Robo para opções binarias iq option 2020
Every received complaint is handled with utmost care, attention and in full discretion. You can submit all your complaints, free of any charge. by email to email protected by post to Yiannis Nicolaides Business Center, 33 Agiou Athanasiou Avenue, 4102, Agios Athanasios, Limassol, Cyprus. Your complaint or grievance will be handled immediately and will be followed up on in due course. Check their full Complaints Policy on details on the Complaints Form and the filling the complaint procedure.
During our IQ Option review we have received no complaints regarding this brokerso we can confidently say that IQ Option is not a scam. South African investors can trade in peace knowing that they are trading with one of the most famous, regulated and licensed brokers worldwide. IQ Option Compliance Team will examine all the facts and conduct a thorough investigation, resulting in a mandatory conclusion. Withdrawal and Deposit Experience with a safe broker. Many traders know that the process of withdrawal is commonly a frustrating and long procedure.
Some brokers, especially unlicensed companies, do not ever allow users to withdraw their money, which is part of the scam. IQ Option is one of the only brokers that allows users to begin trading with only 10. They do not call you 20 times to suggest you to deposit 1,000 and offer to trade on your behalf. In essence they do not lie and scam on the phone when you signup. You will have your own time and space to get started.
Low IQ Option minimum deposit in South Africa of 10 is not only rare to find, but speaks deeper into what IQ Option s priorities really are. You can also withdraw your winnings using the Skrill withdrawal to bank account South Africa as a popular withdrawal method for South Africans. You can also find other non-scam brokers such as binary. com minimum deposit of 5. They want to make binary option trading easily accessible to anyone and even offer a free binary options demo account which allows all South African users to practice before investing any money.
This means you can practice on the IQ Option platform for free. They also have several video tutorials available you can use to understand the process. What to expect from a scam broker. Scam brokers never allow users to begin trading with such low minimum deposits and often ask for outrageous sums to only access their platform. This is because their main goal is to scam people into giving money which they never see again. Their websites have little or close to no information on the company operating the brokerage.
Scam broker usually hides their Terms and Conditions or has none made public. None of the corporate policies we listed in this article exists, or if they do, they are hidden from the traders, and applied to the scam brokers advantage in case you should file a complaint or try to investigate any relevant fact. You can actually expect all sorts of lack of transparency, vagueness, lack of open and straightforward communication and lack of support.
You can expect a rat race in withdrawals. Most certainly you can expect super-swift deposit processing, as that is the purpose of their business model. IQ Option a Scam. The conclusion is that that IQ Option is not a scam, but one of the best brokers for traders in South Africa and the entire African continent. We have no reasons to question the legitimacy of IQ Option and to everyone who asked Is IQ Option a Scam.
We can say no. We do not promote or encourage people to trade on scam broker platforms. In addition, they have a fast-growing online trading platform that caters to absolutely anyone. Don t believe us. Let the numbers speak for themselves. IQ Option is home to more than 20 million active traders worldwide. Their platform processes around 3 million transactions per day, while the money withdrawn by traders every month has risen from 500,000 in 2014 to 9.
7 million by the end of 2019. The IQ Option trading platform does not work with any 3rd party binary options robot and not even the best binary robots can compare themselves with IQoption. We saw a few years ago that IQ option wanted to ride the wave of binary robots with their IQ Option Robot but it was quickly decided to close it down again.
We believe it was due to regulatory reasons and issues with traders essentially betting against the house based on the house robots. No one can deny the sparkling reputation IQ Option has built throughout the years as one of the best binary trading brokers. IQ Option is an award-winning broker that is fully regulated, transparent and prioritizes trader s safety above all else. They are considered one of the top and safest brokers for everyone trading binary options South Africa. Now even though a broker s reputation is not an immediate indicator that the company is really trustworthy, IQ Option continues to prove its excellent reputation every day.
Next in line of the valuable documents is the IQ Option Payments Policy a document that contains provisions on the most desired aspects of binary trading the payouts. Payouts mean profits, or very simple you traded well and there is a positive balance on your trading account that you can withdraw. All your questions regarding how to deposit, what is the procedure, what payment methods are allowed, how does withdrawal works, how long does it take, what fees are applied all and much much more is detailed in the Payment Policy document.
If there is anything that you might have doubts about or not sure if you understand properly, make sure to contact IQ Option Customer support for a swift helping hand. They are glad to help you grasp all the information, regardless if you are already a client or not. IQ Option Cashback Policy. Every trader that deposits, can enjoy the benefits of Iqoption Robo para opções binarias iq option 2020 Caps a handy safety pin for your potential, and given the risky binary options trading nature, very probable losses.
This broker does not only care for your data protection, but also cares about your loss protection. Make sure to check just how Cashback Policy applies to your account, if you decide to register one. The years we offered live support on this site never once did we receive a complaint about IQ Option. Every relevant document is made public and with a clear purpose transparency and safety, on both ends the broker s and the trader s side. Scam brokers, on the other hand, tend to have vague sites with no real information about how they work and whether they comply with any rules.
Location Data such as residency country, time zone, and the interface language. Also, scam brokers usually do not have a dedicated Customer support service perhaps an email address that is rarely checked, if at all. Italy is one of the founding members of the EU and the third-largest economy in the eurozone. But in recent years Euroscepticism has been on the rise, as discontent about a deep recession, weak recovery and the migration crisis on the countryвЂ s southern shores grows.
Here the FT looks at the rules, the main contenders and the possible outcomes of this pivotal vote. The electoral system. Italy elections 2018 polls who is running and why it matters. Forza Italia s Silvio Berlusconi lthe PD s Matteo Renzi C and Five Star s Luigi Di Maio В FT montage. The most recent was in 2017, when lawmakers agreed on the current вЂњRosatellumвЂќ system вЂ named after Ettore Rosato, an MP from the ruling centre-left Democratic Party, who authored the law.
Some 37 per cent вЂ 232 in the lower house and 116 in the upper house вЂ will be elected in single-member constituencies under a first-past-the-post system. Parties must win 3 per cent of the national vote to gain a share of the proportional seats, a measure designed to reduce fragmentation. If they are allied to a larger coalition partner, votes for parties that earn between 1 and 3 per cent are transferred to the stronger party. The Rosatellum was the product of a quick compromise in parliament last year.
But because of the first-past-the-post component it seemed tailor-made to hurt the anti-establishment Five Star Movement. Italians living abroad will elect 2 per cent вЂ 12 seats in the lower house and six in the upper house. Five Star is against forming coalitions and lacks both a deep penetration at local level and experienced candidates.
The centre-right opposition stands to benefit, since it has managed to form a coalition. This includes the Forza Italia party led by former prime minister Silvio Berlusconi, the anti-euro Northern League and the rightwing Brothers of Italy. The Northern League, in particular, has strong local roots in the prosperous north.
With votes nearly evenly split among three groups вЂ the centre-right, centre-left and Five-Star вЂ the result could be a hung parliament. This means 61 per cent of the seats вЂ 386 in the lower house and 193 in the upper house вЂ will be awarded by national proportional representation. ItalyвЂ s electoral system is not enshrined in the constitution, and parliament has made three big changes to the rules over the past 25 years. The rules, contenders and possible outcomes of a vote pivotal to the fate of the EU.
But political scientists say that if one of the groups reaches more than 40 per cent of the votes in the proportional system, it could also gain more than 65 per cent of the seats in the first-past-the-post component and, conceivably, a majority in parliament. That is the big prize. The parties. Democratic Party. The centre-left Democratic Party PD forms the backbone of the governing coalition led by Paolo Gentiloni, prime minister.
Matteo Renzi, the former prime minister, was re-elected as the partyвЂ s leader under a reformist agenda in April 2017. When he became prime minister in 2014, Mr Renzi was able to reinvigorate the PD on the back of his charisma and vigour. But polls now show it trailing the centre-right coalition and Five Star. PD traditionally supports pro-European policies and the social integration of immigrants. It has been in power since 2013, a period largely associated with economic recovery and employment expansion, though many Italians have not felt the benefits.
Five Star Movement. It was created by comedian Beppe Grillo and the late internet consultant Gianroberto Casaleggio вЂ who has been succeeded by his son Davide Casaleggio вЂ with a platform involving direct democracy, the green economy and a fight against corruption. Its prime ministerial candidate is Luigi Di Maio. The movement has since been in the spotlight because of internal divisions, lack of experience and its mismanagement in Rome, where it holds the mayorship.
Forza Italia. Mr BerlusconiвЂ s centre-right party, Forza Italia FI has dominated the countryвЂ s politics since its entry on to the scene in 1994, when the media mogul first ran for office. Even when it was in opposition вЂ between 1996 and 2001 and again between 2006 and 2008 вЂ it was the main conservative political force in Italy. The height of the partyвЂ s power was in 2008, when Mr Berlusconi was re-elected as prime minister for a third time.
But its support dropped to 15 per cent after Mr Berlusconi was forced to resign as prime minister in November 2011 over personal legal and sex scandals and the mismanagement of ItalyвЂ s debt crisis. Although Mr Berlusconi, who is now 81 years old, is banned from public office because of a tax fraud conviction, he is nonetheless leading his partyвЂ s campaign and may be a key powerbroker after the vote.
The centre-rightвЂ s resurgence was apparent in municipal and regional elections in 2017, when it captured control of the robo para opções binarias iq option 2020 of Genoa and the governorship of Sicily. Northern League. The Northern League LN is a Eurosceptic, anti-immigrant party based in the countryвЂ s north. Although its main cause used to be fiscal federalism вЂ and even secession вЂ from Rome, it has now veered towards a more traditional hard-right nationalist agenda along the lines of FranceвЂ s National Front.
It was a marginal part of the centre-right coalition in the last general election but it can now boost a similar support base to Forza Italia. Free and Equal. After Mr Renzi and the PD lost a constitutional referendum in 2016, a group of leftwing dissidents вЂ including veterans such as Massimo DвЂ Alema and Pier Luigi Bersani вЂ defected and formed a new political force.
Its support in the opinion polls has increased in the past three years on the back of rising anti-immigration sentiment following the Italian migration crisis. This evolved into Free and Equal LeUled by former anti-Mafia prosecutor and Senate president Pietro Grasso. Its goal is to capture the votes of disillusioned leftwing Italians who believe the PD is too centrist and dislike Mr RenziвЂ s leadership style. Italians head to the polls on March 4 in the next big EU election that could help determine the fate of the bloc.
It is stronger in the centre of the country and among older people and those with a higher education. Five Star M5S first took part in a general election in 2013, when it won 25 per cent of the vote and established itself as key power in Italian politics. Brothers of Italy. But by running separately from the PD, the party is opening itself up to the criticism that it is paving the way for a centre-right or Five Star victory.
The name of the party mirrors that of ItalyвЂ s national anthem and its manifesto is laden with nativist policies against immigration and globalisation. Brothers of Italy FdI is a nationalist-conservative party led by Giorgia Meloni, the Rome native and party leader who served as a minister in a previous Berlusconi-led government. Brothers of Italy is a descendant of the Italian Social Movement, which inherited the role of the defunct Italian fascist party in postwar Italy.
Potential outcomes. According to the latest seat allocation projections, no party or coalition will be achieve a majority вЂ at least 316 seats. Among the possible coalitions, based on current polling, are. A grand coalition. Centre-left and centre-right. This would be the broadest possible grand coalition, which could involve a technocratic government directed by Sergio Mattarella, the president, in the interests of maintaining stability.
But in reality any grand coalition is likely to be much narrower, with parts of the centre-right вЂ especially the Northern League and Brothers of Italy вЂ and the centre-left вЂ particularly leftwing factions of the PD вЂ splintering off. This has led many political scientists to question whether the numbers will add up for a workable grand coalition after the vote.
An anti-euro government. Five Star Movement, Northern League and Brothers of Italy. The most destabilising scenario for the EU would be a strong performance by Five Star, with the movement then seeking partners to form a government based on questioning the euro, reviewing Nato membership and adopting a hardline stance on immigration. But there are a wide range of views on each of these subjects even within the anti-establishment parties, so it is far from clear they could find common ground.
The most likely outcome is a very weak and unstable grand coalition вЂ or even a minority government вЂ with lawmakers switching sides and allegiances based on individual votes in parliament. New elections. If efforts to form a government fail repeatedly after the vote, Mr Mattarella may be forced to call new elections, prolonging the countryвЂ s political uncertainty вЂ a scenario close to that experienced in Spain in recent years. At each point in time, the FT poll-of-polls takes the average of all polls published within the last month.
The average of their results is weighted to give more recent polls greater influence on the net score. Its Business As Usual for Online Schools iQ Academy California-Los Angeles is Ready for the New School Year. According to one survey, 2 3 of parents support keeping brick and mortar schools closed until there is no risk. In the face of a global pandemic, and uncertain school openings, the new school year has been a constant worry for families throughout Los Angeles and surrounding areas.
In the middle of all this confusion, iQ Academy California-Los Angeles iQLAa tuition-free online public-school serving students in grades K-12 throughout the state, begins their school year Thursday, August 20, and provides students with the opportunity to reach their academic goals, while planning for the future, and all in an alternative education setting. iQLA gives students a personalized learning experience and offers opportunities for credit recovery, which enables students to concentrate on courses in a condensed schedule to help students get back on track and graduate high school on time.
iQLA students are offered a full course load from state-licensed teachers, in the core subjects of math, science, history and English language arts, as well as world languages, music and art. Students in LA and surrounding counties need to know there s a place where they can still work to move their lives forward, said iQLA Head of School, Nick Stecken.
Electives are available to high school students, offering exposure to academic and career-focused content as they work towards their high school diploma and chart a course to a successful future. iQLA s online platform gives students the opportunity to pursue their academic goals in a supportive environment and at an appropriate pace for their learning style. To learn more about iQLA s programs, scheduling, and enrollment, visit losangeles. About iQ Academy California Los Angeles.
iQ Academy California-Los Angeles iQLA is a full-time online public charter school authorized by the Rowland Unified School District. Students choose online school for a variety of reasons including advanced learning, a bullying-free environment, and the ability to support extracurricular pursuits or medical needs. Between our recovery programs and our educational continuity, Southern California students have options here they re just not going to get at most places.
NYSE LRNthe nation s leading provider of K-12 proprietary curriculum and online education programs. California-credentialed teachers deliver lessons in an online classroom platform provided by K12 Inc. iQLA is available to students in kindergarten through 12th grade who reside in Kern, Los Angeles, Orange, San Bernardino and Ventura counties. For more information about iQLA, visit losangeles. Media Contact Ken Schwartz. Senior Manager, Communications.
Share 0 Tweet LinkedIn Pin 0. Manufacturing and Process Control Sensors, Relays and Software Markets 2019-2025 - ResearchAndMarkets. THE MARKET BUZZ. Please visit us on a daily basis to stay up to date with Latest Buzz in Financial and Economic News. Jenner Block. English. Practice Groups. Overview My Service My Library. Class Action Consumer Law Financial Services Litigation International Arbitration Japan Practice Litigation Markets and Trading Securities Litigation and Enforcement.
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Suskin is a litigator with substantial first-chair experience in civil and criminal securities matters. He is co-chair of the firm s Securities Litigation and Enforcement Practice and the Class Action Practice. Individuals and businesses seek his counsel in such matters as class actions alleging securities fraud and misrepresentation claims, derivative actions claiming breach of fiduciary duty, contests for corporate control, shareholder demands for corporate books and records under Delaware General Corporate Law Section 220 and other similar state statutes, insider trading investigations and broker-dealer disputes.
Suskin also counsels and represents clients regarding securities administrative and self-regulatory organization investigations and proceedings and in arbitrations. Members of the Leading Lawyers Network have consistently recognized Mr. Suskin s work in several areas including class actions, commercial litigation, alternative dispute resolution, and securities and venture financing law.
He has been named one of the Best Lawyers in America for commercial litigation. Illinois Super Lawyers named him a Top 100 Illinois Super Lawyer nine times since 2007 and a Top 10 Super Lawyer in 2015. In 2010, he received the firm s inaugural Associate Committee Mentorship Award. He has served on the firm s Management Committee and currently serves on the Associate Development and Evaluation and Diversity Inclusion Committees. Ranked Band 2 in Securities Litigation IL by Chambers USAMr. Suskin is recognized as a well-regarded securities litigator who defends against class and derivative actions.
He displays impeccable judgment and remains perennially unflappable, and is a great source of legal and strategic comfort, notes a client to Chambers researchers. Suskin has published articles and spoken extensively on issues relating to class actions and securities law. He is a member of the Advisory Board of Board IQa Financial Times publication, has served on the Securities Editorial Board of Law 360 and serves on the faculty of Practising Law Institute.
Suskin is an active member of the ABA Securities Law Committee, including serving as co-chair of the Class and Derivative Actions Subcommittee. He serves as the Chicago Bar Association s General Counsel and is a member of its Judicial Evaluation Committee. He also serves as an arbitrator for the American Arbitration Association and for securities self-regulatory organizations robo para opções binarias iq option 2020 FINRA, Chicago Board Options Exchange and the National Futures Association.
Representative Cases. Zalmanoff v. 609, 2019 Del. 2019 affirming motion to dismiss putative shareholder class action with prejudice Errol Brown v. InnerWorkings, Inc. 8 18-cv-00832-CJC-KES C. 2019 granting motion to dismiss putative shareholder class action with prejudice City of Tamarac Firefighters Pension Trust Fund v. Carolyn Corvi, et al. 2017-0341-AGB Del. 2019 granting motion to dismiss putative shareholder derivative action with prejudice Green v.
MorningstarNo 17-CV-05652 N. 17-2200 3rd Cir. 2018 affirming motion to dismiss putative shareholder class action with prejudice In re Merge Healthcare Securities Litigation2017 WL 395981 Del. 2017 granting motion to dismiss putative shareholder class action with prejudice Hazen v. 2019 granting motion to dismiss putative investor class action with prejudice In re Hertz Global Holdings Inc.
Merge HealthcareNo. 2015 CH 12090 Cook County, IL 2017 granting motion to dismiss putative shareholder class action with prejudice In re Force Protection Shareholder LitigationNo. A-11-651336 Clark Cty, Nev. Anixter InternationalNo. 2012 granting motion to dismiss putative shareholder class action with prejudice Prissert v.
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Karen The Supertrader. June 2016 UPDATE Turns out Karen is under investigation by the SEC. Read the details here. Original article below. Karen the Super Trader has gained some recent fame in the options world, as she generated outsized returns using a simple trading strategy. She has been featured on Tasty Trade twice robo para opções binarias iq option 2020 quite a few people have asked me about her recently.
Her two interviews on Tasty Trade have had a combined 812,000 views on You Tube. The two videos are embedded at the bottom of this post. Karen initially started with a relatively small investment pool and turned that capital into hundreds of millions of dollars. Her strategy entails collecting income from the options market but the risks she takes are substantial.
She started with 100,000 dollars which is still a sizeable amount of capital to start with. She doubled that money relatively quickly and was able to attract capital as she continued to double her returns. She professes to currently manage 190 million dollars, after making nearly 105 million in profits. Karen only trades options and started focusing on more than 30 underlying assets, which generally included stock indices. She currently only trades three indexes which include the S P 500 index SPXthe Nasdaq 100 NDX and the Russell 2000 RUS.
Karen currently has two funds. The second fund was created for clients as all of the profits of the first fund go directly into her charity. Karen the Super Trader earns her income from selling options. She would still be regarded as a retail trader even though her capital is substantial. She uses the Think or Swim platform and looks for 12 out of the money puts and 10 out of the money calls that are rich in implied volatility to earn time decay which is also known as theta.
Time decay is calculated by dividing the premium by the number of days left before the expiration of the option. The main premise of her strategy is to sell in to strength sell naked calls on up moves and buy into weakness sell naked puts on down moves. It strikes me that if the position continues to move against her, she continues to add to the position, taking on more and more risk. This is a tough strategy and losses pile up at an exponential rate.
She has a large amount of capital behind her and can theoretically continue to double down as the market moves against her. While it is a valid albeit risky strategy, she must had some pretty giant sized cojones to be risking 190 million. Naked calls and puts can have their place in your portfolio but for the average retail trader with 100K or less in their account, it would be very difficult to replicate Karen.
The risk of blowing out your account is pretty high. Remember the market can stay irrational longer than you can stay solvent. Karen uses Bollinger Bands which is a technical tool to find specific strike prices that are unlikely to be reached based on the current market environment. Bollinger bands are an indicator that shows 2-standard deviations around a 20-day moving average. By using this tool, Karen can find strike prices that are unlikely to be reached, to place trades that are approximately 56 days to expiration.
Another tool Karen uses is charting implied volatility. She uses charts to measure the VXX and OTM volatility charts to find levels when implied volatility is rich or cheap. The technique Karen uses to mitigate risk is avoiding her Lick Net Liquidating Value. The lick is applied to premium-paid upfront options cleared by an exchange. Karen strategy is very risky as implied volatility can rise and markets can accelerate wiping out huge amounts of capital generating significant margin calls.
A margin call is an amount of capital that will be required by the exchange to hold onto current positions. If the margin call is not made by an investor the position will be liquidated by the exchange involuntarily. Karen also experiences large swings in returns, with losses of more than 4 within a month, but the upside returns have been much greater than the adverse returns. Karen is very matter of fact about her business.
She sees the returns as numbers but does not take trading personally. She has a strong trader mindset and seems confident in her style. Is Karen A Fraud. There have been some people who think Karen is a fraud. The skeptic in me wonders how genuine they are. Her results are amazing. The romantic in me wants to believe. Karen s strategy is also short gamma which means as the market moves against her, the positions become worse at a greater rate. It s every traders dream to turn a small account into a multi-million dollar account.
Watch Karen the Supertrader on Tasty Trade. I really have no idea how that is possible. We re talking that my short Put usually would yield between 1. 5 of the margin required. Unless she has some special deal with TOS and is required less margin than usual. 20 probability to be in the money by expiration yields 470 dollars but the reduction ins your buying power is almost 21 thousand dollars. For example selling the October SPX 1485 Put right now 10. So yes about 2 return.
And that return is only in that one position. In order to achieve that return over the whole portfolio she would need to put that trade using all the capital, or several trades like that one, but in the end the idea is the same, marginalizing all your capital in order to obtain a 2 equity growth. Not the overall portfolio. The math never worked for me. How can she obtain those returns is beyond my understanding.
In the TOS platform, if I sell a naked Put, the usual margin required is very large. Like you, the romantic in me also wants to believe the story. Great comment LT. I ve had a few emails about this article, it s certainly peaked a lot of people s interest. Apparently the Tasty Trade guys asked for proof before interviewing her, which would make sense, they wouldn t want to ruin their reputation by having a fraud on their show.
I think the story is true. In terms of margin, I would think she uses deep OTM options to control margin. Yes, she stated that she tricks herself into thinking the market is already 100 points down and then takes her strike price down an additional 10-12. She has customer portfolio margin and sells short strangles. The margin required is much less than for Reg T accounts. Her magic is in how she manages the positions and her position sizing. That s every trader s edge if you can exploit it.
This is the part she holds close to the vest but most can guess at least some of her tactics. Good comment TraderX. Karen is on Portfolio Margin so her reduction in BPR is much much less, almost a third of that amount. My fund trades this strategy as well, however, I only risk 10 of my account on this strategy because as the positions move on you, the margin requirement expands, sometimes 2 or 3 times. Should be a really interesting show being that Tom will finally be breaking into the how she does it.
Thanks for letting us know about her return appearance on Tasty Trade. Can you please explain what Portfolio Margin. Portfolio margin is a reduced margin allowance set federally as a minimum of 100,000 account balance. Karen will be back on Tasty Trade February 11th for a live show at night. However Brokers can have more stringent requirements. For instance, TD Ameritrade s PM requirements start at 125,000, where Interactive brokers start at the FINRA minimum of 100,00.
Portfolio Margin is a more leveraged margin calculation that looks at the overall potential risk of an entire portfolio and assigns margin per position accordingly. Portfolio Margin can allow a trader to have up to 6 1 leverage over a trader only using reg-t Margin. The more money you have, the better your margin. Thanks Erik, great explanation. She doesnt use TOS anymore is my guess. might have a personal account or something or started with them and investools but not now.
I wish I were the romantic that Lazy Trader referenced but unfortunately he is right on the money with his example. It seems the comments to his posting are quick to brush it aside but there is no escaping his logic. While biased to the methodology, I found that the math just doesn t seem to add up. To determine an optimal portfolio return, one needs to focus on maximizing capital or in this case margin which represents the minimal capital required. According to the CBOE website regarding margin, a one-sided trade may cost 3.
I am an Actuary and have been using a strategy almost identical to what is described in this article used by Karen for 12 years. 5 of an underlying S P contract, initially. This assumes Reg-T margin. There are many factors impacting the marginbut the most significant are the inherent probability of success, the type of margin account and how well-balanced your portfolio is.
Volatility and Days to Expiration and other factors are assumed to be incorporated into the chance of success, so they are out of the equation for now. Switching to Portfolio Margin may significantly improve your results as well as writing on both sides. Only the of premium is added to margin for the second side. Assuming a 95 chance of success, premium equal to 10 of margin is not unrealistic. If you have such an account you can see for yourself. A new wrinkle is the portfolio stress test imposed on accounts by trading firms which serves to only increase margins.
The amount of margin could be slightly lower but easily higher especially if the market moves on you. Since you are carrying risk for 2 months out implies a tie down of capital for that period and if replicated continually, i.10 per 2 months, could possibly result in a return of 60 money over a year s time. Over 3 year s time, that would be a 4 fold increase in your money. Again, this calculation assumes margin is 100 utilized, no stress hurdles to overcome and every trade unfolds perfectly.
A more reasonable return would be in the neighborhood of 40 as extra cushion is generally needed above the required margin and not every trade goes as planned. More importantly there is a predictability to this return over playing it out long which is what makes short option trading so much more desirable. Consistency trumps alpha. The Supertrader s methodology makes perfect sense but unfortunately the dollars don t.
One poster suggests he thinks the story is true and another credits the magic. to exploitive position management. While there doesn t appear nor do I believe there is any intent to deceive, the numbers just simply don t add up. Seller BEWARE that if you are short on both robo para opções binarias iq option 2020 of the market, selling strangles as it is, it is a mathematical certainty that you will be limited in your returns unlike going long.
Tread carefully the market doesn t pay us hopeless romantics in kind. Albeit, while the returns over the long haul will be better by being short, the only way you will get 41 million in profits starting from 700k is if someone hands it to you. sell naked calls on up moves and sell naked puts on down moves I don t get this. aren t you supposed to buy calls on up moves or buy puts on down moves to make money. even theta decay would not catch up on a moving market in either direction in typical 30 50 days.
If you don t understand how she did it you should really get out of this game. Karen trades what is sometimes referred to as a mean reversion strategy. After a sustained up move, the likely future direction is down and vice versa. She probably doesn t sell calls on every up day or puts on every down down. Rather, she probably waits for an extended move in one direction before placing her trades. If a stock or index moves too far away from it s moving average 50 day, 200 day etc.chance are that it will eventually revert to the mean, or long-term average.
Buying calls on up moves and buying puts on down moves as you mentioned would be a trend following strategy. link me to her website, i wish to visit it. Both are valid ways to trade and each has it s own advantages and disadvantages. Sorry, I m not aware of her website. She may not have one as she is a private trader.
For those that can t get portfolio margin which is most traders then you can do what she does with es futures. Futures will give you a similar underlying but with margin similar to portfolio margin. Also since 1 es future is 50 instead of 100 contracts you will have more flexibility than spx. As an example one atm option in es will cost. 8400 to open and only 6700 to hold. spx in reg-t margin will cost about 27,000 and portfolio margin will cost about 10,000 to open.
Portfolio margin is still better as you would have to trade 2 es contracts to equal 1 spx but futures margin is still only 30 more than portfolio margin and half that of reg-t. I thought of this but wouldn t the commissions be very high with all those contracts. How about just sell call spread or put spread instead of naked call and put. Less capitals and less profit, but safer. It certainly is Jeff, I think like to have the higher Theta associated with the naked options but they of course carry much more risk.
One important point to keep in mind is that the growth of her assets under management of 100,000 to around 190 million is not purely from trading gains the majority is from new investment from clients. She has stated her annual returns from trading are in the 25-35 range. In 2013 she returned around 28. She has returned more in years with higher volatility. Of course she s not a fraud, what a stupid suggestion.
I don t think she s able right now to deliver those great return. Don t forget that she was trading over 30 stock at the start, and it s easier to deliver big return trading stock like aapl, nflx etc whit a small account Don t forget that selling option while volatility was surging in 2008-2012 should have been really profitable. I think in 2013-2014, she must have some trouble to deliver 2 digits returns.
But her strategy his great for a big account, i m trying to achieve the same kind of thing. 3 digit return so far this year. karen s strategy works. Is there a way to have your company manage my money. I have 100,000 dollars. Karen the super trader is no fraud. I googled her, found her name and name of the two funds. Her funds file every year with the SEC, all public records.
You can view her 2013 filings. This story certainly comes over as genuine. One issue is surprising to me. That is much of 2008 was a time when the market made major crashes. And yet she claims she started this strategy in 2007. There is no way she could have made money selling naked or even covered puts in such a major down market. Had she reserved her trades to only selling calls maybe. Buying put options would have been a way to make a huge fortune in 2008 but this is not what she is claiming.
2008 was a tremendous year for trend following systems. Her system is the opposite of that to a significant degree. If not both margins are higher and there is a huge risk with limited reward. Since she claims her approach is conservative presumably the selling of options was hedged. And why can I not find her on searches that give more complete information. What is her last name. Hi Stuart, I think she is reasonably private. I m not aware of what her last name is.
Generated 64K in 6 months. This strategy works. Very volatile. And you can see - 20 or more swings in one day. If it s about put bullspreads and call bearspreads, I can believe something of this story but naked puts are gonna hurt some day. And the fact she s ads to losing positions, it can cause a margin call so she has to close thing and take a loss. Maybe, at those difficult moments, she asks the investors to add money into the account so she can survive.
Maybe the market tried to hurt people like her with the flashcrash some years ago. Another thing that s strange is the fact there s not even one chart or table of her performance. And why she would not give her last name and the name of the funds. I hear a lot of big numbers but just give the facts black on white. It would be great marketing for her.
After all, it s not easy to raise money, or is it. This was in the interview. He Basicly people are throwing money at you right. Then a little further she says She Everybody knows how hard it is raising money, it s really hard for me to raise money. So, is it easy or hard. As long as I can t see an equity curve of the fund, it s CRAP and BS.
All fair points Kirk. I think until people see her account statements, there will always be scepticism. I think the key is money management. Be aware she sells on both sides of the market but not necessarily at the same time so although it is a sort of strangle, it is not managed as a strangle. Each side is managed independently.
She sells at a delta of around 0. 15 on either side, and waits for a significant directional move in one direction first before selling into that move employing a mean reversion approach. During the crash of 2008, this would have been the best time to do this because the implied vols would have been massive, meaning that a 0. 1 delta at 30-60 days to expiry would have probably translated into strikes being several hundred points away from the current price on the SPX, and would have collected a nice premium to boot.
She has explicitly said that portfolio margin is a big factor in making these returns. She also uses weekly options to manage positions. In the recent bull market it has been harder to make the gains as the VIX has been low for a long time. In this case they have resorted to using 50-60 day maturities on the put side and weekly options on the call side or at least less than 30 days.
Thanks for the input Sandman. Yes the VIX explosion in 2008 was a nice time to sell put spreads, as long as you weren t burnt on the initial move down. I think the idea of going out 50-60 days makes a lot of sense as the gamma risk is a lot lower. This is good for retail traders who can t watch the markets all day.
The gamma on weekly options is a killer. Trading the 50-60 options and using weeklies to hedge is a very good strategy. I think there is more than a fair chance she may be a fraud and possibly even an invention of TastyTrade. Any manager worth her salt would be happy to provide audited returns, especially if only managing 150 million. Managers typically eager to accept more client money until the fund is so large that it hampers trading and is closed to new investors.
It s also worth noting that nowhere has this woman been interviewed other than TastyTrade even though her story is so remarkable that she would have appeared on several TV shows by now. I apply this strategy and have 85 winners with it but resulting a 1 to max 3. per win only. Karen uses up to 70 of her capital which to my mind is close to suicide. I personally use some single digit amounts. An unexpected 20 decline or even worse a nasty row of small declines with a sudden change in volatility plus spiking interest rates would kill.
Over a 10 years period this is almost sure happening and there is no way out as premiums go up and roll overs not affordable anymore. See Tasty Trade Aug 14 interview with Karen. She uses futures to hedge her positions. She also believes that market circuit breakers will prevent a drop greater than 10 in one day. She also keeps 50 in cash. A hedge can pay more than the loss.
With the 50 cash available, she can take advantage of the opportunity that a crash opens. After a market crash, reverse the hedge. I used this strategy purely inspired by her you tube interview I made 300 in about 12 months trading dax naked puts I failed few months ago when I sold puts and market went more down as a hedge I sold 10400 strike calls market was 8400 at the time after that market reversed up and those f. calls killed me At expiration they were both out of money but margin and stress was too much on calls.
Strategy would worked out perfectly if I didnt take calls timing was very bad I was too gready and that hedge payed in the past about 32 a month i ve done it only once and market didnt go up like crazy. Anyway what I wanted to say is that strtegy works but sooner or later you have to be prepared for some unexpected market moves in any direction and you must have a plan before you take a position. I thought I have one but huge bounce prove me wrong. And it was my hedge strategy that has failed not initial trade if I did not hedge just wait another 3 day I would made anoother 20 a month Good luck traders.
Other than smaller sizing most traders over hedge on a draw down and that turns out to be their other biggest mistake. The whole option market works best as a hedge mechanism or defend defend defend Now we want to make money out of that philosophy. Doable but it requires a different mindset and approach. The best thing to do is give your self a longer time to be correct and maintain the original position and direction.
The first thing to realize about this story is that she has not personally generated 100M starting from 100K. Most of the money she is managing is from investors, so most of the profits are from other people s investments. She is probably generating around 30 a year while taking a lot of risk. I don t know if that makes sense in the long run.
Excellent comment Carlos. It s Finance 101 isn t it. The higher the return, the higher the risk you have to take. If she is generating 30 or greater per year, she is taking on a lot of risk. Hopefully her investors realize that. I watched the Karen Super Trader videos several times last year and believe she is real.
Her strategy is along the lines of the Turtle Trader Rules. A few things I got from her video outside of the Turtle Trader Rules are 1. Retail accounts are monitored constantly by Brokers for risk management for the benefit of the Brokers, not for account holders. For certain TDAmeritrade account size, there will be a human broker assigned to monitor the accounts daily. Must have sufficient capital. Karen keep her accounts 50 or more in non-leverage cash.
Each option play is settled 10 days or more before expiration either by high probability of expiring worthless or well hedged so that worst case is a small profit. Call and Put option plays are treated separate and independent from each other. Option strike price is at least one variation unit out of the money from current price. Put option is purchased with minimum 6 weeks from expiration and Call options are about 2 week minimum from expiration. Trade only Index options to qualify for benefit of the 1256 tax treatment 60 long term 40 short term from trading gain loss of 1256 qualified non-equity options.
Need a lot of patience and self discipline coupled with strong risk management to get 15 to 30 percent annual gain. Karen uses the word harvesting for her trading process. This means her performance depends on the size of market volatility, not the direction. Karen s day job was an accountant, she probably has a better conceptualization for the numbers than the average trader.
So far we only know her first name and that is very strange. Where to find her registration information. Auditing information etc. Without that, it is very fishy. Karen s last name is Bruton. If you manage other people s money with more than 100Myou need get registered with SEC Finra or NFA CFTC. She has made so much money and continues to amass such good returns that she is sharing her wealth through her charitable missions.
Look up her name and you will find her website. Her story is incredible and not for everyone. I don t need to make 100 s of millions i d be happy doubling my account every few years so that I would not need to work for others any longer. I love how humble and simple she is in her approach. But make no mistake, she is no dummy. She knows how to manage her trades without letting emotions get in her way. My 2cents worth. Every options writer needs to know how to turn a losing trade into a win or a break even.
i saw this interview and wish the moderator would shut up and let Karen speak. Does anyone know of a fund or manager that uses a similar strategy but with less risk to manage our funds. she really didn t get to say much and didn t seem to care that the guy just talked away the whole interview. i ve seen him 2 or 3 other times and it s the same thing.
he talks too much. so i really didn t learn much of Karen s trading plan. i know nothing about her and have no opinion but i would have loved to hear specifically what her trading strategy was and her hedge adjustment strategies are to that particular strategy. but i did learn most of her stock investing education was useless. i think she says she trades only indexes and plays to keep ALL the premium.
now how she does this i was never told. low, low delta ICs. wish she was more specific. Read the comments, um so noteworthy points Karen only started with 100k, she made 40k the her first year. The results were so impressive, wealthy clients and others started throwing money at here is a very large way. Within 2 years she had 300million under management and 600 million under management a few years later. That s how successful she was is. These large trades are not uncommon in the larger indexes.
Look at the SPX weeklies on any given day, you can see. 50 days out, there are credit spreads being put on that receive 9-13million in credit against 100-150million BPR or capitol at risk. These trades are easy to spot at SPX right now of 2100 in the 1800-1870 range and 2180-2220 range. These trades are very easy to spot everyday. These are not Karens trades, as she trades naked strangles 100-500 contracts at a time.
To put on Karens trades, you need a counter party, these are large PROP trading companies like Citadel, Susquehanna, and others who have 10s of billions and make markets to facilitate a liquid efficient market place. Most of Karens trades are in the 100-250 contracts at a time collecting. 300k and putting up 1-5million margin, BPR or capitol at risk, however you want to look call it. Then she ll ladder up or down depending on the market moves. She will close the trade when she makes 25-50 profit.
When your trading at SPX 1820 puts, your just managing winners. It takes a really severe flash crash or recession for her to have margin callwhich hasent happened in 6 years.
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