Listen to this podcast overview of our subscription services!
| Check out our FREE articles on Trading Options: |
| S&P 100 Index Option Trading Strategies |
| Futures Index Day Trading the S&P 100 |
| Calculating Profits and Losses |
| Pivot Points in Option Trading |
| W.D. Gann |
Top 5 rated Option Trading Systems as defined by the 2008-09 Readers Choice Awards!
Stocks and Commodities Magazine
July 02, 2009 The market is closed tomorrow for the 4th of July holiday. Trading will be very light today, as it was yesterday. The run up yesterday morning took back all of the prior day losses, and allowed no entry to the new call. Traders were able to take an easy first entry to the July 420P, as a new buy, as low as 3.00. This position will act as our new hedge, and we will hold through the holiday weekend if necessary. Any trade during the day today to the call should be sold by day end. Many day traders reported good profits on the new 420P, buying at 3.00 to 3.20 and selling to 4.20 by 3.45 p.m. There is an important lesson. Traders that bought the put following resistance lines were able to sell profitably on a day that was UP and euphoric. The Dow gained 838.08 for the quarter, and Blue Chips alone gained 11% as risk aversion became the mainstay. Institutional traders continue to push the market in buys, and this was the best quarter since 2003. Okay, that's all true, but the market is at 8550, and the meteoric rise helped only a few. We saw the market hesitate again by early afternoon and give up half of its gains, again in the struggle from 8550 area to 8450. It's simply a head and shoulders formation on low volume that will either burst past resistance lines and potentially run to 8750 or higher, OR a market finally willing to consolidate healthily. Floyd considers moves of over 220 points down in a day a sign of consolidation, if on high volume. We recalculated the Dow midday and saw the market struggle at the new R2, 8574, before hesitancy began. Today is a big day for reports. Employment Situation and Jobless Claims at 8.30 a.m, and Factory orders at 10 a.m. We believe it will depend upon the mood of the market as to how this "data" is interpreted. Unemployment is a key issue in Floydian economics, and we believe the real picture is not being painted at all. |
Testimonials From Subscribers...
Floyd,
You are incredible!! I can't believe the signals you have put out in the 3 weeks I have been trading, not to mention the by product of learning a great deal. The May 640 calls – another huge winner!
Thanks for your help!
~RC
"Floyd, got the 620 and returned over 100% in two days. Incredible."-
~
Jerry W, NYC
Just got my fill at 2.45 on the 655 Calls bought at 1.70 - Nice 44% profit. I calculated my sell price using the pivot point and it worked perfectly.
~
DW, Australia
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
Floyd, you are remarkable----Thanks! Hope you have a nice dinner and good evening. Have you had your physical lately? How's your blood pressure and cholesterol? Are you walking daily?
Just Kidding
Love Ya
~SD
ARTICLES:
Learn Options Trading
Options Trading Tools
Blue Chip Options
a new service from OEX Options!
At Blue Chip Options, we expand into other indicies such as DJX, SPX, VIX, and a variety of electronically traded funds (ETF’s).
Each subscription also includes Floyd’s Folly, our highly rated stock, option, and bond “picker’s service.”
OEX Options:
Day Trading Education
Pre Market Alerts of S&P
e-Mini trading, Russell e-Mini Futures trading,
utilizing the S&P 100 (OEX)
Learn to day-trade and short-term stock trade with our complete pre-market alerts and training.
Click Here to view our Introduction to OEX Options
(Requires Adobe Flash Player)
I was brought up in Chicago by a stock trader that trained in the 1920's and 30's with Richard D. Wyckoff, the famous technical trader that utilized Charles Dow's supply and demand point and figure charting.
This website is for traders who do not just want a daily option trading signal, but who truly want to learn how to trade a stock index, such as the S&P100 (OEX).
Trading the S&P100 (OEX) is much like trading the Dow Jones Industrial Average (DJIA), e-mini futures, the S&P 500 (SPX/SPY) , and the NASDAQ (QQQQ) This is a cash derivative stock index that provides an excellent option trading benchmark, and is great for day trading.
Our service provides a complete 130-page manual which I have written about the OEX. The service also provides a daily pre-market alert that identifies 8 key areas to successfully DAY TRADING options.
Clear buy/sell and stop loss guidelines.
Teaching the techniques to help you trade online effectively. Private email mentoring to any subscriber from our seasoned stock trader. Mentoring. Class A service.
Learn to trade index options successfully.
No false promises. NO Day Trade at home and make 20K a month faked reports of best conditions. OEX Options teaches YOU how to trade.
The simplicity of the market is its’ greatest disguise©
About the OEX
The OEX is a subset of the S&P 500 index. The OEX consists of the top 100 blue-chip stocks from diverse industry groups - they provide a good measure of the market’s overall performance. OEX is the ticker symbol for the S&P 100 Index.
OEX options are popular for several reasons:
- Investors can trade OEX options rather than analyzing and
investing in any of the 100 top stocks individually. It takes less money for greater reward, at greater risk. - Purchasing S&P 100 options can be less risky than buying and selling numerous individual stocks
- Trading OEX options requires less capital than trading the options of individual stocks. The trader can leverage better.
OEX Options Knows the OEX! We Trade it Everyday With You!
Each market day we send a complete Pre-Market Alert that provides the trader with all the tools and resources they need to make smart financial option decisions, with detailed information about:
- Just how far the market could move up or down that day-Exact points the OEX itself could move to, allowing the trader to know exactly when to buy and sell.
- A new simple put or call signal to consider in the blue chip S&P 100 stock index, (OEX).
- The opportunity to earn 20 to 40% daily on our signals, and the education behind the trade to be able to do so. We TEACH conservative stock option trading.
- Stock day trading to up to 3 day holds.
- Full time mentoring available online via eMail with our lead traders. We answer all email inquiries about how to trade and what to do same day.
- How to use stop loss and position sizing to seriously invest, NOT GAMBLE.
Click Here to Review Our Subscription Offers!
At OEX Options, the strength of our service is that we TEACH you HOW to trade, not just what to trade. Each paid subscription gets access to our 130+ page OEX book, The Manual for OEX Option Trading.
Click here to read several actual pages from our OEX Option Trading Manual!
We teach you our formulas and “card counts”, the simple mathematical/supply and demand charting principles that can make S & P 100 index trading so profitable.
Index options like the S&P 100 are great for day trading! |
Trade With Traders!
Subscribe Now
The #1 OEX Index Option Educational Trading Service company. Simple rules, and highly personalized service.
At OEX we use point and figure charting, invented by Dow in the late 1800's, to clearly read supply and demand, and identify detailed support and resistance lines.
We teach simplicity.
May 2008
Rated in the Top 10 Viewed Advisory Services in the U.S.!
-Stocks and Commodities Magazine
Opportunity is knocking! Become an OEX Options Affiliate Partner |
OEX Options now offers a
30-Day
No Strings
No Credit Card Needed
Free Trial !!
Trend projection is simply knowing where
there is Resistance or Support, using
pivot points. At OEXOptions, we chart:
-Average True Range
-MACD
-Richard D. Wyckoff's Wyckoff Wave
-Japanese Candlesticks
-Point and Figure
-Volume
-Support/Resistance
-VIX
Learn More About This New Service From OEX Options!
Free Floydian Therapy Article: This article is an Adobe Acrobat pdf (portable document format) articles. If you need Adobe's free Reader, click here |
Learn More About Our
Advanced Mentoring Program
Some traders in our Advanced Mentoring service are working with us now on using Fibonnaci extension levels. We use 138%,150%, 161.8%, and 200% as extensions in comparison with the classic Fib retracement
numbers we show in the alert. All of these multipliers help show more clear cut support and resistance lines. Extension values can be helpful.
Click Here to Learn More!
SPECIAL OFFER Send an eMail to oexoptions@gmail.com and we'll send you a free article on |
Check out our OEX Options Video Ad!
Recommended Reading for Traders: Knowing "What" to read and "What Not to Read" is critical when learning to trade. Checkout the recommendations in our |
