Weekly Index Options became available on the Chicago Board of Options Exchange in 2003. I have watched this type of Options Trading mature as the Traders became more sophisticated and as the trading software I have developed became more refined. The principle strategy I use for trading Weekly Index Options is to use 2 sigma Condors: Short Calls 2 standard deviations above the market and the Long Calls the next strike price higher; Short Puts 2 standard deviations below the market and the Long Puts the next strike price lower. I have developed software using Weekly Index Options. I have simplified the software so that it uses only GOOGL, SPY and SPX Weekly Index Options expiring each Friday. I have had to develop trading tips to Win when Wall Street caused Daily large Up and Down movements in the Indices SelfAdapSPYSPXweeklyVLTY is the name of my software which I use to Win despite large daily fluctuations in the Indices. The software described in this book uses free 15 minute delayed CBOE weekly option quotes.
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Jon Schiller received the BS in Physics from the California Institute of Technology (Caltech) and the MS and Ph.D. from the University of Southern California (USC). As an executive of an aerospace corporation he designed guidance and control systems for aircraft and missiles. After retiring he became active writing documentary books using research from the Internet in addition to creating books about options trading strategies which use his mathematical skills.
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