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SteadyOptions

SteadyOptions is a combination of a high quality education and actionable trade ideas. Our style is non-directional trading. We aim for steady and consistent gains with a high winning ratio and limited risk. Our focus is on trading Earnings-Associated Implied Volatility rise, Iron Condors, Calendar spreads etc. Our performance is based on real fills, not hypothetical performance.

 
 
 
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In It's Own Class
I have been a member of most every trading site (including futures, stock, options, etc) out there over the last 8 years plus and have been...
JasonV
 
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Great educational and informational tool.
I have been a member of SteadyOptions since it was a Yahoo newsgroup, about 2 years or so. When I joined, I was pretty much an options novice with a good background in stock trading. Greeks? What does that have to do with stock trading?

My objective was to take advantage of earnings season, at a lower risk. This was Initially returns were almost mind-blowing, almost like free money. Later, trades became much more challenging, as market volatility dropped to extremely low levels. At this point, Kim increased his coverage to help us achieve our objectives, including monthly/weekly condors, calendars, etc.

What does this show? No strategy works at its best in all markets. Kim has made adjustments to his strategy to accommodate changing market conditions, with proven success. This is something few services manage to accomplish.

Pros:

Solid performance, extremely good communication (Post a question, Kim will answer, usually the same day, if another member does not answer earlier.) Excellent education, and plenty of pointers to further study. It would be hard to remain an options novice after a year of membership.

Cons:

Fills can be a bitch. Getting the best fills is work. Follow the topics, investigate what a good price is at current volatility and market, and make an order. If you wait for the signal, you will miss trades. Sure you may get better prices, but Kim is very good at finding a sweet spot. If you want great fills can't wait for the signal.

The service is getting a few too many offerings for my tastes, but since they are under different "advisers" it has not affected the base SteadyOptions performance. As long as this continues to be the case, they do not really bother me, but it is something to watch in the future.

Overall, I recommend steady options for newer traders willing to learn and work a little, and experienced traders looking for a new trading method for part of their portfolio.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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An excellent service
I joined Steady Options about 3 months ago. I have been trading options for five years, and I have an extensive theoretical education. I really like pre-earnings trades (ie closing out the trade BEFORE the company reports earnings), so Steady Options style of trading is perfect for me. What I like most about the service is that I am learning how to better spot trades that are likely to be profitable. For me, I am not so hung up on trying to exactly duplicate the model portfolio, as markets move all the time and it is nearly impossible to get the exact prices that someone else gets. Sometimes a better price is available, sometimes worse. The most important thing is to be able to do this for myself 5, 10, and 20 years down the road. Yes, I joined SO to make money, but I am also there for the community and learning. It is great to be able to have in depth discussions about trades with other serious traders.

Kim is an excellent trader, and his opinion and insight is valuable to hear. He usually answers questions on the forum promptly, which I appreciate.

I do believe that it is important to have a good understanding of options before joining a service like Steady Options, you will be better able to understand the trades and the kind of risk you are taking.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Low risk option trade advices
I joined this service to balance my trade portfolio and to introduce lower risk trades. Most of the trade alerts given are strangles, calendars or straddles chosen to minimize losses in the event the market goes against the trade. The service enables me to put the trades on and forget them until I get an alert that the trade will be closed shortly. Kim the proprietor does all the research work.

My experience over 3-4 months is positive in terms of net P&L. My returns on capital employed are approx 10% after all commissions for the period and I am in the trades for an average of 5-10 days so capital turnover is good.

I disagree with the negative remarks about fills. Clearly the writers are not options traders. I frequently get fills that are better than the proprietors fills by being patient and not taking trades if I don't get a good price. There is no imperative to take every trade. The market moves.

I intend to continue my subscription as it balances my portfolio.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Outstanding Options Insights
Gains and losses are not mathematically equal. It takes a 100% return to recover from a 50% loss. In other words, it is more important to minimize losses while consistently making decent long-term returns. SteadyOptions teaches you how to do just that using a balanced portfolio of different types of options' spreads. You need to read all of the background materials provided by SteadyOptions to understand how each options' spread trade is constructed and how it is supposed to function.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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SteadyOptions will make you a better stock options trader!
I've been with SteadyOptions for more than a year, and just like everything else, there's a learning curve. My plan was never to just follow Kim's recommendation, I wanted to actually learn and acquire the necessary skills to increase the probability of making winning trades. Did I succeed? You bet I did, I spent countless hours in the past year just reading and learning and now I'm a much much better trader than I was a year ago. Now I often trade independently and make smart trades using Kim's guideline. I do replicate Kim's trade results, but a lot of times I do better because I'm my own boss, and I can devote a lot more time sitting in front of my laptop than your average Joe.

Kim provides SteadyOptions as an education service, and I'm so glad I found him (I'd miss out on thousands and thousands of dollar had I not join the service).

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Best Options Site for Active Options Traders
I have been a member of steadyoptions for past 6 months. I had read lot of books and even been through few newsletters before joining steadyoptions.

All I can say is steadyoptions is the best site I have ever encountered in options trading. If you are serious options trader and active in the markets then you should join steadyoptions.

It is not the same like other hundreds of options newsletters out there who just recommend buying some calls or put spreads using their technical approach and let it to fate to turn out winner or looser.

At steadyoptions it is not just putting a trade and hoping it works out. It is about using strategies which are proven and backtested.

The discussion groups are wonderful . I have learnt a lot from other members and from Kim.

Kim does a great job of searching and looking for opportunities.

Its all about making money and a lot of money.

Just checkout the performance graph and you can see the results. Those results are real trades.

I am a risk averse trader and dont like to loose a lot and at steadyoptions the drawdown is so little .

Options trading is hard money and you really need a support group to be with you . It is more fun to make money together than try to be alone.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Great Education. Great Trades. Great Value.
I've been a SteadyCondor subscriber for almost 6 months now and a SteadyOptions subscriber for a few months. (SteadyCondors are modified Iron Condors. The SteadyOptions service, which the company and the website are named after, provides trade alerts for straddles, strangles, calendars and other non-directional strategies.)

If you are looking to trade options for income I would recommend a subscription to one or all of the SteadyOptions services. SO was recommended by a friend that thought I was nuts to have a purely long portfolio of ETFs and a few stocks. He'd ask "Where's your hedge?" and I never really understood how I'd apply a hedge to my portfolio. He'd tell me my portfolio wasn't really as conservative as I thought.

Fast forward at least a year and I finally looked into options trading. Iron Condors appealed to me right away and i started trading the SteadyCondors strategy six months ago. There have been some challenging months where market conditions didn't favour this strategy but I'm still up on the trades thus far and I like the strategy.

I'm now starting to trade the calendars, straddles and other strangles offered as part of the SteadyOptions service. I think this is the order most people should follow. SteadyCondors and/or Anchor Trades first then SteadyOptions once familiar with options trading.

Don't forget to take advantage of the discounts on Thinkorswim if you can. And the discount on OptionNET Explorer. They don't do a good job of advertising these discounts but they're available to all SO members.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Inaccurate Returns, Delayed Exit Orders, Hefty Losses
What a farce! I can't believe people fall for this snake oil Kim is selling! If you look at his own performance page, you will see just how deceiving and untruthful it is.

http://steadyoptions.com/performance

Scroll all the way down to the bottom for a list of each trade and I'll point some out to you.

Kim uses 10% of the balance on the following trade, with a starting amount of 10,000.

Take a look at the trade that was entered on 6/2/14. The balance is 16,953. This means he will use 1695 on the next trade. His next listed trade was entered on 5/29/14 and earned 25%. That is 423.75 off of the 1695. Add that to the balance (16,953) and you get 17,376. Looks correct but wait, the 5/29/14 trade used a balance that was from the future! Only after the 6/2/14 trade was closed on 6/9/14 did he have the 16,953 balance. How could he know what portfolio balance he would have 4 days in the future?

Look at the very first trades at the bottom of his table. On 12/30/13 he starts with 10% of the 10,000 portfolio, or 1000. He earns 21.4%, adding 214 to make his portfolio balance 10,214. On 12/24/13 he trades with 1021 and earns 21.8% but again, the 10,214 balance is 6 days in the future!

You can see this throughout his entire table.

Can't believe I missed this before I joined last year. His alerts are sent out after he fills them so by the time subscribers receive them, the prices are different and returns can vary significantly compared to his own numbers. Sometimes if a trade gets hairy, he will hold on in hopes that the market will turn around. If it doesn't, he claims that he got out days ago so he won't have to report such a big loss. Look at some of his devastating losses last year (http://steadyoptions.com/performance_2013). You'll see numbers like -100%, -56%, -65%, -48%, -75%.

Don't trust this guy. If he can lose 100% or 75% before, he can do it again.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Best Options Site
I have been with steadyoptions for 6 months now and looking back, I see not only huge progress that I have made in understanding options but have made good money.

I hope to continue till one I day I become a millionaire. If you think its impossible then checkout performance of steadyoptions on the website. All trades are 100% accurrate and you see the results right there. If you want those kind of results , all you have to do is follow steadyoptions.

I was new to options 6 months ago and now withhelp of steadyoptions I have learned a lot through discussions .

Kim is very responsive.

I believe steadyoptions is the best forum I have ever joined. I have been through many other newsletters which just give you trade ideas like setup this put spread and pray and hope it works out and if it does not then you loose. But steadyoptions is the only way to make money in options if you are serious.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
6 of 7 people have found this review helpful.
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Professional, Responsive Service and Unique Offerings
I have been a member for approximately 5 months and have been very impressed with the service so far.

The site provides subscription services to several different, very unique options strategies that when combined can be a very strong piece of a balanced investment portfolio.

Steady Options provides guidance and alerts on primarily option volatility plays on stocks around company earnings.

Anchor Trades provides alerts for a fully hedged long ETF investment portfolio.

Steady Condors provides alerts for a couple of different and unique iron condor strategies on index products.

The staff are all very accessible and very receptive to suggestions and feedback. Many members are very knowledgeable and there are always people to bounce ideas off of.

The only small drawback is that the monthly subscription fees are fairly expensive but you get what you pay for in this case.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
6 of 7 people have found this review helpful.
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