Chip here. It's been a while since I've written an article for the newsletter, but I've got big news that I just have to share personally.
As you may have noticed, we've been upping our game when it comes to stock options. Earlier this year, we added a new page with options quotes and straddles. As part of that effort, we partnered with Tony Zhang and the team at OptionsPlay.com.
Tony shares my passion for helping online investors understand how to use and profit from technical charts and analysis, and because of that, our partnership with Tony and OptionsPlay has deepened significantly over the past year. In the past, you've likely seen Tony on several StockCharts TV appearances, on several guest videos, and most recently as a contributor to the "OptionsPlay" blog in our Articles area. If so, you’ll know that Tony has a knack for explaining complex topics in a way that is straightforward and easy to understand.
Given all that, today I am thrilled to introduce to you our latest collaboration — the OptionsPlay Strategy Center Add-On for StockCharts!
If you are interested in trading options, the OptionsPlay Strategy Center Add-On for StockCharts can immediately help you find unique, profitable opportunities and give you customized advice — in plain English — on how to trade each one. You can find much more information about this new add-on by clicking here.
The OptionsPlay add-on adds four new tools to your existing StockCharts account: the Strategy Center, the OptionsPlay Explorer, 6 auto-updating ChartLists, and exclusive educational resources from OptionsPlay.
The OptionsPlay Strategy Center:
Tony and I agree that this is a game-changing new tool for options traders. The Strategy Center combines the automated trade evaluation engine from OptionsPlay with the scanning and charting capabilities of StockCharts to give you unique insights into potential options trades that you cannot find anywhere else. Simply specify your technical scan preference, your options strategy, your risk profile, and the maximum risk you want to take on. The Strategy Center does the rest by giving you up to 50 stocks with options trades that match your criteria.
The OptionsPlay Explorer:
Once you've found a promising trade, click on the stock to see a SharpChart — with all your favorite indicators — and the new OptionsPlay Explorer underneath it. The Explorer shows you three different ways to trade, along with a graph for each strategy. Simply click on the graph you like and use any of the four tabs below the graphs to explore different trading approaches. My favorite tab is the "Plain English" one — what
could be simpler! You'll find the OptionsPlay Explorer inside our SharpCharts, ACP, and original Options pages.
The 6 Auto-Updating ChartLists:
Finally, the OptionsPlay Add-On includes six automatically updated ChartLists you can use with any of our StockCharts tools. Similar to what you see in the Strategy Center, each list contains the best opportunities for one of 6 different options strategies. Can't decide which of the 50 possible stocks you like the best? Pop the corresponding ChartList into our MarketCarpets tool to see what stands out. You can also review each of those stocks in CandleGlance or GalleryView to get the complete technical picture first. Finally, you can "clone" any or all of those lists into your personal ChartLists for later review.
As you can see, the OptionsPlay Strategy Center Add-On for StockCharts is an amazingly powerful new set of tools for technical options traders. I want to publicly thank Tony and his team for helping us create this amazing add-on. Priced at an additional US$40 per month, we are confident that it will pay for itself many times over.
Again, you can learn more by clicking on this link. Also note that many of these new features are available in a limited "demo" mode for you to test out. I encourage you to click around and check them out before deciding to upgrade. As always, our wonderful Customer Support staff is always available to help with any questions you have.
Thanks for reading through my long sales pitch! I know it’s a lot to take in, but this really is a big deal. It is my sincere hope that this will help you reach your investing goals even sooner.
Take care,
- Chip
P.S. "Cyber Monday" is starting early this year! Watch for our best sale of the year coming next week!
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