Humble

Thank you guys. IPS did a nice job with this release, and we worked hard to integrate it. Not a trivial job at all.

This is because I quoted you, and members "Someone quotes a comment or post I made" setting is set to instant notification by default. @equus Here is another cool feature: when I mention someone he will get notification as well

Mobile version is now fully responsive and much more user friendly. No you still need to follow each new topic. However, since there is now an option to follow members, you can follow me, in which case you will get notifications about all my posts regardless which topics you follow. There is also an options of instant notifications which should be faster than email. If you select it in Notification settings, you get instant pop-up notification when something posted. it's a very cool feature, try it.

The new website is now live. We re-designed the content and upgraded the forum software to IPS Community Suite 4. The forum provides dozens of new features and enhancements to existing features. Some of the highlights of the new website and forum: Better and faster user experience. Fully responsive design looks great on desktop and mobile. A member now has the ability to follow another member. The New Content area shows an auto-updated stream of all content from across the community, with customizable filters. A comprehensive search engine, enabling users to find content from across the community. With a wide range of filters available and the ability to drill down by content type, finding relevant content is simple. @mentions: Members can now notify other members by typing their name to mention them - the perfect way to ensure a member sees something they might otherwise miss. If you type an @ symbol and then start typing the name of a member, an autocomplete menu shows so you can quickly then click on the user and they'll receive a notification that they've been mentioned. Automatic Saving: The editor auto-saves each and every post you write. If you accidentally navigate away from the page, your post content can be recovered, so that if you come back later you can continue right where you left off. 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. You can see all new features here. Many thanks to Stephanie Motz who designed the new website, 03E team who implemented it, and our webmaster Daniel Nevo. You are welcome to post your feedback and comments.

Well, we can argue that when you give someone your email and they send a promotional material to that email, it is not really spam. This is a common practice. Nobody forced you to provide your email. As for ebook compared to website - I really don't see what is the issue. In both cases it is an electronic not physical delivery. I don't send many promotional emails like other websites do. In this case I felt that this ebook (or whatever you like to call it) can benefit the members. If you felt I wasted your click, my apologies.

Dear Matt, First, I'm not sure what is the difference between ebook and webpage. The webpage you got access to contains 10 chapters of different options strategies. The only difference is that it's not downloadable, but I'm not sure why it's important. If you read my email, you noticed that I said "I just published a brand new eBook along with the team at OptionPub." That implies that it was a team work. "the usual suspects" are very well known and respected options experts, like Lawrence G. McMillan, Peter Schultz, etc. I found most of the articles well written and informative. They present you different options strategies that can add to your trading arsenal. No strategy is perfect, and no strategy is a holy grail. I'm sorry that you didn't find a value in this ebook.

yes.

You are definitely paying too much. Switch to IB.

Yes, the info is still correct.

Absolutely. This is why I always recommend closing all spread positions before expiration.

It doesn't matter if you call it TOS or TDAmeritrade - Sosnoff still has a stake in it. I don't know how much commissions he pays, but it is not really relevant. As mentioned on several occasions, they do make money from tastytrade and dough in many ways. My biggest problem with Sosnoff: he presents things as black and white. Things are never black and white. Not in life and not in trading. For example: According to Sosnoff, you should NEVER buy premium, only sell. NOT TRUE: https://steadyoptions.com/articles/post/steadyoptions/buying-premium-prior-to-earnings-does-it-work-r89 They use very specific parameters to prove that buying straddles before earnings doesn't work. We prove with our results that it does work - BUT: you need to know which stocks to use, when to buy, how to manage the trade etc. According to Sosnoff, you should sell strangles on high IV stocks before earnings. NOT TRUE: How NOT to Trade $NFLX Earnings High IV does not automatically mean that you should sell those options. IV on stocks like NFLX, AMZN etc. is high before earnings for a reason. Generally speaking, when someone defines everything that is different from his style of trading as "garbage", I would be very careful.

Tom Sosnoff still has significant stake in TOS, and also partnership with dough. What they do is huge conflict of interest. But they are not alone - look at Najarian brothers who own optionmoster and optionshouse/trademonster. Most people are not aware how corrupted this industry is.

I think first thing you need to understand is simple calls and puts. Learn how the Greeks impact the options prices. Then you can switch to more complicated strategies. Try to read couple books from our recommended list.

Hello everyone, We are getting ready to upgrade our forum software and refresh the overall look and feel of the website. The new software will provide more features and better user experience. It should have no effect on users, except for one small change: Display name and login name will be merged, and display name will be used. Some members use different names for Display name and login name. After the upgrade, you will have an option to login with your Display name or your email (other members will still see your display name). If you want to change your login name now to be the same as your display name, please PM me and I will do it for you. If you don't do it now, you will just have to change the way you login after the upgrade. At this point we are looking for volunteers to do some beta testing. As a reward, we will provide a one month free access to all our services (or one month refund) to a tester who will provide the best and most comprehensive feedback. Please feel free to ask questions and provide feedback. April 26 update: We switched to new server tonight, and apparently it is causing some emails to go to spam. If you stopped getting emails please check your spam folder. While we are investigating, please add a filter as a temporary solution.

According to options prices, IV of apr5 is higher than apr4, so I'm not sure about April 19 earnings. And if this is true, then apr4 doesn't catch earnings.

Uptrending markets are actually pretty bad for selling premium since IV is low and premiums are low, so you have to go really close to the money with weekly options. And if I understand correctly, they sell credit spreads not ICs most of the weeks. So you need to be really good with direction. btw, based on the reviews http://www.stockgumshoe.com/reviews/5-percent-per-week/, their reporting is also not accurate. My point was not to "review" a competing service, but to show how risky the strategy can be. Plus the whole point of any trading system is to compound gains - and if you compound, then ten 5% winners are NOT equal to one 50% loser. Not to mention 70-90% losers.

As for all weekly trades, the risk is pretty high due to high negative gamma. In this case, SPX is overbought and overstretched, so the probability is pretty good. But in general, those are risky trades. Why You Should Not Ignore Negative Gamma article explains why I don't like to open or hold trades close to expiration. I guess matter of personal choice. This is pretty similar to what those guys are doing - http://www.5percentperweek.com/customer/customerMain.php?section=tradePage&step=viewClosedTrades. As you can see (scroll down to see the latest trades), they get 4-6% most weeks, but few times a year they have 50-90% loss, due to high negative gamma.

My data:

Interesting trade. The problem is what happens if the market starts to calm and volatility starts to drift lower? 18-19 is your weak spot, and it's entirely possible that VIX will start drifting there.

I know that IB has no problem with naked options.

Not sure what happened, I will check it. Just use YouTube for now.

In the long term, it should probably level out.

Since there is a fair number of Canadians here (including myself), I thought it would be beneficial to start a discussion about Canadian Couch Potato strategy. Since Canadian options are not very liquid compared to US, I don't trade them and place a chunk of my long term investments into Canadian Couch Potato. Here is the link: http://canadiancouchpotato.com/ And here are the model portfolios they recommend: http://canadiancouchpotato.com/model-portfolios-2/ Here are the long term returns of different allocations for Vanguard ETFs: What I find pretty amazing is the fact that if you look at 20 year annual return, there is only 0.3% difference between the most conservative allocation (30% stocks, 70% bonds) and the most aggressive (90% stocks, 10% bonds). But the difference in drawdowns in huge.

could be configuration issue or permissions. I suggest opening a ticket.

Please see my comments above. Personally I did not see any proof yet that this is a profitable strategy in a long term.