Author/Editor
Kim Klaiman
Description
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.
Overall Rating
Rating: 4.0/5. From 144 votes.
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4.2
Rating from 538 votes
If you’ve subscribed to Steady Options, please click the stars below to indicate your rating for this newsletter, and please share any other feedback about your experience using the comment box below.
Investment Performance
Rating from 141 votes
Rating: 4.1/5. From 141 votes.
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Your vote
- 5 Stars 101 Votes
- 4 Stars 8 Votes
- 3 Stars 3 Votes
- 2 Stars 4 Votes
- 1 Stars 25 Votes
Quality Of Writing/Analysis
Rating from 131 votes
Rating: 4.2/5. From 131 votes.
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Your vote
- 5 Stars 97 Votes
- 4 Stars 6 Votes
- 3 Stars 4 Votes
- 2 Stars 0 Votes
- 1 Stars 24 Votes
Value For Price
Rating from 122 votes
Rating: 4.3/5. From 122 votes.
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Your vote
- 5 Stars 91 Votes
- 4 Stars 9 Votes
- 3 Stars 6 Votes
- 2 Stars 3 Votes
- 1 Stars 13 Votes
Customer Service
Rating from 144 votes
Rating: 4.0/5. From 144 votes.
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Your vote
- 5 Stars 98 Votes
- 4 Stars 10 Votes
- 3 Stars 7 Votes
- 2 Stars 0 Votes
- 1 Stars 29 Votes
For more than 4 years I was a subscriber to Steady Options and I started with the standard $10,000 account. It wasn’t easy – the first three or so years my account oscillated between overall gains of 20-30% to losses of around 40-50% several times over (that’s why it’s good to start with a small account) – but I eventually got the hang of it and never looked back. My losses became minimized and my gains became consistent.
The main lesson was, when trading, to give it my full and undivided attention. Once I learned that lesson my trading was able to take off. Everything I learnt I learnt from Kim and the Steady Options community. Out of a plethora of trading setups and ideas presented on the website I was able to find something that worked for me and make it my own, so it’s a service I highly recommend if you are able to give it the time and energy it needs. 5 stars for integrity and quality.
Highly recommended. Only substantial discussion about the strategies; no fluff, no hype. The strategies are based on long volatility positions, mostly (hedged) straddles and calendars. This is my second time as a member; the first time I was a complete beginner in the world of options and needed to take time to learn the fundamentals of option trading plus get some more market experience. All of that makes me appreciate the approaches of SteadyOptions that much more.
Now I’m very happy to be part of a community led by Kim and “Yowster” assessing candidates for the trades and taking the trades. Everyone who has stuck with trading has learned that there is no easy way to long term profitability. Yet it is possible. SteadyOptions shows a way of doing that with its transparent performance record. And as far as “sleep at night” strategies go, there is no better way to sleep soundly than to be net long gamma and vega! Sell the right contracts to cover theta decay and there you have it 🙂
What returns has Steady Options provided any of you that subscribe to this newsletter?
jedwards92886, This year I am making over 80% so far with using the strategies I learnt at Steady Options….but I trade full-time. If I was doing it on the side with a day-job, then my return would be less than half of that.
Options Trader THANK YOU for your response. I too am trading full time. This year I expect to close out at approximately a 31% increase in the size of my portfolio. How can I find out more about “STEADY OPTIONS”? Is there a complimentary issue available?
Currently I am spending $2,200 -$2,800 per year on services over 3 services. I would like to get that to one service ………….$$ Above excludes gum Shoe which I will ALWAYS be a subscriber here!
jedwards92886, there’s no “complementary issue” but I think they have a free trial period. Or failing that just join the ‘Steady Options’ only service for $125 for 1 month and then decide if you like it or not.
QUESTION TO SUBSCRIBERS TO STEADY OPTION SUBSCRIBERS:
What % return have you experienced since subscribing to Steady Options?
QUESTION TO ANY AND ALL SUBSCRIBERS TO STEADY OPTIONS:
What % return have you experienced since subscribing to STEADY OPTIONS?
Steady Options has changed my mentality about trading options. Previously I was trading strategies like ICs, flies, Verticals etc. I always thought trading services will spoon feed me the trades and I will make profit in my account. That myth was dispelled brutally. In fact that’s the fastest way to lose $ and sleep & health.
Well fast forward, I stumbled up on SO and due to Kim’s repeated mentoring I learnt the importance of paper trading first and foremost, understanding the ideas/ greeks (esp RV and gamma) and waiting for opportunities when the UL makes a move. As I said above, this changed my trading and results followed.
Yowster is an awesome trader. I must say I like his thinking more than Kim’s. He is very humble and very helpful even to the most naive beginners. The whole community in the trading room are helpful and maintain a good vibe. Some of the traders are well learnt and post their own ideas or modification of the official ideas. If you have any question, they are very quick to respond.
And finally, my account is up by 45% this year. I am confident that I’ll improve my trading as the time passes.
Our phenomenal success caused some of our competitors to become very concerned. They will do anything to sabotage our reviews, and in the last few days they posted over 200 fake one star ratings. I hope stockgumshoe will remove those fake ratings, but you can read the comments to see how our members are really doing.
When our competitors try to discredit us, this is the best testimonial of our success.
Who are your competitors?
For the record: in the past I disagreed with how you represented / described your service.
With the current description:
“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.
I agree.
I.e. you (and your members on your forum) educate your members and you publish some trading ideas (i.e. not actual trades with entry/exit rules, rather trading ideas — derived from the original and freely available work of Reel Ken (https://seekingalpha.com/author/reel-ken#regular_articles)
I agree with this characterization of your service.
[You charge for all this education around $2,000 / year that I believe is excessive, but everybody can decide for themselves.]
I don’t know any competitor of yours in this space.
Please educate us.
For the record:
1. Reel Ken work has nothing to do with SteadyOptions. Some of his ideas are implemented (with changes) in our other service Anchor Trades, but not SteadyOptions.
2. Our official track record is based actual trades executed in our live accounts (each trade comes with screenshot taken from the broker). All trades are posted with full follow up (entry, exit and adjustments) in real time.
3. The cost of SteadyOptions alone is $1,250/year not $2,000. Most of our members consider it a bargain, but obviously you are entitled to your own opinion.
And yes, we have many competitors who are envy of our success.
P.S. I’m not sure why you continue commenting on service that you cancelled 7 years ago.
re #2: NOT TRUE! You post screenshots AFTER you placed and executed the trades.
This is not what “real time” means for normal people.
You repeatedly and consistently REFUSED to change this and post trades BEFORE you enter them.
Similarly, repeatedly and consistently REFUSED to demonstrate your methodology in real “real time”, i.e. sit down with your subscribers or their representatives in front of a real time quote machine and broker account and present / demonstrate your methodology placing real “real time” orders.
Please suggest how executed trade screenshots can be posted BEFORE the trade is executed.
In fact we do post the exact trade setup in a discussion topic, which is always opened BEFORE the trade is entered, but you repeatedly and consistently REFUSED to acknowledge it in all your posts.
This is my last reply to you. It doesn’t stop to amaze me why you continue commenting on a service that you used for 6 weeks 7 years ago.
I would rate this service a a 3, if you think you can get your return near the advertised one, you are wrong, Kim enters his trades and when you get the alert you realized the is 80% of the time it is impossible, you look at Kim’s fill and only a few (5-6) contracts where trade at that price, when I was a member I asked him to create a system in collective2.com to see how much his return will be, of course he and a bunch “BODYGUARDS” he has there, want to kick you out, but this is the real truth, so I consider it a very expensive learning experience.
I can think of a 1000 better ways to spend the money I gave SO… the emails are unclear, the trades suggested bland and for forums poorly organized. The site does have some valuable information, but nothing more than you would find for free elsewhere.
Dear brianc,
Those “bland” trades produced 120% CAGR in the last 9 years.
We believe in work and long term commitment, not in “get rich fast” schemes. Like any professional education program, our programs require work and discipline.
Over our 9 years in business, we helped thousands of people to become better traders, but obviously our program is not for everyone. We are only interested in serious traders dedicated to their professional development.
Good luck with your search for a service that will work for you.
I joined Steady Options last June, at that point I had reviewed Brian Overby’s excellent options playbook and take a few on line courses and/or materials. My intent at that point was to get to another level of understanding so that I could generate an (acceptable) risk managed steady income. What I did not expect is the depth and breadth of expertise and integrity of this service. Used correctly, SO enables serious traders with realistic strategies that work over time and the ontent to help build the underlying theoretical knowledge. There are NO exuberant promises of immediate riches, the kinds that often end very badly. Instead, Steady Options seeks to educate and to guide as well as provide actionable ideas that generate good profits over time, their track record is meticulously kept and publicly available for anyone who wants to check it out (https://steadyoptions.com/performance/). To get this performance there are no short cuts, a trader needs to know how to mange his/her own trades and how to adjust to rapidly changing market dynamics. There is simply no way I would have learnt what I did this past year without Steady Options and its community of incredibly bright (and respectful!) members. SO is highly recommended IF you are serious about trading options AND willing to put in the work, I have not come across another service like it.
I really can’t comment on the service itself, but the customer service is terrible. I signed up for a trial of the service a while ago, but I never actually used it and cancelled. Now I’m ready to try it for real, but because I’m not a new member I SHOULD sign up and pay quarterly or yearly. I would prefer to pay monthly to see if it will actually work for me, but that’s apparently not possible. Which means I MUST pay quarterly or yearly. I guess the service is doing well enough to turn away customers. Oh well.
It’s not clear what customer service has to do with published policies. There are no surprises; it’s all quite transparent and clear. You chose to sign up, knowing the constraints, and then chose not to use it. I’d call that terrible user practices. Regardless, though, why do you believe you can’t pay monthly ? It’s there as an option.
Actually the service is doing so well that they often have a freeze on membership.
You were lucky to be given a free trial – if you did not use it at all, then you wasted your opportunity, and cannot blame the service for that. That’s on you buddy. If you think paying for a quarter for something like this is too much bother, then it’s not for you.
Dear Mike,
Our free trial policy is very clear. I don’t expect everyone to accept it- it’s your choice. I’m not issuing orders, I’m informing, hence SHOULD is more appropriate than MUST.
However, I’m not sure what it has to do with our customer service and how can you rate a service that you didn’t actually use?
You SHOULD (but not MUST) read comments from real members who actually used the service.. see what you are missing. Those members prefer to focus on the quality of our service and our outstanding customer service.
Am new to trading and was looking for a service to offer both education as well as trade ideas. Steady Options is one of those services that respond to questions and take the time to educate and discuss trades. I feel I could grow my knowledge of option trading with them and appreciate their support system and sharing of vast knowledge of option trading! The service seems to fit the slow but steady and cautious approach which I am comfortable with. Thanks!
I have subscriptions to two of the services offered at Steady Options. Anchor Trades, and Simple Spreads. I am not a subscriber to the shorter trading portion of SO spoken mostly of here, but I am seriously considering it. My experience with Anchor, that i have had the the longest, is nothing other than spectacular. I have 4 accounts being managed by Lorindine Capital, an affiliate of SO. My longest held of the is up 67% in the last year and a half. When the market was affected by Covid last year, at the bottom, my account was only down by about 1%, one of the things I like about Anchor, the protection of my capital, while still obtaining spectacular growth. I cannot say enough about the trading plans developed by Kim, and those at SO, and look forward to a great experience when I am ready to move forward with the more intense short term term trading offered by Kim through Steady Options.
I should have added to by comment about SO, that I am also quite happy with my subscription to Stockgumshoe, and also highly recommend it to anyone thinking about subscribing, and on the edge. Two great services from my experience.
I am a member for two services for mote than a year. This is not a quick overnight rich scheme, you also need to understand the basics and ready to learn the process. If you are ready to do that this is the best service where you can learn things while doing. The knowledge you get hear is priceless. Team is really honest and go to extra mile to make sure your questions answered and you are on your learning path.
I’ve been with Steady Options for a year. I did not join so I could follow someone else’s trade alerts in the hope that I would make money. I wanted to learn how to do my own trading. The profitable trade alerts are a plus and have paid for the subscription many times over. The real value is in the education and the forum for bouncing questions off other members and the site mentors. Names that you come to know and have a pretty good idea of their skill. I recently renewed for a year. I’m not going to bother refuting the negative BS on here, if that is their opinion of SO, then I”m not really interested in what they have to say. If you want to learn a lifetime money making science/art profession in 3 months, you’ll need to travel to a different universe than the one I live in.
Main point – Steady Options is what it claims to be, no doubt 100% legit.
Excellent service. Very dedicated team. A lot of experienced traders willing to help and share their experience.
You will need to spend some time learning the strategies, but once you do, it will be very rewarding.
This service will change the way you trade options. Excellent and supportive community with high probability approach to options trading.
Highly recommended.
I have traded stocks, options and futures for more than 20 years. I never made consistent profits until I subscribed to Steady Options. I highly recommend Steady Options. Start with small investments, get used to the recommendations and how they work. After finding success and gaining confidence, begin scaling. I believe if you follow these steps, you will find the success you have been looking for.
I have been SteadyOptions member for over 3 years. This is the real deal. Their ablity to make money in any market has been proven again and again. 90% in 2022 in a bear market.
All trades are discussed on the dedicated forum. A lot of very smart and experienced traders contribute to the discussions. You will learn a lot just by reading the forums.
Highly reccommended if you are willing to put some time and effort.