Are You An Options Trader?

Learn how to

  • Reduce Risk

  • Create Monthly Income from Option Trading

  • Get Access to Free webinars and training

  • Just enter your information below and click "Get Updates!"

Get Tom's updates and a free account at Capital Discussions.

Category Archives for "News"

February 25, 2011

WordPress 3.1 Update: Could Not Open the Page, Too Many Redirects

<a href="http://www.wordpress official”>WordPress had a shiny new 3.1 update I found out about today. The features looked pretty interesting so I decided to install it on the sites I host on my windows 2008 server. I downloaded the files and ran the upgrade.php to install the update. On most of the sites, I had no problems. One I’m in the middle of setting up was giving me the “Could Not Open the Page, Too Many Redirects” error. What is going on?

CirclesI’m working with my graphics guy and wondered if he made some changes to that site. That was the only web site with the problem. He was also supposed to be working on a widget but he said he was just uploading some images at the time. That wasn’t it. What else could it be?

I use the web.config file within IIS to do this type of redirect. Anything not format will be redirected there. As soon as I took that code out of the web.config, the site started loading. But not the way it was supposed to load.

Something was redirecting it back to even if I had loaded. That seems to be causing the loop. Something was fighting with IIS! Since I had just upgraded wordpress, guess where I started looking?

Google to the rescue

I found a handy post talking about this very issue here:

Others were having the same problem. One poster, Jarnez, posted a solution that seemed to fit with what I was experiencing:

I just installed this plugin:

And it seems to have fixed my issue. I can bring up all the site pages now.

That seemed like my solution too. Disabling the canonical redirects in WordPress made sense with my theory. I also installed the plugin.

The site continued to load fine.

I put back the code in my web.config to redirect to and VOILA! The site was working again.

So it looks like something funky is going on with WordPress 3.1 and canonical redirects on windows servers. I installed this on five sites and only one had this problem. Hopefully if you have a similar problem, this is a possible solution for you.

January 18, 2011

Cool Commenting Policy

So I wandered over to Paul Wolfe’s Blog with his New Commenting Policy and I loved it right away! So what is it?

ElectricityIt’s a great idea that if you make a thoughtful post on my website, I’ll reply, and visit your website and post a comment on your website!

It’s a universal principle of influence: Reciprocity. [full length version] Dr. Robert Cialdini describes this in a fantastic speech at Stanford. The basic idea is we have a social obligation in our society to give back to someone if they give something to you.

This could take up some time when/if I have lots and lots of comments, but I’ll try to keep up as long as possible!

I look forward to hearing from you and putting this cool commenting policy into practice!

August 11, 2010

7 Benefits of Weekly Options

Weekly Options are relatively new but are catching on quickly. Traders in our community are testing the waters with them more and more.  The CBOE has a page dedicated to weekly options at

Here’s a list of seven benefits of weekly options:

1. High Frequency – Learn Faster

Every week is a new trade.    You have more opportunities to perfect your trading skills in a given time period.

2. High Frequency – Over Come Losses Faster

If you trade monthly options, you have 12 trades per year. With weekly options, you can have 52 trades per year.  This gives you more time to average out your trades and hopefully have a smoother equity curve.

3. High Frequency – Higher Annual Returns

Because you have over four times the number of trades in a year, if you can average even 1/3rd of your monthly yield per week, you should be able to have a higher annual return.

4. High Theta (this is a benefit for non-directional traders)

You can get in and out much faster.  Some of our students are in the market one or two days per week due to the high theta

5. High Gamma (this is a benefit for directional traders)

This is a benefit to directional traders. Weekly options should be very attractive to gamma scalpers

6. Less Market Exposure

If you are in and out of your trade in a few days per week, then there are several days per week you are out of the market (flat).  This reduction to market moving events is great!  Since the weekend theta decay is normally priced out of options by Friday, most weekly option traders enter on Monday to Wednesday.  Trading this way completely eliminates weekend risks which are 2/7ths of the entire year!

7. New Hedging Opportunities For Longer Term Positions

If you have a short term directional opinion, you can use weekly options in combination with monthly options or your underlying positions to protect yourself.  A good example is yesterday’s FOMC announcement.  You could have used the weekly options to hedge off risk until after the announcement was over and it was clear which waythe market was reacting to the news

Overall, weekly options provide some exciting new possibilities for option traders.  I’ll present another list tomorrow of the Dangers of Weekly options to compliment this list.  I’d love to hear if you can think of any other benefits to weekly options!  Leave a comment below with your additions to this list.

Picture of the Day

A fellow student and I share a love of the T-38.  Ed sent me a FANTASTIC book all about the T-38.  What a wonderful gift!  Thank you so much Ed!!  In my previous life, I was a T-38A Instructor Pilot at Vance Air Force Base, Oklahoma. It was a few years ago but the T-38A Talon is still my favorite aircraft to fly. It felt like sitting on the end of a telephone pole, going 500+knots! The fastest I had one was Mach 1.35. That’s MOVING!

The T-38 is a fantastic aircraft in formation. Very nimble with a 720 degree per second roll rate! Ahh.. the good old days! Enjoy the picture!

T-38A Talons from Columbus Air Force Base

T-38A Talons from Columbus Air Force Base

Subscribe to our blog via the RSS or email subscription.