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Options
Trading System
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-- Trading
OEX Options like a pro! Learn
our day trading system for OEX Options trading using simple
tools like the Dow Industrials, NASDAQ 100, and S&P
Futures. Let us show you how Advance/Decline lines and
Net Volume levels demonstrate strength / weakness; see
how combining simple rules gives day traders a crystal
clear picture of what institutional traders are trading.
Institutional traders move the market - - Do as they do...
Follow our common sense day trading system and you'll
master options day trading!
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e-Mini
Trading System
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An aggressive eMini day trading system now
in its 5th year.
Mechanically day trade the fastest growing market, Russell
eMini Futures. Capture explosive profits in less than
30 minutes day trading eminis plus gain access to our
free S&P e-Mini system for consistent profits through
bull and bear markets.
Crystal clear trading alerts.
We hand you the day trading signal
before it occurs and make no adjustments!
*** NEW *** eMini
Futures AUTOMATION *** NEW ***
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At OEX Street, our philosophy is: "Day
Trading the Market with an Objective Approach".
OEX Street has published real-time OEX options trades
on the internet since 1999; making us an internet pioneer
in OEX day trading. In 2003 we introduced a day trading
eMini system for futures traders, both Russell and S&P
futures. After nearly a decade of hands-on day trading,
OEX Street has dispelled the myth of impulsive day trading
through the use of a mechanical trading approach. OEX
Street removes the influence of emotion and increases
the success rate, resulting in an objective, researched
day trading signal.
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If you are looking for a day trading
system then OexStreet invites you to sign-up to receive
our trading signals ABSOLUTELY
FREE.
OEX Street is real-time trades
with real-time trading results.
You be
the judge.
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**NEW**
Propero Trading System -- Click Here for Results
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Monday,
August 4, 2008
Closing Bell
OEX Option Results: +$1,000
+10%
eMini Futures Results:
Russell ER2 +$260
Today marked the 9th win in a row
for the Russell eMini. The system
hasn't suffered a loss since May.
Perhaps we'll go all summer without
a loss? :-)
Apparently someone wanted out of the
market in a big way this afternoon.
Our patience paid a large dividend
as we caught the tail end of the final
hour's plunge. 580 was key level and
once it broke there was no stopping
it!
Have a great evening and see you tomorrow
morning.
On
this day our members profited
with Put Options
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Wednesday,
July 30, 2008
Closing Bell
OEX Option Results: +$0.90
/ Contract +14%
Back-To-Back wins on the OEX! We swam
upstream to book $$ today, but I felt
that's where the opportunity existed.
After quickly becoming over-extended
on the short-term charts, the market
was struggling to find additional
buying interest this morning. I opted
to look for opportunities requiring
a pullback.
I also believed the drop would be
met with buying interest so we simply
jumped in and booked profits in less
than 1 hour!
Once again buyers came in to support
the dips (buy the dips). The break
above 587 did turn bullish and my
bearish assumptions proved false.
It was apparent that an attempt to
turn the Nasdaq 100 positive was in
play.
This is really starting to get interesting.
Buying interest remains strong. Even
financial 'hiccups' are being overlooked.
Have a great evening and see you tomorrow
morning.
On
this day our members profited
with Put Options
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Tuesday,
July 29, 2008
Closing Bell
OEX Option Results: +$70 / contract
Propero eMini Futures System:
http://www.oexstreet.com/track_record_emini_Propero.php
Russell eMini Results = -$80 / contract
S&P MidCap 400 Results = +$600 / contract
Patience does pay dividends! Though, this
payday was not as large as I had hoped for.
Nonetheless, we can't complain. Today was
not unlike yesterday when we saw a continued
trend and an exaggerated move in the final
30-minutes. This time, we took that information
and used it to our advantage.
Propero had another great day and the S&P
MidCap 400 continues to bring us the most
profits. As a reminder, Propero is my personal
trading system that I let annual members
use through the TradeStation automation
http://www.oexstreet.com/TradeStation%20Assistant.html
Have a good evening and see you tomorrow
morning.
On
this day our members profited
with Call Options & eMini Futures
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Tuesday,
July 21, 2008
Closing Bell
OEX Option Results: +$1,080 +8.4%
Never, I repeat NEVER, Buy at the ASK and
Sell at the BID when trading options. Well,
sometimes you may be forced to sell at the
BID if your position is free falling. But,
there is never an excuse to buy at the ASK.
There is plenty of education on this subject
posted on the website. It still amazes me
how people are willing to fund market maker's
vacation homes. Market makers get paid via
the spread.
Though, it appeared for a while that the
market would never pullback, we remained
patient and another chart pattern paid off.
This was a great way to start the week and
we'll look to add to these gains tomorrow.
On
this day our members profited
with Put Options
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Tuesday,
July 8, 2008
Closing Bell
OEX Option Results: +1,500 +20%
It was another fairly easy day to pen.
Well, I must admit that I got a little anxious
when the OEX fell to 572.15 and proceeded
to bounce over 3 points (while we held Puts).
That was an indication to me that a great
deal of buying interest remained. Fortunately,
that move reversed quickly and we were able
to get in and out within 50-minutes with
a sizable profit.
We used a larger target than normal this
morning and it paid a nice dividend. Remember,
identify your exit strategy first. Once
you've done that, the rest is easy. Obviously,
that's my strategy.
The Dow easily reached my target of 11,350
today. It was 11,276 at 12pmCT when I made
the "claim". There were too many
bread crumbs lying around not to notice
the obvious buying interest.
We'll look to add to these gains tomorrow.
On
this day our members profited
with Put Options
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Monday
July 7, 2008
Closing Bell
Monday's are becoming one of easiest days
to predict. Last Monday I pin pointed the
top and bottom 
and Today I did the same thing.
It's not my intent to predict tops and bottoms.
My intent is to identify areas of support
and resistance.
It just so happens that for two weeks in
a row the market has done exactly what I
thought it would to the letter.
This morning I noted the supply at 11,400
on the Dow. I also noted that the market
internals were contradicting the indicies
and we never discount them, NEVER. I stated
"If we see the net volume turn negative,
we should see a severe decline". As
soon as the NYSE's net volume turned negative,
the bottom fell out.
Later I stated "The weakness is really
starting to intensify now that we've broken
below last week's low on the S&P Futures.
I would assume we should see some support
near 11,150 as was the case on Thursday".
That's exactly where the market bottomed
this afternoon and developed a basing pattern
before breaking out here in the final hour.
The trade I identified as a "group
trade" would have come from a major
break of the lows (567) and I saw this as
a high probability trade. Apparently others
saw the same thing as the OEX bottomed at
568.11.
Once again, use the information provided
to you. It's ALWAYS provided ahead of time.
I never come in after the fact. I know many
of you are doing extremely well being proactive
and managing your own trades outside of
our core signals.
For those of you on the fence I encourage
you to at least paper trade these ideas
because it's probably the second best way
to learn. Repetitive observation is how
I became successful.
Have a good evening and see you tomorrow
morning.
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Wednesday,
June 18, 2008
Closing Bell
OEX Option Results: $2,100 / +42%
eMini Futures Results: Russell ER2
+$260
We certainly redeemed ourselves following
yesterday's disappointment in the OEX. Just
as yesterday's trade was textbook perfect,
so was today's. But, today's of course ended
much better.
Trading front month options (June) with
48 hours until expiration carries risk.
However, you may have noticed that I chose
the 610 ITM (in the money) options for this
trade because it carried a delta of -0.50%
(basically every point decline in the index
the option increases 50 cents). I felt our
risk wasn't as great going this route. Had
we chosen the 605's I believe the risk would've
been too great. In hindsight any of the
Puts
would have worked but I make preparations
for worst case scenarios ahead of time.
Also, looking to the July series just didn't
make much sense with large spreads and low
volume.
Also, I lessened our exposure by choosing
an entry based on a market bounce. I saw
support from Dow 12,000 (see earlier comments)
and planned an entry based on the bounce
I was looking for. Also, I noted that a
bounce would be significant and calculated
our entry of Puts based on the 12,100 resistance.
This was a fantastic trade because it allowed
us to buy the Puts while the premiums were
be eroded during the bounce.
And, since our target was 50% larger than
normal so too was our profit.
That's how it's played; identify an area
where you'd like to exit for profits and
then find the most logical, low risk entry
level. Well, that's what you have me for
:-)
The Russell eMini gave us a fantastic return
this morning. That's always a great way
to set the tone.
Have a good evening and see you tomorrow
morning.
On
this day our members profited
with Put Options
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Friday,
June 13, 2008
Closing Bell
OEX Option Results: +$1,000 / +23%
!!
Patience Pays Dividends. Broken record?
Don't care, it works :-)
OEX 614.50 was pivotal today and there's
no denying it. We came close to an entry
earlier in the day which would have been
successful. But, when those plans didn't
develop I pulled the signal and moved to
the sidelines. Then, we watched and waited
for the right opportunity and caught this
afternoon's surge. It doesn't get much better
than that.
Nice move here in the final ten minutes.
Anytime you're near the closing bell like
this it doesn't make a lot of sense to consider
a trailing position because just about anything
can happen. Today it would have been beneficial
but I base my decisions on statistics over
large sampling periods.
The S&P Futures spiked above the 1357
resistance level and this inflated the call
premiums, giving us an excellent opportunity
to book profits.
Have a great weekend and see you Monday
morning.
On
this day our members profited
with Call Options
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Wednesday,
June 11, 2008
Closing Bell
OEX Option Results: +$1,000 +12%
Wasn't that one of the most boring trades
we've seen in a while?
Wait a second! How can profits get boring?
Anyhow, patterns repeat themselves over
and over until proven otherwise. Yes, you
see this statement from me over and over.
That's the point! Drill it in where it sticks
and you believe.
It was a fantastic day for trading. Not
for those who have their wealth in mutual
funds and other stock holdings. Ouch.
Can you believe the OEX 60-minute chart
still hasn't reached an oversold reading
according to its RSI indicator? Could get
dicey.
Have a great evening and see you tomorrow
morning.
On
this day our members profited
with Put Options
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Tuesday,
June 10, 2008
Closing Bell
OEX Option Results: +$800 / +13%
These manufactured rallies just don't have
the guts to remain sustainable. Please read
my comments earlier on the subject. Learn
to recognize these driving forces and see
through the smoke. It's really not that
difficult.
I was a little surprised to see the Dow
fail to hang on to 12,300. However, given
the technical failure we witnessed two weeks
ago the bias is to the downside. I will
be closely monitoring the declining 5-day
resistance that I mentioned earlier. Barring
any out of the ordinary negative news overnight
I believe we will see higher prices tomorrow
morning and could easily test this moving
average.
Have a great evening and see you tomorrow
morning.
On
this day our members profited
with Put Options
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Tuesday,
April 22, 2008
Closing Bell
OEX Option Results: +$600 +8%
eMini Futures Results:
Russell ER2 +$250
Some days are stranger than others but regardless
of how we got there, we had all winning trades
today. This included the Russell eMini profit,
2 winning trades on the S&P eMini, and of
course the OEX put trade. I had a lot of conversations
with different members today regarding the OEX
and the current situation.
I always invite you to ask questions because it
helps you think outside the box.
As I mentioned earlier, some of you actually took
profits just as the OEX was approaching the 633
level near noon. I don't see any real harm in
that, but personally I prefer to follow the signal
verbatim.
I had another question regarding subjective intervention.
In other words, the eMini signals are 100% mechanical
but the OEX signals are NOT. So, why not make
adjustments to the trade? That's a good question!
Well, actually we do make adjustments but they
aren't common because the majority of our signals
are winners.
If you've been with me for any length of time
you probably remember reading something like "we've
moved into preservation mode as the market is
clearly not doing what we anticipated". It's
that type of intervention that I use when I no
longer believe the risk/reward makes sense or
when I can no longer quantify it at all.
In other words, if you're in a trade and it clearly
goes against you and you have the opportunity
to get out flat or with a little pain, that's
usually a wise move. In fact, I was about 5-minutes
from releasing that very message today before
the OEX rolled over and gave us our exit opportunity.
It's all about risk/reward and probability of
success to me. It's not about gut wrenching tape
reading and emotional trading to me, been there
done that.
I am very surprised that Dow 12,750 failed. There
was simply too much pressure in the Nasdaq 100
for the bulls to overcome.
Have a great evening and see you tomorrow morning.
On
this day our members profited
with Put Options
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Tuesday,
March 25, 2008
Closing Bell
OEX Option Results: +$600 +7%
eMini Futures Results:
Russell ER2 +$240
Patience pays dividends!
What do I mean by that? Well, as you've
probably noticed, over the past couple of
weeks, we've not traded the OEX options
as often as we normally do. Of course, this
is due to my cautious approach to the current
market environment. There are a lot of people
out there losing their tails trying to migrate
through these uncertain times. We can and
will remain profitable through any and all
market conditions because we have proven
trading techniques. We adapt to conditions
and are quick to recognize change. It's
really not that difficult if you know what
to look for. I'm always happy to hear your
success stories and today I was flooded
with instant messages.
The OEX did not reach the overbought reading
of 70 on the RSI indicator that I mentioned
the past couple of days. That was a surprise.
This tells me that the bulls have plenty
of ammunition to take this thing higher.
Therefore, keep that in mind as we go forward.
It seems as though we're due for another
round of negative news items. When will
the next one be???
Have a great evening and see you tomorrow
morning.
On
this day our members profited
with Call Options
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Tuesday,
March 11, 2008
Closing Bell
OEX Option Results: +$3,230 +30%
That was a fantastic trade. They threw a
huge gap at us and we made the most of it.
We had a rough set of trades last week but
we've come back swinging and are on top.
Patience pays off.
Earlier I received a message from a new
subscriber who already booked profits and
went about his day. He stated that the things
he's learned here are:
1. No over trading
2. Discipline (letting the trade develop)
I know it's working because I hear from
more and more newer subscribers all the
time who mention that they do things so
different now that they're a part of OEXSTREET.COM
that they did differently before. They traded
5 times as often and were always at a net
loss and couldn't figure out why. Experience
pays off and I'm glad to share mine.
Once again, congrats!
On
this day our members profited
with Call Options
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