We pretty much drove him off as we did with Ophir Gottlieb - agree with a poster or disagree with them, but it doesn't have to become toxic. Toxicity has become the tone for much of the site.

Ophir Gottlieb
About Ophir Gottlieb

Mr. Gottlieb writes financial news for CML and also as a contributor to Yahoo! Finance, CNN Money, MSN Money, and before then for Marketwatch, Business Insider, TheStreet and Real Money. He has become a staple in financial TV, often times seen on the Business News Network and CBC. Mr. Gottlieb's experience includes working as an option market maker on the NYSE ARCA exchange floor (CBOE remotely), as Managing Director of Client Services and Algorithmic Trading for Livevol, Inc, and as the Managing Director and Product Manager of Quantitative Research for GMI (now MSCI). Ophir Gottlieb is inventor of the Forensic Alpha Model (FAM) and a co-inventor of Accounting and Governance Risk Model, both purchased by MSCI. FAM has been a celebrated achievement in artificial intelligence and quantitative finance that was introduced to world by the Rotman International Journal upon its completion. Mr Gottlieb's mathematics, measure theory and machine learning background stems from his graduate work at Stanford University and his time as an option market maker on the NYSE and CBOE exchange floors. He has been cited by various financial media including Reuters, Bloomberg, Wall St. Journal, Dow Jones Newswire and through re-publications in Barron's, Forbes, SF Chronicle, Chicago Tribune and Miami Herald and is often seen on financial television.

Way too many narcissistic assholes - we have become a monkey island.
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I'm not sure why you think a backtesting service for options is the same as a mentoring program. Ophir offers an excellent service that I would be happy to pay for if I were still trading.

Bob
 
"I'm not sure why you think a backtesting service for options is the same as a mentoring program. Ophir offers an excellent service that I would be happy to pay for if I were still trading."

What do we gain by driving people off - you as a sponsor would want as many fresh faces and not all the contentious bullshit.
 
ETJ said:
"I'm not sure why you think a backtesting service for options is the same as a mentoring program. Ophir offers an excellent service that I would be happy to pay for if I were still trading."

What do we gain by driving people off - you as a sponsor would want as many fresh faces and not all the contentious bullshit.
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I did not understand that you were supporting them. I'm for whoever offers the most content and help.
 
Then why continually assault them and drive them off. Which has become the prevailing tone of the board. There are plenty of other civil boards to exchange ideas on.
 
Didn't say it was you - too much of it on the site. Go back and read the thread in its entirety. Things get toxic too quick.
 
They post random trades and lie about the performance. I would not waste my money on this. Use it to invest in random calendar spreads and you'll be much better off.
 
Hello 1-post wonder. You are obviously a competitor who's registered just to slander the opposition with lies and falsehood.

Tell me....how can they lie about the performance when every trade is screenshoted and listed within minutes of it happening, and can be confirmed using time and sales?
 
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