Earnings Season Is Gold To Some Option Traders
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First of all, I'd just like to say hi to all the option traders out there, and then I would like to tell you about some of the exciting things that are going on with the San Jose Options Mentoring Program. Where do I start? Well, let's begin with this week. This has been a very exciting week for me. San Jose Options just launched the Options Toolkit which can back-test over 4,000 optionable stocks with just a single click of the mouse.
I am very excited about the new software, and to give you an idea of the power of this monster, listen to this. What used to take weeks of research using other options back-trading software, now can be done in the Options Toolkit in just 1.2 seconds!
The Options Toolkit is power. How would you like to know if your Iron Condor strategy is really the best it can be? Wouldn't you like to test a few of your ideas? Just imagine how valuable it would be to compare all of your condor ideas and adjustments in just a few minutes. Refining strategies to perfection has never been easier.
My Personal Trading Results for Week 1
I just started using the Options Toolkit, and I made over 30% the first week. I traded 4 different stocks. On 2 of them I made 16% and 17% and the other two trades canceled each other out. I used the software to find the trades, back-test them and give me the data I needed to make these trades with confidence.
I think the options market has really needed a tool like this for quite some time now. The Options Toolkit is what every options trader needs to refine his strategies to perfection. It's definitely the best thing on the market to gather data on trades and to find upcoming trades with higher probability.
Let me give you a quick example of what the Options Toolkit does for me. I type in the symbol AAPL, set my parameters, click GO and wallah! I quickly see that AAPL has averaged over 20% during earnings over the last few years. Hmm, this looks like an interesting trade. I think I'll bookmark it. Now, let's see what would happen if I did the same strategy on PCLN...well, just the opposite. PCLN averaged a loss of 25% on this same strategy over the last few years during earnings announcements. However, this is great news. This means that PCLN can average 25% over earnings if I just reverse this strategy...not a bad idea.
Well, that's about all I have time for at the moment. I just wanted to get the word out about this new tool by San Jose Options. It's been a big project, and but it's worth the wait. I'm loving the new Options Toolkit, and I'll be using it in my studies and trading from now on. It will be developing as time goes by, but in this first release, the earnings tester is awesome and it's helping me make some money which is the bottom line.
Article Source: Articlelogy.com
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