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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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Ethical Service, Excellent Results!!
There are a number of services available which provide decent results, but I have not seen anyone with the depth of educational value which SteadyOptions provides. If you are willing to put in a little bit of effort to understanding the techniques, you should do quite well.

I've been a member for over 3 months. In the first two months, I sometimes found it a challenge to replicate the trades. Then I realized that if I simply try to mirror the exact trade execution prices, I would be disappointed. It's not too difficult to get prices close to what the trade alerts provide, and even if you are a few percent off, you can still make a decent profit. The forum and its active participation are really the gem of the service.

If you are expecting to be totally passive and have the trades handed out to you, then this may not be the service for you. But if you put in just a little bit of understanding, I think anyone should have the potential to do well.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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short term options high probability non directional trading
I have been a member since inception and found the service very valuable. The founder and some of the members are very knowledgeable and generous with their advice, so following the discussion

threads is very instructive, if sometimes time consuming. This makes the service very valuable from an educational perspective.

The site has evolved from trading pre-earnings straddles exclusively to a multiplicity of non directional strategies aimed at relatively high probability trades with reasonable profit expectations and very limited risk.

Trade recommendations and discussions are supplied frequently and concisely in a timely manner.However, I have found it sometimes difficult to replicate the trade. I expect the average user

will miss out on some trades, probably reducing the return somewhat relative to the published ACTUAL published returns. In any case, members must devote some time to following the market and the trades. This is not a service for a completely passive follower.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Been here since the beginning. Nothing like it.
I've been with SO since the beginning. It's responsible for my success in trading. Though this may sound dramatic, It really was a life changing decision to join. Though I say that, option trading really does require a lot of work, study, introspection and learning. If you aren't going to actively think about option trading and completely understand it AND learn from your mistakes, then you won't have much success. That said, without this forum and community, I would never have learned what I've learned and I give it, and solely it, credit in the trader I've become.

Though options can be risky especially in directional plays, this one concentrates on a balanced non-directional approach at the portfolio level. Often trades will complement each other by balancing the greeks. The returns are fantastic and you are literally more conservative than just buying straight equities or even just buying indexes. It's the type of forum where you actively work with other members and with Kim to come up with great trade ideas or to improve on ones already used. People on the forum are always working together in backtesting and improving ideas mostly related to earnings and volatility trading. This work is a testament to the innovation of trade ideas from the start of the forum to where it is today. There is nothing like improving upon strategies that already produce. I've spent sometimes 100s of hours backtesting and refining ideas that are shared on this forum. We've honed in on some incredible trade ideas and combinations.

I HIGHLY recommend Steady Condors and Steady Options.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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This is what Option Traders Need!!!!
I have been an Options trader for 10+ years now and have learned the business through my fair share of blood, sweat and tears. It took me years to understand that survival in this business has more to do with having a solid trading plan combined with rock solid discipline to follow that plan every single day - which majority of market participants havent fully realized or those who have struggle to put it in practice.

There is a huge difference in knowing how to do it and actually doing it. This is where Steady Options comes in play.

I was one of the first 30 people who joined Steady Options 2 years ago and have been closely following it since day 1. Having joined and left several investment advisory services, I have to say that Steady Options is by far one of the finest destination for option traders. The site focuses on a comprehensive plan around non directional strategies and guidance from a community who has a common objective of making it into the lucrative business of options.

I have been reading Kim's articles for years now and i have tremendous respect for him at all levels whether it is knowledge around non directional strategies to risk management to the ability to articulate complex option strategies so it can make sense to users of all levels of experience to running an incredible business that is laid on a foundation of true value to its customers.

Above all these things, the aspect that I like & respect the most about Kim and his options service is complete and utmost honesty & transparency in every single trade that is performed along the way. Trust is not easy to build, especially when it comes to dealing with skeptics all the time - this is where Kim gets my utmost respect in terms of doing such an incredible job of taking care of all the members and genuinely trying to help them become better & profitable traders.

Even though I have tremendous experience in this space and could perform all this work on my own, but i still find it valuable to continue this service because it saves me hours of work every day so that i'm able to consume the outcome of the research of a fine options team backed by Kim, Chris and others.

I give this service 5 stars. Way to go Steady Options!!!

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Non-directional options trades that really work
I first found and joined Steady Options two years ago. Back then it was almost exclusively based on one of Jeff Augen's options trading techniques mentioned in The Volatility Edge in Options Trading. Since then I've been able to watch the site evolve (through a combination of excellent site management and member participation) to include several other types of trades.

In addition to the great community constantly looking to learn from one another, what sets this site apart is that these trades really do work. The near outrageous trading gains that are reported after standard brokerage fee subtraction are real and made available to members (through website postings as well as a realtime Twitter feed). Kim's actual trades are screen captured and placed in his posts to show the actual price that he achieved.

Steady options constantly improves its performance by doing post-mortems on the less optimal trades as well as constant reviews of the previous month's trades to identify proper entrance and exit points as well as trade type (straddle, strangle, calendar, etc…).

What started off as site focused exclusively on non-directional, pre-earnings options only trades has expanded to include VIX calendar trades, index iron condors, and sections for Anchor Trades (for large long portfolio protection) and Steady Condors (monthly modified iron condors with very high reward to risk ratio and also high success rates).

Because some of these trades are getting fairly complex and require a high degree of maintenance, Steady Options has also paired with Lorintine Capital to off auto-trading for members at exclusive rates.

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Excellent site to learn how to trade volatility
This is a great educational site to learn how to trade volatility with a mix of playing earnings releases on stocks and non-earnings plays on indices like RUT and VIX. I like the total portfolio approach and attention to overall delta, vega, and theta of all positions. Some trades are entered with the intention to not only make a gain, but also to hedge the portfolio. It took me a while to realize this but even if a trade is break-even or small loss, it can often be considered a success as a nearly free hedge against drastic moves in the market that could harm other positions in the portfolio such as IC's or calendars.

Pros:

1.) Excellent community with many contributions from members "digging up" trading opportunities and sharing their unofficial trades and results with everyone.

2.) Communication - Kim responds to questions very quickly.

3.) Trades usually limit exposure to unexpected "news" - These trades typically act in a predictable way leading up to earnings (i.e. no gambling on what news the company is going to release at earnings which is usually a 50/50 proposition)

Cons:

1.) Strategies were somewhat complex for the casual trader like me, and time and effort should be taken to understand the relationship with the spread price and the various greeks. These relationships were not apparent to me at first but once understood are very profound. This actually becomes a "Pro" as I've had good success with my own spread trades using these ideas.

2.) Requires nearly immediate access to your trading platform every day to follow the portfolio closely.

3.) Following the open trades can be addictive - I actually had to take a break from SO for a few months as it was affecting my work performance. Recently rejoined and wish I hadn't left.

4.) I'm struggling with how to implement this across 5 accounts (taxable account, two traditional IRA's, and 2 Roth IRA's) and maintain the portfolio balance Kim strives for. This is not really a con of SteadyOptions itself, but I would like to see a bit more discussion / articles about how to handle this as I would bet it affects quite a few members.

Overall, the membership is well worth the money.

Tim

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Fact or Fiction? You Decide
I would like to interject my two and half cents to the previous posters debating the performance and ratings of this site.

I've been a member of Steady Options for almost 2 years and I have been a trader of every strategy, vehicle, and time frame imaginable for over 15 years. I have not only been a member of most every site out there but also ran a trading platform with over 400 members. We had quite a few months that netted over 100% in performance through auto trading. These were based on real fills and we often posted our personal fills online. That being said, it never ceased to amaze me how a few people would nickel and dime and nit pick when it came to performance. Heaven forbid that someone's fill was a dime different than what we posted. Suddenly we where liars who were out to get everyone. Get real.

First of all, Bijpy_gopal and Jozsika are definitely entitled to their opinion. But they are making claims that are inaccurate. So let's step back and look at facts in the real world.

I encourage everyone to take look at other option sites out there and understand how their published performance is tracked and reported. In reality most sites out there are completely off with what they post and what is actually obtained. In fact, most sites simply send an alert and that's where it ends. Management and exit is on you. As an example, here is a description of another option site explaining how they post performance:

" ....posting results that indicate what was possible for traders to achieve on every single trade, good or bad. We realize that it is highly unlikely to achieve these results, but it is incredibly important to track the performance of our trades in this manner."

They post the HIGHEST "what was possible" return and count every trade that popped at least 10% to the upside a winner. Even if it went up 10% and then fell 50%.

But this is what people want to see ... and makes them sign up.

Now let's turn to SO. I would be willing to bet that Kim and his site to be one of ... if not THE most accurate, concise, realistic and transparent sites out there, ESPECIALLY when it comes to performance reporting.

However, I'm sure a few of you out there will argue back and forth the minor details in this area, so let's look at it a different way. I've owned a few businesses and whenever you look at the potential profit it is prudent to include a margin of error. Typically, it's 10% to 15%. Let's do that here and ramp it up even more so that there is no confusion. Let's use a 50% margin of error. Sound fair?

So we are going to use only HALF of what is reported.

SO achieved 89.7% in 2013. If we include a 50% margin of error he still would have returned over 43% which means he would have OUTPERFORMED the S&P 500 by over 11% in it's best year since 1998.

I might also add the stock market achieved these returns simply because it headed straight up. It was directional. Let's remember Kim has a non-directional strategy approach with the ability to enhance returns even more during a choppy or negative market.

Through running my own site I am well aware of the time and patience it takes to run a membership program like this. You are limited on vacations, and flexibility of time, and have to deal daily emails and those with unrealistic expectations.

Also, to the person that complained about 2 down months last year ... you are a perfect mark for all those sites claiming the holy grail that will never lose your money. Try a few of those then let us know how it goes ...

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Learn to trade profitable option strategies
SteadyOptions teaches low risk, non directional option strategies that deliver consistent results. You will not just blindly follow trade alerts but fully understand the strategies behind the trades and feel comfortable executing your own trades based on the strategies. This is the one option site I would recommend and I've been a member of several.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Excellent balance of risk and reward, great education
I have been a member of SO since it began. In the beginning it was difficult to make money due to complexity of the trades, difficulty in getting good fills, too frequent adjustments, and excessive commissions. It's worth noting that this is a service that exploits Implied Volatility, and that timeframe had historically low IV which made these trades difficult to make money on.

However, Kim made many adjustments to the strategy and trade types so that we do very well when IV is low also. We also focus on trades that are less complicated to execute and which consume less commissions. What's interesting is that some of our best trade ideas have been identified by the members themselves, who are out there researching for high probability trades. One guy provides excellent charts on all our earnings candidates. Another guy researches unusually cheap calendars on upcoming earnings candidates. I don't know these guys but I'm sure happy to be in their company.

Bottom line is that, thanks to SO, I am educated enough to research my own trades, determine attractive entry prices, do backtesting, determine trade adjustment points, minimize my losses (which is more important than maximizing winners), and evaluate my portfolio daily against the greeks in order to determine if it's properly balanced. If the market goes up, I'm making money. If the market goes down, I'm making money. if the market does nothing, I'm making money. My long term goal is to scale up so that I can trade independently for a living, and I don't think there would've been a prayer of achieving this had I not joined this forum. Now I'm well on my way to this goal.

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Offers steady returns while managing risks well
When I first came across the idea of nondirectional trading, I didn't think good returns were possible. SteadyOptions has laid that misconception to rest. They do their homework and put on trades that meet their criteria for trading. The returns so far have been very good. My account is up almost 3% this year while the market is down. As they say on their site, their aim is for steady returns, not home runs, and they deliver.

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