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.
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.
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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