Climb to Profits WITH AN OPTIONS LADDER
|
|
- Julian Bryan Dennis
- 5 years ago
- Views:
Transcription
1 Climb to Profits WITH AN OPTIONS LADDER We believe what matters most is the level of income your portfolio produces... Lattco uses many different factors and criteria to analyze, filter, and identify stocks appropriate for your account. The goal of Lattco is not to choose stocks that will go up (or down) in price; it is to find stocks that fit the parameters of your particular account and have the greatest potential of meeting the objectives established by the Snider Investment Method. Investors can borrow a tool from the fixed-income world: laddering. Laddering can help manage the downside risk and capitalize on long-term income potential. Laddering can also be an effective tool for generating long-term income. Price declines that cause many covered-call traders to abandon their positions often prove fruitful from an income-generating perspective. Stepping down the ladder is a creative way to manage risk when trading covered calls. Covered calls are widely considered one of the most conservative options strategies out there. You can employ this strategy when you own underlying shares of stock and write calls against them. If the shares are called away (the elimination of a contract due to the obligation of delivery), you are back to cash and profit from the option premium. If the options expire worthless, you still own the stock. Of course, trading covered calls is never that simple, is it? The best stocks for a covered-call strategy are those with high volatility and open interest, which typically translate to higher option premiums. But highly volatile stocks have a nasty habit of swinging both ways: Just as they have the potential to jump in price by expiration, so too they could just as easily fall - and sometimes significantly. Then you would be stuck with a position that is worth considerably less than what you paid for it, and there is no easy way to get out without taking a loss. A common way around this issue is to place a stop-loss order fairly close to the purchase price (say, within $5 or $10). Some investors take it a step further and employ a collar strategy. Both of these techniques can limit your downside potential, but they also limit any long-term profit potential. This is because stop losses and collars are inherently shortterm strategies. Perhaps a perspective change is in order. For an investor focused on income, covered calls can be a profitable option (pardon the pun). And investors can borrow a tool from the fixed-income world: laddering. This tool can help manage the downside risk and capitalize on long-term income potential. Income Focus We should point out that if your objective is solely capital appreciation, particularly over the short term, this strategy is not for you. If you would not feel comfortable holding a position that has declined significantly for a long period no matter what the income potential you will want to look elsewhere. This method is a bit counterintuitive as you look to sell the positions that climb higher, while holding those that decline. It s not quite as simple as sell the winners and keep the losers, but some of our clients have described it that way. The bottom line is that it can be an effective tool for generating long-term income. Why Laddering Laddering is a simple concept most often used by investors in certificates of deposit and bonds. The idea is to distribute the maturity dates to smooth fluctuations in interest rates. A five-year bond ladder, for instance, would consist of five purchases: One at a one-year maturity, another at a two-year maturity, then three, four and five. After a year, when the first bond matures, you invest the proceeds into a new five-year bond. Every year, one of your bonds matures, spreading out the distribution of income. 1
2 Laddering covered calls is a similar concept. Only, instead of smoothing fluctuations in interest rates, the idea is to even out variations in stock price. Each purchase made as the stock price declines will lower your cost basis, which lowers the bar to be able to close the position at a profit. And as you accumulate additional shares each month, you may be able to sell more calls - generating even more income. If you are called away above your cost basis, you close the position at a profit, and you can start the process again. If there are no calls available above your total cost basis, you may be able to sell calls against some of your lower-priced shares to still generate income. The Process You ll start the process like you would most covered-call strategies, but with one small twist. In the first month, you buy a stock, sell a covered call one strike above the price and sell a cash-secured put at the strike immediately below the price. Why sell the put? By selling the put, you get to collect a little extra income for the month. If the price increases above the call strike on expiration, your shares are called away and you keep the premium. If the price falls below the put strike, you automatically buy additional shares. The whole idea is to buy additional shares next month anyway (if your initial purchase isn t called away), so this merely automates the process and generates extra income. In subsequent months, if your position isn t called away, you will continue to buy shares and attempt to sell calls one strike above your average cost, but you usually won t sell a put (exceptions will be discussed later). Size Matters Because this is an income strategy, it s necessary to have sufficient capital allocated to each position to make the income worthwhile. We typically recommend that clients allocate at least $25,000 for each position, because: 1. You want to purchase a stock with an initial price that is high enough to trigger acceptable option premiums. You are more likely to get a higher option premium per share of a $25 stock than for a $5 stock. 2. Because you spread purchases over time, you want to make sure to have available cash to make future purchases. Whatever is not used to buy stock one month can instead earn some interest in a money market sweep account. Every little bit helps! 3. There comes a point when commissions take a bite out of your income. You have three transactions in the first month (buying a stock, selling a call and selling a put) and up to two transactions (buy stock and sell call) each subsequent month until the stock is called away. Each of these transactions triggers a commission, and those can add up. You want to generate enough income from the options to minimize the impact of these commissions. It s not always possible, of course, but a greater likelihood of doing so exists when you work with higher priced stock Stock Selection The objective in selection is income. You want to find stocks that can generate decent option premiums. That means you look for stocks that have high volatility and high open interest, along with a high enough initial price. However, don t play with fire: Reduce the chances of buying a stock whose company goes belly-up. Look for financial stability, using tools like bankruptcy predictors. Keep in mind that these predictors do not measure the risk of capital depreciation. What you don t try to predict is whether the stock will increase or decrease in the short term. If you get called away at more than your cost basis, just start over next month. If the stock price continues to fall, keep buying to lower your cost basis. Be willing to experience some unrealized losses in the short term with the goal of closing the position at a profit in the long term all the while attempting to generate income by selling options. An Example It s often better to show than it is to tell, so let s take a hypothetical example. In Figure 1, you open a position at $38 only to see the price drop significantly over the next few months. After six months, the price dropped 38 percent. But because you spread out purchases and continued to buy on the way down, the position s total cost basis declines less than 20 percent. Now it s time to sell calls to generate income. To decide how many to sell (and at which strike price), consider all of your share lots and the front-month option chain. Assume that because the stock s price has dropped so 2
3 far, there will not be any premium available at the strike price above your total cost basis. So instead of selling options to cover all six purchases, you leave some shares uncovered. In this example, you could sell two calls at $25, covering the previous two months purchases. By selling these calls, you do the following: generate income, limit the profit potential on the covered lots and leave unlimited upside on the uncovered shares. When the expiration arrives, you may have the shares called away, or if the options expire worthless, you can try to sell covered calls against your shares for the next month. Let s say the stock closes above $30 on expiration and the two covered lots are called away. The uncovered shares remain in the account with an unrealized loss. On the first trade day after expiration, you can buy an additional lot of shares at $31, which brings the total cost basis to $ Also you can sell calls over all five of the remaining purchases at $35 (See Figure 2). 3
4 In this example, you do not have to wait for the stock to return to its initial price in order to sell at a profit. If your shares are assigned at $35, you achieve an average of $1.20 per share in capital appreciation (plus all the income from option premiums over the preceding months). Precautions For this strategy to be effective, the rungs of the ladder need to be spaced far enough apart. If you buy too many shares at too close a price, you are not really smoothing potential price fluctuations. We typically advise clients to make no more than three purchases within a $5 range for most stocks, but you can shrink those ranges if the price falls below a certain point. If you have the maximum number of purchases in a certain range, you may want to sell a put at the closest strike price below the current price instead of buying additional shares. We figure that you would buy the shares anyway if the price were lower, so you can collect a little extra option income while waiting for the price to drop. If it does drop sufficiently, you buy the stock. If the option expires worthless, you still earn the income. Drawbacks The goal with laddering covered calls is to manage downside risk, but by no means does it eliminate risk. The stock s price could very well drop dramatically after a few purchases - extending the time the position remains open (you only want to close the position completely when it s above your total cost basis). When this happens, we advise that you try to sell calls on your lowest-priced shares whenever possible to generate some income. Sometimes that isn t possible, though, and there are times when the position cannot generate any income occasionally for several months. We can only say to be patient in these circumstances as stocks are generally cyclical, and what goes down often comes back up. Although not always - there is a chance that your stock s price may never rise above your cost basis, and your unrealized losses may not be offset by the Income you have been able to generate. Another risk of laddering covered calls is one that is common to all investments: the potential for the stock to stop trading for reasons such as bankruptcy or acquisition. Although you should screen for financial strength, you cannot completely eliminate the risk of a company bankruptcy, which can result in a permanent loss of all your monies invested in that position. And if a company is acquired, we often advise to sell at a loss and buy another position while keeping the cost basis of the previous position. This process can get complicated and is best left for a separate paper. Finally, you should prepare yourself to be in a position for the long haul. If you need to liquidate a position before it can close above its cost basis, you will experience a permanent loss of capital, and sometimes the loss will be greater than the total income you were able to generate from the options. Most of the positions we have tracked closed within a year, but some last as much as five or longer. So be prepared to hold positions even when the price seems to be heading south for the winter. And that s really the point of this strategy. The Bottom Line Since you are seeking income over the long term, you have to put on blinders when it comes to short-term account value. Price declines that cause many covered-call traders to abandon their positions often prove fruitful from an income-generating perspective. It s not foolproof, of course, but stepping down the ladder is a creative way to manage risk when trading covered calls. What to Look for Strategies using options to generate income can be as simple as selling covered calls, while others add strict rules and processes to manage income, emotion and risk. If you are looking to add an incomeproducing strategy using options, compare the risk/reward profiles of every strategy and pick one that matches your objectives, risk tolerance, time horizon and temperament. Some of the things to look for when evaluating options-based income strategies include: Ease of use. Some strategies require the investor to make detailed charts and issue guesses based on possible trends, while others offer a simpler, systematic approach that leaves no room for interpretation. Ability to do it yourself. Does the strategy give you the ability to implement yourself, in your own brokerage account, or do you have to let someone manage your account for you? What are the fees involved? Studies show investment success is more closely tied to low recurring investment costs than any other factor. Total transparency, which comes from managing your own portfolio, is the best way to guard against conflict of interest. 4
5 Time commitment. Will you need to constantly watch your stock holdings? Do you need to take action or review your account daily, or can you check in just once a month? Taking a more hands-on, time-intensive approach does not necessarily result in better performance. Studies show the opposite is often true. Focus on risk management. Does the strategy employ tools and techniques to limit your risk exposure? Remember your job is to manage and optimize the tradeoffs between risk and reward to make certain that every unit of risk produces the maximum benefit, that the risks are those you can most afford to take and the rewards are those that will be most beneficial. Make sure risk is handled with intention. Full disclosure. You should also remember that all investments have risk even U.S. Treasuries. Are those risks discussed in an understandable and forthright manner? If an investment is being presented as all upside and no downside, the person presenting it is not being honest. Run! Verifiable track record. Does the strategy have a reproducible result, or is it just a set of tools and suggestions with theoretical outcomes? Quality customer support. Who do you call when you have a question? Is there a team of advisors who can walk you through a process, or are you left to figure things out on your dedicated, licensed Snider Advisors Snider Advisors is a boutique State Registered Investment Advisor based in Dallas. TX Helping our clients become better investors has been priority number one since we opened our doors in September of The cornerstone of our business is the Snider Investment Method, a long-term investment strategy designed to produce monthly portfolio income. We manage approximately $70 million directly for clients. Each person on our staff is a licensed registered investment advisor representative, who is well-versed in the issues that surround today s investors and are experts in the Snider Investment Method. Snider Advisors considers personal financial management a life skill everyone should be taught. Our company was built on belief that a good financial education is the best way to avoid being taken advantage of. That s why, unlike other financial advisors, we combine financial education and coaching with the products and services we offer. The Snider Investment Method The Snider Method is our proprietary investment strategy, developed over more than a decade, for creating portfolio income at a higher rate than you can expect from cash equivalents, dividends or bonds. You can learn how use the Snider Method in your own portfolio or we can manage it for you. Financial Education Our personal finance courses cover what they should have taught you about personal finances...but didn t. Courses include retirement planning, the Snider Method workshop, insurance, estate planning, and more. We teach you the same strategies we use to manage our own money, our family s money, and our clients money. Asset Management Asset Management is the fee-only implementation of our investment strategy. We manage approximately $70 million directly for clients, using the Snider Investment Method and low-cost exchange traded funds (ETFs). The Fine Print The intent of this document is to help expand your financial education. Although the information included may be relevant to your particular situation, it is not meant to be personalized advice. When it comes to investing, insurance, and financial planning, it is important to speak to a professional and get advice that is tailored to your unique, individual situation. All investments involve risk including possible loss of principal. Investment objectives, risks, and other information are contained in the Snider Investment Method Owner's Manual; read and consider them carefully before investing. More information can be found on our website or by calling SNIDER. Past performance is not indicative of future results. Options involve risks and are not suitable for all investors. Before opening an option position, a person must receive a copy of Characteristics and Risks of Standardized Options. Copies of this document are available by calling SNIDER. Please read it carefully before investing. 5
The Synthetic Futures Position. Goal
The Synthetic Futures Position Goal To try to profit from a trending market using an option strategy that allows entry at a reduced cost while offering the same potential for unlimited profit (and loss)
More informationSNIDER
OWNER S MANUAL www.snideradvisors.com 1-888-6SNIDER I am delighted you are considering the Snider Investment Method. We wrote what we hope will be a plain-english guide to the Snider Investment Method
More informationCOMMON SENSE OPTION STRATEGIES FOR GENERATING PORTFOLIO INCOME
COMMON SENSE OPTION STRATEGIES FOR GENERATING PORTFOLIO INCOME DISCLAIMER The intent of this presentation is to help expand your financial education. Although the information included may be relevant to
More informationCOMMON SENSE OPTION STRATEGIES FOR GENERATING PORTFOLIO INCOME
COMMON SENSE OPTION STRATEGIES FOR GENERATING PORTFOLIO INCOME DISCLAIMER The intent of this presentation is to help expand your financial education. Although the information included may be relevant to
More informationOptions Strategies in a Neutral Market
Class: Options Strategies in a Neutral Market www.888options.com 1.888.678.4667 This document discusses exchange-traded options issued by The Options Clearing Corporation. No statement in this document
More informationCLIMBING THE MARKET WITH AN OPTION LADDER. SNIDER ADVISORS SNIDER
CLIMBING THE MARKET WITH AN OPTION LADDER SNIDER ADVISORS 888-6-SNIDER support@snideradvisors.com DISCLAIMER: The intent of this presentation is to help expand your financial education. Although the information
More information2015 Performance Report
2015 Performance Report Signals Site -> http://www.forexinvestinglive.com
More informationpresented by Thomas Wood MicroQuant SM Divergence Trading Workshop Day One Naked Trading Part 2
presented by Thomas Wood MicroQuant SM Divergence Trading Workshop Day One Naked Trading Part 2 Risk Disclaimer Trading or investing carries a high level of risk, and is not suitable for all persons. Before
More informationBecoming a Consistent Trader
presented by Thomas Wood MicroQuant SM Divergence Trading Workshop Day One Becoming a Consistent Trader Risk Disclaimer Trading or investing carries a high level of risk, and is not suitable for all persons.
More informationWhat s the best way for me to save for retirement?
What s the best way for me to save for retirement? The Barrow County School System Retirement Savings Plan The BCSS Retirement Savings Plan! As an employee of Barrow County School System, your retirement
More informationAs the size of the GorillaTrades portfolio increases, the Gorilla understands that not every new stock idea can be purchased.
Welcome to the GorillaTrades System tutorial. Feel free to learn at your own pace. You can pause anytime, and can also select different chapters. If you d prefer to read through the material yourself,
More information2015 Performance Report Forex End Of Day Signals Set & Forget Forex Signals
2015 Performance Report Forex End Of Day Signals Set & Forget Forex Signals Main Site -> http://www.forexinvestinglive.com
More informationDo I Really Need to Save for Retirement Now?
Do I Really Need to Save for Retirement Now? Retirement Savings Guide For PSERS Participants YES! Start Early. As an employee of Barrow County School System, your retirement plan has three parts: Part
More informationDon Fishback's ODDS Burning Fuse. Click Here for a printable PDF. INSTRUCTIONS and FREQUENTLY ASKED QUESTIONS
Don Fishback's ODDS Burning Fuse Click Here for a printable PDF INSTRUCTIONS and FREQUENTLY ASKED QUESTIONS In all the years that I've been teaching options trading and developing analysis services, I
More informationYOU ARE NOT ALONE Hello, my name is <name> and I m <title>.
So I know why you re here: I bet you ve got some questions about your money: what to do with it, how to make the most of it and how to hopefully get more of it. You ve got questions and the good news is
More informationDo I Really Need to Save for Retirement Now?
Do I Really Need to Save for Retirement Now? Retirement Savings Guide For TRS Participants YES! Start Early. As an employee of Barrow County School System, your retirement plan has three parts: Part 1:
More informationValueWalk Interview With Chris Abraham Of CVA Investment Management
ValueWalk Interview With Chris Abraham Of CVA Investment Management ValueWalk Interview With Chris Abraham Of CVA Investment Management Rupert Hargreaves: You run a unique, value-based options strategy
More informationGuide to Options Trading
Guide to Options Trading Easy Strategies that will Put You in the Money Fast By Jacob Mintz, Chief Analyst, Cabot Options Trader As a subscriber to Cabot Options Trader, I hope you will benefit from my
More informationChapter 6: The Art of Strategy Design In Practice
Chapter 6: The Art of Strategy Design In Practice Let's walk through the process of creating a strategy discussing the steps along the way. I think we should be able to develop a strategy using the up
More informationStakeholder Pension. The simple way to start a pension plan. Retirement Investments Insurance Health
Stakeholder Pension The simple way to start a pension plan Retirement Investments Insurance Health Introduction Any decision you make about investing for your future retirement needs careful consideration
More information2015 Performance Report
2015 Performance Report Signals Site -> http://www.forexinvestinglive.com
More information241 FOREX Trading Systems Built to Change and Adapt to the Trader
241 FOREX Trading Systems Built to Change and Adapt to the Trader 1 NOTICE Copyright 2005-2006 by 241Forex.com. All Rights Reserved No part of this publication may be reproduced, copied, stored in a retrieval
More informationYour life. Your future. Your options.
Your life. Your future. Your options. Whether by chance or by choice, you have options. Explore them with Empower Retirement. Corporate Retirement Plan Participant Brochure You want to retire someday or
More informationWhy You Should Invest in Stocks COPYRIGHTED MATERIAL
Why You Should Invest in Stocks COPYRIGHTED MATERIAL Lesson 101: Stocks Versus Other Investments Some regard private enterprise as if it were a predatory tiger to be shot. Others look upon it as a cow
More informationTailor made investment approach
WHAT DOES INVESTING MEAN? 03 GUIDE TO INVESTING - Tailor made investment approach 02 GUIDE TO INVESTING Contents WHAT DOES INVESTING MEAN? 3 UNDERSTANDING YOUR NEEDS AND REQUIREMENTS 5 UNDERSTANDING RISK
More informationpresented by Thomas Wood MicroQuant SM Divergence Trading Workshop Day One Black Gold
presented by Thomas Wood MicroQuant SM Divergence Trading Workshop Day One Black Gold Risk Disclaimer Trading or investing carries a high level of risk, and is not suitable for all persons. Before deciding
More informationPURPOSE OF AN INVERTED CREDIT SPREAD
1 PURPOSE OF AN INVERTED CREDIT SPREAD The purpose of an Inverted Credit Spread is to extend duration on an iron fly or iron condor in order to hold the trade longer, lower the trade basis and turn a losing
More informationTRADING ADDICTS. Lesson 1: Introduction to Covered Calls. Getting to Know the Basics. Copyright 2010, Trading Addicts, LLC. All Rights Reserved
Lesson 1: Introduction to Covered Calls Welcome to the Trading Addicts Covered Call tutorial. In this chapter, we will be introducing you to an in depth introduction to the Covered Call strategy, and the
More informationSIMPLE SCAN FOR STOCKS: FINDING BUY AND SELL SIGNALS
: The Simple Scan is The Wizard s easiest tool for investing in stocks. If you re new to investing or only have a little experience, the Simple Scan is ideal for you. This tutorial will cover how to find
More informationShort Selling Stocks For Large And Fast Profits. By Jack Carter
Short Selling Stocks For Large And Fast Profits By Jack Carter 2017 Disclaimer: No financial advice is given or implied. Publisher is not registered investment advisor or stockbroker. Information provided
More informationSyllabus. Part One: Earning and Spending Money
Syllabus In class this year you ll be a key member of an economic system, contributing as a producer, earner, investor, and consumer. You ll be earning and spending classroom dollars. This syllabus explains
More information2.0. Learning to Profit from Futures Trading with an Unfair Advantage! Income Generating Strategies Essential Trading Tips & Market Insights
2.0 Learning to Profit from Futures Trading with an Unfair Advantage! Income Generating Strategies Essential Trading Tips & Market Insights Income Generating Strategies Essential Trading Tips & Market
More informationRetires in. Bonnie plans to retire in She s somewhat concerned about fluctuating investment values, so you could call her a balanced investor.
Continuum risk-adjusted target date funds Investing in your retirement has never been easier with Continuum risk-adjusted target date funds. Think of risk-adjusted target date funds as a single-fund solution
More informationTHE NASDAQ-100 SIGNALS
THE NASDAQ-100 SIGNALS The NASDAQ-100 timing signals use a mix of traditional and proprietary technical analysis to create computerized Buy (Up) and Sell (Down) signals for the future direction of the
More informationTrading Essentials Framework Money Management & Trade Sizing
Trading Essentials Framework Money Management & Trade Sizing Module 9 Money Management & Trade Sizing By Todd Mitchell Copyright 2014 by Todd Mitchell All Rights Reserved This training program, or parts
More informationBINARY OPTIONS: A SMARTER WAY TO TRADE THE WORLD'S MARKETS NADEX.COM
BINARY OPTIONS: A SMARTER WAY TO TRADE THE WORLD'S MARKETS NADEX.COM CONTENTS To Be or Not To Be? That s a Binary Question Who Sets a Binary Option's Price? And How? Price Reflects Probability Actually,
More informationMonthly Treasurers Tasks
As a club treasurer, you ll have certain tasks you ll be performing each month to keep your clubs financial records. In tonights presentation, we ll cover the basics of how you should perform these. Monthly
More informationGUIDE TO RETIREMENT PLANNING MAKING THE MOST OF THE NEW PENSION RULES TO ENJOY FREEDOM AND CHOICE IN YOUR RETIREMENT
GUIDE TO RETIREMENT PLANNING MAKING THE MOST OF THE NEW PENSION RULES TO ENJOY FREEDOM AND CHOICE IN YOUR RETIREMENT FINANCIAL GUIDE Green Financial Advice is authorised and regulated by the Financial
More informationThe Neutral Market Strategy
The Neutral Market Strategy GOAL To make a profit selling options in a sideways-moving market. SUMMARY Experts estimate that markets typically trend roughly 30% of the time. The remaining 70% of the time
More informationYOUR pension. investment guide. It s YOUR journey It s YOUR choice. YOUR future YOUR way. November Picture yourself at retirement
YOUR pension YOUR future YOUR way November 2017 YOUR pension investment guide It s YOUR journey It s YOUR choice Picture yourself at retirement Understanding the investment basics Your investment choices
More informationCopyright by Profits Run, Inc. Published by: Profits Run, Inc Beck Rd Unit F1. Wixom, MI
DISCLAIMER: Stock, forex, futures, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or
More informationWe have seen extreme volatility for commodity futures recently. In fact, we could make a case that volatility has been increasing steadily since the original significant moves which began in 2005-06 for
More informationAdvice Access. Take the guesswork out of investing RETIREMENT & BENEFIT PLAN SERVICES
Advice Access Take the guesswork out of investing RETIREMENT & BENEFIT PLAN SERVICES The Advice Access service uses a probabilistic approach to determine the likelihood that you may be able to achieve
More informationForex Lines Tutorial of Forex Lines 2014 indicators.
Forex Lines 2014 Tutorial of Forex Lines 2014 indicators www.forex4live.com Forex Lines 2014 Tutorial We expected that many traders would be using extremely complicated systems, algorithms and indicators.
More information- My 4 Favorite Trades - Essential Trades of a Professional Trader
presented by Thomas Wood MicroQuant SM Divergence Trading Workshop Day One - My 4 Favorite Trades - Essential Trades of a Professional Trader Risk Disclaimer Trading or investing carries a high level of
More information1. Remortgaging: The Basics
Remortgage Guide There are many reasons why you might want to remortgage your home, but have been hesitant to do it. We ve created this remortgage guide to show you that remortgaging your home can actually
More informationStock Market Sell-Off! What Stock Market Sell-Off? PAGE 3. Stop Making Excuses And Start Saving PAGE 4. Hurricane IRMA Relief. Year End Strategies
Vol. 18 No. 4 OCTOBER 2017 NEWS Stock Market Sell-Off! What Stock Market Sell-Off? PAGE 3 Stop Making Excuses And Start Saving PAGE 4 Hurricane IRMA Relief PAGE 5 8 PA Year End Strategies PAGE 6 8 PA Table
More informationC y c l e C a n d l e s T r a d i n g W o r k s h o p
C y c l e C a n d l e s Trading Workshop Risk Disclaimer Trading or investing carries a high level of risk, and is not suitable for all persons. Before deciding to trade or invest you should carefully
More informationEntering Trades Using Trade Alerts Calls, Verticals Debit and Credit Spreads, Iron Condors and GTC Orders. By: Danielle
Entering Trades Using Trade Alerts Calls, Verticals Debit and Credit Spreads, Iron Condors and GTC Orders By: Danielle Danielle@SimplerTrading.com Learning New Strategies Even if you ve been trading options
More informationSeven Trading Mistakes to Say Goodbye To. By Mark Kelly KNISPO Solutions Inc.
Seven Trading Mistakes to Say Goodbye To By Mark Kelly KNISPO Solutions Inc. www.knispo.com Bob Proctor asks people this question - What do you want, what do you really want? In regards to stock trading,
More informationSMART PLANNING FOR SMART PEOPLE. guide to investing
SMART PLANNING FOR SMART PEOPLE guide to investing 2 GUIDE TO INVESTING 3 INTRODUCTION Contents What does investing mean? 4 Understanding your needs and requirements 6 Understanding risk 8 Spreading the
More informationCHOOSING YOUR INVESTMENTS. Research Corporation of the University of Hawai'i
CHOOSING YOUR INVESTMENTS Research Corporation of the University of Hawai'i FOR ASSISTANCE CONTACT US TODAY FOR MORE INFORMATION, ADVICE OR HELP OPENING AN ACCOUNT, IT S EASY TO REACH US: BY PHONE Call
More informationBuilding your Bond Portfolio From a bond fund to a laddered bond portfolio - by Richard Croft
Building your Bond Portfolio From a bond fund to a laddered bond portfolio - by Richard Croft The Laddered Approach Structuring a Laddered Portfolio Margin Trading The goal for most professional bond mutual
More informationHPLR Cash Machine. By A.J. Brown.
By A.J. Brown www.secretoftrading.com RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT Trading any financial market involves risk. This report and all and any of its contents are neither a solicitation
More informationAll the features you need to ramp up your forex profits, with none of the complexity.
Don t let the market take back what you have won! it? Want to trade with the market instead of against All the features you need to ramp up your forex profits, with none of the complexity. Are you an FX
More informationYour RSP Investment Options
Your RSP Investment Options DuPont Retirement Savings Plan When you participate in the DuPont Retirement Savings Plan (RSP), you need to decide how to invest your contributions. Your decision should take
More informationThe Value of Our Advisory Relationship SHORE WEALTH MANAGEMENT
The Value of Our Advisory Relationship SHORE WEALTH MANAGEMENT When you were younger, your financial needs were probably straightforward. Maybe you got a bonus from your employer and were looking to invest
More informationYOUR GUIDE TO GETTING STARTED
Virginia Mason Medical Center 401(a) Retirement Plan and VMMC 403(b) Retirement Savings Plan Pursue your retirement goals today, with help from the Virginia Mason Medical Center 401(a) Retirement Plan
More informationSwing Trading SMALL, MID & L ARGE CAPS STOCKS & OPTIONS
Swing Trading SMALL, MID & L ARGE CAPS STOCKS & OPTIONS Warrior Trading I m a full time trader and help run a live trading room where we trade in real time and teach people how to trade stocks. My primary
More informationwww.zacks.com/optionstrader Zacks Investment Research, Inc. 10 S. Riverside Plaza, Suite 1600 Chicago, Illinois 60606 Introduction Welcome Congratulations on getting started with the Options Trader. Did
More informationAn Orientation to Investment Club Record Keeping
An Orientation to Investment Club Record Keeping Treasurer Training Orientation to Investment Club Accounting Monthly Treasurer Tasks Non Monthly Treasurer Tasks This presentation is part of a three part
More informationRetirement Investments Insurance. Pensions. made simple TAKE CONTROL OF YOUR FUTURE
Retirement Investments Insurance Pensions made simple TAKE CONTROL OF YOUR FUTURE Contents First things first... 5 Why pensions are so important... 6 How a pension plan works... 8 A 20 year old needs to
More informationTradeOptionsWithMe.com
TradeOptionsWithMe.com 1 of 18 Option Trading Glossary This is the Glossary for important option trading terms. Some of these terms are rather easy and used extremely often, but some may even be new to
More informationvery High Probability High Risk/Reward Ratio Risk Management Capital Efficiency
First, I look for Stocks and ETF s (Exchange Trades Funds) to TRADE, this is different than a long term Buy and Hold investment strategy. The typical time that I hold each Stock or ETF is one month to
More informationInvestor questionnaire
Investor questionnaire COMPARE LEARN SAVE INVEST REVIEW What type of investor are you? As a member of a Marsh & McLennan Companies (UK) defined contribution (DC) pension arrangement, one of the most important
More informationNEED TO KNOW GUIDE TO INCOME DRAWDOWN. Understanding your options
NEED TO KNOW GUIDE TO INCOME DRAWDOWN Understanding your options CONTENTS P3 WHAT IS INCOME DRAWDOWN? P4 WHY CHOOSE INCOME DRAWDOWN? P6 FLEXIBLE DRAWDOWN P7 CONSIDERATIONS P9 IS DRAWDOWN RIGHT FOR YOU?
More informationPension Portfolio J26372_LF10207_0318.indd 1 05/03/18 6:39 am
Pension Portfolio could be the perfect home for your pension. It allows you to take full advantage of the pension freedoms. Pension Portfolio has two options - Core and Choice - which are designed to meet
More informationTRADING PSYCHOLOGY AND INVESTOR BEHAVIOR
c01.qxd 6/16/03 4:23 PM Page 1 1 TRADING PSYCHOLOGY AND INVESTOR BEHAVIOR The market price of a stock at any exchange never represents the company s fair value. The stock instead is trading either above
More informationForex Renko Charts FX Trading System
Forex Renko Charts FX Trading System Disclaimer FOREX trading, online foreign exchange trading, foreign currency trading and Forex options trading involves risk of loss and is not appropriate for all investors.
More informationGuide to Expert Options Trading Advanced Strategies that will Put You in the Money Fast. By Jacob Mintz, Chief Analyst, Cabot Options Trader Pro
Guide to Expert Options Trading Advanced Strategies that will Put You in the Money Fast By Jacob Mintz, Chief Analyst, Cabot Options Trader Pro As a subscriber to Cabot Options Trader Pro, I hope you will
More informationStandard Life Active Retirement For accessing your pension savings
Standard Life Active Retirement For accessing your pension savings Standard Life Active Retirement our ready-made investment solution that allows you to access your pension savings while still giving your
More informationDivergence and Momentum Trading
presented by Thomas Wood MicroQuant SM Divergence Trading Workshop Day One Divergence and Momentum Trading Risk Disclaimer Trading or investing carries a high level of risk, and is not suitable for all
More informationFind Private Lenders Now CHAPTER 10. At Last! How To. 114 Copyright 2010 Find Private Lenders Now, LLC All Rights Reserved
CHAPTER 10 At Last! How To Structure Your Deal 114 Copyright 2010 Find Private Lenders Now, LLC All Rights Reserved 1. Terms You will need to come up with a loan-to-value that will work for your business
More information2 GUIDE TO INVESTING
GUIDE TO INVESTING At Intrinsic our approach to investment advice is based on clearly understanding your financial situation, your goals, and how much risk you are prepared to take with your money. 2 GUIDE
More informationGuide to Retirement Plan Investing Basics
Guide to Retirement Plan Investing Basics WHAT S YOUR STRATEGY? Saving for retirement might be the most important thing you ever do with your money. When saving for retirement, you ll make some decisions
More informationBuyer's Guide To Fixed Deferred Annuities
Buyer's Guide To Fixed Deferred Annuities Prepared By The National Association of Insurance Commissioners The National Association of Insurance Commissioners is an association of state insurance regulatory
More informationMonthly Treasurers Tasks
As a club treasurer, you ll have certain tasks you ll be performing each month to keep your clubs financial records. In tonights presentation, we ll cover the basics of how you should perform these. Monthly
More informationThe Proven System For Your Debt Freedom
In the many life battles between you and your circumstances, those circumstances will surely unleash all their resources against you. The Proven System For Your Debt Freedom Are you going to sit idly by
More informationUnderstanding Investment Leverage
Understanding Investment Leverage Understanding Investment Leverage What is investment leverage? Each year, more and more Canadians are taking advantage of a simple yet powerful wealthcreation strategy
More informationInvestment. Guide. For AEMT Members
Investment Guide For AEMT Members June 2018 1 Contents Choose the right investments for you 3 What you should know about investments 4 Different types of investment 4 Risk Dealing with risk (diversification)
More informationUTC Employee Savings Plan Enrollment Guide
INVOLVED My Health My Wealth My Life UTC Employee Savings Plan Enrollment Guide 2011 Carrier Hamilton Sundstrand Otis Pratt & Whitney Sikorsky UTC Fire & Security UTC Power UTRC WHAT S INSIDE: WHY SAVE
More informationPRESENTS. COG Master Strategy. Trading Forex Using the Center Of Gravity Master Strategy. Wesley Govender
PRESENTS COG Master Strategy Trading Forex Using the Center Of Gravity Master Strategy Copyright 2013 by Old Tree Publishing CC, KZN, ZA Wesley Govender Reproduction or translation of any part of this
More informationRead slide / introduce seminar.
Read slide / introduce seminar. Introduce yourself as a Registered Representative of Voya Financial Partners or Voya Financial Advisers (as applicable). 1 Retirement Advisory Distribution and Tax Sheltered
More informationYOUR pension. investment guide. It s YOUR journey It s YOUR choice. YOUR future YOUR way. November Picture yourself at retirement
YOUR pension YOUR future YOUR way November 2016 YOUR pension investment guide It s YOUR journey It s YOUR choice Picture yourself at retirement Understanding the investment basics Your investment choices
More informationRatio Spread Strategy
Ratio Spread Strategy GOAL To defray part or all of the cost of trading a market with options by purchasing and selling options simultaneously in the same contract month. SUMMARY We purchase one option
More informationFOREX LEARNING BY MADIBA MALEBO
FOREX LEARNING BY MADIBA MALEBO INTRODUCTION TO TREND AND ANALYSIS TREND ANALYSIS. PEAKS AND TROUGHS. SPOTTING UPTRENDS. SPOTTING DOWNTRENDS. TAKING ADVANTAGE OF TRENDS. TAKING ADVANTAGE OF DOWNTREND.
More informationyou ll want to track how you re doing.
Investment Club Finances An Orientation for All Club Members For tonights topic, we re going to be discussing your club finances. It is very easy to do your club accounting using bivio but you need to
More informationAttrition & Cancellation
Attrition From time to time, an organization will find itself in the unenviable position of learning that the expected attendance for a meeting will fall short, causing contracted rooms to be left unused.
More informationCorrelation CHEAT SHEETS. By Jason Fielder
Correlation CHEAT SHEETS By Jason Fielder Fellow trader, By now, you've hopefully been watching my videos, and have a pretty good idea about what correlation trading is, and if you're anything like me,
More information50% 21%of those INVESTING FOR YOU: 5 CRITICAL QUESTIONS FOR EVERY INVESTOR ... More. than
INVESTING FOR YOU: 5 CRITICAL QUESTIONS FOR EVERY INVESTOR People spend a lot of time worrying about finding the best investment. They pick a bond, mutual fund or stock and then second-guess themselves
More informationTrading Essentials Framework Money Management & Trade Sizing 2.0
2.0 Money Management: The most critical aspect of your trading plan Money management represents the administrative side of your trading plan. It addresses the question of how best to use the capital available
More informationHow to Find and Qualify for the Best Loan for Your Business
How to Find and Qualify for the Best Loan for Your Business With so many business loans available to you these days, where do you get started? What loan product is right for you, and how do you qualify
More informationTax Loss Harvesting at Vanguard A Primer
Tax Loss Harvesting at Vanguard A Primer In June of this year, there was a period of time where stocks dropped for about 6 days straight. In fact, if you look carefully at the chart, there were similar
More informationForex Trading Strategy 10 pips by Rob Booker
Forex Trading Strategy 10 pips by Rob Booker Contributed by Rob Booker Sun, 09 Dec 2007 04:58:53 MST Currency trading can be like running away from the bear. Trading forex offers more opportunity for fast
More informationChoosing Your Investments
Choosing Your Investments Utica College FOR ASSISTANCE CONTACT US TODAY For more information, advice or help opening an account, it s easy to reach us: BY PHONE Call us at 800 TIAA-CREF (800 842-2273)
More informationWill You Be Ready for Retirement? Prepare With Your Employer s Retirement Plan
Will You Be Ready for Retirement? Prepare With Your Employer s Retirement Plan AMERICANCENTURY.COM/WORKPLACE Will You Be Ready for Retirement? I ll start in a couple of years. I have plenty of time. I
More informationWhat Works. Our time-tested approach to investing is very straightforward. And we re ready to make it work for you. Three important steps.
What Works Our time-tested approach to investing is very straightforward. And we re ready to make it work for you. Three important steps. Ten effective principles. Three important steps. Ten effective
More informationBuilding Your Future. with the Kohl s 401(k) Savings Plan. Kohl s supports planning for your financial future with increased confidence.
Building Your Future with the Kohl s 401(k) Savings Plan Kohl s supports planning for your financial future with increased confidence. FINANCIAL Me? Save for Retirement? YES. THE MOST IMPORTANT REASON
More information