We will put this early beta out to a few of our members to test the functionality. This first release duplicates everything version 4.2.5 currently provides to you. We need to make sure everything is smooth for our users before releasing it as our official product.

If you have a current license, you will get the update as part of your yearly support fees. In addition to all the future modifications as long as you are current.

Our goal is to release small quick updates to the code. This complete rewrite will allow us to add more functions that you have been requesting. This is the code base that we will use to build a more robust platform.

Our tentative release date is 2012-FEB-15. Like all software we may slip a week or two. But the early testing is looking good.

We have tried to clean the menu up for your use. The journal and risk management features are now integrated into the main interface. As we go forward, we need to add alerts, and more reports as well as more calculations for planning your trades before you get into the trading day.

Thank you all for your patience. This has been a 16 month project and it is finally coming to fruition. Your support has allowed us to rebuild OTrader and focus more on your needs!

Happy Holidays to you and your loved ones!

The OTrader / RooTrader Team!

My personal favorite is the Iron Condor which is made by using a bear call spread and bull put spread.

With the Iron condor we are looking to sell time and volatility. We look to sell options with a > 75% chance of expiring worthless. The Options Probability Calculator will help you determine which options have a > 75% chance of expiring worthless.

In the coming weeks I will be releasing my report of how I trade Iron Condors. It is an eight step check list for opening and closing the spreads each month.

Let me know if you would like a copy.