What is 1Option?

1Option was founded in 2006 by me - Pete Stolcers. I'm a seasoned veteran in the options industry with 30 years of experience and I trade full-time. The options industry is filled with hype and my goal is to provide an honest, transparent resource for option traders. My sole focus is performance. That's why I put my P&L on my homepage. Option Buyer is designed for working professionals who want exact trade instructions from start to finish. Option Stalker a powerful search engine designed for traders who what to find their own high probability opportunities.

How can I learn more about Option Stalker?

I have not provided much information about Option Stalker in this FAQ page because I have dedicated an entire library of videos to it. Everything you need to know is in those videos. Option Stalker offers near real-time data from the IEX exchange. It is called near real-time because it is updated every minute and because it is only from one exchange. If you are using a five minute chart you will not notice much of a difference. A 15 minute chart or longer is usually identical to a chart that uses consolidated data. Traders who have brokerage accounts with Tradier or Interactive Brokers can interface through the API and they can get real-time consolidated quotes. You can also trade through Option Stalker through those brokerage APIs.

Do you offer a trial for Option Stalker?

Option Stalker has a one-week trial that costs $1 and there is a limit of one per person. You will have full access and near real-time data. If credit card security is your concern, please know that 1Option does not collect credit card information. The transaction is processed by one of the nation's largest transaction gateways (Authorize.net) and your credit card information is as secure as possible. The fact that you were willing to spend $1 tells me that you are serious. During the week you will find some incredible trades using Option Stalker and you will see great trades posted in the chat room.

Why is the software called Option Stalker?

We are directional traders and that means we have to patiently wait for conditions to line up. Everything starts with the market and my comments and futures trades will keep you on the right side of the action. The Market Rating and Market Signals in the chat room will also help you. With the wind at your back (market) you can target stocks using the Option Stalker scanner. It will put you right at the point of ambush. Pounce on the opportunity and share the trade with the other traders in the chat room.

What strategies are traded in Option Buyer?

Option Buyer only buys calls and puts. This is the easiest option strategy conceptually and the limited risk makes it the most popular strategy. The problem is that very few traders (or newsletters) can produce consistent results. The key is to know when to trade. Time decay is always eating away at the premium and the timing has to be perfect. I insist on having the wind at my back (market momentum) and I look for a specific high probability pattern. We buy monthly options with more than 6 weeks of life. All trades and all position updates are posted before the open and at 1:00 PM ET. Daily market comments are posted before the open and you will always know my bias.

How often does Option Buyer trade?

There are not a set number of trades. I trade when conditions are right. If my confidence is very high I will have a maximum of 4 positions on. When the probability is low we might be in cash. You can look at the track record and get a feel for the frequency. Trades might last a few days or a few weeks.

Are the searches in Option Buyer real-time?

I post two real-time searches in Option Buyer that I feel are appropriate for current market conditions. Click on a symbol and view the 5 minute and daily chart for the stock. The symbols with a yellow background are new to the list since the last cycle. This helps members see new candidates. I am able to create and swap in new searches as needed. I often post comments on stocks that came up in the list and that look attractive. They are not included in the track record. I do this to give members more opportunities. There will be times when I do not like market conditions and I might not be trading. If you do like the current conditions, these stocks will perform. The entry and exit will be up to you. In general, I like to see: 1. Compressions, breakouts, high volume and strength relative to the market. If I have all of these elements the probability of success is high.

Are the prices in the track record accurate?

Absolutely! New trades are posted before the open (everyone has a chance to enter the order before the open) or at 1:00 PM ET (I take the first print after 1:10 PM ET to give members 10 minutes to enter the order). I take a screen shot of time and sales to verify the prices and I post the screen shot for all entries and exits.

Do you offer trial for Option Buyer?

The trial for Option Buyer costs $1 for 1 week. During the week you will have full access and you can scroll back in the transcripts to see trades from many months ago. The trial will give you a feel for what to expect and you can see time and sales for every trade.

Do you offer auto trading?

1Option does not offer auto trading - there is no need for it. Every trade and every update is posted before the market opens or at 1:00 PM ET. You will have plenty of time to enter the order. Exact entry prices, targets and stops are provided. The website is mobile friendly so you can view it on your cell phone. I don't want robots, I want members who are involved in the trade and I hope they learn how to do this themselves.

Do you send e-mail alerts or text alerts?

No. I ask members to set a phone alarm at 9:20 AM ET and 1:00 PM ET. If you visit the mobile friendly website twice a day you will never miss a trade.

Do you provide exact instructions for Option Buyer?

Every trade includes detailed analysis with an annotated chart. Exact entry and exit (target and stop) instructions are provided. You will have all of the information you need.

When are new trades posted for Option Buyer?

All new trades and position updates are posted before the market opens or at 1:00 PM ET. Come to the website during those times and you will NEVER MISS A TRADE.

Is your website mobile friendly?

Yes.

Will I have an issue entering trades because of your large member base?

No. We have never had an issue with entry or exit due to liquidity for Option Buyer. I only trade the most liquid options like AAPL, NFLX, SPY and QQQ.

How do I get support?

On the home page please click the green Live Chat banner (flashing in right margin). I will answer your questions during market hours.

Who writes your market commentary?

All of the research you see is done by me. I spend hours each day analyzing the market. Everything starts with the market so I'd better get it right.

Can I do this part-time?

Yes. You just need 5 minutes twice a day to check the website and to place the trades. That is less than 1 hour a week. Option Stalker is great for swing trades and many members use it after hours. The searches can be so targeted that you will only have to sift through a few stocks.

Is the subscription set to auto-renew?

Yes. You can cancel the auto-renew at any time in the Account area and continue to use the chat room until it expires. You can also update your credit card information in the Account area.

Do you offer any training?

Yes. I have a library of videos dedicated to educating traders. Please click "Stalker Training" on the main menu. Option Buyer has annotated charts and a detailed analysis of the trade so you will learn my process.

How much do I need to get started?

Our model account for Option Buyer is based on a $10K starting balance. Less is viable but you should have at least $5K.

Do you offer refunds?

1Option does not offer refunds. Before you purchase a product you will have ample opportunity to scroll back in the chat transcripts and to verify prior trades. If you are not sure if you want to join, hold off and monitor the track record on the home page. I post ALL trades. Option Stalker has a $1 Trial that lasts one week and you will have full access to the software and the chat room. After one week you will know if it suits your needs.

What is the basis for your trades?

All of my trades come from Option Stalker. I've spent an incredible amount of time and money developing my searches, systems and indicators. I am a directional trader and I believe that is the best way to make a lot of money. My last 30 years have been spent on the trading floors of Chicago, the corner office a large brokerage firm, trading options for a hedge fund and trading my own capital. My market analysis is extremely accurate and Option Stalker helps me zero in on the stocks. Every trade has a game plan and it is outlined in my comments. In short, I have this process down to a science.

Why is 1Option so successful?

30 years of experience, countless hours of research, a state-of-the-art technology and a great deal of patience. The last ingredient is perhaps the most important. I won't trade if I can't predict the market or the stock.