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US - Options

Hi Punter,

Any new recommendations from you? I'm previously from Clement Chiang's class also, and most of our batch didn't fare very well. Yes, the idea of handholding is good for newbie like us. Eventhough Clemen provide email support, but no way is answering all our trading problems.. we just receive successful trades only, I believe there should be more failure that successful ones..

I have never heard of iEi Consultant before? Never seen any advertisement from it as well, if i'm not wrong. Judging from what you explain, he must be a local person.

 

Hi jong, the course i'd attended is quite comprehensive.  There's a 2-days course that covers the strategies of which some are really unique/ devised by my mentor personally (yes!!! that's the main strategy giving me my consistent 7 to 15% monthly!!!).  Then, there's a 1-day Technical Analysis on US stocks that covers all the key technical/chart studies.  Most importantly, my mentor shared with us graciously on his indicators settings that cannot be found in textbooks.  What is most impressive to me personally is the handholding sessions as part of the course.  Unlike most trading schools out there, my mentor guide me through the practical sessions after the theory part & that also incl. helping me to setup my account, configure my chart settings etc etc, plus showing me the real trades he executes based on his teachings.  The avenue u'd learnt from doesn't has this service as far as i know & worst, they charge for the handholdings rite? Anyway, if you're keen, can drop me a private mail - adamlimtc@yahoo.com.sg and i can share wif u more..... cheers!

 

hi Punter,

Can you give more information? what 's the min capital needed? where you learn? how much the course, etc? Thanks.

 

I learned from the chief trainer of iEi Consultants.  Conservative returns from 7 to 15% on a monthly basis.... That's why I Luv Options :-)

 

Hi Punter,

is it? who taught you ? what method? normally how much you earned?

 

Hi Jong, Ha... that Dr C! How is your trading so far? Hope you are among the extremely few lucky fellows that are making money with his strategies. I consider myself quite lucky to have followed a mentor that has equipped me with strategies that consistently making $$$.

 

Hi Punter,

Thanks your information. i learn my option thru freely - Dr. Chiang. how about you?

 

there are few others like option express, power options etc etc.... higher commission thou.... where did u learn ur options skills btw?

 

Hi Punter77, thanks your info. May i know 10K is us currency or sg dollar? any other platform with lower min deposit?

 

hi jong79, Interactive Brokers would be a good platform for low commission charge (75cts), min sum for acct opening is 10k.....

 

Hi All,

Can anyone recommend nice platform to trade US option? what is the commission charge, any minimum deposit needed? thanks u very much..

 

any option traders out there? Citigroup has broken out of the bearish line and moving towards it's first resistance @ 22.50, and spearheading towards 27.50 should that resistance be broken.... Based on my vested 0.90cts CALL, i'll hit my 90% profit upon 22.50.... hmm, ll see the chart/trend to decide whether to take profit by then or wait for breakthru towards 27.50 to take more than 300% profit :-)

 

Citigroup has closed above the support 20.22 level on Fri..... Looking good for a nice uptrend on Mon aldy.... 

 

Does anyone know of any Singapore brokers or finance houses where I can trade US & Sing options? 

iluvmilk      ( Date: 13-Jun-2008 13:54) Posted: yes, im trading US options. last night at US MKT early gained neutralized in the 2nd half of trading.. we will see tonight the market movement after CPI report.. Bro Punter77, nice article for your C: http://www.smartmoney.com/contrarian/index.cfm?story=20080507-options-citigroup-volatility Punter77      ( Date: 12-Jun-2008 21:44) Posted: good news:- JP Morgan upgraded the financial sector today..... Citigroup is in optimal position to bounce up/// I'll take profit @ 300%..... iluvmilk, u trade US equities/ options as well?

 

yes, im trading US options. last night at US MKT early gained neutralized in the 2nd half of trading.. we will see tonight the market movement after CPI report..

Bro Punter77, nice article for your C:

http://www.smartmoney.com/contrarian/index.cfm?story=20080507-options-citigroup-volatility

Punter77      ( Date: 12-Jun-2008 21:44) Posted: good news:- JP Morgan upgraded the financial sector today..... Citigroup is in optimal position to bounce up/// I'll take profit @ 300%..... iluvmilk, u trade US equities/ options as well?

 

good news:- JP Morgan upgraded the financial sector today..... Citigroup is in optimal position to bounce up/// I'll take profit @ 300%.....

iluvmilk, u trade US equities/ options as well?

 

 

Hi Punter77, any trading lobang for today?   

Punter77      ( Date: 11-Jun-2008 09:38) Posted: Hi, I'm specialised in US stocks options and like to share a (tip of the day) with you.  For those of you who're keen with US stocks, now is the right opportunity to enter Citigroup for $20.xx.  Based on charting, this seems a v. strong support line whilst 18.xx is its all time low.  However, i dun foresee Citigroup to drop to that level and beyond for such a strong fundamental finance institute.  To keep your risk at the lowest whilst ensuring maximum profitability, you may (i strongly suggest) go for options strategy instead.  That's all for today.  Enjoy winning $$$ for your holiday trip.

 

Hi Hulumas, you may not want to touch it  but i think should not avoid it :D understanding the market movement can be quiet interesting and bring you more information on US financial services sector in any market condition.. and best part about option:  upz and downs.. doesnt matter.. will always have a winning trade both ways.. just my 2 cents worth..

Hulumas      ( Date: 11-Jun-2008 09:48) Posted: I am afraid. I dare not touch and avoid investing US financial services sector at least another quarter. Punter77      ( Date: 11-Jun-2008 09:38) Posted: Hi, I'm specialised in US stocks options and like to share a (tip of the day) with you.  For those of you who're keen with US stocks, now is the right opportunity to enter Citigroup for $20.xx.  Based on charting, this seems a v. strong support line whilst 18.xx is its all time low.  However, i dun foresee Citigroup to drop to that level and beyond for such a strong fundamental finance institute.  To keep your risk at the lowest whilst ensuring maximum profitability, you may (i strongly suggest) go for options strategy instead.  That's all for today.  Enjoy winning $$$ for your holiday trip.

 

There are various options house out there (option express, think or swim, interactive brokers etc etc)..... My commission charges are 75cts per contract.  Ridiculously low compared to Singapore brokerage charges. 

 

Which online broker u used to trade options? What are the comm. charges? 

Punter77      ( Date: 12-Jun-2008 00:48) Posted: Hi vinzsj, u're right that there're still two different school of thoughts wrt the outlook on financial sector.  Whilst u've attempted to share with everyone on the fundamental aspect of it which we can't control (only big institutions can), i'm looking at the opportunity purely from the technical analysis aspect.  In fact, tonight drop in Citigroup stock price could caused worry for some.  However, i'm waiting for the right opportunity to enter again should it drops to 18.50, which is it's all time low supporting level.  There's of course a potential downside 61% risk if the support level is broken but i can't really foresee Citigroup being such a strong financial institute dropping its stock price to $10/-.  Imagine what ll happen to DBS if it does.......  In any case, i'm not too worry also as i'm limiting my risk to the lowest.  Bought $25 CALL Option for only 90cts (=$90).  At most i'll lose $90 (which i'm confident i wont) but should Citigroup rebounces up to $25 in the next few months (my own prediction/trend analysis), i'll easily collect $3 profit (=$300).  That's an amazing 300% profit for me.  cheers 8)