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.
Options Trade Alert Service
- Thread starter prosario
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Learn to do it yourself.
Here is a simply system with high probability. You put the trade on every Monday and get out in just 2-3 days.
http://www.futuresmag.com/2015/03/16/weekly-options-business-approach?page=3
Here is a simply system with high probability. You put the trade on every Monday and get out in just 2-3 days.
http://www.futuresmag.com/2015/03/16/weekly-options-business-approach?page=3
Sure. You can also learn from the internet how to become a doctor or an engineer.
The article you linked lacks two major things:
- 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.
- Due to higher risk, you should allocate only very small part of your portfolio to those weekly trades.
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.
Could you provide some links? Now that I'm retired, I'd like to be a part time neurosurgeon ;->)