How long am I able to remain a Bronze Level member?

You are welcome to remain a Bronze Level Member at OptionsMeister as long as you wish. There is no expiration date. As long as you remain a Bronze Level Member, you will receive the OptionsMeister newsletter and have access to all the benefits of a Bronze Level Membership.

Where do I find the resources included with the Bronze Level membership?

As a “Bronze” member, you have access to a lot of great content which is constantly being added to. Your dashboard features buttons that offer convenient access to all available content.  OptionsMeister encourages you to upgrade to a Silver or Gold membership. An upgraded membership will give you access to a wealth of great trading-related materials and resources.

Can I access my membership on multiple devices?

Yes, the OptionsMeister website is accessible on desktop computers, laptop computers, tablets, and smartphones. OptionsMeister will develop an app for easier access to IOS and Android-based products in the future.

Where do I find help and/or support for issues that arise?

Your first stop to find answers to your questions relative to your membership and this site is right here! I encourage you to review all the FAQs in this module.  We have attempted to cover everything we could expect.

If you cannot find your answer here, then please go to the contact tab and send a question to us. We will get back to you as soon as possible.

Can I upgrade or cancel my membership level at any time?

Absolutely, there are no long-term contractual commitments. All membership levels are month to month. You are free to either upgrade your membership level or cancel at any time (we hope you don’t).

If you cancel your membership (we hope you don’t) your membership will be active until your next billing cycle. There are no “pro-rated” returns on membership fees.

What method of payments do you accept?

OptionsMeister accepts the most common credit cards using Stripe as the processor. OptionsMeister also accepts Paypal as a method of payment.

How do I change my method of payment for my membership level?

You can change your payment method on your “Account” page.

Do I receive a refund if I cancel or modify my membership?

OptionsMeister memberships are “month to month”. You may cancel or change your membership at any time. As memberships are only one month in duration, cancelled memberships continue until their expiration date. For that reason, there are no “pro-rated” returns on membership fees.

TRADING  FAQ

Aren't options too risky?

This is one of the most common questions that I am asked by traders that are considering trading options. My first response is always the same, “are they too risky to buy or too risky to sell”? I am not trying to be a smart a__, but many aspiring options traders don’t realize that options can be bought or sold. Yes, contrary to conventional wisdom, you can sell something you don’t own.

Do you have a suggested minimum account size?

Of course, you can fund your account with any amount, but federal regulations require a minimum of $2000 in order to be eligible for a Regulation T margin account. A probability-based trader typically uses a tiny percentage of their account to achieve above-average returns. For that reason, we recommend that the account be initially funded with a minimum of $5000.

There are two other benchmark levels of account size that you should note. To avoid the restrictions of a “pattern day” trader, the account minimum is $25,000. To qualify for a portfolio margin account, the minimum account size is $125,000.

What do you suggest as a maximum risk per trade?

A new trader should confine their trade strategies to defined risk trades. Initially, we suggest that the maximum risk is approximately $70 per trade for each one contract lot. That amount is the total risk on a vertical credit spread, the most common trade for beginning probability-based traders.

Do you have one specific "go-to" strategy for options trading?

This is a very common question. I always respond in the same manner. If you “put a gun to my head” and told me to pick one strategy, it would be a short strangle. My bias toward the short strangle is because it is a premium selling strategy and comprises just two legs, making it easier to manage or adjust.

Strangles, of course, are “undefined risk” trades and I would not recommend that a new trader use strangles as their core strategy.

Vertical credit spreads are the “go-to” strategy for probability-based option traders.

I am new to options trading. On which strategies should I focus?

That is easy.  As a “newbie” options trader, focus your trade executions on basic, “defined risk” trades. Simply stated, those strategies are vertical credit spreads and vertical debit spreads. It is of paramount importance that you spend the first several months of trading on finding, executing, and managing vertical spreads.

There are several reasons I would suggest you initially concentrate on vertical spreads:

1. Vertical spreads are the foundation of options trading. Most complex strategies are some combination of vertical spreads. It should make sense that if you master these basic trades, it will serve you well as you introduce more advanced strategies.

2. As a new trader, you are bound to make “operator errors”. With vertical spreads, you can mitigate losses from platform (technology) errors while you learn.

When would you recommend a trader consider more advanced strategies?

As you progress in your trading knowledge and platform proficiency you will naturally want to “expand your strategy horizon”.  OptionsMeister provides an “Options Strategy” module that categorizes all option strategies into Trade Level 1, Trade Level 2 and Trade Level 3 option strategies ranked by risk.

As a member at the “Silver” level or higher you will have access to this resource.