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. During the trial please scroll back in the chat room transcripts and look at the trades. Ask members if they're making money. Feel free to join the trades.

What strategies are traded in Option Chat?

Option Chat 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.

How often does Option Chat 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.

What strategies are traded in Spread Chat?

Spread Chat sells out of the money call and put credit spreads. These are also known as vertical spreads and bullish put spreads and bearish call spreads. We only sell on one side of the stock (not both) and we have a directional bias. I focus on stocks with liquid options and I like to sell weekly options when possible. Spread Chat focuses on near term expirations to capitalize on time decay. There will never be more than four positions on at one time. If we can buy spreads back for pennies… we do. It is common for us to look for a return of 25% - 50%. We are going close to the money and this is an aggressive strategy.

How Often does Spread Chat trade?

Unlike Option Chat, there is always a good spread to sell. We will have many trades to look at and we will stick to our entry price. It will be common for us to submit 3 trades and to only get filled on 1 of them. Once the trade has been executed the rest is easy. We set the stop and we let time decay work its magic.

Are the prices in the track record accurate?

Yes. In the chat room I encourage members to post their fills and you will see them. Just look at their comments after we close a winner... you know they were in the trade. I would also say that most members are able to improve on the track record. I use the worst fills and I do not know what the market and the stock are going to do before the open. During the day we might hit a target and the stock continues to push higher. Many members ride the trade and they exit at a much higher price. The return percentage for Spread Chat is based on the position risk (that is also the margin requirement). If we sell a spread that has $1 between the strike prices for $.25, we have to put up $.75. That is the difference between the strike prices less the credit received. If the options expire worthless we made a 33% return ($.25/$.75).

Do you offer a free trial?

The one-week trial costs $1 and there is a limit of one per person. 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. My research was constantly stolen through perpetual trials using temporary e-mail accounts so I no longer offer a free trial. During the week you will see some incredible trades and I am confident this will be $1 well spent.

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. You will have plenty of time to enter the order. Exact entry prices, targets and stops are provided. The chat rooms are mobile friendly so you can view them 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, all of the information is posted in the chat room before the opening bell. You must come to the website to get the information. Consider setting an alarm on your phone at 9:20 AM ET and that will serve as your alert.

Do you provide exact instructions?

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?

All new trades and position updates are posted before the market opens. Come to the chat room before the open and you will NEVER MISS A TRADE.

Is your website mobile friendly?

Yes and the chat rooms are mobile friendly.

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. 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. If you have 5 minutes to check the chat room each morning and 5 minutes to enter trades you can make it work. That is less than 1 hour a week.

Should I get both chat rooms?

Yes. Members who have both chat rooms will have a constant flow of great trades. Sometimes conditions are good for selling credit spreads and sometimes they favor option buying.

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?

I no longer offer training, but you can go to YouTube and query OneOption. My channel is filled with hundreds of videos.

How much do I need to get started?

Our model account 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. During the trial you have ample opportunity to scroll back in the chat transcripts and to verify prior trades. You can see the fills posted by members and you can ask them if they are making money. 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.

What is the basis for your trades?

All of my trades come from my platform. 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 the platform 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 platform 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.

Do you still offer your trading platform?

My state-of-the-art trading platform is a part of Day Chat and I have closed that membership indefinitely. We have a highly trained group of traders and there will be limited windows of opportunity to join. Only members of Option Chat or Spread Chat will be invited. After 10 years of development all of the pieces are in place. The trading system, searches, the proprietary indicators and the order entry are humming. The platform support and training were overwhelming. This was disrupting my trading and I decided to simplify my life.

If your research is so good why don't you just trade?

  1. I trade my own capital and that is my primary focus.
  2. My subscription revenue for the last 10+ years has financed my system programming and research (a bottomless money pit). That was why I initially shared my research.
  3. I am doing my research anyway and these 2 chart rooms are zero maintenance after the open. Seeing all of the comments after a winning trade makes me feel great.

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