TheoTrade’s TheoTheta Portfolio Review
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At the time of writing this I am a member of TheoTrades Ultima Spike and my opinions are my own and honest.
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About the TheoTheta Portfolio
The TheoTheta Portfolio makes use of a variety of the TheoTrade tactics.
I intended to take advantage of this product that uses collection of options premium as a way for me to participate in volatile trading strategies.
Here is a link to join the service known as Ultima Spikes by TheoTrades. It includes a free eBook called Ultima Income Spike Uncovered!
About TheoTrades Owner
Don Kaufman is the owner of TheoTrade LLC. Kaufman has been in the business of trading and investment since 1979.
TheoTrade LLC is an educational company that provides trading education and market analysis.
It also offers an online trading platform for active traders and investors.
The company is headquartered in the Virgin Islands!
TheoTrade’s TheoTheta Portfolio Review
I am always on the lookout for new and innovative ways to trade the markets. When I came across TheoTrade’s TheoTheta Portfolio, I was intrigued.
The concept of using a collection of options premium as a way to participate in volatile trading strategies sounded like something I wanted to explore further.
I decided to take advantage of TheoTrade’s 7-day free trial so I could check out the product for myself.
Overall, I was impressed with what I saw. The platform is user-friendly and the education materials are top-notch. I would definitely recommend this product to anyone who is looking for a new way to trade the markets.
Markus from Rockwell Trading Review. That is one of the most valuable trading tools I use.
TheoTrade’s TheoTheta Portfolio Review: Experience Level
The TheoTheta Portfolio is best suited for experienced option traders.
Clients of TheoTrade who utilize this method must be extremely cautious about their positions, as changes in the underlying prices might have a bigger impact since the trades are executed with a high degree of certainty.
Here is a link to join the service known as Ultima Spikes by TheoTrades. It includes a free eBook called Ultima Income Spike Uncovered!
Strategies Implemented
TheoTheta uses the following methods: purchasing or selling Vertical Spreads, Index Calendars, butterflies, and Iron Condors. Weekly options may be traded as well, just like ordinary options. TheoTrade’s strategy for any trade will be determined by a variety of factors such as the underlying, volatility, and events.
Trading Vehicle
For the underlying, TheoTrades ideas are based on options in equities, ETFs, and Indices. When Selling Premium, they will generally search for possibilities of 7-100 days duration depending on overall market volatility.
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Capital Allocation:
An allocation of $3000 is necessary to implement premium selling strategies in my opinion.
The maximum loss on any one trade should be limited to $500, or 16.67% of the account. This will allow for multiple small losses while the account size continues to grow.
Once the account reaches $10,000, the max loss on any one trade can be increased to $1000, or 10% of the account.
Example of The TheoTheta Portfolio
Here is a quick snapshot of the recent portfolio, so you can get some idea of the types of trades.
TheoTrade’s TheoTheta Portfolio Review: Position Sizing
The number of contracts traded will be based on the current volatility of the underlying and the current premium.
Generally, I will trade 1-5 contracts per $1000 in account value.
Exit Criteria
TheoTrade will use a trailing stop loss to exit positions. The trailing stop will initially be set at 50% of the credit received when entering the trade. As the position moves in our favor, the trailing stop will be moved up to lock in profits.
Here is a link to join the service known as Ultima Spikes by TheoTrades. It includes a free eBook called Ultima Income Spike Uncovered!
TheoTrade’s TheoTheta Portfolio Review: Conclusions
TheoTrade’s TheoTheta Portfolio is designed for experienced option traders who are looking to take advantage of volatile trading strategies.
The portfolio makes use of a variety of TheoTrade tactics, including purchasing or selling Vertical Spreads, Index Calendars, butterflies, and Iron Condors.
My friend Lance also has a similar style to TheoTrades trading. You can get a free trial to his service here.
Russell
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