Steady Options

Overall Rating

Rating: 4.0/5. From 85 votes.
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4.2
Rating from 321 votes
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Investment Performance

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Rating: 4.1/5. From 86 votes.
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Quality Of Writing/Analysis

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Rating: 4.2/5. From 80 votes.
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Value For Price

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Rating: 4.4/5. From 70 votes.
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Customer Service

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Rating: 4.0/5. From 85 votes.
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steadyoptionsClintjozsikaJoanneNamialk Recent comment authors

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Jeff
Guest
Jeff

Kim Klaiman runs a first class service. All strategies are extensively backtested and well researched. There are well written tutorials about the strategies. The questions are answered in a timely matter by Kim and other experienced members. The community is a real gem. This is where the real value is. There are dozens of very good traders who not only help new members, but also share their own trading ideas. Wealth of information can be overwhelming, so make sure to spend some time and learn the strategies. I cancelled all other services I was using, and now SO is the… Read more »

S K
Guest
S K

Kim and Yowster are very good at what they do. But, I started their service probably during the worst part of their trading in the last 3 yrs, Jan to Mar 2019. The fills are usually a huge problem. Strategies are for advanced traders which is acceptable since they do disclose that upfront. Fills being an issue and me not able to be on the computer most of the day, it is a bit difficult to get into a trade in a fast moving market. I couldnt get in some profitable trades that they had which affected my results negatively… Read more »

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S K
Guest
S K

Posting reply on your own website instead of here speaks volumes. Bravo. I am still waiting to hear explanation about 20% draw down. Thats 20K loss in a 100K account.

Kim
Guest
Kim

Dear S K,

SteadyOptions produced triple digit returns in 6 out of 8 previous years. We encourage members to focus on our long term performance instead of one bad month. We know that some members join based on 8 years track record, but quit based on one bad month. Classic “buy high sell low” mentality. 6 months from now, they are going to feel a bit silly.

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marypaananen
Guest
marypaananen

This is from Kim at SO – told him that as a SG member and SO member – would be happy to post it here: Dear S K, SteadyOptions produced triple digit returns in 6 out of 8 previous years. We encourage members to focus on our long term performance instead of one bad month. We know that some members join based on 8 years track record, but quit based on one bad month. Classic “buy high sell low” mentality. 6 months from now, they are going to feel a bit silly. I encourage “S K” (whoever you are) to… Read more »

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marypaananen
Irregular
marypaananen

I’m a new member to SO – joined in January as SK did. I’m very experienced in regular stock trades (long and short), futures, etc. My primary goal in joining (originally) was to get with a group of talented, experienced and communicative folks who REALLY know options and have proven strategies they use. I’ve tried the ‘spray and pray’ approach with other options newsletters – and they tend to rely on more gut feel and ‘opinion’ that solid research that is proven over time. SO tends to use a set of known strategies, a set of great research tools and… Read more »

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Namialk
Guest
Namialk

SteadyOptions website has been down repeatedly this month. The site is currently down (at least 3 hours so far). No communication to paying clients.

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steadyoptions
Guest

My apologies for the downtime. This was our longest downtime since inception. We are working around the clock with the hosting company to fix it. We have sent numerous email updates to all members and we post real time updates via Twitter.

Joanne
Guest
Joanne

I had similar experience to the person above., if they meant updates about the site downtime. For me there was no email updates about the downtime on 4/23, and only a one-line reply to a user on the forum after they raised the issue of the bsite having been down that day. Yesterday 4/24 after market closed and the site was down all day, there was one email update dedicated to this. The bigger issue is that the hosting company must be changed asap. They are not reliable and have proven that (three down days in a single month, others… Read more »

steadyoptions
Guest

Thank you for your comment and your kind words.

It has been confirmed that the site has been attacked (we have a pretty good idea who was behind it). We have installed a more powerful firewall and things seem to be working fine now. We will be looking for a backup for our email system as well, so we can send more timely updates.

Clint
Guest
Clint

I have been a member of SteadyOptions for almost six months, but unfortunately I must cancel my subscription. There are a lot of positives about this service: the owners provide a lot of education material to help understand the trades and they are very active and responsive to the subscribers. The trades though are hard for me to follow since I work a full time job. Most of my personal trading strategies have entries and exits that flexible – if I don’t execute today then I can set an order and get in tomorrow. With SO however, sometimes you can… Read more »

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steadyoptions
Guest

Dear Clint, Thank you for being a member and for commenting. We are always looking to improve, and feedback from members is very important to us. Our mantra is “learn first, trade later”. Yes, it is very important to learn the strategies before placing live trades. This is where some members fail – they are rushing into live trading, thinking that “it is too expensive to paper trade while paying for the service”. They usually find out the hard way that trading without proper understanding of what you are doing could be much more expensive. The most successful members learn… Read more »

Clint
Guest
Clint

Thanks for replying. The community at Steady Options is valuable – I found the forums to be informative and the traders engaged, versus the generally useless comments on free trading websites. I also liked that Steady Options members shared trading ideas, and some of those have been incorporated into the trading schema. I highly recommend SO for people looking for a trading community. I’m a member of a local trading club that meets monthly but SO is “always on”. I don’t think the fee is excessive, but I am accountable to my family in how I invest and what I… Read more »

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jozsika
Member
jozsika

To reiterate some facts abut SO: The claim that SO produced XX %return in such and such time period in real life is misleading at best (a lie.) The published trades are for 1 unit of a 4-leg strategies, published after the fact, executed by the service owner, Mr. Kim. Specifically: He repeatedly refused to post his trade recommendation **before** he set up his trade. These are **his** trades, **after** they have been executed. He never gave any reasons why he doesn’t post his intentions even one minute before he places the trade. [ Incidentally he repeatedly refused (no reason… Read more »

steadyoptions
Guest

For the record: jozsika was a SO member for 5 weeks. He never made a real effort to learn the strategies as recommended and started trading with real money from day 1 . His approach was: “”I don’t care to learn about options or their various strategies. In fact, I just want someone to book profitable trades into my account, because I also don’t care why a trade is initiated or why they may/may not make money.” This is a real quote from him that can be found on our forum. Since cancelling 6 years ago, this individual feels obligated… Read more »

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Clint
Guest
Clint

This does not align completely with my experience. The trades were almost all discussed before hand. If you follow the comments by Kim and Yowster you’ll get them in your email. Each month there is a discussion about which tickers to trade for earnings, so this is transparent. The trades are often non-directional, or Iron Condors or some such setup. I didn’t notice any issues with legging in that created a performance issue. Commissions are negligible if you have a good platform. I use tastyworks so paying $10 for a trade that targets $150 profit isn’t bad. Most of the… Read more »

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steadyoptions
Guest

Thank you Clint. I believe your summary is fairly accurate. We always have been very transparent about the fact the SO strategies are not scalable to big accounts, and $100k is the maximum we would recommend. It would be unrealistic to expect from ANY strategy to make the returns we achieve on a multi million dollar account. Everyone is different, and as you mentioned, the returns will depend on the time and effort members put, and usually improve over time. Members absolutely will have to put the time and the effort, we have been very transparent about this. That said,… Read more »