Earnings Season Is Gold to Some Option Traders
Guess what option traders? There's a new options back-tester on the market that you need to know about. San Jose Options has just released the Options Toolkit which can back-test option strategies instantly and gather you organized data, helping you construct new trades with further confidence.
Personally, I'm extremely excited about the Options Toolkit because I have been into back-testing for many years now, so I understand the value here. What used to take me weeks to do, will now take me a matter of minutes with this new options software.
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
The Options Toolkit has just released its earnings tester, and after using it just one week, I have had great results. I made 4 different trades and yielded about 30% net. That is after paying commissions. The software quickly back-tested these stocks for me and gave me the data and confidence I need to make the trades.
I've been waiting for a tool like this for quite some time now. I've spent many hours back-testing my option strategies by hand, and I got burnt out. The Options Toolkit back-tests for me and does a better job than I could possibly do manually. This tool is awesome to say the least.
Here's an example of what I can do with the Options Toolkit. I simply type in AAPL, fill in some parameters, and then I click my mouse. In just a second I can see that AAPL is an excellent candidate for an overnight earnings play. It has averaged over 20% on this strategy for quite a while now. Without this software, it would take me hours to make these calculations. I can now enter another stock and get its data. After using this tool, I'll never go back to manually back-testing my ideas.
Well, I hope you understand what I am saying here. If you don't see the value, then you probably haven't spent much time back-testing. Back-testing is one of the best things an option trader can do. If you want to learn how to trade, then I'd really recommend it for learning adjustments and seeing what you can expect to make or lose on a trade. - 23223
Personally, I'm extremely excited about the Options Toolkit because I have been into back-testing for many years now, so I understand the value here. What used to take me weeks to do, will now take me a matter of minutes with this new options software.
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
The Options Toolkit has just released its earnings tester, and after using it just one week, I have had great results. I made 4 different trades and yielded about 30% net. That is after paying commissions. The software quickly back-tested these stocks for me and gave me the data and confidence I need to make the trades.
I've been waiting for a tool like this for quite some time now. I've spent many hours back-testing my option strategies by hand, and I got burnt out. The Options Toolkit back-tests for me and does a better job than I could possibly do manually. This tool is awesome to say the least.
Here's an example of what I can do with the Options Toolkit. I simply type in AAPL, fill in some parameters, and then I click my mouse. In just a second I can see that AAPL is an excellent candidate for an overnight earnings play. It has averaged over 20% on this strategy for quite a while now. Without this software, it would take me hours to make these calculations. I can now enter another stock and get its data. After using this tool, I'll never go back to manually back-testing my ideas.
Well, I hope you understand what I am saying here. If you don't see the value, then you probably haven't spent much time back-testing. Back-testing is one of the best things an option trader can do. If you want to learn how to trade, then I'd really recommend it for learning adjustments and seeing what you can expect to make or lose on a trade. - 23223
About the Author:
Learn more about the Options Toolkit and the San Jose Options Mentoring Program, please visit www.SJOptions.com and receive your Free 45 Minute Video on Option Trading Greeks. Learn what Maximum Safety, Maximum Reward option trading is all about.
posted by X - Men @ 9:03 AM
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