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As the group name states, we are taking advantage of the unique opportunities presented by the creation of "Weekly Options" circa July 2010. Members here are traders with varied levels of options trading experience.
The focus of the group is to use the trade strategies taught by Preston "The Pirate" James, which are generally various spread trades on options that now expire every week.
The group will strive to improve upon our own options trading skills to realize larger profits and smaller losses. We will accomplish this through discussions and illustrations of the various options strategies as well as identifying reasonable risk tolerance levels for proper money management. Additionally, the group is intended to foster a pleasant and friendly atmosphere, so regardless of your experience with options, there will be something here for everyone.