24 comments

  1. avatar Bonnie daRoza says:

    Dan, I prefer less trades and high consistency too. In fact, I dont even take every one of your trade. I do my own due diligence as well. Don’t worry about all the different opinions, just stick to what you do best.

  2. avatar Lynn says:

    Dan.-thanks for the update. Even though I did not take the put spread trades becauase I do not yet understand them, the update explainations help the light bulb burn a little brighter. Like the other requests, please update GS. Thanks again.

  3. avatar Ajax4Hire says:

    SWN Stopped out at $4.09, my purchase price 🙁

    DIS closed @$4.40, yea! profit! Dan is the prophet of profit.

    C my stop is at $0.37, I still don’t like Citibank for personal reasons, I know they do not treat customers well but it doesn’t stop me from monetary gain.

    AMZN, APA – I am not allowed the double put cover, Bull Put spread. Just as well as I am still nervous about this more exotic opportunity.

    GS – I got in at $4.95. I still squinch my face every time I look at the trajectory of GS. I hold on judgement. GS is another company I do not respect. I do not like their apparent involvement in the US Federal Government monetary arena and GS involvement in Global-Warming taxation, waiting to exhale.

    PBR – missed the initial suggestion last week but I was able to get on the train this morning (Feb 14, Happy Valentine’s Day!) at $2.50. Petrobras could be nascent giant if the government of Brazil (or Brasil) keeps to a silent partner relationship.

  4. avatar Monis says:

    Bull Spread – I am frustrated because Schwab will take 5 months before increasing my Level 1 to 3 to allow me to place Bull Spreads. Can anyone recommend a reliable broker who would give the require level promptly as I am missing opportunities. So at the moment I can only take partial advantage of Dan’s advices.

    • avatar Bello says:

      Monis – I recommend Zecco.com. Option trades are $4.50 for first contract and .50 for each additional contracts. Make sure you carefully answer questions about your option trading experience to avoid being in the same situation you are now. Brokers think there is a correlation between your years of trading and the level they put you. I personally disagree. You are not picking options out of the blue. You are a member of optionmarketmentor.com under the guidance of the best mentor ever – Dan. Happy trading and goodluck. Here is link if you need it. https://www.zecco.com/raf/

  5. avatar Upward says:

    Dan I justed wanted to let you know how much I appreciate OMM and the way you handle the trades. It makes what could be a very uncomfortable learning experience not only tolerable but profitable. Thank you for your patience and experience. OMM, as far as I’m concerned is a jewel and the only way to go. P.S. You to Gary, thanks

  6. avatar chrismibs says:

    Dan, I think this type of update is very helpful. If you could do 5 or 10 minutes in aggregate every weekend on the open trades (as well as those closed in the past week), just running through your thoughts like you did here, both the newbie and experienced option trader would benefit from hearing what you have to say. I think many members can infer your thinking as we backward engineer a stop placement that comes in an e-mail format, but it is very comforting to hear even 20-30 seconds commentary about each position – we like it when the mentor speaks. Great work!

  7. avatar twelve02 says:

    Anyone else having issues playing the videos? This is the 1st time this has happened. I also wish they were viewable on the iphone, but I don’t think you can view ‘flow player videos’ on an iphone.

    • avatar dmandk says:

      No problem playing the video. It plays fine now on my iPhone. If you have issues, try reloading the web page. Then wait at least 30 seconds before pressing play, to allow time for the video to load.

      By the way, Dan’s videos for OMM and SMM are now viewable on iPhone / iPad. Thanks Dan and Gary!!!

      DAN: When can we expect the OMM forum to be viewable from iPhone / iPad? Many of us would like forum access when we’re on the go or traveling light.

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