Steady Options

Author/Editor: Kim Klaiman

Offers to educate readers about options, and publishes 10-15 trading ideas per month. Most ideas are short-term (2-5 days) and are based on evaluating Implied Volatility.

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35 Comments on "Steady Options"

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listolyman
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listolyman
July 5, 2012 4:40 pm

Kim runs an excellent service which encourages risk management and steady profits.

Raymond Lee
Guest
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July 5, 2012 11:39 pm

Excellent Non-Directional Approach to options trading. Very good educational portal for every members in the forum who wish to learn more about non-directional option trading. Thanks to Kim who have set up everything perfectly for the members.

Joseph Kusnick
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Joseph Kusnick
July 11, 2012 11:58 am
I joined SteadyOptions after reading a number of Kim Klaiman’s articles on non-directional trading. While his trading methodology is successful, I’m most impressed by his thoroughness, honesty, ethics, and accessibility. From the time I joined, I’ve felt like part of a community. The trading methods are clear, complete, and well-explained for all skill levels. Questions are encouraged, and answered quickly. Emphasis is placed on learning and understanding first, and members care about helping one another. Upcoming trades are discussed and dissected beforehand, and optimal entries and exits are determined. Executed trades are then monitored and analyzed through to closing. There’s… Read more »
surnamehistories
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surnamehistories
July 11, 2012 7:04 pm

Steady Options is a great option site for learning and making money. Low risks trade, vey well thought out. You will find it to be as honest as your mother. Give it a try, you will be glad you did.

Jesse
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Jesse
July 22, 2012 6:18 pm

Steady Options’ ratings say it all. This service combines everything into one. Great performance, great education, great service, great price. Top notch, very professional. Highly recommended for anyone with an interest in making money through options in a way that doesn’t require you to be right on direction. You have nothing to lose with the 10 day free trial.

ckendall4938
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ckendall4938
August 21, 2012 2:45 am
Pffftt!!! This guy was posting free trades with embellished results and now has the nerve to charge people for his crap? Give me a break! Look at his Iron Condor trade at the following link: http://seekingalpha.com/article/317818-take-flight-with-an-iron-condor-for-significant-profits He broke his exit rule on multiple occasions by not closing down a trade when he said he would. He stated that he was going to hold the position. When the market kept going against him, holding was a bad decision, so he just “said” he got out earlier. LOL Can’t trust this guy. You’d be better off buying something from a snake oil… Read more »
kimk
Guest
0
August 25, 2012 10:52 am
I would like to thank everyone for their kind words. I would like also to mention that the latest reviewer ckendall4938 was never a subscriber and therefore his review has absolutely no value and should be removed from the site. I communicated with him on SA and even offered to send him a screenshot of my broker statement but it was a complete waste of time. I would like also to mention that SteadyOptions performance is based on real fills and all trade alerts come with broker screenshots attached. I don’t know any other service doing that. it doesn’t get… Read more »
richard90025
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richard90025
January 18, 2013 2:14 am
“Non-Directional Trading at its Best” Being a software engineer and an options trader, I am naturally intrigued by the kinds of trades in which Kim Klaiman routinely engages. There is something very scientific and mathematical about his approach that pleases my engineering sensibilities. Unlike most traders, who are constantly (and usually futilely) attempting to predict the direction of the market, Mr. Klaiman has perfected a technique by concentrating on non-directional trades that reduces most market directional risk . Mathematically exploiting a statistical oddity that occurs over and over again during the time approximately a week before a company’s earnings announcement,… Read more »
mike_tee_vee
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mike_tee_vee
July 9, 2013 2:07 pm
I’ve been a subscriber for about a year and a half, and have thoroughly enjoyed the service. The professionalism of the forum is top notch, and is accessible for many different types of investors. The strategy suits my schedule well, as I am not always at my desk. It is also well suited for accounts with day trading restrictions. The Daily Update is in my mind the most valuable component of the service, as it provides a quick synopsis of existing and future trades. Novice investors can use the service to follow trade alerts, while seasoned investors can dive into… Read more »
lockitup
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lockitup
August 2, 2013 3:47 am
I wish I found these reviews before I joined Steady Options. If you go back, you’ll see one of the only TRUE reviews by a ckendal4938 (all the others look fake!). ckendal4938 provides a link (http://seekingalpha.com/article/317818-take-flight-with-an-iron-condor-for-significant-profits) that sites a trade that Kim Klaiman opened. Klaiman didn’t exit when he said he would and let the position get worse. When the market didn’t reverse course like he thought it would, he claimed to have already rolled out of the position a couple of days earlier. This new position got into trouble too and he was able to miraculously get out of… Read more »
steadyoptions
Member
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steadyoptions
August 2, 2013 2:52 pm
Dear A L, I’m pretty sure you were not a member and hence did not lose any money with SO. If you were, do you mind to present your real name or at least SO username and not hide behind initials? ckendal4938 was not a member as well, and I addressed all his concerns in the original SA article. It is interesting that you selected for your “analysis” the only losing month we had in 2013. You completely ignored 18% gain in March, 30% in April, 16% in June and July. But let’s go to your brilliant calculations. The performance… Read more »
malden
Member
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malden
August 5, 2013 3:22 am
According to the performance on SO’s website and using the closing dates for each month so far in 2013, this is what I see: Jan had 19 trades w/ avg return of -0.15%. Feb had 20 trades w/ avg return of 1.26%. Mar had 16 trades w/ avg return of 7.88%. Apr had 15 trades w/ avg return of 12.85%. May had 14 trades w/ avg return of -0.28%. Jun had 13 trades w/ avg return of 8.08%. Jul had 19 trades w/ avg return of 5.69%. Using the beginning and ending balance for each month, I get monthly returns… Read more »
halito27
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halito27
August 13, 2013 1:51 pm
Let’s be clear about what Steady Options ISN’T: it isn’t an “autotrading” service. The purpose of this site is not to blindly follow Kim’s trades. Instead, Steady Options teaches a technique that requires EACH of us to: * Identify suitable candidates for pre-earnings straddles, strangles, and calendar trades * Back-test trades to identify suitable risk/reward * Monitor the trades we’re stalking for optimum entry points * Use options Greeks to track performance * Balance risk at a portfolio-wide level Kim posts a forum for every trade he’s considering, describing its historical performance and inviting discussion. When I look at the… Read more »
steadyoptions
Member
0
steadyoptions
August 14, 2013 4:34 pm
Dear Mike Alden, The returns in the table are taken from pro-trading-profits, as mentioned just below the table. if you click on the link, you can directly to ptp website and see the report. You can also play with commissions and see how commissions change the returns. Your commissions calculation makes the same mistake that A.L. made: 1.5% per trade does not reduce the overall performance by 1.5% because the trade was not allocated with 100% of the portfolio. With 10% allocation, the 1.5% will reduce the overall performance by 0.15%, so 20 trades will reduce the monthly return by… Read more »
jozsika
Irregular
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jozsika
September 9, 2013 10:26 am
I was a subscriber to SO for over two months. The performance they post on their publicly available pages is misleading: ++ These are not real performance numbers. These are Kim’s trades that he executes *before* he sends out the alerts. ++ To calculate these performance numbers in percentage is misleading. These are multi-leg trades, sometimes in very thinly traded markets and sometimes at low prices. E.g. (actual example) if a trade has 4 legs, costs $2.25 and gains $0.05, it is listed as gaining 2.22%. This number is correct but don’t try to calculate your compounded return based on… Read more »
mk
Guest
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mk
August 29, 2015 6:03 pm

But a verifiable offense. A sham.

steadyoptions
Member
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steadyoptions
September 9, 2013 1:00 pm
Dear Joseph, Front running is a serious offence, and I suggest you be very careful before accusing someone in front running as it might have very serious legal consequences for you. FYI: Front running is a practice of a broker trading an equity based on information from the analyst department before his or her clients have been given the information. Front running applies mostly to penny stocks and does not apply at all to options. Before the trade is made, I always create a discussion topic and give members all the necessary information about the trade, so many members enter… Read more »
jozsika
Irregular
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jozsika
September 9, 2013 1:54 pm
“many members enter the trade even before I do and in many cases achieve better results. You “forgot” to mention this simple fact in your “objective” review.” (1) I DO mention this in my review, read it again. I DO mention that your timing is not always perfect (nobody’s is) and you USE these examples (like you do it NOW) to “prove” that in SOME instances, SOME members can beat your results. You quote anecdotes instead of FACTS. Sending out alerts BEFORE you trade them would be indisputable. (2) This is NOT an “objective” review and I never claimed it… Read more »
steadyoptions
Member
0
steadyoptions
September 9, 2013 2:52 pm
After all the discussions we had and all the feedback from other members, you still don’t get it.. SteadyOptions is mostly educational resource where trading ideas are shared and members can implement those ideas, REGARDLESS of what I do. I’m sorry that It didn’t match your expectations of “getting rich fast without effort”. Like many members mentioned, the purpose of SO isn’t just to follow my trades. We teach techniques that you can implement in your own account. One of the members said that “what I learned from SO is: trade adjustment, what to do when the stock moves against… Read more »
jozsika
Irregular
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jozsika
September 9, 2013 4:57 pm
No, YOU don’t get it. Or pretend not to. As I said OVER AND OVER BUT YOU DON’T LISTEN: the difference is the commission AND THE SLIPPAGE. If you have a $10 4-leg trade, 1 contract, 5 cent SLIPPAGE and commission combined, on a $2 profit, it reduces your 20% profit to 18%. Fine. If you have a $1 trade, it reduces it to ZERO. Got it? ZERO. And if you have a $2.25 trade, with 2.22% alleged profit (the trade I quoted that was an ACTUAL trade, but you conveniently forgot to reply to), 5 cents per leg reduces… Read more »
steadyoptions
Member
0
steadyoptions
September 9, 2013 5:58 pm
And I repeat once again: there is NO SLIPPAGE since those are real and not theoretical trades. As for commissions – you conveniently ignored my suggestion to go to Pro-Trading-Profits link and play with commissions, so I will do it for you: Plugging into the report 100k total portfolio size, 10% allocation and 0.75 per contract commissions, you get: Average Investment per Trade $9,828 Average Brokerage per Trade $124.97 That’s 1.25% per trade. Same configuration gives: Average Monthly Profit/Loss $10,151.24 (before commissions) or 10.1% Average Monthly Profit/Loss $7,846.21 (after commissions) or 7.8% Please go to Pro-Trading-Profits link and verify those… Read more »
jozsika
Irregular
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jozsika
September 9, 2013 6:27 pm

Ok, LAST TIME:

As I said over and over but you either ignore it or threaten me with a law-suit:

There is SLIPPAGE relative to your results because you post the trades AFTER you execute them.

Anyway: thanks for your comments, this is not your bulletin board.

This was my review of your service. Hope others find it useful.

steadyoptions
Member
0
steadyoptions
September 9, 2013 6:31 pm

And I repeat one last time: there is no evidence that on average, members fills are worse than mine.

At least have the decency to go to the Pro-Trading-Profits link and confirm the numbers I provided. Those numbers are SO MUCH off the numbers you referred to.

And I hope that other will scroll few reviews back and read some real reviews from members who used the service longer than 2 months.

cschulte
Member
0
cschulte
November 20, 2013 9:32 am

I’ve subscribed to a dozen or more of these types of services over the years and this seems to be the real deal. I like the quick and easy format and straightforward directions on the picks.

anonymous_reviewer
Member
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anonymous_reviewer
January 28, 2014 11:59 pm
Some disclosures: I’ve been subscribed to SteadyOptions since its launch and even before that when there was a YahooGroup about these earnings trades. Kim sent out an email asking for reviews but didn’t push any particular line. Honestly, I haven’t traded on the service very much and not at all in 2013. But I still pay the subscription fee because I’m intrigued enough by the ideas that I may want to try again in the future. Kim is a straight-shooter and I’ve got nothing against him at all. I would just emphasize that you need to have a schedule that… Read more »
bam1960
Member
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bam1960
January 30, 2014 5:13 pm
I have been reading some of the negative reviews about SO and I am a little confused about what people expect from an options trading site. For me personally I was looking for a long term winning strategy education with an experienced options trader that discusses each trade before it is entered and gives you explanation as to how and he chose it, the price and why. With some effort you can learn to anticipate and make this strategy your own. This will take some work and time not just a couple of months. I have been an SO member… Read more »
jozsika
Irregular
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jozsika
January 30, 2014 8:12 pm
Nice try, Kim (aka bret)! To repeat what I said before: I don’t have an objection you calling your site a “continuous education site.” Everybody can then decide whether it worth $1,500 / year to subscribe. [For me it wasn’t, your ‘bret’ alias claims that it does. Not a problem.] What I pointed out to the unsuspecting public that your claim that you “provide real time trade alerts” is misleading. These are not trade alerts. These are [delayed] notifications of your alleged personal trades. As to Ben’s comments: I like the approach to evaluate the system from an option pricing… Read more »
tradervic8
Member
0
tradervic8
February 18, 2014 10:21 am

I have been a subscriber for 2 years. its a good service. Not all trades are profitable but you shouldn’t expect them to be. But losses are generally small and most trades are profitable. Kim will respond to my emails on questions and his website has a lot of good discussions and resources. I work full time so I really like the trade alerts. Compared to other services out there, Kim is honest, above board and transparent on his performance and option picks. Thanks Kim !

millionaire
Member
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millionaire
July 22, 2014 1:43 pm
I have been a member of steadyoptions for past 6 months. I had read lot of books and even been through few newsletters before joining steadyoptions. All I can say is steadyoptions is the best site I have ever encountered in options trading. If you are serious options trader and active in the markets then you should join steadyoptions. It is not the same like other hundreds of options newsletters out there who just recommend buying some calls or put spreads using their technical approach and let it to fate to turn out winner or looser. At steadyoptions it is… Read more »
mk
Guest
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mk
August 29, 2015 6:26 pm
I sincerely hope, as a teacher of options trading, that anyone looking to sign-up with this guy’s service knows the truth. Let me explain. Kim Klaiman changed his username on Seeking Alpha when he started to “write” articles. Basically what he did was plagiarize, Augen a lot, and many others. Kim was a part-time worker. Was looking for a way to get out of that. Had no knowledge of how a Reverse Iron Condor worked. None. Said so. He was always e-mailing me, asking me how many “hits” I got daily, which was none of his business, but he took… Read more »
mk
Guest
0
mk
August 29, 2015 6:49 pm

I offered Kim Klaiman a sweetheart proposition. I would give him 100k to trade for a week, my own money. If he made just a measly 2 percent or higher, for the week, he gets 50k. And, I also offered to pay his travel expenses and hotel ahead of time, 10k. He turned it down. All I asked that the entire week was recorded, so everyone could see. Telling.

mk
Guest
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mk
August 29, 2015 6:58 pm

I will never understand how or why anyone goes into options trading looking for such horrible returns as SO laud. Like that’s an accomplishment (of course if you got in/out at the exact perfect time), just not something I would brag to my friends about. I would deal with bonds if that’s the goal, really.

mattr
Member
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mattr
September 5, 2015 11:51 pm

I have been a member for over two years. It has been an excellent experience. The level of education and customer service are unmatched. The performance is really. Highly recommended.

davidsmith1
Member
0
davidsmith1
October 14, 2015 9:51 pm

steady options is a very high quality service. I have been a member for about a year now and it really helped me to become a better trader.

The community value is priceless. There are a lot of very smart traders there who are always ready to help.

The price is not cheap but I got the subscription costs back very quickly. Worth every dollar.

dr10
Member
1
dr10
March 5, 2016 3:41 pm

Great service. Great education. Great results.

Unlike other services that give you just few credit spreads, SO trades mix of different strategies and implements portfolio approach. The results are also reported as portfolio returns, including cash.

Highly recommended.

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