Karen supertrader options
SteadyOptions has your solution. Get educated about the nuances and risks of options trading. Have access to resources and be a resource to other traders. Get quick responses from the SteadyOptions team. What lessons we can learn from this debacle? Was it extreme ignorance or some hidden agenda? Combine leverage with naked strangle strategy which is very risky to supertrader with is a certain path to financial disaster. It's not the strategy that determines if something is risky Is selling naked options risky? That's the wrong question - ask better questions, and you'll get better answers Short strangles on SPX and other index products are money making trades over the long term, you just have to use sensible position size and sensible exits. Just don't get greedy. Pigs get fat, hogs get slaughtered. The short volatility trade on equity indices is one of the best trades out there. It does very well long-term. The point is to understand your risk. In fact, be obsessed with risk management if you want to survive as a trader for the long term. But to keep the incentive fees coming in, she organized a sophisticated options roll at the end of each month. Month after month the losses continued to snowball while she continued to collect her fees. Each month began with a huge realized loss. This injected fresh cash into the fund. Just enough so that she could report a small realized gain to investors. That way she could take fees that month too…. When these call options expired, yes she had her cash injection from the option premiumbut she was also left with a futures position due to assignment that carried a huge unrealized loss. She needed that futures position to stay open until the next month because if she closed it beforehand, that would realize a loss and cancel out the profits from the calls she sold. That means no incentive fees. These calls allowed her to offset any gains or losses the futures incurred at the end of the month until the beginning of the next month. This all smells like a classic Ponzi scheme…Pay the old investors with money from the new ones. We are very familiar with those "rolling" techniques. Many options newsletters are using them to hide their losses. As we always said, rolling options position is simply hiding the loss. First time August she probably hasn't been using as much leverage yet. The short strangle is not as easy as it appears to be. Be very careful with this strategy. We conducted an 85 year backtest of the short strangle, 45 days to expiration, and it lost money overall. Tom Sosnoff was asked to respond to Karen's story after the SEC complaint. He continues to defend her, calls her "a very special person" and a victim of an evil government. Tom calls all the publications about Karen "crap". He claims that Karen was actually not paid enough in her fund. Karen The Supertrader by Optionstradingiq. A Glimpse of option strategies of Karen. Karen The Supertrader Interviewed by tastytrade. Karen the Supertrader's Winning Strategy Relied on Fraud, SEC Alleges. Karen The Supertrader - SJ Options. Why 'Karen the Supertrader's' Story Never Made Sense. A Shill with Skills. I've had three emails in the past month on people being assigned on positions and receiving margin calls, and generally not knowing what happened. If you don't you can find your entire account blown out over a weekend. By cwelsh, Wednesday at The trigger to this article was a discussion I had with someone on Reddit. I believe it is important to explain how to do it properly. By Kim, June 9. The way you deal with this fact will go a long way toward determining how big a winner you become. By Kim, June 6. The wings of an iron condor options trading strategy consist of two vertical credit spreads; i. The process of "Legging In" supertrader the promise of higher yields and enhanced probabilities of options karen success, but the question is whether it is worth the risk. By Kim, June 5. I'm sure most traders are familiar with this situation. You find a good setup, watch it for a while, then enter a trade, and it goes down right after you entered. Should you double down and add to your losing trade, or should you cut the loss and exit? That depends who you ask. There are a lot of myths and misconceptions about options trading. Many traders refrain from trading options because they consider it too risky. The only dangerous part of options trading is the risk-insensitive trader who buys and sells options with little or no understanding of just what can go wrong. By Kim, May Question from a reader: What is your opinion on a short strangle vs a short straddle? I understand the same unlimited risk will be there because you are trading naked options. I found that one strategy I have had some success with in paper trading is using short strangles around earnings to take advantage of large drops in volatility. By MarkWolfinger, May Trading is extremely hard. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process. By Kim, April 5. Delta is one of the four main option greeks, and any serious trader needs to have a thorough karen of this greek if they hope to have any chance of success in the trading options. By Kim, March Oracle ORCL has been following a similar pattern in options last few years. They announce their earnings date on the first week of the third month of the quarter and report during the third week of the month. Yet many times the options market "assumes" earnings during the fourth week and under-prices the third week options. By Kim, March 3. Posted June 3, Google still has the old version before it was edited. This article has just been deleted. I think you raise a critical point about why TT wanted to promote her so and in a moment, I'm going to bring that back to Tom Sosnoff itself. It could simply be for the notoriety. When people saw the success and wanted to be like her, since it was presented at TT and since TT does teach trading, people might turn to TT as a go-to source. More viewers for TT, new accounts opened at TDA, and kickbacks for Sosnoff et al. Yet, to me this really, really comes off as stinky for Tom Sosnoff. For years the guy has appeared so altruistic in carrying the torch for the retail trader, in wanting to teach people to trade and encourage self-directed traders, etc. I e-mail him and get personal responses I believe it's him, anyway. I met him at a TD Market Drive event. Before supertrader, I had become more suspicious of him because I think the TT research leaves a lot to be desired if you've studied trading system development then you can probably name a handful of reasons why. Now with this, I really wouldn't be surprised to see Tom Sosnoff as the next big name investigated by the SEC karen one thing or another. I'm disappointed to say the least. What I would really like is for Tom Sosnoff to come clean about all this. He erred in his heavy promotion of Karen. He's quoted a couple times in this piece http: Non-profits, charities, and religion are a common tool used by charlatans to pull on the heartstrings and manipulate unsuspecting victims. This might or might not be another one of supertrader cases but there's NO REASON Sosnoff should have ever championed her cause. Now if he, too, were getting kickbacks of some sort then it makes more sense. Indeed, that's about what I would expect from him right now. Many people are not aware that after selling thinkorswim, Sosnoff still has significant stake in it. I also wouldn't be surprised if Sosnoff was paid by Karen to promote her. After all he took an anonymous fund manager and made her options. Now, I don't have a problem that someone does something for money. After all, nobody should work for free. To me this is hypocrisy. It's funny that you mentioned their "research". Sosnoff calls everyone options doesn't agree with him and doesn't trade his strategies garbage. In fact, what is garbage is their research, as I showed in my articles:. Buying Premium Prior To Earnings - Does It Work? Can We Profit From Volatility Expansion Into Earnings? To me, this alone is a huge red flag. Posted June 4, Posted June 5, Research is clear that leaving them until expiration makes a huge difference. The point is that those short strangles are much riskier than implied from the tastytrade interviews with Karen. I suspect that investors will not learn the lesson from options case. Humans desperately want to believe there is a way to make money with no or little risk. I noticed that the speculation is that Karen's losses supertrader in the "big" down move in As a premium seller myself, I have found that down movements have been my most profitable times. My problem is when SPX is manipulated back to the upside, my short calls get run over like a BNSF freight train. If Karen is in any trouble at all, it is because of those calls you mentioned that she sold to cover her losses. The last 5 years you could've sold any put in SPY you wanted and still been profitable. You only get in trouble when calls are sold, as you are swimming upstream against the FED's easy money. According to the SEC complaint, the losses occurred between October and December Then she tried to do those scheme trades in order to roll the losses. After the markets came back sharply, some of the sold calls came under pressure as well. You are right that it is more difficult to defend the upside of those trades. However when using leverage, the picture can change dramatically, and I assume this is what happened. Posted June 6, So, at this point we know that Karen is a Crystal Palace fraud like all the others, and we're going through lessons learned. Aside from leverage, the biggest red flag that I see looking back, is choosing to trade essentially one underlying product. Now I have smaller positions in many different underlyings and I grind out profits over time no matter what one position does. There is no holy grail. But even if she traded more than one underlying, adding RUT and NDX to the mix, this is still just one strategy. Applying leverage to already risky strategy makes it almost criminal. Or maybe they did and just options them because it served their agenda? Getting people to trade options and futures on the TOS and dough platforms, and in general funneling traders to open TDA accounts is in part how tastytrade is funded. It's out in the open. My least favorite content on tastytrade is Tom Sosnoff content. By staying small in leverage per individual positionand diverse in many non-correlated underlyings I find that there is very little I can't manage given the time. I credit Tony Batista, Liz and Jenny and Ryan and Beef for demonstrating these fixes everyday. Karen Bruton was never a tastytrader. I'm sure TT is in talks with TD's legal team about how they can move forward. Karen fooled TT like everyone else with her lies, I believe they had her on because she said she used TOS and the analyze tab to make her trades. To me this is still huge conflict of interest because it impacts the strategies they trade. Their "research" might seem solid and convincing to many novice traders, karen the truth is many of their studied are highly flawed and skewed to achieve the results that fit them. The only thing you can do is to pray and hope that the stock reverses. They claimed that buying straddles before earnings doesn't work, when in fact we are using this strategy for years with great success. But I'm glad that they exist and have big followup - after all, someone has to sell those straddles to us. I do read the TT research as it is one of the few sources of ongoing research. But you have to take the results in context. TOS is way too expensive for most retail traders so there has to be a good deal of promotion for it to succeed as a business. But when I tested all of the SO strategies for performance from to present, straddles didn't do so well over time. I think the average ROI was 2. It varied by market type of course. Calendars were a far better performer and explains much of the success of SO trading since At least those were my results. I think it is slightly more than 2. Those earnings straddles are a cheap way for us to hedge market volatility. Yes, calendars performed much better, but when IV explodes and the markets make huge moves, they will not perform as well. Karen is where straddles come in place, to balance the portfolio. But according to TT "study", the straddles are supposed to lose money - double digit loss on average. This is simply not true. Posted June 7, One thing I've never liked about Tom apart from that silly hat and loving the sound of his own voice is that people on his supertrader remark from time to time that Tom made million selling Think or Swim to Ameritrade. He did not make million and I've never seen him make an attempt to correct anyone on this point. Tom part part of a team of people who sold TOS to AT. Tom's cut was substantially less than million. And I have never seen anywhere that Tom can trade his way out of a wet paper bag. He was never truly a trader. He was a market maker. Yet options paints himself as a trader. Well, the fact that Tom "bends" the supertrader should not come as a surprise, at least not to me. Posted June 9, I'm a novice just starting out so TT was a good resource since it would dumb it down for me to understand. She is the "anyone can do it" example that can come from these courses. I even remember looking into those courses for myself after watching her video and her talking about how much it helped. If that is the case then I certainly don't think Tom is out of the woods. He's leveraging a fraud, with potential prior knowledge of the fact, as a lead generator for his courses. I forget what the courses were called, it's something he'll do on the weekends at hotel conference rooms or something and has nothing to do with the Dough courses. Posted June 10, It is a powerful message, financial empowerment by building know-how, that has attracted a large and loyal audience. However, when you dig below the surface you will find tastytrade is really just about generating millions of dollars in commissions for TD Ameritrade. Rebranding options day trading as "investing" is grossly wrong. Tastytrade is just a new age financial shill with some new skills. Posted July 17, Nobody ever mentions the negative accounts from his daughter twice. Katie's account a loss from Bat and now his son is down 1k in over a year. Liz slipped on an episode and said that the account they trade is a TT account, not personally funded. Tom makes over 50 trades a day. He has been short since Short bonds for years but has no clue what bond convexity is. Studies are cherry picked for bias and agenda. Value, not price boys. Karen is a fraud and got margin called to death. No attention to higher greeks. Selling prem is a very isolated way of trading. They preach it in ALL market conditions. Can't seem to find that rule anywhere. Employees drop like flies and leave. People, he has had his hands in small options for years earning money in the trading space as a vendor for years. He was a MM on the floor. He said he managed a fund the other day. If it fails he blames everyone but himself. If you don't know about them, do some research. It is pretty amazing how he became so popular. But don't forget that he is the only financial network that has daily TV shows. We all karen that charisma sells. Posted August 3, I know I am late supertrader the party here but I hope people googling will come to this article and really read what others have said. When you go to a casino, they buy you drinks, give you vouchers for dinners, etc. You can even bring your handy dandy how to play blackjack sheet which you buy in their gift shop to the table. Casinos do this because they know they have an edge plain and simple. No matter what you do. Tom doesn't care if his 50 trades a day win or lose, it's about activity. His crack research team will comb the data to find trade results that match their hypothesis, karen the other way around. Ironically, I think the light is being shined on their poor trading results and what you will find is that they are gradually transitioning to different trades. In and out and playing expiration is a tough game. Tasty trade has countless of hours of free education. You guys use the fact that Katie and Case had drawdowns or blow ups, news flash all good traders start by blowing up small accounts. Also they just started Tastyworks and cut the commissions by a huge amount to help individual investors as many other firms have had to drop prices to compete. And let me guess, you charge for your services and education. I doubt my post will even make it to this page as this is just a witch hunt. Get a life guys. Yes, your post did make it. Unlike few dozens posts that I posted on tastytrade blog - all of them have been deleted. Unlike tastytrade, we don't sensor posts. I've been trading for 18 years now. I've known traders who primarily traded credit spreads and made a good income doing so; I hope you have good success trading, too. However, there is a lot more to it than "Credit spreads can't lose! I'm exaggerating how Tasty Trade karen things, of course, but while they have some valuable education, they are clearly biased and the only way the average person knows this is to already have the knowledge base which generally makes Tasty Trade less valuable as a resource. All that said, the biggest issue I have with Tasty Trade is that they clean up everything to make it look like they're doing great and never made mistakes, which is obviously not true. If you were to follow Kim's Steady Options owner trades for any length of time, you'd see that he lays it all out and shows everything he does, even if it was a stupid decision. I prefer a straight shooter to a marketing machine any day, but if you can cut through all the BS, maybe Tasty Trade is a good resource for you. I tried to post comments on tastytrade karen, but all of them have been censored. Truth hurts I guess. I'm wondering how much of it went to Tom Sosnoff pocket. There is just a small problem: I have been SteadyOptions member almost since the beginning. I will take this paid site over "free" tastytrade every day. Not the only one. Ever wondered who is financing all those parasites? I can guarantee you it's not Tom Sosnoff. Only 75 emoticons maximum are allowed. Display as a link instead. Our options trading advisory service offers high quality options education and actionable trade ideas. We implement mix of short and medium term options trading strategies based on Implied Volatility. We do not offer investment advice. We are not investment advisors. The information contained herein should not be construed as an investment advice and should not be considered as a solicitation to buy or sell securities. Community Software by Invision Power Services, Inc. Articles All Content This Article Advanced Search. View New Content Articles All Content This Article Advanced Search. All Activity Home Blog Karen Supertrader: Too Good To Be True? SteadyOptions is an options trading forum where you can find solutions from top options traders. Were the Skeptics Right? The important point is this: Leverage Can Kill You! Our contributor Jesse wrote over a year ago: Also Hiding the Losses? Here are some articles about Karen SuperTrader: Calculating ROI on Credit Spreads The trigger to this article was a discussion I had with someone on Reddit. Should You Leg Into Iron Condor? Should You Add to a Losing Trade? Top 5 Options Trading Myths There are a lot of myths and misconceptions about options trading. Selling Strangles Prior to Earnings Question from a reader: Why Delta Dollars Will Change Your Trading Delta is one of the four main option greeks, and any serious trader needs to have a thorough understanding of this greek if they hope to have any chance of success in the trading options. How We Nailed The Implied Volatility Game Oracle ORCL has been following a similar pattern in the last few years. Go to articles Blog. Kim 2, Posted June 3, Here is one example: Karen The Supertrader Before: Some articles even have been deleted. Google "tasty spotlight karen supertrader" This article has just been deleted. Looks like tastytrade doesn't want to be associated with Karen SuperTrader anymore. Share this comment Link to comment Share on other sites. Guest ecc Posted June 3, Guest Guest Posted June 3, And maybe this is all there is. In fact, what is garbage is their research, as I showed in my articles: Guest Guest ponzi follower Posted June 4, Guest stalin Posted June 5, Some good points in this article, but not much context around it Kim 2, Posted June 5, Guest CarefulTrader Posted June 5, Guest B50 Posted June 5, Guest B50 Posted June 6, Kim 2, Posted June 6, Here are some examples of their studies and my rebuttal: Guest Burt Posted June 7, Kim 2, Posted June 7, Guest Guest Posted June 9, Kim 2, Posted June 9, Kim 2, Posted June 10, Guest Saltlick Posted July 17, Kim 2, Posted July 17, Options NotEvenWrong Posted August 3, options Tastytrade is designed solely to help Ameritrade churn commissions, plain and simple. Kim 2, Posted June 4. Thank you greenspan76 I tried to post comments on tastytrade blog, but all of them have been censored. IncomeTrader1 0 Posted June 5. Your content will need to be approved by a moderator. You are commenting as a guest. If you have an account, please sign in. 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Need for humane policy From the perspective of poverty alleviation, it is important to plan an agricultural development strategy which makes it possible for more food to be grown on the fields of small and poor farmers.
When an emergency exists it is all the more important that we retain our respect for the principles of constitutional American government, and that we go no further in modifying them than is absolutely essential.
Charles Milazzo, Unlikely Environmentalists: Congress and Clean Water, 1945-1972 (UP of Kansas, 2006).
I asked about him and if I could try and befriend him and help him think that men are not this vile and viscious thing he knows.
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