PowerOptions
PowerOptions
Stop FollowingPowerOptions
ABOUT
Ernie Zerenner, co-founder of PowerOptions, has been an active stock trader for over 40 years and an avid options trader for more than 20 years. Each Saturday he would look in the newspaper to find options with the best return Covered Calls. This process would literally take hours. First he had to find the stocks that looked promising. Second, he had to find the best options. Finally, he had to do calculations to determine the best returns.
Ernie thought, "There has to be a better way." In 1997, a colleague and Ernie had an idea - Why not use the power of the Internet to gather the data and use computers to do the calculations. We built a web site to do just that. Ernie used the site to find the best ...More options instead of using the newspaper. Ernie was so excited that he showed it to fellow traders and let them use it also.
It was so successful that he decided to open the web site up to the public...and PowerOptions was born.
Since 1997, PowerOptions has built a winning team to support and continue development of the tools and strategies offered. PowerOptions now includes over 150 pages in its award winning web site and cover 23 of the most popular option strategies. PowerOptions has been reviewed and acclaimed by many in the industry: Forbes, AAII, Active Trader Magazine, New York Post, and Nightly Business Report to name a few.
PowerOptions is so innovative, the US Patent and Trade Office issued us patents in 1997 and 2007.
By 2000, we took over operation of OptionFind.com, a site that has similar options search engine capabilities.
Many of our subscribers told us that they loved the system, but had trouble finding the time to do their own options research. They suggested that we offer an advisory newsletter service. We released such a service under the name PowerOptionsApplied.com in 2005. This service uses our expertise and patented tools to search out, publish, and manage what we feel are great option trades. We offer Covered Calls, Diagonal Spreads and Iron Condors so far, more of your favorite strategies to come.
Also in 2005, we released our first publication in the options education arena. Covered Calls: Aggressive Strategy for the Conservative Investor is a self-study course. It includes a DVD, 130 page book, and a workbook to help beginning option traders learn the basics of the most popular option trading strategy: Covered Calls. The course also includes 2 free months of the PowerOptions online subscription service.
In 2008, we released our second and third publications to compliment our self-study covered calls kit... Naked Puts: Power Strategies for Consistent Profits is a beginner level text that illustrates the details of using cash secured puts to acquire stock at a discount and generate income. It covers the basics of the strategy from understanding the theory, entering a new trade and covers all the way through trade management.
Protective Option Strategies: Married Puts and Collars covers reliable strategies to generate consistent income and provide insurance, especially during times of financial crisis and uncertainty. Topics of discussion include tips on entering protective strategies and the theories behind them, as well as selecting the right stocks and proper protective combinations for investing in today's volatile market.
Also in 2008, we purchased the rights to the RadioActive Trading methodology. This investing methodology is just one strategy that options investors can use, but trading "RadioActively" gives investors a great chance of making money and keeping their capital while they do it. The RadioActiveTrading.com site offers plenty of educational materials to get any investor with any experience level into options trading with the ammunition he needs to be successful. After learning the methodology, investors can implement the trading style themselves with the help of the PowerOptions tools, or look over the shoulder of the RadioActive trading staff as they pick and publish trades to the FISSION advisory newsletter subscribers.
Most recently, in 2010, we published our fourth educational text. Iron Condor: Neutral Strategy for Uncommon Profit. The concepts, ideas, rules-of-thumb and real-world examples presented in the text have been gleaned from the PowerOptionsApplied newsletter's successful trading of the strategy. Readers can take the lessons learned by the PowerOptionsApplied newsletter and repeat the good and forgo the bad in order to profitably invest using the Iron Condor strategy. This text presents real-world examples, real-world profits and real-world mistakes, the concept of optimally trading Iron Condors by balancing risk, reward, volatility, stop-losses and other parameters to achieve the best results from trading the strategy.
Ernie and his staff are active investors; they use the PowerOptions tools and research every day. The company's staff is personally committed to providing you with quality service and an exceptional value.
Please feel free to contact us with any suggestions or problems that you may have.
If you are inside the continental US, our toll-free phone number is: (877) 992-7971, for users outside the country, 302-992-7971. If it is easier for you, you can also send us an email message by clicking any of the email links at the bottom of every page in our site.
Ernie thought, "There has to be a better way." In 1997, a colleague and Ernie had an idea - Why not use the power of the Internet to gather the data and use computers to do the calculations. We built a web site to do just that. Ernie used the site to find the best ...More options instead of using the newspaper. Ernie was so excited that he showed it to fellow traders and let them use it also.
It was so successful that he decided to open the web site up to the public...and PowerOptions was born.
Since 1997, PowerOptions has built a winning team to support and continue development of the tools and strategies offered. PowerOptions now includes over 150 pages in its award winning web site and cover 23 of the most popular option strategies. PowerOptions has been reviewed and acclaimed by many in the industry: Forbes, AAII, Active Trader Magazine, New York Post, and Nightly Business Report to name a few.
PowerOptions is so innovative, the US Patent and Trade Office issued us patents in 1997 and 2007.
By 2000, we took over operation of OptionFind.com, a site that has similar options search engine capabilities.
Many of our subscribers told us that they loved the system, but had trouble finding the time to do their own options research. They suggested that we offer an advisory newsletter service. We released such a service under the name PowerOptionsApplied.com in 2005. This service uses our expertise and patented tools to search out, publish, and manage what we feel are great option trades. We offer Covered Calls, Diagonal Spreads and Iron Condors so far, more of your favorite strategies to come.
Also in 2005, we released our first publication in the options education arena. Covered Calls: Aggressive Strategy for the Conservative Investor is a self-study course. It includes a DVD, 130 page book, and a workbook to help beginning option traders learn the basics of the most popular option trading strategy: Covered Calls. The course also includes 2 free months of the PowerOptions online subscription service.
In 2008, we released our second and third publications to compliment our self-study covered calls kit... Naked Puts: Power Strategies for Consistent Profits is a beginner level text that illustrates the details of using cash secured puts to acquire stock at a discount and generate income. It covers the basics of the strategy from understanding the theory, entering a new trade and covers all the way through trade management.
Protective Option Strategies: Married Puts and Collars covers reliable strategies to generate consistent income and provide insurance, especially during times of financial crisis and uncertainty. Topics of discussion include tips on entering protective strategies and the theories behind them, as well as selecting the right stocks and proper protective combinations for investing in today's volatile market.
Also in 2008, we purchased the rights to the RadioActive Trading methodology. This investing methodology is just one strategy that options investors can use, but trading "RadioActively" gives investors a great chance of making money and keeping their capital while they do it. The RadioActiveTrading.com site offers plenty of educational materials to get any investor with any experience level into options trading with the ammunition he needs to be successful. After learning the methodology, investors can implement the trading style themselves with the help of the PowerOptions tools, or look over the shoulder of the RadioActive trading staff as they pick and publish trades to the FISSION advisory newsletter subscribers.
Most recently, in 2010, we published our fourth educational text. Iron Condor: Neutral Strategy for Uncommon Profit. The concepts, ideas, rules-of-thumb and real-world examples presented in the text have been gleaned from the PowerOptionsApplied newsletter's successful trading of the strategy. Readers can take the lessons learned by the PowerOptionsApplied newsletter and repeat the good and forgo the bad in order to profitably invest using the Iron Condor strategy. This text presents real-world examples, real-world profits and real-world mistakes, the concept of optimally trading Iron Condors by balancing risk, reward, volatility, stop-losses and other parameters to achieve the best results from trading the strategy.
Ernie and his staff are active investors; they use the PowerOptions tools and research every day. The company's staff is personally committed to providing you with quality service and an exceptional value.
Please feel free to contact us with any suggestions or problems that you may have.
If you are inside the continental US, our toll-free phone number is: (877) 992-7971, for users outside the country, 302-992-7971. If it is easier for you, you can also send us an email message by clicking any of the email links at the bottom of every page in our site.
SNAPSHOT
- Description: Independent trader. Trading frequency: Weekly
- Interests: ETFs, Options, Retirement savings, Stocks - long, Tech stocks
COMPANY
PowerOptions
Providing tools and education for stock option investors. Free webinars, expert coaching sessions and much more. Search the entire market for stock option investments. Supports 23 popular option strategies. Search by fundamental, technical and option related criteria all at the same time. Test your ...More
stock/option strategy with historical back-testing tools, which are much more efficient than paper trading. Portfolio management tools include one-click roll-out opportunities, portfolio alerts, transaction logging, and simulation of roll outs.
Also supports RadioActiveTrading.com methodology of using married puts to protect and insure positions. PowerOptions can do searches that meet the requirements for RadioActive Trading.
BLOG
PowerOptions WeBlog
Providing tools and education for stock option investors. Free webinars, expert coaching sessions and much more. Search the entire market for stock option investments. Support 23 popular option strategies. Search by fundamental, technical and option related criteria. Test your strategy with historical ...More
back-testing tools. One-click roll-out opportunities and portfolio tracking.
Book
The Blueprint
Learn: How to limit your risk in any trade. How to keep your upside open so that you literally have no profit limits. Income Methods 1 through 10. To reduce your risk, take income, or both. Using Income Methods to augment your returns while paying for your insurance.
Over 250 pages detailing step by ...More
Over 250 pages detailing step by ...More
step how to implement the RadioActive Trading Strategies.
Ten Income Methods that pull REAL CASH out of a stock position.
A Special Chapter on Combining Income Methods. This chapter details everything!
Several Appendices including chart reading and an Income Method Decision Table
Chapter One: Introduction
Making of a Married Put superhero: MY Story and how I had to go broke before I was ready to learn
Shocking my friend at the coffee shop with a 'sure thing'
How to use The Blueprint: Exercises, Quizzes, Illustrations, Reflection Sections
The silliest thing I ever did that made me money
Goals, affirmations, and your personal trading plan
Pareto's Principle: Why 20% of any group of players end up with 80% of the advantages
Who really makes money in the markets
How to join them
Feedback
Join traders over ten years, thirty countries, and help us continue improving The Blueprint
Chapter Two: Options Basics
Calls and Puts
Tools for leverage
The value of time
"Moneyness" and how it affects your trade
How to get into trouble
How NOT to
Options hedging stock
Options hedging other options
Debits, credits, calendars and collars
BULLETPROOFING: Arranging a position so that it can no longer lose but can continue to gain
Three basic principles: FIST, ATM Bell Curve, REDLine
The RadioActive Profit Machine
Exit strategies
Chapter Three: The Trade Simulator Tool
Evaluate your present money management plan
How you can be wrong more often than right and still make money
Being right vs. trading right
Chapter Four: RPM (Married Put) Setup
Length of time for play
Why RT works over the long haul
Chapter Five: Introduction to the CEGA Model for decision-making
Income Method #1: Selling a Covered Call to create a Collar
What strike price to sell
What month to sell
How much premium to expect
Other guidelines
A DEADLY "Newbie" mistake
Ways to manage IM#1
The catastrophe Report
Chapter Six: Income Method #2
CEGA Model
What Income Method#2 is
How not to do an Income Method #2 trade
When to consider other adjustments instead
Using Income Method #2 to adjust other Income Methods (preview), Catastrophe Report
Chapter Seven: Income Method #3
CEGA Model
The 'Bulletproof Vest'
How I discovered Income Method #3 Manipulating the put for income without any short calls limiting growth
Spike in time value, even as all the puts are coming down
When NOT to do Income Method #3
Catastrophe Report
Chapter Eight: Income Method #4
CEGA Model
The 'ATM Machine'
Another riskless spread trade
Another application of the ATM Bell Curve
Catastrophe Report
Bonus! Using margin to "two-step" your money
Hold a bullish stock position without any cash in it
Chapter Nine: Income Method #5
CEGA Model
Lecture at MIT
The 'Money Net
Riskless call spread done properly
'Double-dipping' a good stock's rise
Catastrophe Report
Management options
Chapter Ten: Income Method #6
CEGA Model
'Gimme My Money NOW"
Riskless Spread Trade
Leaving the unlimited upside potential of Married Put in place
Managing with Income Method #2
Advanced management techniques
Don't Time Trades, Trade TIME
Catastrophe Report and further management ideas
Chapter Eleven: Income Methods #7 and #8
CEGA Models
The Bulletproof Time Spread
The RadioActive Condor
Trading RadioActively in a sideways market
Catastrophe Reports
Chapter Twelve: Income Method #9
CEGA Model
"RPM Reboot" RadioActive Trading in a declining market
How Ernie MADE money on a declining stock
Chapter Thirteen: NO, not bankruptcy! RadioActively Trading Dividend-Yielding Stocks and ETFs. CEGA Model
Beware the "ex" date
How a Georgia anesthesiologist bulletproofs his Dividend yielding stocks
Search parameters for Dividend yielding stocks
Chapter Fourteen: Bulletproofing
The Grail of RT; lowering cost basis of the stock and put to below the strike price OF the put
Can win more, but can't lose anything
Infinite leverage
Synthetic positions
Chapter Fifteen: Combining Income Methods
Income Methods that go together
Income Methods that should NOT be combined
Using one Income Method to 'manage' another one
SWN example
PCLN example
Chapter Sixteen: Exiting the RadioActive Profit Machine
Ain't over til the fat lady sings
Timeframe, Stops, Target Gain
Do you swing?
What's your position
Your CEGA Model applied to exiting
Chapter Seventeen: The RadioActive Trading Support System
support@radioactivetrading.com
Fusion
PowerOptions
Seminars
Local groups
Chapter Eighteen: Life of an RPM (HPQ Example)
Conclusions about RT from a veteran trader
Actual Examples of Income Method application
Bulletproofing a trade
Result - A 12% profit in a declining market
Chapter Nineteen: How I find stocks to trade RadioActively
Stock Insurance Tool on Fusion or PowerOptions
Search parameters
Married Put search
Search by Symbol
Collar Search
Position Analysis tool
Trade Simulator Tool
Before/After tool
Backtrading, Historical Analysis
Appendices 1-8
Questions and Answers
Chart Reading
Income Method Decision Table
Bulletproofing Existing Positions
Trade Documentation
Reference: RT Principles in a Nutshell
General Reflections about the RadioActive Trading Journey
Other Products of the Power Financial Group
Ten Income Methods that pull REAL CASH out of a stock position.
A Special Chapter on Combining Income Methods. This chapter details everything!
Several Appendices including chart reading and an Income Method Decision Table
Chapter One: Introduction
Making of a Married Put superhero: MY Story and how I had to go broke before I was ready to learn
Shocking my friend at the coffee shop with a 'sure thing'
How to use The Blueprint: Exercises, Quizzes, Illustrations, Reflection Sections
The silliest thing I ever did that made me money
Goals, affirmations, and your personal trading plan
Pareto's Principle: Why 20% of any group of players end up with 80% of the advantages
Who really makes money in the markets
How to join them
Feedback
Join traders over ten years, thirty countries, and help us continue improving The Blueprint
Chapter Two: Options Basics
Calls and Puts
Tools for leverage
The value of time
"Moneyness" and how it affects your trade
How to get into trouble
How NOT to
Options hedging stock
Options hedging other options
Debits, credits, calendars and collars
BULLETPROOFING: Arranging a position so that it can no longer lose but can continue to gain
Three basic principles: FIST, ATM Bell Curve, REDLine
The RadioActive Profit Machine
Exit strategies
Chapter Three: The Trade Simulator Tool
Evaluate your present money management plan
How you can be wrong more often than right and still make money
Being right vs. trading right
Chapter Four: RPM (Married Put) Setup
Length of time for play
Why RT works over the long haul
Chapter Five: Introduction to the CEGA Model for decision-making
Income Method #1: Selling a Covered Call to create a Collar
What strike price to sell
What month to sell
How much premium to expect
Other guidelines
A DEADLY "Newbie" mistake
Ways to manage IM#1
The catastrophe Report
Chapter Six: Income Method #2
CEGA Model
What Income Method#2 is
How not to do an Income Method #2 trade
When to consider other adjustments instead
Using Income Method #2 to adjust other Income Methods (preview), Catastrophe Report
Chapter Seven: Income Method #3
CEGA Model
The 'Bulletproof Vest'
How I discovered Income Method #3 Manipulating the put for income without any short calls limiting growth
Spike in time value, even as all the puts are coming down
When NOT to do Income Method #3
Catastrophe Report
Chapter Eight: Income Method #4
CEGA Model
The 'ATM Machine'
Another riskless spread trade
Another application of the ATM Bell Curve
Catastrophe Report
Bonus! Using margin to "two-step" your money
Hold a bullish stock position without any cash in it
Chapter Nine: Income Method #5
CEGA Model
Lecture at MIT
The 'Money Net
Riskless call spread done properly
'Double-dipping' a good stock's rise
Catastrophe Report
Management options
Chapter Ten: Income Method #6
CEGA Model
'Gimme My Money NOW"
Riskless Spread Trade
Leaving the unlimited upside potential of Married Put in place
Managing with Income Method #2
Advanced management techniques
Don't Time Trades, Trade TIME
Catastrophe Report and further management ideas
Chapter Eleven: Income Methods #7 and #8
CEGA Models
The Bulletproof Time Spread
The RadioActive Condor
Trading RadioActively in a sideways market
Catastrophe Reports
Chapter Twelve: Income Method #9
CEGA Model
"RPM Reboot" RadioActive Trading in a declining market
How Ernie MADE money on a declining stock
Chapter Thirteen: NO, not bankruptcy! RadioActively Trading Dividend-Yielding Stocks and ETFs. CEGA Model
Beware the "ex" date
How a Georgia anesthesiologist bulletproofs his Dividend yielding stocks
Search parameters for Dividend yielding stocks
Chapter Fourteen: Bulletproofing
The Grail of RT; lowering cost basis of the stock and put to below the strike price OF the put
Can win more, but can't lose anything
Infinite leverage
Synthetic positions
Chapter Fifteen: Combining Income Methods
Income Methods that go together
Income Methods that should NOT be combined
Using one Income Method to 'manage' another one
SWN example
PCLN example
Chapter Sixteen: Exiting the RadioActive Profit Machine
Ain't over til the fat lady sings
Timeframe, Stops, Target Gain
Do you swing?
What's your position
Your CEGA Model applied to exiting
Chapter Seventeen: The RadioActive Trading Support System
support@radioactivetrading.com
Fusion
PowerOptions
Seminars
Local groups
Chapter Eighteen: Life of an RPM (HPQ Example)
Conclusions about RT from a veteran trader
Actual Examples of Income Method application
Bulletproofing a trade
Result - A 12% profit in a declining market
Chapter Nineteen: How I find stocks to trade RadioActively
Stock Insurance Tool on Fusion or PowerOptions
Search parameters
Married Put search
Search by Symbol
Collar Search
Position Analysis tool
Trade Simulator Tool
Before/After tool
Backtrading, Historical Analysis
Appendices 1-8
Questions and Answers
Chart Reading
Income Method Decision Table
Bulletproofing Existing Positions
Trade Documentation
Reference: RT Principles in a Nutshell
General Reflections about the RadioActive Trading Journey
Other Products of the Power Financial Group
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