Investoid

As I am becoming immersed in the option trading world, I have come across some pretty good blogs dedicated to option trading. Here are my favourites:

• Option Pundit: is dedicated to providing consistent income through option trading. Earlier this year Option Pundit (OP) started a paid newsletter that details his portfolio trades, which have demonstrated extremely strong returns. He now has a goal of achieving 100% annual returns, and is well on his way. OP uses a variety of option strategies, although he seems to favour credit trades (ie. initial trade causes him to receive money, instead of outlay money). While the English suffers at times, the quality of the content is unsurpassed.
• Option Addict: a blog run by Jeff Kohler, an instructor for InvesTools. He is mainly a directional trader, meaning he looks for strong 3-6 month trends or other technical indicators in individual stocks and then waits for pullbacks/bounces to enter options trades. I haven’t read through his blog archives in depth, so I’m not sure if he favours buying calls/puts or using credit trades like pull put and bear call spreads. He offers several companies to watch on a regular basis, although he rarely (if ever) provides specific trade information.
• My Traders Journal: is written by a person who works full time at AT&T while finding option strategies to augment his income. He mainly focuses on writing naked puts, which can be a risky strategy if you don’t want to own the underlying. Since this strategy is synthetically the same as a covered call strategy, he uses it as a way to lower his entry cost to a stock he likes in the worst case while getting a steady income in the best case.
• Option Strategies In Action is written by Canadian John Manley, who runs a research firm. He talks about specific trades and setups in stocks and indices, and goes through trade adjustments in detail. He also focuses on credit trades for the most part.
• Condor Options: is a blog that discusses market happenings, and details the trades post completion that they do for their paid advisory service. They focus on iron condor trades on index ETFs, and have a pretty good track records over the past year. Even during this turbulent time, they were able to be essentially neutral this past month, which is pretty good for a strategy that is market neutral and depends on little movement either way. Their service currently has a waiting list.

If anyone has others that they like, feel free to comment below. I’m always looking for more information and opinions.