Developing a Trading Plan by Kenneth Bailey | OptionsANIMAL
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Developing a Trading Plan by Kenneth Bailey

For me, OptionsANIMAL can be equated to three degree levels.

theses
Image by newrambler via Flickr

OptionsANIMAL’s training levels 1 through 3 give you a great foundation much like a BS or BA degree does.  With just those three levels mastered, you can do better than any investment adviser or mutual fund manager that does not use options.  We have seen that the traditional meaning of diversifying does nothing for your portfolio in a bear market.  If you are fully diversified across all sectors, your portfolio will still drop in a bear market.  Certainly this has been brought home in the last couple of weeks and in the last couple of years.

I have tested and used an ITM covered calls strategy on VZ that provides a far better return than simple buy and hold.  Add to that a protective put strategy for the VZ ex-dividend date drop, and you will do better than buy and hold.  Add to that a bear put calendar (oops, that’s a masters degree trade) protection strategy when VZ shows bear signals and you are way out performing a diversified portfolio in a bear market.  Many other stocks like MRK, T, BMY, etc work the same way.   Now what are you going to do with all that cash you generate when VZ trends bearish or sideways? How about buy more shares of VZ near the bottom and ride it up?  You now have more shares to collect dividends from and to generate cash in stagnant to bearish trends.  With VZ’s dividend, you know it has price support. Sure it may drop below say $29 for a little while but it will come back.

So with just the information taught in levels 1 through 3, you have enough information to out trade the “pros”.  What would you do with a master’s degree?  For me, that is levels 4 through 8.  Now that is where it gets just plain crazy.  Yep, the returns and security possible with that information is just plain crazy, at least to your friends that don’t know options.  They will just tell you options are a fast way to lose money.  It certainly can be.  But with a good plan developed while you go through your education, you can prove them wrong.  For me, that plan, that thesis is your doctorate.

So how do you develop a thesis or in other words write a book that is your trading plan?  What I’m about to recommend sounds like a huge time commitment.  I can say from experience that it is the fastest way to learn and will save you a lot of time in the long run.  Everyone learns by repetition. I recommend that as you go through the OptionsANIMAL program you do the following:

  1. Take a recorded class to prepare for a live class.
  2. That’s right, take the recorded class.  Do this so that you can develop questions for the live class.
  3. Do some homework based on the class ex. If you took 1.4 “Intro to Economic Events”  go find the economic events calendars from the class and see what is coming up that might move your favorite equity.  Look at past earnings and events to see what the equity did. Develop questions based on your homework.
  4. Start a “chapter” in your book for that equity.   Note how economic events move that equity.  Why?  Because later you’ll apply trading strategies that you learn to those events.
  5. If you learned a trade, place a BUNCH of them in your virtual account and watch them.
  6. Ask the questions in the live class that you will take next.
  7. Take a live class of the one you just took but from a different instructor than the recorded one.
  8. As you listen to the live instructor, write cryptic notes, just one word notes.
  9. Ask the questions you developed from the recorded class
  10. After the class, fill out your cryptic notes and see if you have more questions
  11. Take the same class with yet another live instructor
  12. This one you can often multitask while you are taking it. Maybe edit your book while listening based on what the instructor says.
  13. This time you are picking up special tips that appeal to you or maybe even don’t appeal to you so you can note them in your book
  14. In this class you are listening with your “personality”.  How do you FEEL about what is being presented.  Note what you like and don’t like in your book.

One of the biggest benefits of OptionsANIMAL is that you can take the classes over and over from different instructors or even the same instructor.  Use that benefit.  Depending on what the market is doing, each instructor will have something a little different to say each time they teach a class.  I’m always testing new strategies so when I find a strategy that I really like I might mention it in a class.

Attend the chats, midweek updates and the Saturday trade talks.  Ask questions.  Listen for trading ideas and things you have not thought about.  Add the ones you like to your book and test them.  When you test them, note in your book how they worked and if you would trade them and when you would trade them.  What economic events were taking place, what was the market sentiment, what was the sector’s sentiment, how volatile was the market at that time?

Ok, you have now started your trading plan.

Many people who trade write journals about their trading.  Some document how they were feeling the day they placed trades and how they did.  Some will not place trades when they feel a certain way.  That is not what I do.  What I do is document my trades.  I document the economic events, the equity’s fundamentals, the indicators on the charts, what the options chains were showing and the markets in general.  When I get a winner, I document what I saw that made it a winner.  In other words, I document what  to look for to place that same trade again.  I also see if I could have done better with a different trade or a modification to the trade I placed. When I get a loser, I look to see if there was something that could have told me it was going to be a loser or if there was a way that I could have made it a winner.  In other words what did I miss, if anything.  All of that gets added to the chapter for that equity.  My goal is to have a set of parameters for placing a trade that completely take away fear and greed.  In other words, it doesn’t matter how I’m feeling that day, it only matters if all my parameters for placing the trade have been met.   Over time I end up with a set of parameters that I can trade with great confidence and consistently beat the market. I can find and place winning trades quickly.

Back Testing

This post is a little out of sequence.   I’ll be using the BCT on the SPY as the example in the chat but back testing will be the focus not the strategy.

Back testing options strategies is an arduous task.  Many vendors offer back testing tools that work great for trading stocks but that doesn’t help me.  The rules I trade require me to pick specific option spreads given certain signals and I just don’t know of a vendor that can do that yet.  I’m also starting to think that not everyone can benefit AS MUCH as some do.  Everyone can use it to test a strategy to learn it well and learn a trading plan that they can implement.  I am not certain that everyone can come up with their own unique trading plan.   I guess that is more an art than a science.

So if it is so arduous why do it?  I really don’t know a faster way to solidify what you learn from OptionsANIMAL.  OptionsANIMAL teaches you how to trade ANY market.  Back testing will greatly reduce the time it takes to understand what that means.  I believe everyone can learn how options “move” and improve their trading through back testing.

So what can you expect this Thursday?  Well, I’m a rules based options trader.  I trade the same equity for years.  So what I’m looking for with back testing are rules that I can use over and over, rules that tell me when to go bearish, when to go bullish and when to play it sideways for a specific equity.  I’ll also be looking for option chains that support the type of trades that I want to use.   I’ll pick a core strategy based on what I know well, what my portfolio will support and what will give the returns I’m looking for.  Over time, I’ll test various trades around a core strategy to see if I can get better returns. I hope this helps set the stage.

Writing Your Trading Thesis

From previous posts, you now have the foundation for creating your plan to beat the markets.  So let’s go back to level 1 to develop this further.  Why go back to level 1?  Because that is where you start your book/thesis/trading plan.   One of the first things you want to do is develop a watch list.  The size of your watch list depends on your trading plan.  Wait a minute, how do you develop a watch list before your trading plan when your watch list depends on your trading plan?  Good question.  My suggestion is to start with a long watch list, say about 15 equities.  One place to start is with the equities that the OptionsANIMAL instructors are watching.  It is right there on the home page.

As you see or hear equities that seem interesting add them to your watch list.  You will write a chapter for each equity in your watch list.  Don’t get too upset here.  At this point a chapter can be a few sentences.  How long a chapter is for an equity depends on how you will trade it.  If you are going to own that equity for a long time, the chapter on that equity will be long and it will grow over time.  If you are not going to own the equity, the chapter for it can be quite short and grow very little over time.  If it is an ETF and you aren’t going to own it, the chapter can be really short.
So what are you going to do with this watch list?  OK this is where you do as I say, not as I do.  I won’t tell you what I do but let’s just say I’m working on it.

Every day you should check the economic calendar for what is happening that week and that month.  Check for events that may move your watch list equities.  After a while that will take very little time since you’ll pretty well know what is coming up and what moves your equities.   You will also peruse the news for any information about the equities that you trade.  Then it is to the charts.

Pull up the 6 month chart for each equity on your watch list and see what the indicators are showing.  Many days there will be no significant changes. If there are significant changes find out why by checking the news again.  If the reason is a fundamental change in the company’s profitability, it is time to take a hard look at your trading plan for that equity.  Some days you may not be able to find why a trend changed or maybe it just isn’t real obvious.  Sometimes it helps to check the intraday chart to see if something happened at a specific time of the day.  A high percentage of an equity’s movement is driven by the overall market. If you cannot find a reason for, say, AAPL taking a sharp down turn, maybe there was a grease fire and the market is heading south.  If the market is headed south and AAPL is moving up, you’ll want to take note of that too.  An equity can only fight the overall trend for so long.  During the long beautiful decline in the markets we saw a couple of years ago, many companies were still increasing their earnings quarter after quarter.  Yet their stock price declined.  Don’t fight the trend.  So why worry about fundamentals at all?  Because someday bad fundamentals will bite you really fast and hard.  Put fundamentals with great technical’s and you greatly increase your chances.  For me, I only trade equities that have bad fundamentals in a bearish trend if I trade them at all.

I’m changing it up a little with this post.  I really want to emphasize that what we do, the knowledge that we have, the way that we can trade makes bearish markets a wonderful thing.  Yes an absolutely wonderful thing.  Sure there is some pain as we wait for confirmation of a trend change from bearish to bullish or bullish to bearish BUT we know how to capitalize on ANY trend.  Bullish, bearish, sideways it doesn’t matter to us, we know how to profit from it.  Really we do.  The question then is why don’t we?  Why do we only want to trade bullish?  Is it so programmed into us that the world can only profit from a bullish market that we can’t bring ourselves to make money on a bearish move?  I hear from so many people that they don’t know how to profit from puts.  Something always causes them to lose money on puts.  My guess is that they wait too long to place them.  They wait until they are feeling so much pain that they just can’t take it anymore and then they buy the puts.  By then the move lower is over or it is time for the equity to consolidate and time decay eats away at their puts until they can’t take that anymore and they buy them back at a loss.  Of course the equity then moves lower.  Don’t trade based on pain.  Trade based on a tested plan.

If we know how to make money using options in a bullish trend, we know how to make money using options in a bearish trend.   One challenge of the bearish trend is that it is typically steeper and shorter lived.  That doesn’t mean you can’t profit from it or that you shouldn’t trade it.  So I strongly recommend that you give at least equal weight to bearish strategies as you learn how to spread trade.  Maybe even give it extra time and energy so that you remove all doubt and hesitation when you start trading with real money.  My highest ROI came from puts.  A double in 1 day!!  I’ve had 50% ROI in 2 days with put spreads. I regularly place a put trade that returns about 70% in 1 day.  Puts are great!!  I don’t make money on every bearish trade I place but I do better than if I didn’t trade bearish tends.

Here is one way that I look at a declining market that helps me.  As the market drops or goes sideways, I’m generating cash with short calls and puts or put spreads if I own an equity or ITM leaps on an equity.  I may not pace the drop perfectly but I’m generating lots of cash that I can use to buy more of the equity or bullish spreads when the market turns bullish.  And the equity is getting cheaper and cheaper as it drops!  And since we only trade equities with good fundamentals, those fundamentals may be getting even better as the market drops.  Aren’t bearish markets great?!?!  The equities we want to get cheaper and we are generating cash with which to buy them.  Since we own more of a great equity, we profit even more in a bullish trend. The market always returns to a bullish trend.  And it always returns to a bearish trend so make sure you give enough time to bearish trades as you develop your trading plan.  Isn’t it great that we have a recent bearish period to learn from, test and develop a complete trading plan with?!?!  This is the best time in recent history to learn how to trade options!

So back to what you should be doing every day as you develop and trade your trading plan. You should check the option chains for each equity on your watch list.  You are looking for what strikes and months are available, what are the bid/ask spreads as a percentage of the strike price, what are the values of the OTM options as a percentage of the strikes, what is the IV for each month, and what are the volumes for the strikes.  Over time you will remove some equities from your watch list because they just don’t fit how you want to trade them.  As an example I use to trade XME and WHR.  I found that the bid/ask was wider on XME than I liked.  I could do better with other equities.  XME volumes seemed fine but I wasn’t getting the fills I needed and one time the strikes I needed were not there for me to continue trading my plan.  I stopped trading XME.  I may trade it again someday but for now it gets very little of my attention.  To add some clarification here, I might trade XME with a different strategy some day, I just won’t trade it with my original XME plan.  I dropped WHR for similar reasons.  I was making very nice money trading WHR as it dropped.  One day I looked at the chains for two trades out in time and the chains were not there.  The put chains did not go low enough.  I had to close my winning trades early because one of my future adjustments was not there.  But that is me, you might not have worried about the possible adjustment, hey it might not have been needed.  My portfolio and plan does not allow for that.  If my adjustments aren’t there, I close the trade and look for a different equity.  WHR was hard for me to stop trading. I had followed WHR for years and I had made very nice profits on it.  But my watch list had better equities on it so why force trades on WHR?

Let’s review a little.

You are going through OptionsANIMAL’s program and want to finish the program with a complete trading plan so you know what you are going to do once you graduate.  You are checking your watch list every day by checking the news, the charts and the chains. This post we will look at how you pick some trades.   You should be placing trades as you learn them as practice. As you do this you should be getting a feeling for how you like to trade. What trades you like, what equities you like to trade and what works for each equity on your watch list.

There are many trading strategies and you can use several very effectively if you have a good trading plan.  There are strategies that use just the Greeks to trade. Such as delta neutral strategies that make money through theta. There are what I’ll call trending strategies that trade an equity’s trend in any direction, bullish, bearish or sideways. There are strategies that optimize volatile moves in equities.  There are strategies that play one type of trade such as a credit trade on equities that show up in a scanner.  There are strategies that have you buy an equity and keep it as long as you can make money with it using options.  There are strategies that buy and sell the equity every month.  There are strategies that use complex option spreads and strategies that use just one option over and over.

What you need to do is find what strategies you understand, fit your financial limitations and requirements, and fit your psyche.  You want to trade strategies that you are comfortable trading based on how you feel when you trade them and your knowledge level.  You also want to make sure they fit the amount of time you want to spend managing them.

A simple covered call strategy can be the best trading strategy for the right person.  Just selling calls month after month until called away and then doing it again.  If you can’t handle having your portfolio go down in value even though you are generating 5%/month in cash this might not be the strategy for you in a bear market.  But if you have lots of money, want to spend very little time managing your trades and just need cash, it might work for you.  Maybe you like covered calls but can’t handle your portfolio going down in value in a bear market even though you are generating cash.  You can still trade them in a stagnant to bullish market and switch to collars in a bearish market.  You just want to make sure you have it in your plan.

The beauty of your OptionsANIMAL’s education is that you will learn what you need to know to trade any option strategy you want to.   Putting together what works for you becomes your thesis for becoming an options PhD.  If you have read this whole series you have everything you need to put together your trading plan.

All I’m doing this time is restating what I’ve said in a different way. I’m hoping this will help. You can certainly ask me in chats or request individual mentoring.

As you go through your OptionsANIMAL education you should be identifying equities that you like, equities that you understand.  As you place virtual trades, you should find strategies that you like and have the best understand.   You should also be noting the parameters of the trade.  You should be noting what you saw to place the trade and why you chose that trade for those parameters.   You should be noting that in your book so that when you see those parameters again you can place the same winning trade(s).

Here is an example of what a couple of paragraphs from a chapter in your book might look like for stock XYZ.
XYZ trades well with a modified collar. Enter 1/3 of your full position when the RSI crosses 50, the MACD has a positive cross and the 5 EMA crosses above the 20 EMA.  Enter with a covered call with the short call worth at least 1% of the stock price and the strike either at or above resistance.   The market should be giving 3 bull signals also.

For earnings: If the market is bullish, XYZ is still bullish and XYZ’s competitors have had good earnings, go through earnings without any options.  If XYZ is bearish buy 1 strike OTM puts with at least 30 days of time value.  If you are still at 1/3 your full position buy double the puts.  If XYZ trends bearish after earnings add an ATM short call with at least 30 days of time value.  Sell 1/3 of the puts at 20% profit and roll the rest out to 3 months time value and sell front month puts at or below support to create a bear put calendar.  Remove the bear put calendar when the RSI crosses below 20 and just run with the short calls.  Remove the short calls on 3 buy signals.  If it trends bullish after earnings sell OTM puts 1 strike above your protective puts, in the same month as your protective puts.

Hopefully it is obvious that you need a bunch more rules.  Each rule should be based on what you have traded virtually and refined each time it worked and each time it didn’t.  You’ve been studying the charts and chains and option strategy graphs for months, maybe years so you know the options will be there and the indicators work well.  You have also sized the trade based on what you learned from OptionsANIMAL’s portfolio management lesson.  You have done the fundamental analysis on XYZ and know it has great fundamentals and a series of great earnings reports.

For extra credit, as you trade XYZ with your rules, you trade it virtually with some twists like selling WAY OTM leap short calls and use the money to trade diagonal call calendars when certain parameters are met.  You use a little of the profits from the diagonal call calendars to buy back the leap short calls if they go ITM.  Once that twist is validated, you add it to your chapter on XYZ and trade it.

Or you could keep it very simple.  Collar on 3 bear signals, remove on 3 buy signals, buy puts for earnings.  Trade it well and you will do better than any mutual fund out there over time.

Above I’ve explored how to develop a trading plan.  I hope it has been helpful and you’ve gotten pretty far with it.  This time I’ll explore a different type of trading plan.  The previous one and this one can be used together.  You just need to decide how much of your portfolio you want to trade with each strategy.   Or possibly you might have a set of trading strategies for a stagnant to bullish market and another set for stagnant to bearish markets.  Or maybe you have a set for times of high IV and another set for times when there is low IV.  No matter what you decide I recommend having guidelines set to determine when to switch strategies.  The guidelines should have parameters that anyone could use.  In other words they should not be based on your feelings.

This time I’ll give an example of a trading plan that is only executed if certain parameters are met.

The example: At 2 weeks before expiration look at the following stocks; ABC, DEF, GHIJ, KLMN, OPQ, RS, TUV, and XYZ.  Determine the trend and place OTM bull puts if bullish or OTM bear calls if bearish.  The shorts must be outside of support/resistance.  The credit must be at least 12% of the amount risked.  Primary and secondary exit: close the Tuesday of expiration week.   Place no more than 20 total contracts.  Place no more than 5 contracts on ABC, no more than 3 contracts on DEF, no more than 8 contracts on GHIJ….

What you need to consider for this type of trading plan is very different from the previous plan.   You could easily be at max loss before you close this trade.  Or you might go months without placing a trade.  But if you have tested it well and are disciplined you might just profit on a high percentage of the trades you place.  Some people trade based on making more with their winners than they lose on the losers.  I don’t like that plan but it might work for you.  OptionsANIMAL teaches how to always profit as long as you plan and execute the trade well.  That is why I like detailed trading plans.  I’ve already determined how to profit no matter what happens and I can use that over and over.

You should be well on your way by now.  As you go through developing and trading your plan, you might just come across some general rules that you want to follow.   You may also find things just don’t work or things that you want to look for when evaluating new equities to trade.  So how do you do that?

A good place to start is with losing trades.  Look at your losing trades and see if there are some general rules you want to follow.   Look at the sentimental, fundamental, and technical analysis that you used to place the losing trades to see if you can find a pattern.  Try to determine how you could have profited from your reasoning instead of losing.  If you always lose on a trade, take the other side of it every time.   You will not always be able to determine how to avoid a loss.  That is OK. As long as you figure out how to make money in the long run, you will do fine.
Some of the rules may be just personal preference.  Like for me, I don’t place credit trades unless they are protected in some way or I have strong secondary adjustments.  Also I don’t LIKE buying stock by using bull puts.  I prefer to do a married put or covered call.  I do like buying half of a stock position and using bull puts to generate cash with the secondary to own.  So bull puts in combination with stock ownership works for me but not bull puts alone.  So does that make using bull puts to acquire stock a bad trading plan?  NO, it just means I don’t like it.  You might be able to use bull puts very effectively to acquire stock and like the way that it works.  It might fit your portfolio and goals, it just doesn’t fit mine.

Trading Rules

Now we’ll look at equity specific rules.  These rules can often be used to for multiple trading styles.  They can be used for trading the same stock over  and over.  They can be use to manage a position.  They can be used to spot entries for a specific trade that you like.

So where do you start?  You start with the classes.  The OptionsANIMAL classes give you excellent guidelines for entering and exiting trades.  Apply them to the equities on your watch list and see what you like.  Trade the ones you like and look for better entries and exits.  An example might be instead of waiting for 3 crosses to enter a bullish trade, you enter it when it bounces off support.  Possibly you have seen an equity that has VERY strong support and typically rises into the holiday season.  So your rule would be to enter a bull call calendar on xyz with a bounce off of support in September.  Exit the trade  before December or at 30% profit.  Use JAN/OCT options.  Place the long ATM and the short OTM for a net position delta of .21 or greater and a credit on the short equal to at least 10% of the long debit.  Make sure it is theta positive.  The overall market must be stagnant to bullish.  Risk no more than 5% of my portfolio.  Exit trade at a loss if the equity breaks below support.

So now you have a setup for a trade on xyz.  Maybe you decide you want to own some shares of xyz.  Looks like September is a good month to buy it.  Or maybe you like bull puts, looks like September is a good month to place them.

Maybe you also notice that xyz sells off after the holidays.  If you own it you know you want to protect it aggressively.  Maybe a ratio bear put calendar and a deepish ITM call. You would develop detailed rules just like the bull call calendar trade.  Watch xyz for a while and you could trade it effectively all year-long.

We have gotten pretty far with the concept of writing a trading thesis you can use to trade against when you graduate.  One important note: You will never finish your trading thesis.  You will complete the first revision but it should be revised as you trade, the market changes and you learn more.  In earlier posts I wrote about having a chapter for each equity you want to trade. So what do you write in this chapter.

What you write really depends on how you are going to trade an equity.  If you use a scanner to find equities that are tripping triggers for you to place your favorite trade, your chapters might be brief.  The chapter will only include those things that impact the type of trade you want to use.  If you are a “buy and trade around it” type person, like me, your chapters will be longer and grow with each piece of relevant data you collect.  Regardless of the trading plan you will include these items in each chapter.

How did the equity react to economic reports including Europe, India, China, etc.  You will need to track that.  You will note seasonal trends if any such as “typically rises from September to mid November”.  You will note how economic events impact the equity.  Such as “if in a bullish trend into earnings do not protect, if bearish trend into earnings use a short call and ratio bear put calendar.”   You will also note if reports like the PPI, CPI. ISM or other reports impact your equity and how to trade it.

So for each equity you want to trade you will have a chapter in your trading thesis that documents everything that makes it move, how it moves and how to trade it.

How to develop a plan for a scan and trade plan.

This time we’ll further explore the scan and trade plan.  For purposes of this discussion, a scan and trade plan is a plan that uses an equity scanner to find equities that are tripping triggers for you to place your favorite trade.  An example would be a scanner that finds equities that have just gotten 3 buy signals and are near their 52 week lows.  Possibly you would then trade calendars or bull puts on the equities that you like that the scanner finds.

There is no reason you can’t use the year round trading plan information for a scan and trade plan.  In that case possibly your trading plan would include year round trades and scanner trades.  Before you place a trade you would check your notes to make certain there aren’t any reasons to not trade it in a certain month or season.  Possibly your chapter on an equity will note that bull puts don’t work well on a certain equity, why it does not work and what trade to use instead.

If you are only going to use the scan and trade plan your chapters can be shorter but you will most likely have more chapters/equities since you would want a large sampling so that you find trades often.  You do not necessarily need to include trades for a bearish trend if your favorite trades are all bullish.  You would not be as concerned about how it trades around earnings if you don’t trade it in the months it has earnings or you are only trading ETF’s.  You might not even worry about the fundamentals, though I think you should.  Your chapter on an equity will only note the things that impact the way you want to trade that equity.

Hopefully you now have enough information to develop your chapters for your trading plan.

Portfolio Management 

Portfolio management is one of the hardest subjects to fully cover, at least for me.  OptionsANIMAL’s course on portfolio management provides an excellent base and it may be all that you need.

Here I’ll explore some variations.

A good portfolio management plan should be based on several factors.  You should consider your goals.  If you are only trading money that you can afford to lose, you can have a far more aggressive plan.  If you are trading for monthly income and can not tolerate a drop in the value of your portfolio, your plan will be very different.  If you only want to spend a few minutes a day, your plan will likely be very different from if you want to watch the market all day.  If you have more money than you need but want to trade it for enjoyment that will be very different from a person that barely has enough money. For me, if you can afford to own equities and meet your goals, that is the best base for a plan. I feel that as long as you own a fundamentally sound equity with good option chains you can make money.

Once you have determined the options trading strategies that fit your goal, the next step would be to determine asset allocation or how much money to put in each equity you want to trade.  If you have a fully developed chapter on an equity and have seen very consistent returns with an equity, you might divide a larger percentage of your portfolio to that equity. You might then break up your allocation with about 20% in cash for adjustments, 30% in your favorite equity and 10% each in 5 other equities.  How much you keep in cash is greatly dependant on your trading plan.

So should those equities be in different sectors?  Some would say yes but then again why do they say yes?  They say yes typically because they feel diversification across sectors will reduce the impact on your portfolio should a sector turn bearish.  If you have a good trading plan, it doesn’t matter what a sector does because you have a plan that makes you money no matter what that sector is doing.  If you have an expertise in a sector you might put more of your money in that sector.  I still think you should have more than one sector in your portfolio for when a sector makes a large unexpected correction based on some news event.

Your portfolio allocation plan should take into consideration which option trading strategies meet your goals and you are most comfortable with.  Hopefully, you are reading this early in your options trading education so that as you learn to trade options, you can pick out the options trading strategies that fit your plan.  That way you can PRACTICE them, learn to trade them well and implement them after graduating.  Since OptionsANIMAL is an online investing course, you can listen to the investing classes over and over.  If you still don’t get it, come to a chat and ask the instructor for help.  With help you can learn to trade any and all the strategies that OptionsANIMAL teaches.

OK, I’ve pretty well exhausted what I have to blog about developing a trading plan.  In the past when this happened a student asked a question that helped me understand what you needed.  If you want more, ask for it and I’ll do my best.  Otherwise, next time I’ll take a look at JPM and why I like it so much for covered calls chicKen style.

Kenneth Bailey
OptionsANIMAL Instructor

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john kraus
john kraus
19:00 13 Nov 18
The experience and information have been outstanding thus far. I insist on thorough coverage when it comes to my interests and pursuits. OptionsAnimal are meeting and exceeding my expectations. The personel are very supportive as well. So far, i have interacted with Brice, Jordan and Warren. All of them were flawless in their professionalism and very personable as well. i never felt rushed in my inquiries and they efficiently offered complete and even comprehensive answers, making sure i understood what i was trying to learn. Thank you!! so far so good!John Kraus
Kim Schaeffer
Kim Schaeffer
00:05 14 Sep 18
I've read books on options for over 20 years but really never felt like I had a specific strategy to hedge my stocks because there are so many from which to chose. OptionsAnimal has an excellent strategy/approach that allows me to hedge my stocks based on my personality style within the OA system. The instructors are brilliant and passionate about what they do and want nothing more than to help their students of all skill levels. Thank you OA!
Steve Rosenlund
Steve Rosenlund
22:16 04 Mar 20
Some classes are very technical, I can repeat them as needed. I would rather retake a class than see it dumbed down.
Stephen Sorrick
Stephen Sorrick
20:36 29 Sep 18
The presentations were all highly informative.
James Hutchins
James Hutchins
14:55 06 May 19
This is top notch education. They do not teach a “system” that works sometimes, but rather they teach you to really understand how to evaluate companies, structure trades based on your expectation, and most importantly how to adjust your trades in the event things go against you. One thing that I really appreciate is the caliber and dedication of their instructors. They do not constantly try to “upsell” you like other options education systems I have tried in the past. Options Animal provides both live and online education opportunities. It is not a “get rich quick” kind of a service. Options Animal is real education, and requires real study and practice to master. They give you the tools and training, and support, the rest is up to you. My wife and I are thankful to have found them!
Ivan Peytchev
Ivan Peytchev
21:44 04 May 19
Bill Madison
Bill Madison
16:42 07 Feb 20
The lessons are excellent, organized and easy to follow . Can take you from beginning student all the way through "PHD" level options trading. Several instructors to choose from (all good) and each has his/her own style to make learning FUN. The best part is : you become a profitable trader.
Kevin Goodwin
Kevin Goodwin
21:41 07 Jan 19
Ron Pensari
Ron Pensari
23:51 12 Jul 17
optionsANIMAL is by far the most comprehencive options education program I have ever experienced. I have gone through enough programs to know that this school does an exceptional job in educating and supporting anyone with the desire to become an options trader. The coaches are extremely helpful and knowledgeable. It does not matter what level you trade, their course structure takes you in depth from the fundamentals all the way to the most advanced strategies. The cost for the course is well worth the money...I am a lifetime member and am glad I did it!! But, you can start at any level. The education I am learning will last a lifetime!
Mr. Bodin Hugger
Mr. Bodin Hugger
17:20 13 Jun 19
Excellent training from multiple experts. Member as of February 2019. I have completed up to level 3. Trading options since 2009-2011 when one could throw a dart and win!Excellent archives for training classes with Kathy, Joe , Eric, Charan , Jeff, and Horace. These are excellent educators because of the different styles each educator brings to their client. OA Trader work shops offer insight on how to think. The Wednesday and Friday updates also educate the client on how to think. These updates educate the client on how to separate the noisy events from those that are important. Entering into the options trading world with out OptionsANIMAL training is foolish.I am very pleased with the value of my decision to join OptionANIMAL. I wrote with review on my own accord and will stand by this review. Bodin Hugger, JRMetaire, LA 70006
Bruce Ash
Bruce Ash
21:22 01 Jan 19
OptionsAnimal has been a great experience. I have learned a lot about options. It is nice that you can learn at your own pace and get help as needed.
James Hutchins
James Hutchins
15:12 13 Jul 17
Options Animal has really improved my understanding of using options to supplement my income, as well as protect my portfolio. I had tried other options programs prior to choosing OA, but was frustrated because they did have a complete approach. Options Animal wants you to fully understand options, and equities that you may trade, allowing you to make much better choices, both in investing, and using options for income, and protection. Thank you, Options Animal!
Warren Broll
Warren Broll
03:57 01 Sep 18
Options Animal is providing me with the options tools I need to enhance growth my stock portfolio and to react appropriately when trades go against me. My eight months as an OA student are beginning to pay off financially. I have worked hard and have not been as mentally challenged since I was in engineering school, many years ago. I recommend Options Animal to anyone who is deeply committed to trading improvement, is open minded and coachable, and is willing to take on a serious challenge.
Trask Messinger
Trask Messinger
12:57 05 May 19
thank you - very professional and informative Summit
Jonathan Nelson
Jonathan Nelson
15:31 04 May 19
Very well put together. Informative. Pleasent community.
Joseph Woollen
Joseph Woollen
04:03 15 Nov 19
I have been pleasantly surprised with Options Animal. Having used other options training programs with limited success, going through the Options Animal courses has been like getting a graduate degree. Their courses are comprehensive yet understandable, and it’s particularly helpful to go into their video archives to take the same courses numerous times - each with a different instructor with a slightly different teaching approach. And it’s hard to beat theIr support and collateral materials. I highly recommend Options Animal. J. Michael Woollen
John W
John W
20:53 28 Jun 19
Brice is very easy to work with and does what he says he will do. Thanks again Brice for the good service
Dana Podliska
Dana Podliska
21:36 04 May 19
John Daggerhart
John Daggerhart
19:30 24 Nov 18
Very straight forward solid education. No get rich quick B.S. Learn, follow, prosper!
Bruce Mazzare
Bruce Mazzare
05:09 07 Sep 18
Excellent course with a complete follow up & support system to insure learning ! Thank you
Amànda Dorion
Amànda Dorion
23:28 16 Oct 18
Options Animal has been great. The instructors are fantastic and everyone is always very willing to be available and answer any questions. The way the material is set up also flows very well.
Jeffrey Nee
Jeffrey Nee
14:29 30 Sep 18
Excellent teachers dealing with a complex subject to a room full full of varying skill levels. They succeeded.
John Boulet
John Boulet
04:48 30 Sep 18
GREAT CONFERENCE !It became much clearer to me that options can be used to hedge risk AND be profitable at the same time.Would highly recommend Options Animal to anyone looking to improve their trading!
Kai K
Kai K
21:32 28 Aug 18
OptionsANIMAL has been great. They are a true and honest company that are willing to help normal people become successful investors who use options. Highly recommend this company.
King Cone
King Cone
23:23 08 Nov 18
We have been with Option animal for 7 years plus. They have delivered on all levels. If you want to learn to trade options there is no better education. Make sure you finish all you levels before you start live trading if you don’t your education will cost you more as I learned the hard way . One other point make sure you try to attend as many conference that Option animal puts on you will not be disappointed .Your trading skills will get sharper and most of all you will meet a bunch of great traders
Merlin Andrews
Merlin Andrews
16:01 06 May 19
The best options trading education available that I have ever encountered by far, and one of the best values in any education. Great instructors, a very supportive community, and a tremendous amount of information and content. Not get-rich-quick, but life changing if you are willing to put in the work.As a graduate of the program, I continue to learn and grow from everything provided by OptionsAnimal and continue to improve.
Jerry Boatman
Jerry Boatman
03:10 21 Dec 19
Fantastic Training that you can do at your own pace.
James Diehl
James Diehl
21:08 18 Jul 19
My wife and I have tried other on line trading academies and were not impressed with them at all. We became very frustrated to the point of almost giving up the idea of ever being able to learn how to trade options. We heard about Option Animal and decided to give it one more try and we are glad that we did. We were immediately impressed with the entire program. The lessons, both live and archived, are easy to follow and very well done making it simple for even the most novice trader to understand. The instructors are extremely knowledgeable and offer personalized attention when needed. We highly recommend Option Animal if you are serious about learning how to trade options.
s hart
s hart
21:26 04 May 19
The knowledge I've gained from being involved with Options Animal since 2013 has been extremely refreshing & tremendously helpful. I don't have to fret about what's going to happen with any trades I have going, because I already know what can happen in any type of market movement and thus, can prepare accordingly. If you have intentions of becoming a trader yourself, whether you're a rookie or have played with the stock market for years, this is the place you want to be to get you aimed in the right direction. The instructors are amazing - very knowledgeable & deeply caring. The membership community is wonderful. Getting with these people personally at the Summits is a great thing. You most-likely will end up with some wonderful friendships with fellow traders (and instructors) in the community. The things you can do with this education are limited only by you. Scott Hartman - OA Graduate
Kevin McDermott
Kevin McDermott
20:02 23 May 19
Even though I have been trading options for a couple of years, I was happily surprised by learning things I either did not know or did not understand as well as I should have.Excellent education program that is good for everybody from beginners to experienced options traders. Plenty of resources and actual people who can answer your questions or help you deal with any unexpected difficulties.Top notch organization doing top notch work. Check them out.
Mark Zimmerman Sr
Mark Zimmerman Sr
20:32 07 Sep 18
If you want to learn options this is where you will lean it! Great education, even better support
Thom Ianniccari
Thom Ianniccari
18:07 29 Oct 17
Great education and support to learn to earn. I have done a lot of investing education and this is one of the few systems that gets a gold star.
Carroll Rogers
Carroll Rogers
02:34 24 Sep 18
Options Animal has proven to be interested in the success of me as a successful trader. Their staff has answered my questions, and the presentations give a good understanding about many option strategies that I did not know existed.
Jackson Simon
Jackson Simon
19:58 25 Oct 18
Wonderful experience so far with this superior source of education on options trading. I continue to enhance my skills and knowledge week to week with the help of their highly experienced coaches and easy to follow curriculum. Learn to protect your investments now to ensure a brighter future in retirement and to pass on to your posterity. Highly recommended!
Samuel Chimento
Samuel Chimento
13:10 14 Feb 19
Hello,I have been an Option Animal student for 5 months now and have completed levels 1 through 3. So far I have learned how to make directional trades as well as high probability credit spreads"Even though I have only completed the first 3 levels my current trades are ranging from 15% to 47% profit per contract. The winners are steadily rolling forward.I am looking forward to completing all the levels and learning debit spreads, hedged trades, straddles, strangles, collars and winged spreads.This education makes option trading crystal clear and easy because you will have confidence in what you are doing and finally enjoy making money on a daily basis.Most importantly, take your time and learn the material in detail, I think that is the secret to doing well!Enjoy your education.Sam
john panzenhagen
john panzenhagen
16:09 31 Aug 18
This is the only way to learn the option process. You will find the classes informative and well done.
Cheryl Tiffany
Cheryl Tiffany
17:45 14 Sep 18
DiVerge Fitness
DiVerge Fitness
17:35 22 Dec 18
Great service for learning the correct way to trade options.
Ken Carley
Ken Carley
10:59 06 May 19
Been a member for almost 9 years. Always learn something new when I attend their many free summits around the US. The instructors are great and very available to the students. Absolutely the best Options Education anywhere.
Joshua Foss
Joshua Foss
18:23 29 Sep 18
Motivated me to learn more
John Stuparich
John Stuparich
01:11 16 Jan 19
The Option Theory is adequate with but the concepts only really sink in when theory is further explained in some practical application examples or case studies using live and current stock prices .
Carol Sadlowski
Carol Sadlowski
16:41 21 Sep 18
I am enjoying my experience with Options Animal. If I can’t get to a live class I can always get the same information from three different instructors in archives. The live forums are very informative from these experienced instructors. When sharing their one transaction they do per week, they always encourage the safe way and give you the step by step process they use.They emphasize the risk to keep you grounded.I enjoy the mid-week and weekly reports they present also.
Robert Brown
Robert Brown
00:24 15 Nov 18
It is legit with certified courses and tax incentives.
Robert Wendorf
Robert Wendorf
16:43 01 Sep 18
I believe an Option trader needs to be educated, not sold a system or a trade picking service. I found Optionsanimal to be a great place to get that education. The training is well designed and structured. Upon completion, you will be able to pick your own trades, adjust them as needed and close them successfully. I was actually able to cover the cost of membership with the profits I made from trades I initiated myself! Here is the secret... they actually teach you how to make adjustments when trades go wrong.
Shawn C
Shawn C
18:00 15 Jan 17
Markus Bandomir
Markus Bandomir
14:53 18 Jan 18
Kathy Bowman
Kathy Bowman
18:13 15 Jul 19
Sunil Tomar
Sunil Tomar
19:05 29 Sep 18
Stephen MacLean
Stephen MacLean
02:27 11 Jan 19
BRUCE BAILEY
BRUCE BAILEY
18:16 01 Oct 18
This was my first Summit experience and I thought attending was very worthwhile. The programs and materials were helpful and the open session Q&A following the presentations was great. I left with six other OA members contact information to really get into the “community” feeling!
Joe Kerner
Joe Kerner
20:42 29 Aug 18
Option Animal has trained me with a process to manage my portfolio successfully. Navigating the market with confidence while using our 6 step process has helped me increase my returns while reducing my risk. My old friends Luck and Hope are not a trading strategies anymore. Using the three legged stool approach of fundamental , technical and sentimental analysis has guided me while using options to profit in any market direction. While also giving me the tools to adjust my positions when the market reacts opposite to my analysis. The team of instructors are in a single word AWESOME. They care about teaching you so you can manage your money with confidence. Thank you OA team!
Howie Agster
Howie Agster
19:14 21 May 19
Webinars have great examples of a superb strategy trading options. First in money management and trade adjustments limiting losses. My choice for learning from the best.
Edith Falls
Edith Falls
18:48 10 Dec 18
Sergey Golub
Sergey Golub
21:22 19 Dec 19
If you a new or an experienced options trader this is very much desired service where you can learn a lot and get help when you need it most from live coaches at Options Animal.Keep up guys with great work!S. G.
Chris Potwin
Chris Potwin
20:44 07 Apr 18
Awesome
Douglas Weed
Douglas Weed
22:45 23 Oct 18
Zack quickly answered the question I had about choices for brokerages with respect to commissions.
Charlie Gray
Charlie Gray
23:27 10 Sep 18
I have had a wonderful experience working with the instructors from the community and working with Zack and Warren. What I like most about OA is that when you have a question about any option the instructors are able to answer any question they are well versed and understand the material, also other people from the community sometimes will pitch in and offer some answers. If anybody wants to learn about options The Animal is the way to go. Thanks guys Student Charlie
Curt Rosemann
Curt Rosemann
17:40 12 Oct 18
By far the best I have found for indepth training and insight as how Options really work. Logical class order. Highly knowledgeable instructors for each element whom can provide detailed answers to any questions.
William Dedes
William Dedes
15:32 12 Sep 18
I recently joined animalsoption. I may be a slow learner but I like to take things at my own pace. This program is very educational and extremely helpful in my self directed portfolio. I have been listening to the lessons at my own speed. The recent seminar I attended in Buffalo New York was extremely helpful. They offered to return my tuition if I was unhappy with the program. The lessons have already resulted in profits for me so I doubt I will be asking for a refund. Animalsoption is awesome.
Jack Goldstein
Jack Goldstein
16:42 13 Jul 17
This is a wonderful community of Traders and educators who will help you to understand Options and Equities and the influence of all of the associated variables. Their courses are well worth what they cost. The Education is invaluable and helpful for a lifetime. There is a calander of Webinars at each of eight levels of training as well as a prerecorded Webinars of each subcategory at every level of training. This allows you to interact with instructors live with questions or review by listening to pre recorded sessions. There are several instructors. Each one has their own personality and style. This makes it easy to find different viewpoints on the same subject and continue to learn. I highly recommend Options Animal for anyone interested in self directed investing.
Dr. Rina Shinn
Dr. Rina Shinn
17:58 01 Feb 20
This is the program that I wish I knew at the beginning before I poured in ridiculous amount of money in order to learn about options trading. Highly recommended.
Rick Gregory
Rick Gregory
00:17 08 Sep 18
Very thorough training program. Accessible trading professionals. Excellent community willing to help you succeed.
Linda Wood
Linda Wood
18:20 04 May 19
Blaine Jones
Blaine Jones
01:36 25 Jun 19
Options Animal is one of the best, if not the best, educational experience I have ever had. If there were more than 5 stars I would rate them a 10.
Rex Villarruz
Rex Villarruz
02:39 11 Sep 18
To GOD be the glory.January 2016 my wife and I started this journey.May 2018 I quit my good job and pursue this trading carrier.Thanks to "OPTIONSANIMAL" system, now i managed our 401K and IRA,by doing a covered calls and collar trade.I learned that the market is dynamic, not all of my trade need a stop loss in place, instead i learned how to do adjustment if the play is against me. I only focus on the strategy that is working for me and fit my lifestyle. I keep repeating it. Very important is money management and position sizing in order to survive in this business.
Sharon
Sharon
18:57 04 Oct 18
They have wonderful teachers, I learn a lot from them. Even the tuition is expensive, but from what I have learned, it is worth and will benefit for the rest of my life.
Gerry Young
Gerry Young
18:22 28 Jun 19
I've been an Options Animal member / student for a bit over a year now and am incredibly impressed with the organization, their depth of knowledge, their teaching methods and their support of their students. In fact, I just signed up for life time membership so that I can continue to make use of the resource for the rest of my trading career. Before becoming a student of O/A I had been studying options trading technique on my own, attending webinars buying books from Amazon & etc. for about three years and not doing very well at it. I was also trading equities as I had been for the past 17 years and my portfolios were increasing in value from my efforts but not by leaps and bounds. In fact I was just covering living expenses plus a little bit and looking for a way to become a more successful trader; hence my foray into options. Joining Options Animal was like stumbling out of the woods and into the sunshine. "Don't try to trade options until the end of the course when you will have learned how to do it." was their first piece of advice. ( Wish I'd had that tattooed on my wrist three years ago. It would have saved me a bundle.) Next piece of advice: "If you do experiment with trading options just count the results as increased tuition costs." (Yeah, I had to learn that the hard way.)Then they proceeded to a very detailed analysis of markets / equity trading with instructions on where to find the real information for fundamental analysis. This alone resulted in a measurable improvement in my efforts at equity trading. After that it was straight into options, "the Greeks" & etc.What makes the O/A teaching method a cut above anything else, in my opinion, is that there are four primary instructors all from different backgrounds who each teach all the lessons in the curriculum. All of their efforts are recorded in the O/A archives which gives the student the ability to gain exposure to the same material from four different perspectives. And because the instructors are continually presenting the material over time one can gain a better understanding from listening to the same person giving the same talk but in a slightly different way.Any points not clearly understood can be repeated instantly or reviewed in its entirety later. Students can also interact with the instructors in real time during the scheduled sessions or attend the weekly open forums to cover specifics and have additional questions answered. One is not locked into a rigid class schedule which is going to move forward whether the student understands the presented material or not.In addition there is a bulletin board / chat room organized by courses and lessons and related subjects where students and interact and learn techniques from each other and the participating instructors.Long story short: if you really want to improve your trading to the point where your success rate is above the ninety percentile point then Options Animal is what you've been looking for.
Becky Hutchins
Becky Hutchins
14:51 13 Jul 17
I have taken several classes/seminars on option trading. OptionsAnimal is by far the best I have taken. The instructors educate us on the specifics of why options move the way they do, so we can make decisions based on what we have learned, rather than just following the "rules" someone else has set up. The instructors are helpful, knowledgeable and willing to share their personal experiences, including trades that didn't work out the way they had anticipated. I especially appreciate the way they emphasis that we protect our portfolio and only take on the appropriate risk we can live with. I highly recommend this program to anyone who wants to learn how to generate monthly income build their wealth and protect their portfolio.
Brett Johnson
Brett Johnson
21:39 12 Oct 18
am new to Options Animal since March of 2018 although I have traded options since 2011. While I am only half way through the curriculum, I find the content, instructors, and methodology invaluable. I very much appreciate the new view to trading that Options Animal provides, so much so I am considering migrating from a mix of stock investor and options trader to a pure options trader given the risk management and increased trade success taught at Options Animal.
Karen Berliner
Karen Berliner
21:15 14 Nov 18
I first learned about Options Animal just about two years ago. I could immediately see what a comprehensive educational program it is and how I could become a successful trader. I finished the program in a year and am extremely pleased with the success I have had this year, far exceeding results obtained by the S&P 500, the Dow, and NASDAQ. Not only does Options Animal provide an excellent curriculum, it offers multiple ways for students to learn and each of the coaches is fantastic. They want their students to be successful. The changes that I have been able to make as a result of being a member of the Options Animal community have been important for me professionally and personally. I recommend it highly.
Hal Maughan
Hal Maughan
03:17 08 Sep 18
Great info and very helpful
Allan
Allan
17:25 11 Sep 18
I have spent many years and thousands on training and advisory services before taking the Options Animal training and can only say that I could have saved thousands of dollars of losses from my account and a lot of frustration had I chose them in the beginning.
Nag Malluru
Nag Malluru
16:16 09 May 19
I like the education that OA provides and it is really interesting to see all these strategies in real world. I am seeing the difference already and excited to be part of this.Community and Live tabs are amazing and helps us to stay connected with the schedule and other member thoughts etc.
Dana Podliska
Dana Podliska
03:41 18 Dec 18
Before joining OA, I had only traded equities and it was suggested to me to get into options. After watching tons of YouTube videos about how easy it was to make money using options, I felt that I was missing something. After some research into different option services I choose Option Animal and believe it was the correct choice for me. Through the teachers at OA and many hours of classes that they present, I feel like I am getting the knowledge and answers where all my other sources fell short. I am confident that after completing the courses I will have the knowledge necessary to trade successfully.
Victoria L Roberts
Victoria L Roberts
22:35 02 Mar 20
They offer a systematic approach to options education. Each instructor has taken the courses. They are all intelligent, articulate and available to answer questions. No sales gimmicks just a commitment to the students. I highly recommend them.
Pam JB
Pam JB
22:00 17 Sep 18
Great program! The classes are very thorough and methodical and take you from beginner level all the way through advanced option adjustments. There are dozens of live classes every week, but you can also choose to watch recorded lessons from your favorite instructor. The mid-week and weekly market forums are a great place to get a truly unbiased review of the current market conditions and the monthly trader forums are a great resource to learn how the instructors are managing their personal trades. I'm looking forward to attending their two-day live seminar in Utah next week.
Zack Simon
Zack Simon
18:48 02 Mar 17
Because it's changed my life.
oliver fox
oliver fox
18:43 06 May 19
I am simply amazed at the amount of knowledged displayed by the option animal instructors at the Chicago summit.after having listen , and asking questions ,my knowledge of the stock market,and option has increased to a level way beyond that of the average trader. I am so thankful for finding optionsanimal.
Merlin Andrews
Merlin Andrews
16:27 05 Nov 17
By far the best educational source for options trading that I have found in my 4+ years of learning. An incredible amount of information, education, and support - worth every investment penny for anyone serious about learning options trading. The most helpful, passionate, and skilled instructors - all with different perspectives that make it easy to find your own path instead of getting told what your path should be.
Michael Lawrence
Michael Lawrence
22:02 12 Sep 18
Options Animal is an excellent organization. I am very happy that I have found them. The website is wonderful and easy to navigate. Options are a complex instrument and they certainly know a great deal about their subject matter. Greg, Jeff, and Casey, as well as the other members of the company are all warm, kind, funny, helpful and extremely intelligent. Options Animal is a solid organization. I am very excited to move toward a complete understanding of options. I hope to grow along with their company in the future. I would give them a stellar review.
Brian Hores
Brian Hores
13:59 11 Jun 19
A well structured curriculum to master the intricacies of options trading. Archived sessions allow you to go at your own pace and review areas of weakness. Live classes with instructors are interactive with a chance to ask questions. The teachers are great with helping to clarify issues and help you succeed. Following he Options Animal 6-step process will lead to trading success. The tuition is worthwhile compared to paying the school of hard knocks. I haven't mastered everything but am a much more confident and profitable trader.
oliver fox
oliver fox
03:42 11 Nov 18
OPTIONSANIMAL,OPTIONSANIMAL,OPTIONSANIMAL!!!! the very BEST in options education.-------- the very BEST.
Elizabeth Spoeneman
Elizabeth Spoeneman
17:26 07 Mar 16
Amazing products
John Daggerhart
John Daggerhart
15:56 14 Sep 18
Fantastic accredited education! The courses are worth every penny. If you're serious about trading options, then Options Animal is a must. Great customer service and the one on one guidance is exceptional. Go for it!
Bailey Pate
Bailey Pate
00:17 18 Sep 18
OptionsANIMAL has been awesome thus far. Great course material with teachers who are willing to help you through it if it doesn't make sense. A worthwhile investment!
Rick Kingbury
Rick Kingbury
00:43 24 May 19
This training is so thorough and with the archives I can go thru a particular section until it sinks in and then I get that "ahah" moment when I really understand it. Great training. Rick Kingsbury
Robin Pfeil
Robin Pfeil
20:47 14 Sep 18
This was a great review of basics, with a substantial amount of more advanced information. It was a solid day of education with very minimal fluff. A worthy use of the time.
John W. Tompkins
John W. Tompkins
19:18 10 Sep 18
Becoming a lifetime member of Options Animal was a great decision. The demands on my life do not allow me to schdule regular classes. With the flexible curriculum that OA offers, I am able to stay on top of my OA education, practice trade when time allows, and remain an active member of the OA community. You owe it to yourself to investigate the OA 6 Step Method, it will change the way you look at your financial future.
Jim Hores
Jim Hores
19:54 10 Jun 19
I found this to be an outstanding program - in-depth knowledge you cannot find anywhere else and the staff is always very supportive. I give it an A++.
Dino Johnson
Dino Johnson
04:45 04 Jul 18
Great instructors! You want to learn how to trade options this will give you a solid foundation! Met the owner Greg at a trading summit in Seattle and really enjoyed his approach to teaching option trading. I am a life time member.
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