Humble

No trades closed in those months.

SteadyVIX is volatility based strategy that targets 30%-40% in annual compounded returns, while being fully hedged against black swan events. The model portfolio will be based upon $10,000 and will usually be approximately 80% invested. There are no liquidity concerns on VIX near term monthly options. The strategy is using a mix of debit spreads, credit spreads and calls in a certain ratio. The SteadyVIX Overview thread on members forums possesses a wealth of information on previous trades allowing new subscribers to get up to speed very quickly. It is recommended that this strategy be traded with a low cost broker like Tradier. February 2024 offer from Tradier: Steady Options customers receive a special Index Option pricing of only $.10 per contract when you sign up for the Tradier Pro plan.** Customers must be subscribed to Steady Options in order to take part in this promotion. Limited to one account per household. *Single Listed Index Options are subject to a $0.10/contract commission in addition to any other charges for exchange, OCC, and regulatory fees. See Fee Schedule for more details. Tradier Brokerage Inc. charges for exchange, OCC, and regulatory fees. Other fees and applicable minimums may apply see Fee Schedule for more details. The bottom line is that Single Listed Index Options (VIX etc) will have a special pricing of around 0.50-0.55 per contract all in. Service highlights: Model portfolio: $10,000 Underlying: VIX options Average holding period: 3-5 weeks Tailored for short to medium term traders Profit targets: 30-40% per year 2-3 trades per month, plus adjustments Less than ~1%/month commission impact (unless trading with Tradier) Fully scalable June 30, 2024 update Scott Batchelar (who was the original strategy manager of SteadyVol and introduced the strategy to our members in November 2022) has left our company to pursue other opportunities. Mr. Batchelar is no longer managing any of our services. He is not involved in any of our activities in any capacity. We are not associated in any way with any of Mr. Batchelar's businesses and cannot comment, advise or endorse any of them. The strategy has new managers as of June 30, 2024. To avoid confusion, SteadyVol has been renamed to SteadyVIX. For the record, the original strategy description has been written by Scott Batchelar.

Member of the month award for October goes to @tooriginal for his continuous contribution of trading ideas and analysis.

Member of the month award for September goes to @Doug1015 for his SPY 2 week trading idea.

@stanc Please make sure to read the Welcome to SteadyOptions post and Frequently Asked Questions This is absolutely critical! All trades that are posted under SteadyOptions Trades are considered official trades and are tracked on the performance page and yearly summaries.

Member of the month award for August goes to @PhilT for his forum contribution and trading ideas.

Losses are part and parcel of the game. I know that they may feel like a little knife in the ribs at times, but rest assured, that in this case, it wasn't cos you did anything wrong.(I'm sure in the future, at some point you will screw up a trade just like the rest of us!). Just think of it as a tax you need to pay on the winning trades which can, and will, come later on. I think this is where position sizing is paramount - the failure of one trade shouldn't make a big dent on our equity curve, and like likewise, the success of any other trade shouldn't have us ordering a lambo. In fact, I hate to say it. but really, for me trading works best when I make it almost mechanical and non-emotional. (That reminds me of one of my previous relationships, but that's another story.) Happy trading. @zxcv64

That's great, thank you @Bull3t007 And here are the details of our deal with Tradier if anyone is still not aware - https://steadyoptions.com/forums/forum/topic/3318-tradier-brokerage-special-offer/

Member of the month award for July goes to @FrankTheTank for his continues stream of new trading ideas

They pre announced earnings, this is the whole point.. if someone traded those options just before earnings, this somehow would make sense. But a million dollar trade 3 weeks before earnings and just before the pre announcement? Too big of coincidence..

Everything is possible, but it's hard to believe that someone would spend over a million dollar for a OTM puts. And the volume was 10 times higher than other strikes.

MMs always hedge, so if they sell the puts they would probably buy the shares to hedge.

Thanks for sharing @zxcv64 it happens all the time, and SEC does nothing about it. It's pretty obvious that this is illegal, and pretty easy to find out who did those transactions.

IB

I woke up on Friday with no internet connection - turned out to be a massive Canada wide outage that affected millions of Canadians. A complete network failure - no Wi-Fi, mobile network or phones. Which means that I could not close the QQQ combo position on Friday. If I was assigned the short options, it would be not that bad - I would be short 200 shares of QQQ and long 4 calls. In terms of delta, it would be not too directional, and I would just close the shares and the calls at the same time. However, IB algorithm is different from other brokers. This is how it works: "Just prior to expiration IB will simulate the effect of exercise or assignment for each expiring position to determine whether the account, post-expiration, is projected to be margin compliant. IB may liquidate positions in the account to resolve the projected margin deficiency for Accounts which do not have sufficient equity on hand prior to exercise." This is exactly what happened. Around 15:30, the algorithm determined that assignment of the short calls with cause margin deficiency, and according to their policy, they liquidate most of the short calls (just enough to prevent margin deficiency). The rest of the short calls were assigned, so I was left short QQQ shares and long significant amount of calls. According to Murphy's laws, the markets gapped down today, and I was forced to close the calls for a significant loss. This is why position sizing is so important. No matter how safe and low risk the trade looks, unexpected can always happen. If you keep your position sizing under control, you can still recover.

Your example applies to posts inside the topic - as I mentioned, topics can be sorted by not posts. This is how it works in most forums and the forum software doesn't allow users to change it. It can be changed to be sorted from new to old for all members, but most members didn't want it this way when it was discussed a while ago (search function might help to find the discussion). When a new post is posted, clicking on "Go to This Post" will take you directly to that last post.Go to this post The "View New Content" functionality is mentioned in How To Use The Forum which is part of "Must Read Topics" - I encourage members to review all topics in this list. They are called "Must read" for a reason.

This was discussed many times. The sort option is not configurable by members, and most forums sort the posts from the oldest to newest, with no option to configure by users. btw, this applies only to posts inside the topics, the topics can be sorted.

Member of the month award for June goes to @project for his excellent Implied Volatility posts.

Never had any issues or complains. In fact, I just checked the speed: https://pagespeed.web.dev/report?url=https%3A%2F%2Fsteadyoptions.com%2F&form_factor=desktop

Member of the month award for May goes to @tooriginal for his continuous contribution of trading ideas and valuable commentary.

Steady Futures strategy has been discontinued. Here are the monthly returns of the strategy: The strategy was managed by Rich Appert.

Member of the month award for April goes to @ParadigmAU for his continuous contribution of trading ideas.

@Optrader In hindsight, buying FB calls turned out much better than buying bull put spread. But I'm not sure this is a good example. FB had one of the biggest post earnings moves in the recent years: Those returns fall under the lottery ticket definition. More often the calls would be losers even if the stock moves in the right direction. Gain, it's about probabilities. Call = many losers (small and big), few big winners. Bull put spread = many small(er) winners, few big losers. Bull put spread can make money even if you are wrong on direction (but not terribly wrong). If you have a strong conviction, go with a call, but make sure you are ready for a 100% loss, which will happen many times.

Remember: it's all about risk/reward. Long call has higher risk higher reward. Bull put spread - lower risk, lower reward. If you structure the put spread with both puts OTM, the stock can move slightly down and you can still make money - as long as it doesn't penetrate the short put.

Member of the month award for March goes to @deepvalue4ever for his continuous contribution of trading ideas.