Winning-Options.com

1. What option strategy do you use in winning options?

Iron condors mainly, but verticals at times.

2. What portfolio size would you recommend?

US$5,000 if you intend to open just 1 iron condor per month, even with an overlap period of about 1 week. During this overlap period, you would have initiated a trade for the following month’s expiry, and yet still holding on to current month’s expiry. However, this amount is sufficient only if the brokerage calculates the margin for 1 spread, not both the call and put spreads. Brokerages that do this include thinkorswim and interactivebrokers.

3. Do you do adjustments to the trades that have gone against you or do you simply close them?

I do adjustments to reduce the losses on a losing spread. I also do adjustments on a winning spreads to take in more credits.

4. Do you run an advisory service and do you autotrade?

No, and no….at least not yet. Since I am not a financial advisor, this entire venture is purely educational. I have a group of option traders who receive my email with details of my trades. From the details, they may choose to paper trade or study the rationale of the trade.

5. Will you open this to subscribers in future, and how much would it cost?

In the future, probably yes, for some extra income. At the moment, I have no idea how much to charge. If anyone’s interested, send me an email with the subject “Notify Me, I’m Interested”. I will put you on a wait-list. Send the email to eric8support@gmail.com