First of all, I’d just like to say hi to all the option traders out there, and then I would like to tell you about some of the exciting things that are going on with the San Jose Options Mentoring Program. Where do I start? Well, let’s begin with this week. This has been a very exciting week for me. San Jose Options just launched the Options Toolkit which can back-test over 4,000 optionable stocks with just a single click of the mouse.

I am very excited about the new software, and to give you an idea of the power of this monster, listen to this. What used to take weeks of research using other options back-trading software, now can be done in the Options Toolkit in just 1.2 seconds!

Just think of the value this software brings to the table. How many hours have you lost in your life by manually back-testing your option strategies? Now you can spend less time doing the research and more time trading. This is a product that will really change the way option traders invest.

Option Trading Results for Week 1

I just started using the Options Toolkit, and I made over 30% the first week. I traded 4 different stocks. On 2 of them I made 16% and 17% and the other two trades canceled each other out. I used the software to find the trades, back-test them and give me the data I needed to make these trades with confidence.

I think the options market has really needed a tool like this for quite some time now. The Options Toolkit is what every options trader needs to refine his strategies to perfection. It’s definitely the best thing on the market to gather data on trades and to find upcoming trades with higher probability.

Let’s look at an example of what I can do in the software. If I want to see what a stock would do over earnings, I just enter the symbol, select some parameters and click the mouse. Just one second later I have a good idea if that stock is a good candidate for that particular strategy over earnings. I instantly know how much it made in the past and can make a confident trade now. I have extensive data that would have taken me hours to do with other software.

Well, that’s about all I have time for at the moment. I just wanted to get the word out about this new tool by San Jose Options. It’s been a big project, and but it’s worth the wait. I’m loving the new Options Toolkit, and I’ll be using it in my studies and trading from now on. It will be developing as time goes by, but in this first release, the earnings tester is awesome and it’s helping me make some money which is the bottom line.

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