SteadyOptions

Excellent Options newsletter, good strategy, good education

This is a great place to start trading options. Good trades, transparency and documented reasons for every trade.

Showscots

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Great Options Service - educational, profitabel, transparent

I have been following SteadyOptions for a while and I have been impressed not only by the performance, but also by the educational value of the service.

Kim is a very professional and capable trader who offers education on options trading on top of a very profitable trading strategy. It does take a while to fully understand the concept, but if you manage to follow Kim's alerts, it is not too hard to be profitable quickly. He does stress, however, that the goal is to learn the concept in order to trade independently. The strategy is definitely in an interesting niche that is a great alternative to other directional or spread-trading strategies of other newsletters.

The only element that is hard to follow and fully understand (at least for me) are the index trades that complement the non-directional stock option trades. Kim does a lot of adjustments and the trades get confusing sometimes. I do follow these trades to undrstand the logic and math behind them with paper money, which is what I would advise beginners to do as well.

Last but not least, SO has a great community of traders that proacitvely share advice and insights.

Uli808

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Great option newsletter

I think it's a great options news letter where you can make money with the profitable trading strategies. Importantly, you also get to learn a lot about options trading due to the active participation in the forums by the creator of the news letter and other members. In short, It's a great value for the money.

Rjmath

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Excellent value

I have been a member of SteadyOptions for almost a year. I can fully confirm what other reviewers wrote. I think that few things make this service so valuable:

1. The community. Basically, you feel that you are never alone. You can also ask questions, no question is too stupid, and questions are usually answered by Kim or one of the other senior members within minutes.

2. The transparency. All trades are posted on the performance page, and all trade alerts include screenshots with real broker fills.

3. The education. You not just follow the trades, Kim makes sure that you understand the rationale behind the trades. There are also posts from Mark Wolfinger which have great educational value.

4. Last but not least - the performance. Even considering the commissions and slippage, I'm able to generate around 4-6% per month on average.

Bottom line: highly recommended.

IncomeTrader1

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A Great Service for Non-Directional Options Traders

I've been a Steady Options member from near the start, and a follower of the owner, Kim Klaiman's writing on SeekingAlpha before then.

It has historically focused mainly on short term earnings trades, but has recently branched out to other non-directional trades.

There are a couple of things that make Kim and his service stand out from the rest:

1. Great Performance

You can't argue with 150% returns in 2012. All real and documented trades.

2. Active community

Lots of knowledgeable members posting regular updates on trades (including an option daily alert from Kim)

3. Analytical

There's a rigour to the direction of potential trades, and their results, often lacking in other sites.

4. Good writing

I think I appreciate this one the most. The site covers some pretty demanding material but Kim has a real skill in being able to explain complex points clearly.

Anyway, don't take my word for it. If you want regular trade alerts on trades that work, and learn in the process, join (us).

Chris Young

Editor, Epsilon Options

Epsilonoptions

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Just Amazing

For starters, I highly recommend this site. SteadyOptions is top flight and superb. No matter if you have just started learning about options, or if you are an experienced options expert you will find Steadyoptions to exceed your expectations. (Anybody who says otherwise just straight baffles me). Anybody can tell you do "do this" or "do that" and then leave you to give it a go. That is not the case with SteadyOptions. The site is a tremendous educational resource.

I have to agree with the other reviews that were previously posted. You really are able to look over the shoulder of an options expert. But what I found to be even more impressive is that the owner of the forum responds so quickly when you are stuck with a concept. I am certain, especially when I started, that I had more than my fair share of questions. Yet, Kim patiently answered all of my questions and made certain that I knew the foundations of the concepts.

There are no pie in the sky promises and no gimmicks with steadyoptions. Instead the education is sound, reasoned and rationale. I am one who is rarely impressed. Yet, with steadyoptions I am not only impressed, but I am impressed by steadyoptions weekly if not daily.

Msuick

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Self Promoted Liar

Kim Klaiman, the publlisher, has booking alpha as well. Fails at one so he starts another ripping off people.

Denniswinthrop

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Non-Directional Trading at its Best

Being a software engineer and an options trader, I am naturally intrigued by the kinds of trades in which Kim Klaiman routinely engages. There is something very scientific and mathematical about his approach that pleases my engineering sensibilities. Unlike most traders, who are constantly (and usually futilely) attempting to predict the direction of the market, Mr. Klaiman has perfected a technique by concentrating on non-directional trades that reduces most market directional risk . Mathematically exploiting a statistical oddity that occurs over and over again during the time approximately a week before a company's earnings announcement, Mr. Klaiman consistently earns profit upon profit. Those lucky enough to be members of his site, SteadyOptions.com, (I say "lucky" because he regularly limits the number of new memberships) are privy to his thoughts and experiences. Members are with him from his earliest consideration of a trade, to its execution, and finally to its ultimate closing. Each of his trades are fully documented and immediately available for members to duplicate themselves. And better yet, each member knows why he or she is making that trade; nothing is hidden about the reasons for that trade.

One of the things that distinguishes Mr. Klaiman's service from others is that each of his trades are real, filled orders--not hypothetical orders. Thus his successful trading becomes your successful trading since there is no reason you can't match his trades. And, at the same time, you are learning to become a better trader since full discussions, sometimes to the most minute detail, occur regularly in separate topics areas for each trade. Members may ask questions at any time, from the most basic newbie-type question (e.g., How do I roll a position to the next strike?) to extremely advanced areas (e.g., How does the ratio of risk factors vega and theta affect entry into a particular trade?). Indeed, many of the members of SteadyOptions.com admit that the small monthly membership fee is more than worth it simply for the education they are receiving--apart from the profitable trades of which they partake from the service.

These earnings-related trades are a big area of his service, but by no means the only area. Mr. Klaiman continually stresses the importance of an overall balanced portfolio taking into account many of the quantifiable risk factors (i.e., the Greeks). Since earnings trades profit from increasing implied volatility, Mr. Klaiman balances these trades with broad-market trades that have risks in the opposite direction. Doing so goes with his over-riding approach of small, steady, predictable profits in contrast to the "lottery ticket" approach of many options traders. And his performance demonstrates this. As of 10/13/2012 (the time I am writing this), his ROI for 2012 is 133%. For details, go to his web site.

A prolific writer of his craft, Mr. Klaiman has written many articles spelling out his trading approach. These articles were my initial introduction to Mr. Klaiman and his trading style. Many of his articles are found here at the Seeking Alpha site: http://seekingalpha.com/author/steadyoptions/articles .

Those serious about improving their trading and increasing their profits in a steady way really do owe it to themselves to become familiar with Kim Klaiman's important work.

RobertB

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Shh! Don't let the secret out!

I went to one of those seminars, you know the one they charge $50 for and give you only enough information to make you want to buy their seminar for $5,000. I came away from that seminar with a desire to learn more about Options! I learned that you need an education and not only do you need an education but, you need to look over the shoulder of someone successful! That is what SteadyOptions is all about! Yes, you need the education! But, SteadyOptions will guide you in the right direction! Then once you've mastered the concept, you can look over the shoulder of Kim Klaiman and trade right along with him. Kim is very active in the forum and will take the time to answer your questions. I have tried other Option newsletters that give you 1-5 trades a month, but really no support. With SteadyOptions not only do you have Kim, but a whole community of people who are in the same or similar trades. Got an idea, post it! You can talk to others in the community! I would highly recommend SteadyOptions to anyone interested in options trading. You get far more value than the cost! Don't pay $5,000 for a expensive seminar, leave that in your trading account and join SteadyOptions!

Xpresstalk

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In It's Own Class

I have been a member of most every trading site (including futures, stock, options, etc) out there over the last 8 years plus and have been trading for quite a long time. So I am no rookie in determining what is a great, good, bad, horrible service based on credibility, transparency, quality, services, cost and performance.

SteadyOptions is great based on all of these marks.

I have been a member of SO for a few months and truly enjoy the site and its approach. First of all Kim (owner) is "in the trenches" and practices what he preaches. He is incredibly knowledgeable about the Greeks and how to assess a trade from the volatility standpoint which I find very interesting. His earnings strategy is in my book the best way to play earnings with options. This strategy alone is worth the entire subscription because it is something a bit different than everything else out there. It is a strategy that has been tested and perfected by Kim and is a nice addition to my normal trading. One of the biggest benefits I appreciate is the information and knowledge he shares and although I have traded options for many years I've learned a lot from his articles and commentary in a short period of time.

A good site provides good trades. A great site provides good trades plus educational and interactive ways to learn how (and why) to trade strategies successfully. It's the whole "teach a man to fish" thing. This is what SO does.

Most sites out there do just enough to pump out a few trades and keep members. The far and few credible sites are basically a portal for an experienced trader to share his trades, knowledge, and support. SO is run by a real trader with proven strategies which I now include in my own trading portfolio.

I definitely recommend this service.

JasonV

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