You might want to take a closer look at their web site. I don't think it is anything like an infomercial. They tell you that the Snider Method course teaches you everything you need to know to immediately begin using it. They also give you a lot of general concepts about what it is and what it is not. Of course they don't give you all the nuts and bolts of exactly what would be taught. Then you wouldn't need to take the course! They don't give it away for free. Sorry.

Look. I couldn't care less whether you learn to do the Snider Method or not. Someone asked a question about it. I have 6 years of experience with it and don't mind sharing what I think about it. I'm not trying to "sell" it to anyone. If you don't like it, then don't waste your time on it. But I think what you said above is a complete misrepresentation of what is found on Snider's web site and in their marketing.

 

TSquare,

I sent you a PM. It kept telling me that I was logged out each time I hit send. So, you have three messages waiting for you. Each on a variation of the first. Sorry.

Orvil

 

I was VERY skeptical about it as well. I don't like flushing good money down the toilet. I knew nothing about options but wanted an alternative way to invest. I now know more about options trading and how to make income with it. My experience has been the same as 88's, 11-12% a year. Once all the bookkeeping stuff is online it will be even easier.

 

I've been doing it for 3 years. I've been averaging 15% in each account each year with no losses. I sleep really well at night.

Ed, if it's not for you, go find something else. A guy asked a question and it was answered.

 

So was I. I think everybody is at first.

And I agree... it's going to be really nice when the bookkeeping is automated!

 

The snider method seems to use a term called yield to claim it works. Mutual funds for example must use total return, snider uses yield. hard to compare objectively.

Buying a bunch of by necessity volatile stocks to generate options income means that if you have a winner it is called away for a small gain and if you have a loser you are stuck with it and its unrealized loss. so does this method work like that? if you included your losses along with your called away winners and measured total return what would be the result? if a loser stock in your portfolio goes to zero how is this accounted for in your total return?

 

And that right there is all the political content we should ever see on this forum, because some lean center-left, some lean far-right. And some prefer the center-right, while others can't move from the extreme left.

And you know what? They're all correct.

 

The Snider Method involves the same risk as any stock or mutual fund ownership. If the stock goes to zero, you lose. But, I haven't had any of my underlying stocks go to zero.

She has you dollar cost average into the position. The premise being even if the stock goes down it will eventually rebound. Meanwhile, you are deriving income until it is called away. Thus far, I haven't had any realized losses.

Still, I can recommend it. That's my personal experience.

 

Hi everybody,
Can someone who has switched to Jep airside give me an idea how big the binder for the mid-cycle revisions needs to be? I'm trying to consolidate my bags, and I don't want to get something too small or too big. Just a basic idea how much I'll have to deal with.
Thanks

 

I totally don't understand how open time is awarded. Can someone please explain? I read our PWA and it says trips with less than 12 hours to report go white slips, then yellow slips, then short call, then green slips, right? I have had a yellow in for 2 days. Why did 2 trips today go out to short calls and one to a green slip? Am I missing something?