Frequently Asked Questions
If your question isn't answered on this page feel free to contact us.
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 pre-market OEX recommendations and our emini auto-trading systems can do most of the work for you.
What is the OEX - What are OEX Options?
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?
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 keep our daily recommendations simple. No need to over complicate things.
Are the trades sent in real-time or after the market closes?
Our daily recommendations are posted each morning prior to the market opening so you can prepare for the day. We send REAL-TIME intraday trading guidance after the market opens each day so you will know the areas of resistance and support as well as the calculated intraday how and low expectations.
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.
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 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. Subscribers to our system will execute 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.
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.
How much do I need to trade your system?
We probably receive this question more than any other. There is no one-size-fits-all approach to options trading. Any successful trader will tell you to keep your risk percentage very low per trade. Most suggest 2% to 5% maximum risk per trade. However, if you've allocated funds for direct use in options speculation you may consider higher risk. Our average member has an account size of $5,000 - $10,000.
- Market Analysis
- Daily Call/Put Recommendations
- Pre-Market News Update
- Daily Options Key Levels Guidance
- Selective (no over trading)
- High Probability Trade Set-ups
- No Overnight Exposure
- Two Exit Parameters
- Excellent Support
- Experience - Founded 1999