Tuesday, September 29, 2009

[TheOptionClub.com] Re: SpreadTrading Training

 

Earlier this year I did launch a private member site. I licensed a
video trading course, which is available for download in the member's
site but I am in the process of compiling my own materials. While I
like the course I licensed, I think my materials will be better focused
and provide a bit more practical guidance. We also have weekly live
webinar/chat sessions and a discussion forum where members can get
support. Member's receive access to all new materials as they are
added, which tends to be on a weekly basis.

I have not really promoted the site heavily, opting to let the member's
site develop some character first and hopefully pull together the video
materials that I am working on before really trying to "get the word
out." But, it is there and is accepting new members.

Christopher Smith
TheOptionClub.com

--- In OptionClub@yahoogroups.com, "bmaltz1954" <bmaltz@...> wrote:
>
> Does Chris have an Options course? if so, I'd like more information
on it.
>
> Thanks,
> Ben
>
> --- In OptionClub@yahoogroups.com, "schlange.meister"
schlange.meister@ wrote:
> >
> > Hey guys
> > I have done the classes and watched the videos from JeffreyZiegler's
options site. That has helped me get a good starting point for credit
spread trading. I am now paper trading that and starting to learn more
and more.
> >
> > I started to think that maybe another course or book on the same
subject would be good. Option University is out because the costs and
they spam me everyday with different things. Secondly, I think it is a
bit deeper than I really want to go. I am more interested in vertical
spreads as a style and nothing too complex - I just do not see complex
trading as a need for earning a modest monthly return.
> >
> > One thing I liked about the intro videos from optionclub is this
manage your business by the numbers (the greeks). Jeff does not mention
anything about managing by the greeks and Chris mentioned that a lot.
Is there a lot of value I would get from buying Chris' courses and
watching his videos or is it going to be the same stuff as Jeff's but
with different voice and words?
> >
>

__._,_.___
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

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Posted by at No comments:

[TheOptionClub.com] Re: SpreadTrading Training

 

Phil's discussion on Elite Trader was very good. We also had some
excellent chat sessions with him. Dig through our archive, it's all
still there.

Christopher Smith
TheOptionClub.com

--- In OptionClub@yahoogroups.com, "Steve" <jsgoings@...> wrote:
>
> In the Elite Traders forum is one of the best credit spread trading
journals I have run across. Though it dates from 2005, it has been a
great resource for me, and you might like to take a look at it:
>
>
http://www.elitetrader.com/vb/showthread.php?s=&threadid=49586&perpage=1\
0&pagenumber=1
>
> This thread was posted by Philip Budwick, who at the time, was posting
as OptionCoach. Philip is the author of "The Option Trader Handbook,"
which I have and recommend. I believe he has had some chat sessions with
Chris here in this forum.
>
> The journal focuses on writing put credit spreads on SPX in an upward
trending market, and deals with many nuances including when to hedge,
when to roll down, when to put on the "other side" for an Iron Condor,
etc. A real feast of practical trading.
>
> Hope you find it use full.
>
> Steve G
> (You may need to register with them to view the thread, I do not know,
but it is free, and they do not spam you.)
>
> Sadly the ET forum has gone the way of most, with lots of flaming, and
spamming, and posing, etc. This thread, though makes it worth the slog.
>

__._,_.___
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

To unsubscribe from TheOptionClub, send an email to:
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Posted by at No comments:

[TheOptionClub.com] Re: INO.com and 'Giant Footprints'

 

INO.com's Giant Footprints is a trend following system that can be
traded on multiple time frames. My experience is that if it is applied
properly along with good risk management, it can serve as an effective
trading system.

Christopher Smith
TheOptionClub.com

--- In OptionClub@yahoogroups.com, "bmaltz1954" <bmaltz@...> wrote:
>
> Hi,
> I was wondering if anyone has any ACTUAL trading experience using
> INO.com's 'Giant Footprints' indicator. Is it any good in picking
> entries and exits for options trading? Thanks,
> Ben
>

__._,_.___
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

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[TheOptionClub.com] Question on Quotes

 

i have the following data

root *GOPM *YVCM
date 07/15/09 07/15/09
open 117.2 144.4
high 117.2 144.4
low 111 144.4
close 111 144.4
volume 19 0
outstanding interest 318 302
bid 109.5 130.4
ask 110.3 131.1
strike 540 540
month Jan Jan
type Put Put
expiry 01/16/10 01/16/10
symbol GOOG GOOG
stock 438.17 438.17
last trade date 07/15/09 07/07/09

heres my questions -
1. What is Root "YVCM" - is it valid ??
2. For strike 540-puts-google-expiry 1/16/2010 - wha bid ask should i be using ??
3. Can you tell me the logic to use 1 bid/ask price for every option-strike-type-expiry ??

thanks

__._,_.___
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com
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Posted by at No comments:

[TheOptionClub.com] Re: SpreadTrading Training

 

In the Elite Traders forum is one of the best credit spread trading journals I have run across. Though it dates from 2005, it has been a great resource for me, and you might like to take a look at it:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=49586&perpage=10&pagenumber=1

This thread was posted by Philip Budwick, who at the time, was posting as OptionCoach. Philip is the author of "The Option Trader Handbook," which I have and recommend. I believe he has had some chat sessions with Chris here in this forum.

The journal focuses on writing put credit spreads on SPX in an upward trending market, and deals with many nuances including when to hedge, when to roll down, when to put on the "other side" for an Iron Condor, etc. A real feast of practical trading.

Hope you find it use full.

Steve G
(You may need to register with them to view the thread, I do not know, but it is free, and they do not spam you.)

Sadly the ET forum has gone the way of most, with lots of flaming, and spamming, and posing, etc. This thread, though makes it worth the slog.

__._,_.___
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com
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Posted by at No comments:

Re: [TheOptionClub.com] Re: SpreadTrading Training

 

Nice instructional blog! Looks like a good resource. thanks Stan!


~gf

On Tue, Sep 29, 2009 at 8:24 AM, StanG <asahi3@hotmail.com> wrote:
 

Hi,
Try www.mdwoptions.com and his book - The Rookie's Guide to Options by Mark D. Wolfinger.
Stan


__._,_.___
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com
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Posted by at No comments:

[TheOptionClub.com] Re: SpreadTrading Training

 

Hi,
Try www.mdwoptions.com and his book - The Rookie's Guide to Options by Mark D. Wolfinger.
Stan

--- In OptionClub@yahoogroups.com, "schlange.meister" <schlange.meister@...> wrote:
>
> Hey guys
> I have done the classes and watched the videos from JeffreyZiegler's options site. That has helped me get a good starting point for credit spread trading. I am now paper trading that and starting to learn more and more.
>
> I started to think that maybe another course or book on the same subject would be good. Option University is out because the costs and they spam me everyday with different things. Secondly, I think it is a bit deeper than I really want to go. I am more interested in vertical spreads as a style and nothing too complex - I just do not see complex trading as a need for earning a modest monthly return.
>
> One thing I liked about the intro videos from optionclub is this manage your business by the numbers (the greeks). Jeff does not mention anything about managing by the greeks and Chris mentioned that a lot. Is there a lot of value I would get from buying Chris' courses and watching his videos or is it going to be the same stuff as Jeff's but with different voice and words?
>

__._,_.___
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com
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