What services do OptionSlam provide?
You can expect the following services from OptionSlam
- Tools to identify
stocks that had huge up/down swing before, during and after earning releases in
the past. The various tools include graphical analysis, daily e-mail alerts and
customized reports. Please refer to the report section to see detail
explanations of the reports that Optionslam provides.
- Timing and
execution of various strategies on option trading by means of articles,
tutorials and shared member knowledge in our Optionslam forum.
- Two-way
communications and sharing of trading strategies by our own trading team and
some of the best and seasoned Optionslam members.
What
are the major differences between Optionslam and other trading website?
We
as the creator of Optionslam are using some advanced option techniques to trade
over the years. Before this website was created, we were trading options using
strategy such as Straddle and Strangle being executed on certain targeted
company that we anticipates major stocks movement in the near term. We found
out that there are a lot of trading websites, public newsletters that give
general advises to people. The majority of them possess valuable educational
material and technical articles. However the following services are lacking
- No tools to narrow
down from vast amount of option-related information that are available.
- No rating system
in relation to our option-trading strategy.
- Lack of real-time
analysis to aid in decision making.
- Hard to find
shared or pooled expert knowledge on discussion forums / comments.
Hence
we decided to create our own system to aid us during the trading process, and
we are glad to share it with you.
What
are the general criteria to start using Optionslam’s recommended strategy?
There
is really not much barrier for anyone to start using our system. We would
recommend the following,
- You
have some capital and want to find a method that offers you a reasonable
return.
- You
do not have time to track the market activities minute by minute and do not
live by day trading.
- You
are willing to spend time to understand and practice this trading method and
follow the selection rules.
- You
are prepared to take some loss on certain trades and also be patient to wait
for the big trades to make big profit.
I
have heard that options are very risky trading vehicles, is that true?
The
answer depends. In some scenarios, options are used to REDUCE the risk of the
underlying stocks, so the statement above is not always true. In general, there
are some risks in our trading strategy but is manageable, as there is no margin
requirment or any borrowed money being involved.
What
type of online trading account will I need ?
You
will need a stock brokerage trading account that has the ability to buy call
and put option contracts. A general stock trading account can only buy and sell
stocks, but it is fairly easily to "upgrade". You can call your
brokerage firm to request the upgrade
How
much cash will I need to get started
Around
$3,000-$5,000.
How do I join?
What happens after I joined and paid the initial fee?
A new account will be created under your paypal email address. It will take
about five minutes for the new account to sync from Paypal.com to
Optionslam.com. If a trial account already exists under your paypal email, your
account status will be updated instantly without five minutes delay.
How do I cancel my membership?
Please follow this link and send your request through paypal.com
Why do you use Paypal as the payment method of the membership fee? Are there any alternative way to pay my membership?
Paypal is the easiest
way for us to set-up recurring monthly payments, and offer a reasonable
commission charge so we can offer our services to you at an affordable
amount. If you do not like to use paypal, please leave us a feedback
and we may be able to work something out on an individual basis.
What are you going to do with our credit card numbers
All credit card
transactions are being handled by Paypal and we will not ever see any
of the information other than the dollar amount.
When does optionslam.com update statistics?
Optionslam.com has the following schedule to publish statistics on its
website,
- 12:00AM
Monday to Friday: publish daily earning indicators
- 2:00AM
Monday to Friday: update future earnings dates
- 7:00PM
Monday to Friday: update market close price
- 1:00AM
Saturday after each Options Calendar Month: update Options Performance and
Earnings Performance
- 2:00AM
Saturday after each Options Calendar Month: update Earning Indicators and Star
Rating
- 6:00AM
Saturday: Send out weekly standard newsletter
- 7:30AM
daily: Send out Customized Stock Reports
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