Price Surge SystemExploiting Weekly-Options for Instant Profits
Weeklys are designed to be a cost effective way to trade around short-term patterns and events in a specific time period. Because of the short time to expiration, weekly premiums are a fraction of the cost of monthly options. It is possible to purchase numerous contracts for the same total investment when compared to monthly expirations.
That is my intention through this book and system. I will be tying together all the best strategy pieces with a few well-defined tweaks so that traders can reap the leveraged rewards of option trading, without the need to wait for months to achieve the profits. You will be able to take daily and weekly gains to achieve your goal of financial independence.
Combining Long and Short Trading StrategiesExploiting Weekly Options for Instant Profits
Many traders focus on trading straight forward long-term (long) call and (short) put option trades, holding the contracts for several months to as long as a year or more. While you could spend a lifetime learning about and perfecting these straight forward strategies, other traders are expanding their horizons. There is a new and unique trading opportunity available to traders willing to put in the time to learn about the different trading vehicle of “Weekly Options” and about a truly new and unique trading strategy … the Price Surge System: Exploiting Weekly-Option for Instant Profits.
Seven "Must Know" Secrets
Always exit your trade on the same rule you used to enter that trade.
If you used a MACD cross up to enter a call trade, use a MACD cross down to exit the trade... read moretwo
Always enter your option positions towards the end of the day, during “professional hour."
If not during the last hour, then trade well after the first hour of the trading day, “amateur hour.”... read more
Which equities should I purchase options on?
5 Steps in Equity Selection Funneling... read morefour
Stocks that trade up to the $70-80 price range will usually continue their upward price movement until they reach $100.
And stocks that reach $100 usually continue upward until they reach $120-130 price range... read more
Beginning option traders are taught to purchase options on contracts that show open interest of more than 100.
They are also taught to recognize support and resistance levels as seen on a stock’s chart, indicating price movement.six
Become desensitized to losses.
Profits are achieved by selling option contracts at prices that yield gains well in excess of average losses... read more
Based on the strategy that you are implementing and the intended term of holding the investment,
determine your target exit point and your closeout date before you enter a trade... read morebonus
High volatility is based purely on expectations.
If implied volatility on an option you are looking to trade is far higher or in excess of what the historical volatility of the stock is,
For twenty-five years I worked side-by-side with my husband, Jack, at our family-owned gift shop in Historic Biltmore Village. And, life was pretty good… until suddenly it wasn’t.Continue Reading
You have discovered through the technical set ups how to more accurately predict the strongest candidates. I look forward to applying all that you teach and it should be very rewarding- Robert
Again, my compliments to you. I've studied them all, from Welles Wilder to Bernie Schaeffer, and you make more sense than all of them put together!- Jim