Since you’re reading this page right now, I can be fairly certain that you have a keen interest in futures options trading. Whether you are a beginner aspiring to get started, or someone who has a fair bit of experience in trading… I’m sure you would have noticed one thing when it comes to finding good, reliable sources of information on trading options.
I really don’t mean to be blunt, but quite frankly I’m tired of watching others get ripped off. As a matter of fact, I was ripped off myself a couple of times before I managed to wade through all the misinformation there is on this subject.
For example, since I started trading commodity options more than a decade ago, I have (at times out of desperation) purchased option systems and subscribed to newsletters that were WAY overpriced. To make things worse, these "systems" lacked a unique trading style and were simply rehashing common information… over and over again!
At one point in time, I spent $250 a month on a newsletter that taught me how to spot 90% winners based on probability alone. It’s not a bad strategy. In fact probability trading in the options market is a great strategy, if done correctly, but the problem is you didn’t need his service.
You can look at the Delta of an option to figure out the probability of the trade. Too high a monthly charge and too simple a strategy.
Currently there are option newsletters on the Internet priced at $100 – $200 per month with the same old Delta Neutral, Credit Spread type of trading.
You probably are facing the same problem. Too many people trying to offer you their advice, and trying to get you to pay for their advice… But who should you trust?