LAS VEGAS, April 14, 2011 /PRNewswire/ -- OptionGenius.com, a stock option selling advisory service, reported quarterly gains for the first quarter of 2011 of 19.2%. Even after the great results of the S&P 500 so far this year, members of OptionGenius.com are still generating returns greater than three times that of the S&P.
OptionGenius.com is an option selling advisory service. Unlike other option newsletters, they do not look for homeruns. They trade conservatively and look for strong monthly returns of between 5-10%. Range-bound and slow-moving markets are best for option sellers.
"Whenever the market moves in a sideways range, option sellers make money. The beauty of my system is that we can also make money when the market makes large moves, as it has been doing recently," reports Allen Sama, head trader at OptionGenius.com. "The key to making money consistently is being able to adjust your positions when they go against you. That is something very hard to do in simpler option selling strategies like covered calls."
Selling stock options is a trading style that generates income month after month. Once a position is initiated, theta (time) decay sets in and the stock options sold begin to lose value. This is what Sama refers to as "selling time." With studies showing that close to 80% of all stock options expiring worthless, it is easy to see why this style of trading is considered conservative.
"I aim for a 10% monthly gain. I don't try for homeruns or grand slams. I like hitting singles and doubles. I hate losing money and all my trades are positioned in a way to lose as little as possible if they go against me but make a nice return if they work out," says Sama.
And with close to 80% of all his trades resulting in winners, it is easy to see why membership at OptionGenius.com continues to increase.
To learn more about OptionGenius.com, visit http://www.optiongenius.com.
Free stock option selling content is also available at the blog: http://www.optiongenius.com/blog