Ron, I want to say thank-you for the terrific innovation of the STT and variants. I've now spent some time with the Jan version in the simulator, and it's just an amazing way to leverage portfolio margin, creating a trade that only uses $375 margin to get say, a $409 expiration profit and still have a hedge down at SPX 2000. Really extraordinary.
Ron is probably one of the best traders and teachers I have met who takes complex ideas and turns them into simple explanations...this is very hard to do.
I wanted to thank you again for your Brilliant work with the Space Trip Trade. This trade is relatively easy to initiate and maintain, yet when utilized in the way that you explain and teach, it becomes an extremely sophisticated and powerful trading tool. This trade has been a Game-Changer for our options trading program.
Ron is extremely knowledgeable in how options behave and in translating that "know how" in creating very unique and profitable trades. In my opinion, one of his best traits is how he clearly communicates the setup and management of his trades and more importantly the reasoning behind why they work.
I paid for the full training package at Investools and Online Training Academy. I am quite active in multiple trading groups and the traders I most look up to also look up to Ron. Ron understands options, the Greeks and back testing better than any other advisor or trainer I am aware of. He understands the relationships better than the tool models in TOS, OptionVue, or ONE. He can tell you the model shortcomings and which model to use for which purpose. He is a master back tester and gains his insight from trading, testing and not guessing. He has developed multiple trades that are far and away the best for their purposes. I look forward to Ron setting up his advisory and related tools and training.
I have interacted with Ron on several message boards and one-on-one. I have also attended his webinars on options trading. He is one of the rare traders that knows what they are doing and are constantly working on improving. He genuinely cares about his students and is willing to go the extra mile to ensure their success. He breaks complex concepts down to easy, digestible and actionable steps.
I've learned more about Butterfly spreads, Condor Hedge trades and the practical application of technical analysis from Ron than any other coach I've worked with. Ron's knowhow is unparalleled and he's the most well read trader I've come across. You won't regret working with Ron.
Ron and his Space Trip Trade (STT) have made a significant impact on the level of safety I feel trading monthly income strategies. I routinely trade at the money structures and have found myself frequently tested by adverse market moves over the past year. I have traded five live expiration cycles of STT positions to date and can say with confidence that the peace of mind combined with the positive expectancy make this a trade than I plan to use as the core of my options portfolio well into the future. The development of the STT is a significant accomplishment and one that I believe marks just the beginning of Ron's contribution to both options theory and practice. Well done!
Ron, just want to say a great big thank you for the Space Trip Trade hedges for my 19 Aug SPX and RUT Road Trip Trades placed a couple of weeks ago. They're doing nicely, thanks to you, whereas without them they'd be toast.
[update] Just an update on my 19 Aug RUT STT-hedged RTT. Up nearly 12% on Reg T, would have been a 8% loser if closed last week without the STT hedge. I plan to close it out next week. Thanks again, and again, and again...
On a personal note, I have followed or subscribed to close to a dozen trading sites over 6 years, and your research has the best quantification for complex strategies, enabling safe extrapolations to predict behavior of OTM trades. Being a retired chemical researcher, your research style is near and dear to my heart.
I was fortunate enough to not fall into the traps that a lot of newbies fall for, in part due to Ron's videos and group chat discussions. His trade setups such as STTs are very creative and his explanations are very clear. Ron's weighted vega presentation was certainly was very educational and it cleared (via historical trades) a lot of the common misconceptions. He also mentioned a kite adjustment which saved me some pain. I would highly recommend Ron as a mentor as there's a wealth of knowledge to extract from him.
Ron looks beyond the conventional wisdom of many aspects of options trading. He has a knack for identifying concepts that at first glance seem to be straightforward, and yet often prove to be more nuanced when analyzed in greater detail. He creates insightful presentations that clearly explain these key issues, and more importantly, their sometimes counterintuitive impact on common options trading strategies. This deeper level of analysis often determines whether or not a particular strategy actually has a definable “edge.” Ron also has a thorough understanding of the most popular brokerage trading platforms and options trading software applications currently available (i.e., ThinkorSwim, OptionVue, Option Net Explorer), as well as the inherent idiosyncrasies of the greeks generated by them.
Having studied under many trade mentors, I can thoroughly recommend Ron as someone who is consistent, knowledgable, insightful, and helpful.
His trade examples are live, so the individual trader can place the exact same trade and follow along....no cherry picked trade examples that always seem to work out...everything is live.
Ron is a patient mentor...no question is too elementary, and he is always willing to show errors in the traders thinking and suggest better methodologies when a question is submitted to him.
Just a quick Thank You to Ron Bertino ... the man is a genius... but here are my 2 cents... today was a $19,000 profit as I closed several positions... for the last 30 days it's close to $60,000 in profits on about $650,000 in open positions. I would not be comfortable with that amount of risk without the benefit of Ron Bertino's excellent Hedge/Income trades. If you are not taking advantage of his expertise then you are missing ... or ... more accurately... risking too much!
With Ron's hedges I have a current max loss of 17%, if the market dropped by 10% - 20%. That's a manageable loss in the event of a sudden correction. In the event of a greater than 20% crash I am 100% hedged and could actually MAKE a profit!
The way I manage the hedges is clearly wrong and could be greatly improved but... the total cost of the hedge is under $25 per month for each $10,000 at risk.
If you want to make a living trading this crazy market and have less stress worrying about a correction or Black Swan event, then you need to learn what Ron is sharing. Like I said, he is a genius.
So THANK YOU RON BERTINO for all you do!
I’ve received many valuable trading insights from Ron Bertino. His understanding of successful trading strategies and disciplines is both deep and broad at the same time. Options trading is a unique investment sector and requires quantitative as well as conceptual understanding to become consistently profitable. Ron is able to describe complex and interrelated ideas in a clear and simple manner.
He also digs deeply into the concepts to get a handle on the correlations between price, Greeks and trade structures. I highly recommend your attention to his trading thought processes and market wisdom.