Subscriber Log-in: Level 2 | Level 3
 
OEX Options Overview Podcast
 

Confessions of an OEX Options Trader

Being Profitable Trading Options

S and P 100 Index Option Trading Strategies

Investing in Blue Chip Stock Options

Why Index Options are Like Fruit

Position Sizing for Effective Money Management

Leading/Lagging Indicators S&P 100 Index Option Trading

Futures Index Day Trading the S & P 100
Calculating Profits and Losses
Pivot Points in Option Trading


Links to Investing Resources
Investor's Calendar
OEX Option Chain
OEX Option Expiration Calendar

 

Honest Unsolicited Testimonials!


Hey Floyd,

My kids are vying for my attention right now so I don't have much time. There is so much I'd like to write to you about.

At this point, all I can say is that I think you are a freakin' genius. Utterly amazing. I cannot believe how someone can predict the market with this kind of accuracy. I realize that you cannot be correct 100% of the time...but I'm telling you right now - I will NEVER doubt you again.

I am studying your manual, watching your videos, and reading your articles. I am only 34 and I know you are older than me. I will have a membership for as long as you are offering your services. However, I want to make sure that on the day you retire, I'm not left with my thumb up my rear not having a clue as to what to do. I am so glad that I signed up for Level 3.

I can't wait to hear what you have to say next.

One happy camper!
~M P

 

Over 1 year subscriber but not a frequent contactor. :)

I do appreciate the insight and the overall strategy and I have been very profitable during my subscription.
I especially appreciate the times like right now where there are no signals, so we wait. I've heard it referenced but not sure to whom, that a wise trader once said that the most money is not made in the
buying or the selling but in the waiting for the right trade.

Keep up the good work.
Thanks.
~L C

Floyd,

Just reading through the alert for tomorrow and I am amazed by your effort. You have got to be exhausted by all of this. Really appreciate your work.

I had another great day, trading and scalping .50 on the OEX. I have now gone eight weeks without a single loss (with the exception of a GS stock trade where I lost a whopping $50 because of a stop that was a bit too tight). Meanwhile, many of the big boys are losing their rear ends. Thanks, Floyd, learning an unbelievable amount and your BCO trades are enhancing my portfolio nicely.

GOOG just makes me sick! If you had invested in the .50 option, say 10 contracts, you would be picking up something on the order of $30,000 at the window tomorrow. Where's the toilet? I am not feeling well.

Take care and get some rest! Sheesh.

~SK - Advanced Mentoring

Floyd..
Now it's already one week since my activation with oexoptions.com started.
What do I got ...?
More emotion-controlled.
More comprehension about market,
and better organized life.

I earn 20 % in this first week.
What a good start for a newbie like me with a lot of limitation here and there, such as I only start with a minimum amount account. , and should think twice to avoid "The Day Trading Pattern".... ,
Also time-difference . + 12 hours here in Indonesia, therefore I often got surprise e-mail... in the morning - local time. . yet . it's my problem. It is me who have to manage and that's the consequence of my choice trading in US market.

In spite of that . Floyd are doing great job for helping me also answering every single e-mail.

I will emphasize my study on Money Management and reading the Dorsey books on PF chart. step- by step... every weekend .

Cause I think , Good software , Holy grail , the best alert service or even $ 1million of account, if we can't manage and understand our risk and rewards, is nothing ..

Thanks Floyd ...
God bless U.

Your far-far away student .......
BK- Indonesia - Level 2

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"Bought the 620 and did a second buy, and held, and made 4.00 per contract! I made money on the call the day before, and I counted up 5 successful trades on the same call in the week prior. I am truly learning how to "love an option", and more importantly, that what I read in the news is not true. Thanks".
~ K. Pierce, Texas

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As a mother of an 11 month old, my trading strategy for each day has to be done early in the morning and late at night, so I can't tell you enough how much I love your timing on these daily worksheets! Thanks so much for the 4 am and nightly postings, and the very timely responses to my emails. I've subscribed to many services only to be promised one thing, and disappointed by the product after paying for it - so thank you for honoring your commitment to your subscribers!
~EW - Level 2

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Oh man, was that a scary day for me. I had two orders in, one to sell half my contracts at 2.50 and the other to sell at 2.80. Obviously, it did not go that high and I was a bit nervous as we approached the last trading hour (novice nervousness). However, I was able to sell half the contracts at 2.30 and the other half at 2.35 with one minute to go at closing. That would be good for a $1700 profit.

So, in my first seven trading days with OEX, I am up $9,800. My wife thinks I'm a genius. So where do I deliver the cookies or homemade cinnamon rolls? You guys are awesome. Thanks so much!
~SK - Level 3

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Since January 07 I have made 71,000 trading your signals, and just lost 21,000 on sale of one call.  That’s a net of 50k in less than two months, on an investment bank of 100k that I put in originally.  I have learned more from your thinking, Floyd, than any other service I’ve EVER used.....it took a few months of paper trading with you, and lots of “lessons”....but the service you have is a bargain.  Thanks.  Plus, I get to laugh everyday at your blunt commentary.”
~JK, Level 2

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FLOYD'S WORK IS ALMOST FLAWLESS.
 
CONFIDENTIALLY, I THINK THE EVIDENCE FROM HIS MACROQUNTITATIVE WORK MAY REVEAL HE IS A REINCARNATION OF NIKOLAS D. KONDRATIEFF THE FAMOUS RUSSIAN MATHEMATICIAN THAT FEW PEOPLE ARE AWARE OF.
~DC

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Greetings Floyd:
Back from my travels and last week was a wonderful experience.  I was on a ski trip without a computer.  I was able to check my email and get the daily reports.  I made a few trades based on your signals.  Would place my orders before going skiing in the morning and check when we got back.  Never watched the market and made a profit of about 35% last week.  Today was my first day back and I had a lot to catch up on.  Couldn’t watch the market but based on the pre-market alert I put in an order to purchase the feb 650P @ $2.10 and sell @ $2.70.  Just got back to the computer to find both orders had filled for a 23% profit.   Make a long story short.  I have profited enough this month to pay for my quarterly level 3 subscription 3 times over!  I am starting to understand that following the signals is more important than watching the market.
~RA
(Note from OEX Options: We've had a few subscribers leave the service because they said they did not have the time to follow the market during the day. Obviously, RA's testimonial above illustrates that that is simply not necessary. It can be as simple as you make it!)

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Floyd, I read the alert very carefully.  You told us to watch for whipsaw earlier this week , and you told us the count was confused. I day trade and longer term trade with OEX Options, and I’ve been profitable 13 of 15 trades this week using your “count” and subsets. My Level 3 subscription has now paid for itself for 30 years. Thanks for your patience and teaching”.
~ LWF, Greenville, SC

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Good Morning Floyd
Took entry in the 645C at $2.20 yesterday and sold this morning at $3.60, using your subsets. Great profit!

Being new and still learning, this is all fascinating, particularly when I listen to the talking heads explain government reports and associated data. I hear things like, when you take out auto's, or take out retail, or take out this or that...why, everything is just fine. So, with this type of thinking, if I take out my mortgage payment, car payment and any other debt I might have, why it's a miracle and my financial situation is perfect!

Anyway, I've made some money, lost some money but I'm learning, making progress, and sincerely appreciate your daily alerts and the new Level III manual. Great information. Stepping outside myself and watching my behavior and thinking on those losses I've had, I see that I hang on too long to a position...not adherring to those strict stop-loss guidelines that I set for myself, or not paying close enough atttention to subsets, or hoping that things will turn in my favor if I just wait a little longer. It is what it is, no matter what I'm hoping for regarding movement of a particular contract or how I "think" or "hope" the market may move. When I'm making the right moves to buy and sell profitably, I'm watching for your support and resistance lines and buying or selling appropriately, keeping "noise" to a minimum. I've also learned the value of taking those tight profits that are there rather than letting greed get the best of me. I continue to study (reading and re-reading the Level III manual) and presently I'm learing as much as I can about P&F charting. But the daily alerts and strict discipline to those profit goals set, and the stop-loss that I set, provides the vehicle to learn, study and gain a little more knowledge each day and trade profitably as well.
Thanks for everything!
~TS

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You have seperated yourself from the "pack" with being someone who DOES help, rather than hinders...i can honestly say this after spending about $75,000 US on whats out there!
~BC

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I have benefited greatly using the information in your website and market alerts. My trading account has grown by a factor of 50 since first finding OEX Options last year! Now, I can afford to take some time off and enjoy some other aspects of life. I will continue to recommend your service to anyone seriously interested in achieving similar results to mine.
~RC

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After 3 months of reading your material on Level III, studying alerts, educating myself on alll aspects of OEX trading you make available, using no noise charting methods and doing paper trading as you recommend, I took the plunge for my first trade using real money. Bought the 580P today at 1.80. Watched the market for your dow predictions, paying close attention to your subsets...sold at 3.00! Very nice profit. Thank you Floyd, for the fantastic educational material available and the continuing education you provide each day...
~TS

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With your well defined system and simple, easy instructions and study material, I have learned more in 4 days than I have learned in 10 years.
~LS

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Hi Floyd: Another successful trade based on your recommendations - In yesterday - 600 Call @ 2.25 out this morning @ 2.85 - 2.90 Very happy about how my trading is going. Your signal service matches my mentality and I wish I found your service few years ago. Pretty soon, your service will pay for itself for the whole year, if I go at this rate. I have subscribed to many services, trust me no service comes even close to yours. I was very sceptical when you did not publish the past performance but now I understand why. Can't thank you enough
~ RC

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Floyd ­ thank you for your service. I am a new subscriber and have had great success trading using your recommendations. In fact, I've made 15-55% on every trade the past 2 weeks since I started. I think the key is always following your rules of buying beneath the prior close price and at S/R lines and being patient.
~SA

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Floyd, I have followed you enough and I feel privleged to say you are the best trader in the WORLD! I am working hard on becoming a better trader. For the first time in my trading life, I feel like I'm working in the right direction with the big picture. Don't get me wrong -- I am making money on a consistent basis--but could be much better and I think that is OK. That big picture is the market is made up of emotions. It is about greed and fear and less about earnings and revenues? The chart thing is something I can't get interested in because if something happened to you I would't be doing this. I really depend on your SUBSETS -- No pressure or anything but I look at you as my Boss and I better Do what you say. I have been a very good employee. My salary has been increasing and guess what BOSS, you can't cut me back.
~SD

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The best thing about joining your website so far is not the trading of OEX options, but the amazing gain in knowledge of the stock and option market overall I have learned from you and your personal attention.
Taking this knowledge, combined with my level 2 alert about the Google insider trading that was going on the beginning of the year, I went on high alert and prepared for the inevitable drop that must be coming.
Last Jan 20th, options expiration, I made $278,594.10 on Google naked calls and puts!!! For anyone who might not believe it (I hardly do myself), I happen to have proof, the Excel file from my trading company for that day, please see attached! THANK YOU, THANK YOU, THANK YOU !!! I owe you soo much!!!
~MB

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Floyd, I added to my 555 puts. You are a GREAT trader. You have taught me the definition of my emotion within my trading. If I am considering selling I have a number in mind. If I am considering buying I just at the moment enter a buy price. NOW -- That makes no sense! Why would someone not wait for a buy price with the same passion that they wait for a sell price? Your PIVOT POINTS make me feel like I can trade the OEX for a living. Your work on Pivot Points is Genius! Thank You
~SD

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"Hi Floyd,
I also took a position in the 585 and 580. Just sold out both of them for profit of 4k on the day. I've got tears in my eyes at the thought of how things are going. I cannot say thank you enough for all that you have done for me. Most of all thank you for believing in me and my abilities."
~DM

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"I want to express my thanks to you and your organization for your system, really the only one that I have consistently made good profits overall."
~LS

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"I have to tell you, I've tried to trade index options before. Subscribed to services that provide alerts like "buy at x" and "sell at y" but always AFTER the fact. Then they show the great successes they've had! The trouble I've had is that I NEVER am able to buy or sell at those prices.
What you've taught me is "how" to intraday trade, and what to do when I buy and sell...and what to do if the option goes the wrong way.
I get signals from oexoptions, day trades and longer ones, but I'm learning from you that conditions always vary, and you tell me the honest truth.
You really are a "mentor" and teaching service. I've made back all I've lost from the "perfect buys and sells" that other services gave me using you.
I'm sold on what you teach and do."
~JC

"I'm very pleased with your recommendations on the oex option trading. I've tried many sites over the yrs and you're the best. Great program."
~HR

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"Just a quick note to say Thanks! This first week I have profited enough to pay for your Level 2 subscription for two years. I came to your website with thorough options experience. Even so, your combined strategy and mindset was unique to any I tried prior. Observing it is really a lesson in common sense, but common sense in options is synonymous with brilliance. I've dropped all other trading methods so I can focus my full energy on following and learning more. I am not a market guru, but I am wise enough to know when I have found one."
Mike Bilotti
Erie, PA
Active trader since 1997

Email us with your stock option trading questions: info@oexoptions.com

Contact: info@oexoptions.com

The following is a testimonial from an OEX Options Advanced Mentoring Student:

Have you paid $000s to be reading this website?

Dear Fellow Traveller through life,

Here is some of my personal story which brought me here. Please stay, please read. If I in any way do justice to OEX Options I trust that as you read you will begin to feel the main message I wish to convey. LEARNING RELATIONSHIP, a relationship personal to you. It depends on what you seek of course but if you want to understand and learn not just what to do but HOW and WHY – you have arrived. I’m sorry, English humour, I can’t resist…… “it’s not the size of your account that matters…… it’s how you use it!!”

I am still a student at OEX Options so I want to tell you more than just “sign up for the service, it’s wow!”. I do say that of course but just leaving it at that falls a long way short.

I will start by saying that it is an honour for me that my story has been posted for you to read. My tribute here is a tiny attempt at paying forward. As an Englishman, (living in Hamburg, Germany???), I like many “American” expressions and I particularly like “pay it forward”. If reading of my experience helps tip your balance into taking up the services of OEX Options I will feel that I have made some small contribution to paying it forward to you. I can state with absolute certainty that I have no idea how to even make a start on “paying it back”

What I mean by the headline above is, have you, like me, paid $000s on trading courses, 4 days here, 3 days there? Paid big names in the industry, they must know what they’re doing, right? Sure, you learn a little each time. You can even go from zero knowledge to having an understanding of the stock market and the mechanics of options, even learn of 23 option strategies in 3 days – as I did. Then go home, alone and make money from them?

Sometime later I made a quick mental head count for these classes at $000s/head. It told me how much trading the presenter would have to do to even equal what he makes in 3 days from such courses – conducted several times a year.

What I did learn from the courses though was that it is possible to consistently make money from the stock market. All the courses did have a common theme – find a strategy and a focus that suits me. Right! Clear! None of the courses were focussed enough to even help me make a start on that vital element. How the h--- would I know what suited me, without expensive trial and error. Isn’t THAT what I took the course to avoid!!??

I needed a mentor in the true sense of the word. Not just a teacher.

I searched the internet for months. It was difficult to find the search words that would help. I signed up for many trials of alert services. I was learning fast how to discount the rubbish services. HERE is a quick, reliable way of knowing for certain the service is of no use whatsoever!! Sign up to the service, receive an automatically generated response before you are back at your mail account. When you see it in your mail, hit delete, you will eventually, so save time up front – before it costs you anything.

FINALLY!! I know by accident, I no longer recall the search words I used, I discovered OEX Options. The website was already different. Not least because you see the photo of the relaxed, distinguished, gentleman . c.f. all the nameless, faceless sites?

I found myself visiting the site half a dozen times or more. At least 3 times before I clicked on the photo and realized it was a video clip. I made several more visits, I listened to the audios a few times and I read everything.

At last I was encouraged to contact OEX Options. I sent mail with questions. I received a personal, very courteous, helpful response, no BS. This began MY RELATIONSHIP it began my true LEARNING.

This service is all about learning. This is a teaching service, from which you can learn to make your own trading decisions and put you in control. It is not simply an alert service which tells you what to trade. It is a teaching service which teaches you not just the tricks of the trade but – and equally importantly – it also teaches you about yourself in this environment. How to view success, how to keep your head when things seem to be going against you and why it is happening.

I can now liken the courses I did and alert services I tried out to high street shops and shopping malls when you are looking for a truly specialist gift on a specialist subject. You need the gift to be personal, intimate even, to convey to the recipient that you know them and love them. Worse you don’t know the subject well enough to trust selecting the gift yourself with accuracy or to ask sensible questions.

In the high street all the shops are the same with the same stock and your eyes glaze over as you wander around in them, KNOWING you are in the wrong place. You are just never gonna find what you need there. You need a specialist shop run by an experienced expert.

You finally find the crooked narrow side street you didn’t know existed. In this street you find exactly the shop you need, not only does it stock the stuff you are looking for it is run by a true expert, there is nothing he doesn’t know about what you need. You would buy your gift there!

I did the range, the free trial, Level 2 subscription, Level 3 subscription. You will see as you work and learn with the personal service from Floyd why there is a waiting list for Advanced Mentoring. As I write I am privileged to have very recently become an Advanced Mentoring Student.

What have I learnt and continuing to learn?

Focus – one specialist area. Working on one subject with the intention of becoming a master of it.
Psychology of myself as a trader. Working on one subject – myself – how to correspond and be in tune with the psychology of the market with the intention of gaining mastery of myself.
Not there yet myself but I am learning to read the market. I can tell you from daily experience that Floyd reads the market so accurately that sometimes I’d swear he’s writing it. The daily alert shows projections of not only market direction but also what levels it will reach.
Patience. If you do take up this service take time with it. There is a lot to learn. After all, when we are studying the stock market we are studying a moving target Floyd himself offers over 30 years’ experience, trained by his father who was a stock trader in the 1920’s. It is obvious as you work with him there is nothing he doesn’t know. It makes sense that we students are not going to assimilate nearly 90 years of experience overnight but WOW!!! What a powerful source we draw from! It takes time to develop these skills, I see it in myself, a naturally fast learner, - if it helps you to know, I hold a Degree in Applied Mathematics and an MBA - but the day by day improvement gives me a sense of power over my own destiny as no other learning experience has.

I came from personal need to desire to be a master of my craft of trading. I needed (still very much learning) to know every step of what I was doing, WHY! and HOW!!

There are many elements which make the OEX Options service unique but I would like to stress this element of learning about myself in this environment. The psychology of trading, controlling emotion, taking cool decisions when things are not going my way. Not once, in any of the trading courses I did so much as mentioned this. This whole subject is covered by, where to put your stop loss. Fine, the stop loss prevents you from crashing to zero on your trade but you get stopped out half a dozen times in a row and you are haemorrhaging cash and this really, really influences you on your 7th trade.

I can thus make the claim that, in no small way, my trading education here is an education in life.

As I say at the beginning, if my experiences make a contribution to your decision to not only sign up to explore the service but also help you persevere with yourself to get the maximum from it, I will be thoroughly pleased for both you and myself. I doubt that you could make a finer decision in your finance life.

My best regards and well wishes to you

PC - Advanced Mentoring

 

And a Thoughtful Followup From PC:

I still recall the first story without pictures I read as a boy, lots of words over 4 or 5 pages. I recall it so well because I read it many times afterwards because I was so proud of my achievement :-)

The story was of a schoolboy who was a very good cross country runner always a great front runner but he found it boring, always lost interest and just let everyone pass him. His school sports master recognized his talent and told the boy that he had entered him for the school team in an interschool championship telling him that if he put effort in he would win easily. The boy had no interest in winning and no escape so decided he would just trot along from start to finish,

On the day of the race, several miles, the boy set about his strategy. He was trailing along in last place when he passed an isolated cottage, a lady came running out in distress looking for help, someone in the house was injured and needed an ambulance. The boy said there was a telephone and a first aid tent at the school - the race finishing line.

The boy sped away to get help. As he began passing all the other runners he found that he no longer wanted to just reach the first aid tent, he wanted to win!!

Trading with you has become a bit like that for me. When I set out to learn trading it was to make money and reverse my scary and precarious financial sitaution. I got in this state in a pretty similar way to the boy just trotting along. Since I have worked with you it long ago stopped being about the money. I have learnt masses about you from the short messages you are able to send when you must be abbbsoluuutely flat out at times and your observations on your subscribers in your Alerts.... your measure of success and reward in what you do is seeing your students successful.

For me, the money, sure, it's necessary but that becomes a natural consequence side issue to a motivation which now outweighs the motivation of making money..... making people proud of me. I am so gonna love it when I am able to show you that I have built my security to rely on my own ability and that I owe it all to you.



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