| I work a full-time job, can I still
trade? |
| Absolutely! 80% of our
members work full-time and lead very busy lives. We provide
crystal clear information so that when the time comes to make
a move you are instantly notified with a specific message. |
| |
| What is the OEX? |
| OEX is the ticker symbol
for the Standard & Poor's 100 Index traded at the Chicago
Board Options Exchange (CBOE). The options traded on the S&P
100 index are commonly referred to as the OEX. For a complete
review of the index please visit the CBOE. OEXSTREET.COM has
no association with the CBOE. |
| |
| How much does an OEX option cost? |
| We trade the front month
option series with deltas ranging from 40% to 65%. The farther
out we are from options expiration (3rd Friday of every month)
the higher the option prices due to time premium (Theta). There's
no need to worry about learning the Greeks. We take care of
everything for you by providing the exact option contract to
trade. But on average the options we trade are priced from $500
to $1000 per contract. |
| |
| I cannot watch the market minute by
minute. Can I still trade? |
| Absolutely! Yahoo! messenger
is a very small software that runs in the background while you
work. When we send a trading alert you will receive a flashing
message on your tool bar and an audible alert telling you that
we've sent you an instant message for you to review. The message
will be precise and you will know exactly what to do. Everything
we do is designed with you in mind. We realize that not everyone
has the ability to watch the markets in real time and we also
know that everyone doesn't trade for a living so we tailor our
messages to fit you. |
| |
| Are the trades sent in real-time or
after the market closes? |
| All correspondence is
REAL-TIME. This means the instant a trading signal develops
you will be immediately notified. We use Yahoo! messenger to
send trading alerts & signals. It's the most efficient way
to get these important updates to you. |
| |
| I'm new to options; will you teach me
to trade? |
| Though, the majority of
our members have some experience trading options, some come
here with absolutely zero experience. We always recommend starting
off slow and lerning while you watch others. This way you avoid
the typical mistakes made by new option traders. Our lead trader
is available to chat on Yahoo! messenger and will answer the
most basic questions, or complicated one for that matter. We're
here to help you achieve your goals! |
| |
| I like to scalp emini futures. Do you
provide this? |
| Scalping is a form of
trading where you jump in & out of emini futures quickly
in hope of capturing a small gain. There are many drawbacks
associated with scalping strategies. In our 10+ years of dealing
with thousands of on-line traders it's obvious that most traders
do not have a concrete trading plan. In fact we've seen "scalpers",
as they're known as in the industry, be successful up to 85%
of the time and still lose money. This is because they use extremely
wide protective stops and very small profit targets. If you
throw enough darts you're going to hit the bullseye. But you're
also going to miss the board from time to time and these guys
sometimes fail to use stops and it ultimately ruins their performance.
We prefer a more savvy trading approach designed for longevity,
not some get rich quick idea that isn't going to work 3 months
down the road. Our lead trader helps members each morning navigate
the S&P eMini futures with an extremely high success rate.
We invite you to monitor the action and see how "scalping"
is correctly incorporated. |
| |
| Do you hold trades overnight? |
| No. We only day trade.
If a position is held late in the afternoon we will send you
an instant message with exact instructions on closing out the
position so that you have zero risk overnight. We can always
reposition ourselves the next day and many times we get a much
better price! |
| |
| Is the free trial a full version? |
| Absolutely. We provide
full access to our options and futures alerts so that you can
make an educated decision before you buy. We want you to be
confident in the quality of our service. Ask our lead trader
a question while on the trial. You will get a detailed response
and we strive to exceed your expectations. |
| |
| How often will I
receive an OEX alert? |
| There is an average of
Five OEX option setups per week. As volatility increases the
number of trades increases. In other words, if the market is
range bound, risk levels are evaluated and trades are minimized
to reduce risk. We typically broadcast 1 OEX option buy signal
every day. Though, because the buy signal is specific, all buy
signals do not trigger. This means, on average, we enter OEX
options successfully 2 to 3 times each week. |
| |
| Do I need $25,000 to trade your OEX
option signals? |
| NO -- The pattern day
trader rule states that you cannot execute more than 3 option
day trades within 5 calendar days. Seldom, if ever, do we day
trade 4 or more times within 5 calendar days. This means if
your account size is a fraction of this requirement you will
still be able to trade our signals. |
| |
| Can I ask questions about my option
position? |
| Absolutely! Please do
ask questions, that’s why we are here and use Yahoo! Instant
Messenger…immediate access! |
| |
| How much time is required to trade your
system? |
| We primarily trade between
9:30am and 11:30am ET and 1pm and 3pm ET. The trades can be
random, but we find that through the lunch period it's a safe
bet to take off a couple of hours if you need to run errands
and handle work related issues. We realize that the majority
of our members have full-time jobs and we try to accomodate
their schedules by working our trading times around theirs. |
