Humble

Well, take a look at their position sizing: it's around 16-20k, and they have 8-12 positions at any given time. Which means pretty high leverage. As you mentioned, if the market take a dive and they are assigned on all (or most) positions, it won't be pretty.

Please let me know what would you expect to see that is not covered in the current video.

No, nothing personal.. just hate hypocrisy.

As a rule, I usually don't comment on other services. Members can discuss whatever they like.

I didn't have any personal interaction with Sosnoff. However I know that he was asked for years to provide his personal track record, and he has been refusing to do it. For someone who claims to be honest and transparent and take care of the retail investor, refusal to show track record speaks volume in my opinion.

He wasn't trading for 30 years. He was a market maker in 1980s, then co-founding Thinkorswim in 1999 and sold it 10 years later. It doesn't necessarily mean he was trading by himself. I'm not even sure he is trading today. There is no evidence that he does. No track record, nothing.

I suspect that he does have an idea about trendfollowing. But it does not serve the main purpose of tastytrade which is generating commissions for TOS. trendfollowing doesn't require frequent trading.

Following a member is one of the new features that I mentioned at the beginning of this topic. There are few other nice features, and I recommend that members review the full list of features to take a full advantage of the new software.

You need to follow each new topic to get updates from that topic. As mentioned in Welcome to SteadyOptions and Frequently Asked Questions : You will need to specifically follow each forum you want to get updates from. When you follow the forum, you will get an email about every new topic in that forum. If you are interested getting emails about new posts in that topic, you will need to follow that topic.

You are not following the trade topics. ALL MEMBERS, PLEASE MAKE SURE YOU ARE FOLLOWING THE RELEVANT FORUMS AND TOPICS BEFORE ASKING FOR HELP. THANK YOU!!!

Well, for those who watch their studies and rely on them for their trading, here is one example. The parameters of the study: Use AAPL and GMCR as underlying. Buy a ATM straddle 20 days before earnings. Sell it just before the announcement. The results of the study, based on 48 cycles (2009-2014) AAPL P/L: -$2933 GMCR P/L: -$2070 Based on those results, they declared (once again) that buying a straddle before earnings is a losing strategy. First of all, dismissing the whole strategy based on two stocks is completely wrong. You could say that this strategy does not work for those two stocks. This would be a correct statement. Indeed, we do not use those two stocks for our straddles strategy. Second, from our experience, entering 20 days before earnings is usually not the best time. On average, the ideal time to enter is around 5-10 days before earnings. This when the stocks experience the largest IV spike. Third, the study does not account for gamma scalping. Which means that if the stock moves, you can adjust the strikes of the straddle or buy/sell stock against it. Many times the stock would move back and forward from the strike, allowing you to adjust several times. In addition, the study is probably based on end of day prices, and from our experience, the end of day price on the last day is usually near the day lows, and you have a chance to sell at higher prices earlier. As a side note, presenting the results as dollar P/L on one contract trade is meaningless. GMCR is trading around $150 today, and pre-earnings straddle cost is around $1,500. In 2009, the stock was around $30, and pre-earnings straddle cost was around $500. Would you agree that 10% gain (or loss) on $1,500 trade is different than 10% gain (or loss) on $500 trade? The only thing that matters is percentage P/L, not dollar P/L. Presenting dollar P/L could potentially severely skew the study. For example, what if most of the winners were when the stock was at $30-50 but most of the losers when the stock was around $100-150? Tom Sosnoff and Tony Battista conclude the "study" by saying that "if anybody tells you that you should be buying volatility into earnings, they really haven't done their homework. It really doesn't work". At SteadyOptions, buying pre-earnings straddles is one of our key strategies. Check out our performance page for full results. As you can see from our results, the strategy works very well for us. We don't do studies, we do live trading, and our results are based on hundreds real trades. Of course the devil is in the details. There are many moving parts to this strategy: When to enter? Which stocks to use? How to manage the position? When to take profits? And much more. So we will let tastytrade to do their "studies", and we will continue trading the strategy and make money from it. After all, as one of our members said, someone has to be on the other side of our trades. Actually, I would like to thank tastytrade for continuing providing us fresh supply of sellers for our strategy!

Quoting a trader I respect very much: They (tastytrade) will discredit any strategy you name. The only thing that works is selling options based on implied volatility rank above 50%. A newbie trader will tend to adhere to this advice as the Bible, especially when heard from two market veterans of 2-3 decades and this is what I have a problem with. It discourages research, it discourages self-discovery and study on the individual rookie trader limiting their growth and potential and tying them to one system which in the end is no holy grail, just another vision for trading the markets. Where does this leave the thousands of very successful investors that have made fortunes over the years not selling Credit Spreads? Where does this leave the countless CTAs that have been able to ride monster futures' trends in the past whose returns have been properly audited and documented? At SteadyOptions, we encourage open discussions about variety of strategies. Our strategies work for us, but you will never hear us saying that they are the only thing that works.

There is a lot of buz lately related to tastytrade, Tom Sosnoff, Karen Supertrader etc. so I thought it would be appropriate to open a discussion topic where members can discuss tastytrade and exchange ideas and opinions. Here are some links to articles and posts about tastytrade. Karen Supertrader: Myth Or Reality? Karen Supertrader: Too Good To Be True? Karen The Supertrader Interviewed by tastytrade Why 'Karen the Supertrader's' Story Never Made Sense Tastytrade: A Shill with Skills Can We Profit From Volatility Expansion Into Earnings? Buying Premium Prior To Earnings - Does It Work? Another garbage study from Tasty Trade Reviews of TastyTrade.com at Investimonials While the shows can be entertaining, here is one opinion that summarizes what tastytrade do:

It will be different for different stocks. For example, for LULU the weekly straddle was 8.5% IM before earnings, but going extra 4 weeks out the straddle was 11%. It depends on IV (higher IV will have bigger difference in price) and other factors. ORCL IV for July was almost unchanged today, but the price became slighly lower due to negative theta which is around $3/day. Of course IV is dynamic and can slightly fluctuate, but overall we entered at reasonable levels, comparable (or slightly lower) with previous cycles

July straddle price is in line with June price, considering extra 4 weeks of theta. And the price is reasonable compared to previous cycles. I don't know if this is the lowest we can get, but considering there are only 5 trading days left and the stock is close to the strike, I felt it offers good risk reward.

I'm glad you like it. We put a lot of effort into it. The IPS forum software considered one of the best on the market, and the new version is better than ever. Their support is very good as well, as indicated by the speed they resolved the latest emails issue (which was non trivial at all).

@LuckyStartake a look: https://steadyoptions.com/articles/optionslamcom-discount-for-steadyoptions-readers-r112/

From my earlier post: Two new Notification settings introduced: instant notifications and HTML5 browser notifications. Members can now get pop-up notifications even when not active in that window at the time.

Older posts have the actual dates. And if you hover the mouse over the date, you get the full date and time on all posts.

There are some members here who took Sheridan options courses. Just do a search and you will find many topics mentioning him. Here is some more info about Sheridan Options Mentoring program: Sheridan Mentoring reviews Sheridan Mentoring Administrative Fee I myself went through the program. It's a good program, but pricing has changed significantly since then. I would pay attention to a small print. Here is another good discussion comparing different options and alternatives: http://forums.capitaldiscussions.com/threads/looking-for-guidance-sheridan-options-mentoring-smb-u-or-john-locke.366/. My biggest concern would be if you currently get good value for money. The program used to be 6k for lifetime membership including 12 one on one mentoring sessions and ALL new and old courses included, with no extra fees. Today all programs are limited in time (no lifetime membership anymore) and the gold program is much more expensive. Overall Sheridan Options Mentoring is a good options program. They always have been saying that options trading is a hard work and you need to practice the craft a lot before you can become successful. They don't promise any shortcuts, only hard work. I share this philosophy very much. Unfortunately the community is not what it used to be. Many veteran members left and the discussions are much less intense than they used to be. So you need to decide if 7k is a good value for mentoring only, without the added value of the community.

I assume you refer to How we trade Calendar Spreads post. This post was a bit outdated, I updated it now. We basically have 3 cases that we trade (second one the most common).

Most brokers should provide you the P/L charts. The best thing would be to buy options software like ONE, but it costs around $600/year.

Please note that we also added "My Activity Streams" right below the search box. There are few default activity streams, and you can create your own, based on different parameters.

The whole point of responsive design is having font which is readable on mobile. Having 11-12 words per line means font which is too small, and in many cases you need to zoom in to read it.

@equus are you referring to desktop or mobile?