Questions? Wonder what Options Dojo does or how it works?
If you have a question we haven’t addressed, please contact us!
Why is Options Dojo the best choice?
We have the Sensei. His experience and insight is only available as his private client or here, on Options Dojo.
We do not make exaggerated claims. Our philosophy is small and steady gains with minimal to zero additional risk to your portfolio. As it happens, those small and steady gains add up quickly to substantial gains. We do not go for the long shots or buy many options. We prefer to sell the time value of the option and then stand back and wait.
Options Dojo is unique in offering free SMS trade alerts right to your phone. A trade that is hot in the morning might be cold by afternoon and we make sure you do not miss out on timely advice. Email follow-ups detail the trade. That keeps you trading and profiting in real-time, not just when you check your email inbox. We believe this is a significant advantage.
“An investment in knowledge pays the best dividends.” Ben Franklin
How much does Options Dojo cost?
The first month is free, then a top-level Black Belt membership to Options Dojo is $39.95 per month. We guarantee that if our ROO, return on option, does not earn at least the subscription fee one month, (not including trading costs, of course) your next month is free. (We’ve never had to do this) Should you decide you’ve learned enough to trade on your own, cancelling your subscription is easy with no obligations. Or trade with us a few months, trade on your own, then trade with the Sensei again. It’s all just one click away. We make it as easy as possible for you to build wealth with Options Dojo. The real question is…. how much wealth will elude you if you don’t utilize Options Dojo?
Our Green Belt membership is always free and includes the Sensei’s educational blogs, along with archived trading blogs so you can learn from past trades. It is suitable for new investors who would like to see some of our more recent trades without committing to a subscription.
“The more you learn, the more you earn.” Frank Clark
I am totally new to options trading where should I begin?
The best way to begin is by first learning the basics of options and options terminology.
If you are completely new to options trading, we suggest you first take advantage of the many free resources for a great options education. If you do not know what a call is, or a vertical, or theta and delta; please do some self-study at these great web sites:
Subscribe to our free GreenBelt membership and watch and learn until you are comfortable. To learn the art and science of options you’ll want to be proficient in general terms and methods, know how to place a trade and understand some of the basic concepts of the stock market as well as the options market. The GreenBelt membership unlocks many educational posts for beginners and for those traders wishing to polish up their skills.
We recommend everyone interested in trading options take advantage of this free download:
You can learn as much or as little as you desire, as the Sensei will be guiding you through trades, however you will need to have a basic understanding of the process to be successful.
In addition, it is absolutely crucial to build at least a basic understanding of tax laws prior to embarking upon any options trades. We recommend that ALL trading take place in a tax-protected account. An IRA, rollover 401K, Roth, etc. Trading in a cash account is not recommended as you will encounter short-term capital gains taxes, income taxes, and a lot of end of year tax paperwork.
When you are ready to create wealth, one click will give you access to our Black Belt membership which will unlock the daily trades and market analysis of the Sensei.
“How many millionaires do you know who became wealthy by investing in savings accounts? I rest my case.” Robert G. Allen
What is included in an Options Dojo membership?
Your Premium Black Belt membership unlocks and average of two to four trades per week by the Sensei. You will be able to look over the shoulder of a world-class options trader. You will also get timely guidance on market direction and trends, commentary on what’s moving and why, and the methodology of the trade. The Sensei trades many times a month and posts the most strategic. We select both covered calls and puts for consistent performance. We also use strategies such as collars, using both calls and puts together to protect or generate income. We help you select income generating positions and we help you manage and exit trades when necessary. You also get everything included in the Green Belt membership.
Your free Green Belt membership gives you access to educational blog posts and archived trading blogs so that you can learn from past trades. It’s a good place to start for new traders!
“You must gain control over your money or the lack of it will forever control you.” Dave Ramsey
What is the minimum account starting balance you suggest?
The minimum account size should be $20,000 to $25,000. Options Dojo targets a return of 2-4% a month, or ~1% a week, so a $20,000 account could potentially earn you $200 a week or $800 a month. We encourage a portfolio balance and believe in not playing where your investment tolerance won’t allow. Loss mitigation is just as important to Options Dojo as wealth building. Therefore we look at portfolio percentage rather than absolute worth. You should always start trading options with a balanced and reasonable portion of your portfolio.
“It’s not just how much money you make, but how much you keep, how hard it works for you.” Robert Kiyosaki
Can I be successful trading with a small account?
You can be successful with a small account. The key is to trade where you can afford. For example many stocks sell for under $20 and we have calls available for you to sell against your position. The minimum option is 1 contract, this requires 100 shares of a stock or ETF. Therefore a trade requires a multiple of the underlying’s price, IE: a $20 stock would require $2000 to trade one contract. The Sensei also looks for companies that pay dividends and sells calls against them, thus giving you the opportunity to increase your yields with both options premium and dividend return.
If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.” Edmund Burke
I currently have a full time job, how much time do I need to focus on trading options to make it profitable for me?
At Options Dojo we do the footwork for you. It does not require a lot of time to create additional income, hedge your portfolio and maximize your potential. If you prefer to trade by looking over the Sensei’s shoulder you only need the time required to place the trade. As your comfort level increases and/or you become more engaged with options trading, you can invest as much or as little time as you desire.
“Success is having to worry about every damn thing in the world, except money.” Johnny Cash
How many trades will I receive each month?
Two to four trades a week is quite common. The number of trades provided depends on the opportunities provided by the market; the number you choose to trade will depend on your other positions as well as the size of your account. Obviously a larger account allows greater diversiﬁcation. In addition some of the underlying stocks and funds we use have weekly options available and some do not. Typically you will get more trades than you can use. The Sensei trades many times a month, providing many opportunities. Look over his shoulder and pick and choose to suit your needs.
“A goal without a plan is just a wish.” Antoine de St Expery
Do you manage trades after they are placed?
Yes! The Sensei manages all open trades. If the market moves in such a way that action is needed, either corrective or to take profit, you will receive a timely text alert and an email. The Sensei will not leave you hanging in a trade that needs action.
“There is always room for improvement, no matter how long you’ve been in the business. Oscar De La Hoya
What is an average amount of time you hold a trade position?
The amount of time we hold a position corresponds with our target return as well as risk management. Options are available on many underlyings in daily, weekly, monthly and LEAP time periods. The Sensei evaluates the option expiration as part of the overall management of the trade. For example AAPL has a 3% dividend and we may look at a 90 day call for another 6%, while giving us room to adjust. Experienced members that look for added income generally stagger their portfolio’s maturities. By staggering maturities we have the opportunity to re-write the calls and generate additional premiums as well as adjust the target prices. Trade management is key to expiration selection.
“Strive for continuous improvement instead of perfection.” Kim Collins
What trading platform(s) do you recommend?
Choosing a broker is a personal decision so we cannot recommend specific firms to you. You of course will want to select a broker you trust, that has a trading platform you can use and understand and that allows you to trade without high fees.
The Sensei uses Interactive Brokers, a low cost online broker. You can trade stocks and options for as little as $1.00 per trade and they provide a wealth of educational resources. Fidelity is a well respected firm, and Charles Schwab offers “StreetSmartCentral”, an intuitive trading platform.
“You don’t have to be great to start, but you have to start to be great.” Zig Ziglar
What is the difference between 7% and 10%?
Most people would answer 3%. But in the world of investing, it could be much more. In our example, it could be $328,934. How is that possible? If you invest in the stock market and do nothing, you might average 7% over twenty years. $100,000 invested would become, with compound interest, $403,873.
But with a moderate increase in that rate of return to 10%, that $100,000 becomes $732,807. The difference, $328,934, perhaps between a successful (early?) retirement and working another five or ten years.
Options trading with the Sensei is a performance-tested method that can give you that additional percentage gain, and often, much more. Trade along with the Sensei and build your wealth!
“Financial freedom is available to all those who learn about it and work for it.” Robert Kiyosaki
Do you sell my contact info?
Nope, never. Period.