Call Option Trading Secrets » Stock Trading

Options Trading Lesson: The Butterfly

admin — Mon, 18 Jan 2010 05:42:31 +0000

I am sure many of you have heard of a sophisticated sounding strategy called the Butterfly. For some reason, it seems to be the darling strategy of many of those ‘teach-you in five hours’ type option companies. They publicize the ‘mystical magical Butterfly’ and the ’sophisticated Condor’ as if they were going to unlock the options version of Pandora’s box. I guess they feel that, by introducing you to the catchy named strategies, they will grab your attention and thereby give them a chance to promote themselves. From a marketing standpoint, that is not a bad idea.
However, the Butterfly is a ’sophisticated’ only for those that do not know options! If you have done your homework and have learned the option basics properly, then the Butterfly is a simple strategy that is just a combination of an already familiar, basic strategy. Let’s take a closer look and uncover the secrets of the mysterious Butterfly!
Butterfly Construction
The first thing you must understand about the Butterfly is that it is constructed by using either all calls or all puts. The Butterfly is never a combination of the two. (We will talk about an exception called the Iron Butterfly later.)
Whether you choose to use calls or puts, butterflies are always constructed in a ‘1-2-1′ arrangement. For the long Butterfly, you would buy one low strike, sell two medium strikes and buy one high strike with the strike prices equally spaced. The center strike typically matches the current price of the stock.
For example, if the stock is 55 and you decide to create a long Butterfly by using calls, you could buy a 50 call, sell two 55 calls, and buy one 60 call. If you decided to use puts, you could buy a 50 put, sell two 55 puts, and buy one 60 put. The long Butterfly is always long the outer strikes and short the center strike.
You would construct the short Butterfly in the opposite way. The short Butterfly will always be short the outer strikes and long the center strike. For example, to create a short Butterfly, you could sell a 50 call, buy two 55 calls, and sell one 60 call. The short Butterfly trader is simply taking the opposite side of the trade with the long Butterfly trader.
This is not a complicated construction. The trick is to understand that while there are three strikes to a Butterfly, there are four options involved. I know the construction will be hard to associate with long or short in the beginning, so here is a little trick or two to help you remember how to differentiate a long Butterfly from a short Butterfly.
When I think of whether a Butterfly is long or short, I always look at that first strike. If that first strike is long, then it is a long Butterfly. It is as simple as that. Some people find it easier to just focus on the center strike where you have the two-option position. If you are short the center strike, then you are long the Butterfly.
The opposite would be true for short butterflies. These are just a couple of ways that you can determine whether a Butterfly is long or short until you become so familiar that you automatically know which Butterfly is which. Until you get to that point, you will want to use little tricks to remember which one is which. Use whichever is most comfortable but I suggest you focus on only one ‘trick’ and use only it until you become so familiar with butterflies you don’t need it any longer to recognize which one you have. Make your choice and stick with it!
The following chart shows the long and short Butterfly construction:
Notice that the strike prices are equally spaced. This is a necessary aspect of all butterflies. However, while the strikes must be equally spaced, they do not need to be spaced by five dollars as in this example.
We could have spaced them by ten dollars and created a different long Butterfly by purchasing the 45 call, selling two 55 calls, and buying one 65 call. You just have to understand that the strikes must be set up in an equidistant manner and they must be either all calls or all puts in the proper 1-2-1 ratio.
From a terminology standpoint, we call this the 50/55/60 Butterfly or, more simply, the 55 Butterfly taking the lead from the Butterfly’s middle strike.
We add to that term whatever month you are dealing with. If we are referring to the June expiration cycle, it would be called the June 55 Butterfly. If we were in April, it would be called the April 55 Butterfly.

Lessons in Options Trading Strategies – The Lean

admin — Thu, 14 Jan 2010 17:26:01 +0000

Professional traders use the term lean to refer to one’s perception about the directional strength of the stock. When you own a stock and intend to hold it for a period of time, you are aware that you will probably be holding it while it goes up and while it goes down.
This means that at any given moment in time, you might have a different opinion of the potential movement of that stock. Knowing this, there is a way to address your present level of confidence or ‘lean.’ You do this by your choice of which option you sell.
While it is true that the at-the-money option has the most amount of extrinsic value, it might not always be the ideal option to sell in every situation.
For instance, if you feel that the stock itself has a very high chance of producing capital appreciation above the potential amount of premium you could receive from selling an at-the-money call, then sell an out-of-the-money-call so you can allow yourself a little more room to the upside on the stock.
For example, let’s say the stock is trading at $27.00. Normally, you would sell the 27.5 calls at say $1.00. If the stock were to rise quickly and eclipse the $28.50 mark, then with the buy-write strategy, your position would have maxed out at $28.50, and you would have a $1.50 one month gain. Not bad, but if the stock went to $29.50 then you would have missed out on
another $1.00 profit. However, if we had sold the 30 calls for $.30 then we would have another outcome. You bought the stock at $27.00 and sold the 30 calls for $.30 and the stock goes to $29.50.
You would have made $2.50 in capital appreciation and $.30 in option premium for a total of a $2.80 return.
So, if you feel the stock has a real good shot at taking a run up, you can lean your position long by selling an out-of-the-money call.
If you have a more neutral view on your stock you would sell an at-the-money-call in order to receive a bigger premium which allows for greater downside protection if the stock trades down and higher potential profit if the stock becomes stagnant.
This strategy also works on the downside. If, by chance, you feel that the stock may trade down a bit during the life of the option, then you can sell an in-the-money-call. The effect of this would be to provide you with a little extra premium to cover more downside risk.
Remember when you sell an option you seek to capture extrinsic value. An in-the-money option not only has extrinsic value but also some intrinsic value.
When you feel that you want to lean your covered call strategy (buy-write) a little short, choose to sell an in-the-money call so you can also have some intrinsic value to cover your downside.
As an example, say your stock is trading at $29.00 and you feel that your stock may trade down a little but still remain in an uptrend cycle. You don’t want to get rid of the stock but you also don’t want to lose any money so you sell the 27.5 call at $2.00.
The stock starts to trade down and finishes at $26.00. If you had owned the stock naked, then you would have lost three dollars since you owned the stock at $29.00 and it closed at $26.00 on expiration.
However, because you sold the 27.5 calls at $2.00, you would only realize a $1.00 loss in the stock. The premium received will offset the loss due to the fact that you identified and adjusted for a likely move.
As you can see, the buy-write strategy can be altered to fit any directional view you have on your selected stock.
Finally, if you intend to use the buy-write strategy
successfully, you generally need to sell the calls against your stock on a consistent, recurring interval, over a period of time.
This means that you will have to be prepared to ‘roll’ your calls out to the next month come expiration. Sometimes, all you’ll need to do is to sell the next month out call.

Wizetrade for Options Navigation Tools to Increase Trading Efficiency

admin — Wed, 13 Jan 2010 05:28:13 +0000

GlobalTec announced today the release of the Wizetrade for Options software, a cutting edge options trading tool that combines access to a wealth of information with the latest navigation capabilities traders need to make efficient, effective trading decisions.

In conjunction with the release of Wizetrade for Options, GlobalTec also released an upgraded version of Option Hunter software, its premier scanning tool for options traders. Option Hunter searches thousands of stocks, and tens of thousands of options in seconds, returning only those stock and option candidates that meet the user’s trade style and parameters. These candidates are then plugged into Wizetrade for Options for further chart evaluation.

Based on a patent-pending proprietary algorithm, Wizetrade for Options charts the real-time buying and selling pressures through green and red lines in five time frames that are fully customizable to individual trade styles.

“The key to trading successfully is being consistent, finding something that works, and then repeating the process over and over again,” said John Larsen, product president of Wizetrade for Options. “These two pieces of software help you do that by combining state-of-the-art functionality with an easy to navigate interface that is fully customizable to any individual trade style and risk tolerance.

Using Wizetrade for Options, any options trader can:

1) Track up to 15 stocks at any given time: Build custom baskets of Exchange-Traded Funds, cash indexes or large Cap, mid cap and small cap stocks that can easily be loaded to the Overview Screen with a click of the mouse. The number of baskets is unlimited.

2) Easily filter and sort options chains: In seconds, Wizetrade for Options can help determine which option or combination of options best fit the end-user’s trade style and custom parameters.

3) Manage trades efficiently: The end-user will see at a glance open positions, pending orders, completed transactions and account equity all from within the Trade Manager. Enter equity, options, equities with options, spreads and straddles and strangles with a few mouse clicks.

4) Calculate Risk with ease: Determining entry calculations, stop losses, profit targets, risk to reward ratios and account allocation has been simplified—Wizetrade for Options calculates the numbers for the end-user.

5) Instantly find news: A Calendar feature not only shows what stocks have earnings announcements, stock splits or conference calls coming up, it also allows you to type in any symbol and immediately see vital company information that could impact trades.

6) Trade Journaling: End-user will be able to document each trade with one click, enabling a trader to instantly capture the real-time data and all five charts, underlying market conditions and option chain specifics to store for future reference.

7) Trade live through an integrated broker: Wizetrade for Options is fully integrated with optionsXpress (NASDAQ: OXPS), a leading online brokerage—meaning it is not necessary to leave the software to submit orders. Easily switch from paper trade (practice mode) to live mode with the click of a mouse.

Wizetrade for Options is the latest addition to a full line of cutting edge trend recognition software produced by Dallas-based GlobalTec, a nationally recognized investor training organization and provider of software, trading tools and training for individual investors. This product suite includes Wizetrade, 4X Made Easy, Commodity Explorer and CommandTRADE.

Option Hunter software includes customizable alerts that trigger when trade parameters have been met, a Scan Builder Wizard for constructing custom scans and the capability to customize scan results.

Stock Trading for Bold Brave Investors

admin — Tue, 12 Jan 2010 17:34:53 +0000

Stock trading is one of the last true meritocracies. All that matters for your investment success are your own decisions. Stock trading is a precision-based activity and one tiny mistake in judgment could send you plummeting right to the bottom and result in a huge loss.
Likewise, the opposite could happen. You may make a great buying decision that will put you on the path to riches. Traditional stock trading is done at stock exchanges, which are places where buyers and sellers meet and decide on a price, although electronic trading is gaining in popularity. Stock trading is affected by how well the economy is doing and by basic supply and demand considerations.
Stock Trading is a get rich slow process. Money can be made, but it takes time. Stock trading is something that interests many people because it offers them a chance to make money without breaking into a sweat. In addition, it has a lot of excitement attached to it especially when using short term strategies that help pit traders against the stock market.
Stock Trading is trading stocks and shares of different types of companies and organization at the stock exchange. In every country, there is a stock exchange where various companies get their shares listed, when they arrange to raise required funds by means of issuing shares.
Stock trading is a very competitive field and in order to succeed you need to FOCUS on a set of simple strategies that you can implement without hesitation. The real “secret” of the stock market game is enclosed within the trading set ups and market signals you rely on to decide when to buy or when to sell shares. Stock trading is a business (because it is done for making money).
So as in a business, in stock trading, one needs to complete solid planning before making any buy/sell/trade. Stock trading is viewed by some people as a very complicated matter. This is regarded by many as an arena better reserved for those who have extensive exposure and experience in stock trading.
Stock trading is a game in which you cannot afford to be average. Thousands of new and inexperienced traders are being charged hundreds, even thousands of dollars by scam artists and self proclaimed experts for dubious stock picking services and mechanical buy and sell signal generators.
Stock trading is a relatively simple activity compared with other professions, particularly with the tools available in today’s Internet world. It is certainly within your abilities, and as you educate yourself on and build your skills, you’ll find that your fears subside as your confidence grows.
Researching a stock and then buying online it is one part of the story. The other part being how to plan a trade with an exit strategy? You must research the risks attached to online trading to make sure you are prepared for the worst. Be determined and goal orientated.
Exchange traded funds are good to use for trading and investing. By keeping trading simple, there is less stress and more opportunity to profit. Exchange Traded Funds, also known as ETFs, are index funds traded on the major stock exchanges just like stocks. An index fund involves a collection of securities, much like mutual funds, except that ETFs differ from mutual funds in some distinctive ways.
Options are bets about the future price movement of exchange traded securities. The prospect of unusually high returns always signals unusually high risk so be careful about trading options. Timing is everything.
Options are a great way to both earn and lose a lot of money. If you’re interested in involving yourself in the more unpredictable, risky, and spontaneous part of the stock market then trading options is something you should investigate. Option strategy is about selection of the best stock opportunities and following your signals. Here, you can achieve success if you are acquainted with the correct option trading strategy .
There are online resources available that will provide you with free simulated stock and option trading. You will easily find enough information to start your trading venture. You can practice trading stocks, options, spreads, futures, short sells, and so forth. Just run a search for “demo stock trading accounts” and you will find a good list to research.
Stock and option trading is a big game in many ways. But as it is a game involving the exchange of money if you play you need to take the game seriously.

Stock And Option Millionaire Psyche

admin — Tue, 12 Jan 2010 05:49:30 +0000

If you are like most of us, we have all lost our fair share of money in the stock markets using strategies written by so-called gurus and experts costing thousands of dollars.
Have you ever wondered, how does these stock and options trading experts develop these strategies, prove its worthiness all over the internet and in books, made money with them, but when you use these stock or option trading strategies, its magic fades away and you started losing money…
Going deep into the core of the problem revealed that there was nothing wrong with these stock or option trading strategies! I say again, nothing wrong with these strategies! What was wrong was that I found it difficult or if not impossible for many amateur traders to do many things EXACTLY the way these stock or option trading strategies demanded it! Have you ever held on longer then the stop loss policy allows? Have you ever let profits run when you are supposed to take profit? Haven’t these situations resulted in the loss of thousands of dollars and most importantly, a loss of trading confidence?
Why does that happen? Well, the Holy Grail of trading systems and trading strategies is in fact a complete system completed by the investor himself! The psyche of the investor makes or breaks the trading system! Your character determines what kind of trading strategy works for you! With a strategy that compliments your character, you can truly find your personal Holy Grail of stock and option trading strategies and be on your way to becoming the next stock market millionaire!
MASTER YOURSELF FIRST, THEN MASTER THE MARKET!
There are 3 dominant trading characters which you belong to. Short term aggressive trader, mixed class trader and long term stability trader. By using the respective trading strategy for your character class, you will be able to attain better trading profits with much much less effort than before.
I have developed a free online trader’s psychometric test to help you find out your dominant trading character. Please take the test now at http://psychometric.mastersoequity.com

The Collar Strategy for Effective Options Trading

admin — Mon, 11 Jan 2010 17:30:18 +0000

Another protective strategy that allows for some upside capital gain while providing maximum down side protection is the collar.
The collar is a combination of the covered call and protective put strategies. The collar uses a long put position in coordination with a short call position along with a long stock position. The ratio is one short call, one long put (not of the same strike) and 100 shares of stock.
As you remember, one contract is equal to 100 shares. The options that we will use to construct this strategy will be out-of-the-money puts and calls.
The object here is to construct a protective put strategy without having to pay for the purchase of the put. We talked about premium in the covered call strategy and how we are better off collecting premiums over a period of time, not paying them out. By selling the call, we collect premium which can be used to offset the capital outlay we incurred for the put purchase.
We said that two of three scenarios in the covered call strategy were positive while the protective put scenario had only one scenario that produced a positive outcome. However, the protective put was the strategy that provided the most downside protection. The challenge was to construct a protective put strategy without paying out money. The solution is the collar strategy.
The collar takes on the characteristics of both the protective put and covered call strategies. Like the covered call, there is an upside cap on profits and like the protective put there is unlimited downside protection.
Ideally, the collar is set up to be an ‘even’ trade meaning you neither receive nor pay out any money. Realistically, depending on the options used, you may have to pay out a small premium or even receive a small premium but the goal of the collar in terms of premium is to be neutral.
As mentioned previously, to construct a collar, just buy one out-of-the-money put and sell one out-of-the-money call per every 100 shares of stock owned.
Obviously, the put and the call must be of differing strikes (it is impossible for a put and a call of identical strike price to both to be out-of-the-money or both to be in-the-money).
For example, with a stock priced at $28.50 a collar may be constructed by the purchase of the December 27.5 puts and the sale of the December 30 calls. Hopefully, the price of the call and put are close enough so that the funds generated by the sale of the call are enough to offset the cost of the put purchase.

Introducing The Amazing Stock Repair Strategy

admin — Mon, 11 Jan 2010 05:28:06 +0000

Introducing the Amazing Stock Repair Strategy. This strategy involves buying one at-the-money call option while simultaneously selling two out-of-the-money call options on the same stock, in the same month.
The construction of this trade is critical. First, you must make sure to purchase exactly the equivalent amount of at-the-money call options as shares of stock you own. Remember, each option contract is worth 100 shares. So if you own 500 shares, then you would purchase 5 at-the-money calls. If you owned 3000 shares then you would purchase 30 at-the-money calls.
Now that you have purchased the correct and exact amount of at-the-money calls, you then must sell exactly twice the amount of out-of-the-money calls. Again, it is imperative that you sell exactly two times the amount of out-of-the-money calls as the amount of at-the-money calls you own.
Looking at the case in which you owned 500 shares and bought 5 at-the-money calls, you would then have to sell 10 out-of-the-money calls to properly construct the Stock Repair Strategy. Likewise, in the case where you owned 3000 shares and bought 30 at-the-money calls, you would then have to sell 60 out-of-the-money calls for proper Stock Repair Strategy construction.
Here’s why. The 500 shares of stock you have, along with the 5 call options you just bought, will result in an even spread trade. The reason this is important is because without owning the equivalent of 10 calls (or 1000 shares of the underlying stock), then the 10 out of the money calls you sell would be considered ‘naked’ and may require an additional margin requirement.
Selling naked calls is considered risky. However, by owning 1000 shares of stock (or 10 call options) at a lower price, your risk is limited because your sold calls are considered ‘covered.’
The chart below shows some examples of the correct Stock Repair Strategy ratios.
The total dollar value of the options’ trade should be neutral or very close to neutral. In this way, you can establish the position without putting out any more money or at least very little.
In some cases, you can even put on this trade for a credit, whereby you can sell the out of the money calls for more than you paid for the at the money calls. This scenario is ideal, because then you also profit from this part of the trade – also known as a credit spread. (Remember, you will be selling the out of the money calls in a 2:1 ratio to the at the money calls you purchase.)
The out of the money calls will invariably be cheaper than the calls you buy, but the 2:1 ratio makes up for the difference in pricing. The easiest way to explain this is by example. Again, we will go back to our XYZ example. You have purchased 500 shares of XYZ for $40.00. The stock then trades down to $30.00 leaving you with a $5,000 loss.
At this point, at $30.00, you would construct the Stock Repair Strategy. (Option prices are for example purposes only.) You would buy 5 February 30 calls for $1.50 and sell 10 February 35 calls for $.75 each. This strategy is known as a 1 by 2 spread.
Now that the position is in place, you are long 500 shares of XYZ, long 5 February 30 calls and short 10 February 35 calls. Just to clarify, if you were long 1000 shares of stock, then you would also be long 10 February 30 calls, and short 20 February 35 calls. Remember, the ratio of stock, to purchased calls, to sold calls is 1:1:2.

Options Buyer Risk & Reward

admin — Sun, 10 Jan 2010 17:34:58 +0000

Like most trades, time spreads have a maximum loss for the buyer. As a buyer, you can only lose what you have spent. If you paid $1.00 for the spread then your maximum potential loss is that $1.00. If you bought the spread for $2.00, then $2.00 is the maximum potential loss.
The buyer of a time spread will be purchasing the out-month option while selling the nearer month option of the same strike in a one-to-one ratio. Since the out-month option will have more time until expiration than the nearer month option, the out-month option will cost more. This means the buyer will be putting out money (debit spread) which makes sense. The buyer can only lose the amount of money they spent to purchase the spread. Thus the buyer’s maximum risk is the cost of the spread.
The buyer can profit in several ways. First and foremost, being a time spread, the buyer can profit by the passage of time. Options are wasting assets. So as the nearer month option decays away more quickly than the outer-month option, the spread widens (increases in value) and the buyer sees a profit.
Second, implied volatility can increase. As implied volatility increases, the out-month option, which the buyer is long, increases in value more quickly (due to its higher vega) than the nearer month option which the buyer is short. This will force the spread to widen or increase in value, which again is profitable for the buyer.
Third, the buyer can make money due to stock price movement. As stated before, a time spread’s value is at its maximum when the stock price and the spreads strike price are identical (at-the-money). You could have an increase in value if you owned an out-of-the-money or in-the-money time spread, and the stock moved either up or down toward your strike. As the stock moves closer to your strike, the spread will expand and increase in value creating a profit for you, the buyer.
The buyer’s risks are obviously the opposite of the rewards. You can not stop or reverse time so the buyer of the spread can never be hurt by time.
Implied volatility, however, can decrease as easily as it can increase. A decrease in implied volatility will decrease the value of the out-month option (which the buyer is long) faster than it will decrease the value of the nearer month option (which the buyer is short) due to the higher vega of the out-month option. This will narrow the spread thereby creating a loss for the buyer.
In the same way that stock movement in the right direction can be profitable for the buyer of a time spread, stock movement in the wrong direction can be costly. As the stock moves away from the spread’s strike, the spread decreases in value. That will create a loss for the buyer of the spread.

Time Decay Strategies for Options Trading

admin — Fri, 08 Jan 2010 17:52:30 +0000

Time decay, also known as theta, is defined as the rate by which an options value erodes into expiration. The value of the option over parity to the stock is called extrinsic value.

Since an option is a depreciating asset, meaning it has a limited life, the extrinsic value in the option will wither away daily until expiration. This decay is not a linear function meaning it is not equally distributed between all of the days to expiration.

As the option gets closer to expiration, the daily rate of decay increases and continues to increase daily until expiration of the option. At expiration, all options in the expiration month, calls and puts, in-the-money and out-of-the-money must be completely devoid of extrinsic value as noted in the time value decay charts below.

As more time goes by, the options extrinsic value decreases. Again, it is important to note that the rate of this decrease is not linear, meaning not smooth and even throughout the life of the option contract. An option contract starts feeling the decay curve increasing when the option has about 45 days to expiration. It increases rapidly again at about 30 days out and really starts losing its value in the last two weeks before expiration.

This is like a boulder rolling down a hill. The further it goes down the hill, the more steam it picks up until the hill ends.

By selling the option and owning the stock, the covered call seller captures the extrinsic value in the option by holding the short call until expiration.

As mentioned earlier, an options loss of extrinsic value over its life is called time decay. In the covered call strategy the options time decay works to the sellers advantage in that the more that time goes by, the more the extrinsic value decreases.

Key Point The covered call strategy provides the investor with another opportunity to gain income from a long stock position. The strategy not only produces gains when the stock trades up, but also provides above average gains in a stagnant period, while offsetting losses when the stock declines in price.

We have now seen how a covered call strategy is constructed and how it is supposed to work. Keep in mind that the trade can be entered into in two ways. You can either sell calls against stock you already own (Covered Call) or you can buy stock and sell calls against them at the same time (Buy Write).

Example 1

You own 1000 shares of Oracle at $9.50.

The stock has been stuck around this level for a long time now and you have grown impatient. You finally give in and sell the front month (November for example) at-the-money calls. The at-the-money calls would have a strike price of $10 if the stock was trading at $9.50.

You sell the calls at a $.50 premium per contract which creates a $10.50 breakeven point. Remember, in a buy-write, the breakeven point is the strike price plus the option premium. Lets look at what our returns will be in each of the three scenarios.

Stock and Option Trading System Review

admin — Sat, 02 Jan 2010 06:04:56 +0000

Are you thinking about becoming involved with trading the stock or options markets? Are you in need of a reliable and easy course to help guide you in your trading decisions? If you answered yes to the preceding two questions, then keep reading in order to learn more.

Picture yourself as having only 15 minutes a day to do your stock trading. How would you manage to do the research necessary and analyze the various stocks or options you were considering trading? This was the situation that Dr. Stephen Cooper found himself in several years ago when he used to worked 12 hour days as a chiropractor who was also interested in investing in the stock market. He needed to develop a system that would allow him accomplish his goals, and he found a way that helped him to invest in the market while only spending 15 minutes a day.

Today, several years later, Dr. Cooper has developed a system that is designed to help anyone, young or old, experienced or inexperienced, to become a successful market investor. He proudly boasts that: “You don’t need to be a seasoned stock investor to make money with online investing, and you don’t have to have a lot of money to start.” And yet, the trading system he teaches can help you make serious money in the stock market.

The biggest advantage of the system he offers to teach is an uncomplicated online investing system that can be completed in only 15 minutes a day. You can learn this amazing, easy-to-follow investing system without a lot of trouble or bother. His system lets you create wealth quickly, and does not require that you undertake a large amount of trades or do day trading.

With Dr. Cooper’s Stock and Option Trading System, you are literally in control of your own destiny without being left to figure things out for yourself. One of the bonuses that prospective students receive are the personal trade recommendation from Dr. Cooper himself. There are direct email alerts along with Watch List changes that are updated on a regular basis. You have access to a members trading area where you can pick the trading brains of your peers.

Another huge plus to this system is that it is run online. You can spend as much or as little time as you wish taking advantage of the trading education available to you. Using the online technology, you can take stock of your investments, review your trading activity, and initiate trades 24-hours-a-day, not just during daylight hours. With this system you are not limited by where you live. You can take advantage of impending movements in the markets worldwide.

To learn more about this trading system, you can read a further opinion at Review of the Stock and Option Trading System.