Welcome to Jeff Opdykes Precision Profits a service dedicated to trading on seasonality. Jeff and Chris Orr, our in-house meteorologist, study seasonal trends in stocks, and theyll share their findings each week to help you maximize profits.
To help you get started right away, take a moment to read through the frequently asked questions below. Have a question that isnt listed below? Check out our suggestions here.
If you wish to maximize your gains so you can rake in a consistent series of triple-digit winners, then yes, you have to trade options. Options provide incredible leverage. For many of the trades in the Precision Profits service, we are looking for only a small move in the underlying stock between 5% and […]
Yes, but its not difficult. If you already have a brokerage account, you might need to request authorization to trade options. However, the process is very simple and often takes less than five minutes to complete. Check with your brokerage firm to see if they will allow you to upgrade your account online. If you […]
You will typically need Level 2 options trading approval (levels can vary depending on what brokerage youre using), which allows you to purchase calls and puts. Its one of the safest strategies because your risk is limited only to the money spent purchasing the option. Youll never be required to add more money to the […]
We encourage you not to use a full-service brokerage firm because youll pay significantly higher fees to get in and out of trades. Overall, most brokers charge a set fee for each options trade (usually around $5 to $9) and then a variable fee per contract (about $0.50 to $2 per contract). Below, we have […]
Limit orders are a way of setting the maximum price you are willing to pay. If the option is infrequently traded, it will often have a wide spread (the distance in price between what someone will pay to purchase the option versus what someone is willing to sell the option for). As a result, you […]
The Precision Profits strategy is to buy “at the money” options. So if a stock is trading near, say, $105, Jeff buys the $105 options. If it is between strikes trading at, say, $107 with strikes at $105 and $110 Jeff looks at pricing for the two options, and expectations for the stock […]
During the first year we beta tested the Precision Profits system, it averaged one trade per month with a 100% gain. Now, you have to keep in mind that there were some months where we closed out several trades for triple-digit wins. And there were some months where Jeff traded less frequently because the conditions were […]
First, its critical that you do not have your entire trading portfolio dedicated to options. You must stay diversified so you are not only protected against unexpected market volatility, but also so youre well-positioned to profit from any significant moves higher. You should still have your staple investments while dedicating a small portion of your […]
Stop-losses are a great way to limit losses with stocks, but options are a different matter. We dont use stop-losses often for one reason: Options are incredibly volatile. They can make quick, violent swings based on temporary or even irrelevant news. So an options stop-loss can be triggered even if the underlying stock is performing the […]
Precision Profits is for risk-tolerant investors who are able to stomach losing 100% on some trades. We dont frequently lose that. But more often than not, if a position is a loser, its a 100% loser and thats on purpose. We generally hold positions to the bitter end because on more than one occasion […]
In general, Chris and Jeff look out to the upcoming season, so these are relatively short-term positions with expiration dates three to six months later, on average. And so far our average trade has lasted about two months. That said, Jeff also expects some options he recommends to move quickly, maybe because of a certain […]
In general, we think its best if you do not reinvest your gains. With options, there is always the risk that the underlying stock moves sharply against you in a single day and your position suffers a 100% loss. However, as you develop confidence in the service and with trading options in general, you might […]
Not all brokers allow you to place a trailing stop. More importantly, a trailing stop is calculated using the highest price of your asset while youre holding it meaning the trailing stop follows the movement of the option. If the price rises, so does the trailing stop. Since options can swing widely day-to-day, we […]
We have often been the ones who effectively launch trading in certain options. This isnt necessarily a rare occurrence or a bad thing. While many companies we track in Precision Profits have a fair amount of volume and some have a ton of volume numerous stocks have very little options volume before we […]
