Placing the Order:
Practice proper money management and allocate a percentage of account equity you feel comfortable trading. Select a contract with minimum 55 days to expiration, Open Interest 30 times the number of contracts you wish to trade and Delta greater than .25.

Closing the Position:
Immediately after the order is filled, place a OCO (One Cancels Other) order to sell. We recommend placing a GTC order at our defined Limit and Stop.

Once the stock reaches our Take Profit, we have two options.
1. We can close the position out completely.
2. We can sell half our position and then place a Trailing Stop order for the remainder.

Placing the Order:
Practice proper money management and allocate a percentage of account equity you feel comfortable trading. Select a contract with minimum 55 days to expiration, Open Interest 30 times the number of contracts you wish to trade and Delta greater than .25.

Closing the Position:
Immediately after the order is filled, place a OCO (One Cancels Other) order to sell. We recommend placing a GTC order at our defined Limit and Stop.

Once the stock reaches our Take Profit, we have two options.
1. We can close the position out completely.
2. We can sell half our position and then place a Trailing Stop order for the remainder.

The Trade:
Status: Executed
Symbol: PNC
Options Symbol: PNC XW
Month/Strike: Dec 47.50 Put
Contracts: 1
Target Entry: $2.80 (or better)
Limit: $3.80 (take profit)
Stop: $.70 (stop loss)

Order Details:
Contracts: 10
Buy Price: $ 2.80
Cost Basis: $2811.45

Sell Date: 12-12-2008
Sell Price: $3.80
Cost Basis: $3811.45

Gain/Loss: $1000.00

Note:
Remember, always follow proper money management and abide by all trading rules. Do not get greedy and remain patient!

LEAPS® offer investors an alternative to stock ownership. LEAPS® calls enable investors to benefit from stock price rises while placing less capital at risk than is required to purchase the stock outright. If a stock price rises to a level above the exercise price of the LEAPS®, the buyer may exercise the option and purchase shares at a price below the current market price. The same investor may sell the LEAPS® calls in the open market for a profit. In addition, a buyer of a LEAPS® calls has the right to purchase shares of stock at a specified date and price up to three years in the future.

When looking for a service that provides LEAPS® picks — one service comes to mind. Everyone who has an interest in the markets has certainly heard of Jim Cramer, a former hedge fund manager, best-selling author, co-founder of TheStreet.com and host of the CNBC show Mad Money. The service I am referring to above is Cramer’s Action Alerts Plus service — which he trades for his charitable trust stock portfolio.

Cramer identifies “best of breed” companies to help investors profit from both individual stocks and market trends. Cramer guides self-directed investors in building or expanding their portfolios. Though Cramer’s focus is on the purchase of actual stocks, it is also a great service to use in combination with LEAPS®.

Action Alerts Plus Features:

• Email alerts of every buy and sell Cramer makes before he acts.
• 24/7 access to Jim’s personal multi-million dollar charitable trust portfolio.
• Weekly Roundups reviewing picks of the week and market activity.
• Quarterly portfolio update video.
• Alerts archive.
• Access to Cramer’s “25 Rules for Investing” and “10 Commandments of Trading”

LEAPS® and Cramer’s Action Alerts Plus service, the perfect combination for long-term options strategies.

Click here for more information about Cramer’s Action Alerts Plus
Click here for more information about LEAPS®

Trade Options Like a Pro
http://www.tradeoptionslikeapro.com

Placing the Order:
Practice proper money management and allocate a percentage of account equity you feel comfortable trading. Select a contract with minimum 55 days to expiration, Open Interest 30 times the number of contracts you wish to trade and Delta greater than .25.

Closing the Position:
Immediately after the order is filled, place a OCO (One Cancels Other) order to sell. We recommend placing a GTC order at our defined Limit and Stop.

Once the stock reaches our Take Profit, we have two options.
1. We can close the position out completely.
2. We can sell half our position and then place a Trailing Stop order for the remainder.

Placing the Order:
Practice proper money management and allocate a percentage of account equity you feel comfortable trading. Select a contract with minimum 55 days to expiration, Open Interest 30 times the number of contracts you wish to trade and Delta greater than .25.

Closing the Position:
Immediately after the order is filled, place a OCO (One Cancels Other) order to sell. We recommend placing a GTC order at our defined Limit and Stop.

Once the stock reaches our Take Profit, we have two options.
1. We can close the position out completely.
2. We can sell half our position and then place a Trailing Stop order for the remainder.

Regular visitors to our site may have noticed we began making all open and closed positions publicly viewable several weeks ago. What began as a simple test has increased membership sales and eliminated some support questions.

If you are not a member yet, click the link below and check out our previous trades to see for yourself why Trade Options Like a Pro and the Trade Alert’s service is the best value for options traders.

http://www.tradeoptionslikeapro.com/cat/trade-alerts/

Trade Options Like a Pro costs only $99.95 per month, or save by subscribing for an entire year for only $999.95! Not sure? We offer a 30-day unconditional money-back guarantee to test the service.

• Forget stop-losses, expect to lose your entire position before placing the trade.
• Reduce your normal position size from 5% to 3%, if that number does not produce trading opportunities — trade half of what you normally would trade per position.
• Take profits quicker, rather than wait for the 100% gain — take the smaller gains.
• Enter into positions with the greatest number of days before expiration.
• Trade ITM (in the money) contracts with best combination of high Delta and low Implied Volatility.

Obviously, in normal trading conditions, some of the bullet points above would be considered reckless while some would be considered extremely conservative. In this market, if you are not 100% comfortable with the above — I would suggest sitting on the sidelines until volatility returns to somewhat normal levels.

If you are considering our Trade Alerts service, there are still trading opportunties available, An analogy I like to use is rather than looking for a home-run each time — consider our service to be grinding out runs hitting singles only.

Placing the Order:
Practice proper money management and allocate a percentage of account equity you feel comfortable trading. Select a contract with minimum 55 days to expiration, Open Interest 30 times the number of contracts you wish to trade and Delta greater than .25.

Closing the Position:
Immediately after the order is filled, place a OCO (One Cancels Other) order to sell. We recommend placing a GTC order at our defined Limit and Stop.

Once the stock reaches our Take Profit, we have two options.
1. We can close the position out completely.
2. We can sell half our position and then place a Trailing Stop order for the remainder.

Placing the Order:
Practice proper money management and allocate a percentage of account equity you feel comfortable trading. Select a contract with minimum 55 days to expiration, Open Interest 30 times the number of contracts you wish to trade and Delta greater than .25.

Closing the Position:
Immediately after the order is filled, place a OCO (One Cancels Other) order to sell. We recommend placing a GTC order at our defined Limit and Stop.

Once the stock reaches our Take Profit, we have two options.
1. We can close the position out completely.
2. We can sell half our position and then place a Trailing Stop order for the remainder.

Placing the Order:
Practice proper money management and allocate a percentage of account equity you feel comfortable trading. Select a contract with minimum 55 days to expiration, Open Interest 30 times the number of contracts you wish to trade and Delta greater than .25.

Closing the Position:
Immediately after the order is filled, place a OCO (One Cancels Other) order to sell. We recommend placing a GTC order at our defined Limit and Stop.

Once the stock reaches our Take Profit, we have two options.
1. We can close the position out completely.
2. We can sell half our position and then place a Trailing Stop order for the remainder.

Overview:
RIMM is currently trading at a low that makes it difficult to ignore and we have received a buy signal from our indicators.

The Trade:
Status: Closed
Symbol: RIMM
Options Symbol: RFY KK
Month/Strike: Nov 55 Call
Contracts: 1
Target Entry:  $1.75
Limit: $4.75 (take profit)
Stop: $.85 (stop loss)

Order Details:
Contracts: 10
Buy Price: $1.63
Cost Basis: $1641.45

Sell Date: 11-04-2008
Sell Price: $3.60
Cost Basis: $3611.45

Gain/Loss: $1970.00

Note:
Remember, always follow proper money management and abide by all trading rules. Do not get greedy and remain patient!