Weekly Options Explained

What are Weekly Options??

Weekly options are a GIFT from CBOE Chicago Board Options Exchange!  For those skilled in momentum trading, we often get very excited for our short term swing or burst trading methods in order to take advantage of high deltas and cheap options close to options expiration.  Traditionally we would have to wait a month to see this options phenomena happen.  But now thanks to weekly options we can see this every single week!

Check this out from the CBOE: http://www.cboe.com/micro/weeklys/introduction.aspx

“WEEKLYSSM OPTIONS FROM CBOE:

Trade Expiration Week Every Week!

View the Weeklys webinar
brought to you by Jim Bittman
and Dan Sheridan

No one wants to wait. With Weeklys from CBOE, you don’t have to. Weeklys are options that expire at the ends of weeks. This flexibility can provide investors with more targeted trading opportunities and can help investors take advantage of market events, such as earnings, government reports and Fed announcements.

CBOE’s Weeklys options are currently listed on Thursdays and expire the following Friday. New Weeklys are listed each week except that no new Weeklys are listed that would expire during the expiration week for regular options (the third Friday of each month).”

For a list of weeklies (continually changing) go here at the CBOE:  AVAILABLE WEEKLYS

So that’s the pitch from the creators of weekly options.  Your brokers will have another pitch.  And that’s great that weekly options have been brought to our attention.  But… that’s not good enough and a broker and market maker pitch is not the one you need to hear for making money with weekly options!

Market makers want you to lose your money so they can keep it.  Brokers just want you to trade as much as possible. But Options Trading Authority want’s you to Make, Keep and Grow your money.  Of course we collect a small fee, relative to the opportunity for the course and we also want your success story so pin up on our hall of fame.

 








** Results will vary from student to student depending on the correct use of the system and the actual use of the system. Many never use the system. Some never consistently apply the system. Stock and options choice will vary in the results they product. We can not promise you any future success since we are dealing with price markets. Our, your best bet for success is in taking a chance on a system that has performed well consistently over time in the hopes that possibility and probability that the systems performance, in combination with your performance of that system will do well at the present and into the future.... We make no promises or guarantees of future performance whatsoever however good our trading systems & strategies may be at the point in time of performance results. Posted customer feed back was done voluntarily by customer and we did not even ask. We appreciate all feed back from our customers.

Note: typical results or average results will range from lost money for those who break rules and refuse to trade the system correctly to zero for people who don’t take any action to some of the customer examples as you see above and to results customers have not told us about. Bottom line: this is trading: you can’t ‘expect guaranteed results’ because that is a losing mindset in trading and it doesn’t make any sense to good trading. You get a system to increase your chance, your probability, your potential for success. The only way you could ‘guaranteed make money’ like past results is to have a crystal ball – the pursuit of which, searching for a crystal ball is a ever losing adventure. Trade right. Trade smart and maybe you could have great success too!

**** Any student testimonials were submitted by customer by their own inspiration and did not receive any compensation or their testimony, success story, review or feedback. Posted for encouragement. Your results may vary worse or better.Recurring Membership management billing is managed entirely by you in your back office so you can stop, cancel your membership at anytime.RECURRING BILLING FOR MEMBERSHIPS, TRADING SIGNALS TERMS: If you are signing up for a membership that has monthly billing or any other type of billing that is recurring it is your responsibility to cancel your membership from your members back office. You can do so by logging in, going to Payments/ Access menu button, finding your order and then click on stop recurring. We do not handle cancellation request. You will be responsible for canceling your membership before re billing if you want to cancel. We will not cancel for you. We will not go back and refund your order because you forgot to cancel ahead of time. On the other hand, providing you the ability to manage your own membership gives you the control and advantage as a consumer so you don't have to worry and you can cancel at anytime you want.