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Abstract

How to Use Index Iron Condor, Directional Elliott Wave, and Sideways
Calendar Options Trading Systems to Make Reasonable Consistent Profits
and Reduce Fear of Loss! - Iron Condor System Updated for This Current
Market!

Give me 5 minutes by reading the information below and I will show you
how to access the detailed trading systems knowledge and expected
returns you need to consistently REDUCE LOSING and MAKE REASONABLE
PROFITS...

Print This
Are you interested in verifying stock options trading systems that can
make reasonable returns on your total account in 12 months?

Wouldn't you feel more confident if you used a profitable options
trading system in which you saw all of the candidate trades taken for
the current market? The Iron Condor system has been updated to include
2010! And saw its results were a net profit?

How would you react if you saw the all of the candidate trades taken
for an options trading system that you just started to use now - and
saw the real results were a net loss?

Would you rather `learn to fish' and receive the detailed steps of a
consistently profitable options trading systems so you can trade it
yourself for only $27 for each system? Or would you rather `just
receive a fish' and pay someone more than $27 a month in fees to
spoon-feed you their recommended trades?

Wouldn't you want to know those results?

I, Steven Burke, want to help fill the gap between Professional traders
with years of hard earned experience (i.e., losses) and new and/or
losing option traders who want to trade systems they can follow that
are actually profitable in order to compensate for their lack of
experience.

I spent over 1000 hours; yes, that's right, over 1000 hours, learning
the various options strategies, trade entry and exit techniques, risk
management, position sizing, trading psychology issues as well as
backtesting various combinations of common stock options trading
systems - plus making scores of real trades using these precise
systems.

You will be shocked by the results!

Receive a FREE chapter on the SPX Iron Condor System by clicking here.
You can see the statistically significant set of real and backtested
trades for this system in this free chapter. If you want to know the
precise entry, adjustment, and exit rules plus more analysis, you can
purchase the book for only $27.

I discovered the ULTIMATE REALITY of what the expected profits and losses for
consistent stock options systems trading really are for our current crazy
market.

The key was to a large amount of real trades over a long period of time and
to use Breakthrough Backtesting results to get a large enough sample set of
trades for each system.

I stopped trading the systems that were net losers and increased my
trading on the systems that were net winners!

My fear of loss and depression were replaced by realistic confidence.

If you trade options using directional or non-directional systems, then
you need to know the expected results of these systems for our current
market.

For only $27 each - that's right - only $27 each, you can purchase one
of three of the following special reports. Think about this price of
$27. This is less than one month's fee for black box trade
recommendations that competitors offer. $27 stands between you and the
systematic confident trader you want to be. With a 30 day money-back
guarantee, you have nothing to lose. Each report has the following:

* Detailed steps on how to use each system. These systems require no
subjective opinions. Just follow the steps.
* Backtested and real trade results of using as many candidate trades
as possible that these common stock options trading systems
recommended during 2005 - 2010 (2007 for Elliott Wave & Calendar).
* Analysis comments of each trade that reveal key lessons.
* Return on investment (Profit or Loss) for all trades taken with
each system for the whole 2005- 2010 (2007 for Elliott Wave &
Calendar) time period.

* Some of you may have detailed technical questions about how I
conducted the backtesting analysis. Visit the FAQ section below.

* Here is a table of sample trades using the SPX Iron Condor system:

Expiration

40 days before expiration

SPX

SPX IV

SPX legs

SPX Credit

Profit

Comments

1/20/2006

12/12/2005

1260.0

12.0

1210/1190/ 1310/1330

300

300

Nothing much happened

2/17/2006

1/9/2006

1290.0

9.3

1250/1230/ 1330/1350

460

460

Nothing much happened - again

3/17/2006

2/6/2006

1265.0

11.0

1220/1200/ 1310/1330

405

140

Exited 3 days early because it came within 10 points of short call
during expiration week

4/21/2006

3/13/2006

1284.0

10.5

1330/1350/ 1240/1220

390

390

Nothing happened much

5/19/2006

4/10/2006

1296.0

10.8

1340/1360/ 1250/1230

410

250

Exited one day early because it crashed to 1261 - almost 10 points
within the short - by 1 point

Testimonies

Testimony from B.B. of Illinois after buying the Iron Condor System
e-book: Since August, 2006 I've only had 1 losing month and it's not as
near of large a loss as when I was doing covered calls, selling naked
puts or doing stock splits.

Testimony from B.G. of Texas: I just want to say how much I have
enjoyed your back testing reports. I have been successfully trading
Iron Condors in 2007 on the NDX and RUT indexes earning 5% to 8%
monthly. With my broker I am able to choose Bull Put and Bear Call
spreads with very low delta's like .03 - .08. When I use their
probability calculator the short and long option strikes are very close
to and sometimes more than 2 standard deviations. I guess I am more
conservative because I choose strikes 2 SD's away but it works. I have
just started rolling up my Bull Put trades in the same month to collect
additional credits. When I do this my monthly return gets close to 10%
which is amazing.

What Will You Get?

For the cost of a pizza and Coke, you CAN learn to trade at least one
stock option trading system that shows consistent reasonable profits.

For only $27, you can choose to purchase from our secure server one of
the following special reports

1. A Non-Directional Iron Condor System that uses the S&P 500 index or
the Russell 2000 index.

· This one is my favorite as no expensive software systems is
needed - just a calculator or Microsoft Excel.

· It is also traded just once a month, so you don't have to keep
looking at it every day.

· However, the recent market corrections as well as prior bull
runs did impact this system strongly enough to require adjustments to
the system's rules. It is not a bad thing to keep your systems
`living' and adjust them to current market conditions.

· There is also a very important lesson concerning what happens
in an open outcry trading pit like the SPX when there is a crashing
day. Because real trades were used as well as backtested trades, there
are important lessons that backtesting alone does not reveal.
CLICK HERE TO PURCHASE THIS ONE REPORT FOR $27

-
2. A Directional Elliott Wave System That Has Precise Entry and Exit
Rules.

· Every trade recommended by this system for 2005 to 2007 was
backtested and several were really traded.

· If you use any type of Elliott Wave scanning commercial
software, you need to know the expected results of trading with this
system for the 2005- 2007 market.

CLICK HERE TO PURCHASE THIS ONE REPORT FOR $27

-

3. A Non-Directional Calendar System that also has precise entry and
exit rules.

· Almost every trade recommended from 2005 to 2006 was
backtested and several were really traded.

· If you use any type of option scanning commercial software
tool that can filter stocks by implied volatility and their implied
volatility skews, then you need to know the expected results for
trading this way. Please note. To use this system, you will need
options scanning software like Optionetics Platinum or OptionVue or
other similar software that can scan stocks using Implied Volatility
filters.

· There were important lessons learned during the recent market
bear correction. If you think this non-directional system suffered
during this recent correction, you'll be pleasantly surprised.

· This special report will even present results of filtering
trades based on a measure used by Blackjack players to determine
position size. This additional filter reduces the amount of losing
trades.
CLICK HERE TO PURCHASE THIS ONE REPORT FOR $27

-

OR CLICK HERE TO PURCHASE THE COMPLETE BOOK OF THESE THREE SYSTEMS PLUS
A BONUS FOR ONLY $57!

-

Do you want to know the results of backtesting these common stock
options trading systems?

· This book is different. It lists out the backtested and real
trade results for our current market. You can meditate on these trades
and gain the confidence in trading with a realistic profit without
risking your trading account until you feel ready.

· You will place your trades without fear of having to watch
the price screen all day. You will enjoy life with a realistic
expected return.

· You will have any idealized vision of tripling or octupling
your total account in a year replaced with REALITY! There are
profitable systems out there that can generate income in the long run.
They just may not be the ones you think.

· Unrealistic fantasies will be replaced by hard empirical
facts of backtested and real trade results for a year or more using a
statistically significant number of samples for five years of our
current market
!

I wonder how quickly you are going to buy this book and stop trading at
a net loss?

Do You Want to Spend Thousands of Dollars on Training, Software, or
Advisory Services?

For the cost of a night out at the movies with your spouse or date, you
can start trading with a set of three proven systems and use the right
systems for the right market conditions.

Realize that if an outsider like me can do it, so can you!

Order this breakthrough backtesting results e-Book now from our secure
order form and you can immediately learn those steps you need to take
to renovate your trading to a profitable enterprise.

Your order uses the secure PayPal method and your credit card. Then,
after you make your payment, the e-Book will immediately be made
available to you in Acrobat Reader PDF format immediately. Start your
journey to profitable options trading NOW!

YES! I want the e-Book How to Profit and Remove Rear of
Loss by Using Breakthrough Backtesting Results of Three Common Stock
Options Trading Systems delivered to me immediately. I understand that
the e-Book will present:

· Backtested and real trade results of using as many candidate
trades as possible that three common stock options trading systems
recommended during 2005 - 2010.

· Detailed steps on how to use each system

· Analysis comments of each trade that reveal key lessons.

· Return on investment (Profit or loss) for all trades taken
with each system for the whole 2005- 2007 time period.

Some of you may have detailed technical questions about how I conducted
the backtesting analysis. Visit the FAQ section below.

· Plus much more, including our:

o BONUS system I created that relates the number of recommended
stock trades that one of the systems shows for each day as compared to
the Nasdaq stock index. This one insight will save you thousands in
reducing the amount of bad trades!

GUARANTEE

I understand that if I do not think the results and learning presented
in this book will help me reduce losing trades and increase profitable
trades, I can request a full 100% refund within eight weeks of
purchase. In my e-mail I will let you know why I am not satisfied and
that I want a refund.

I authorize Steven Burke, Inc to charge my credit card the amount of
$57.00 for the complete e-Book or $27.00 for each special report on a
single trading system.

-

Click here to proceed to our secure order form. Once you complete the
purchase, you will be immediately given access to the eBook.

One of the key insights I discuss in the book is that your stock
options trading system needs to be "in phase" with the overall market
trend. Therefore, I plan to make periodic updates to this book as time
goes by in order to ensure the expected returns with each system match
current market conditions. I may decide to raise the book's price to
compensate for this extra work at any time.

Claim your copy today! This book can be downloaded and read instantly
on any computer with the free Acrobat Reader.

Some of you may have detailed technical questions about how I conducted
the backtesting analysis. Visit the FAQ section below.

P.S. What will you do with the profits from trading a stock options
trading system that has a known positive return? Secure your order
now.

-

P.P.S. Become the confident winning trader you need to be now for less
than the cost of your next single contract losing trade. Think about
that. If you buy a $100 single contract call or put, and the trade
goes against you so that you have to sell at a 50% stop loss, you just
spent more than the cost of this book. Take control of your trading by
stop using systems that are net losers and start using options trading
systems with positive profit expectancy. Say yes to this offer.

© Steve Burke

9725 Heatherhearst Dr

Chowchilla, Ca 93610

steveburke776@hotmail

FREQUENTLY ASKED QUESTIONs

The following questions were asked by people interested in purchasing
my book. I believe they will help give you more technical details
about the e-Book and the validity of the results.

1. What is your historical data source? Commercial source, collected
on your own, frequency, etc.?

Here are the details of the three systems tested.

1. I backtested an Elliott Wave system (wave 4 up and wave 4 down)
using a commercial Elliott Wave scanning software tool with strict
entry and exit criteria. Their daily quote data is from a certain
commercial quote data provider. I, actually the tool, used the daily
open, high, low, and close data.

2. I backtested a Calendar trade system that uses an commercial
options scanning tool to scan stocks whose long term (>90 day) options
were in the 'low' range of their implied volatility values for the
year, whose front to back month implied volatility skew only ranged
from ... percent, etc. The options scanning tool also supplied the
historical options quotes.

3. I backtested an Iron Condor system using the SPX. The same
options scanning tool above was used again to get the historical
options quotes for each trade for 2003, 2005 and 2006.

4. Please note that I actually placed a certain percentage of the
trades covered in the book. There are lessons that only real trading
can reveal.

5. The purpose of the book was to help people who use
non-subjective 'step-by-step' systems to select trades understand their
expected return for five years of our current market.

2. Does your historical data source include de-listed securities
(i.e., please address survivor bias that might exist in your data set
and results).

For the above systems, I do not think survivor bias is an issue.
For example, the Elliott Wave trades and the Calendar trades are
usually no longer than 30 days. If a certain stock made money during a
certain month and is now de-listed, I don't think that adversely
affects the overall results. Those two systems scan all current stocks
to see if they satisfy certain criteria. It is the criteria that are
important. The SPX system just uses the SPX. Companies have been
added and removed from S&P 500 for the 2003-2006 (without 2004) time
periods that I backtested. However, these Iron Condors are also just
for a month, so I do not think survivor bias impacts these like some
multi-year index system.

3. How did you model bid/ask spread (i.e., slippage) and transaction
costs?

The Iron Condor trades are intended to be left until expiration. I
also listed two sets of returns. One is if you did not shave 1/3 from
the bid/ask spread (i.e., sold at the bid). The other is if you did
shave.

The Elliott Wave trade looked at ROI using stock prices - not option
prices. So the bid/ask spread is relatively negligible. The Calendar
trades had minimal if any shaving. That is, I bought the calendar to
open and sold to close using 'full price'. You can certainly do better
by shaving.

I did not include transaction costs. However, I use a broker that
charges only .75 cents for each option contract with no minimum. We
can quickly figure out the transaction costs of the Iron Condor system
for 12 months. Basically, there were 12 trades each year using 4
strikes per condor. Most were left for expiration, etc. The bottom
line is that you might need to take $50 off of the yearly returns for a
single contract trading system (my system uses a $2000 -$2500 margin
per single condor. The transaction costs using this broker are
relatively negligible.

4. Specifically, which strategies did you backtest? Not interested in
purchasing if I don't know specifically which strategies you studied.

As mentioned before, there is the Elliott Wave, Implied Volatility
(IV)-based Calendar, and IV-based SPX Iron Condor that have precise
entry and exit rules.

5. Did you use third party software for backtesting or did you write
your own? If you wrote your own, how did you validate your software?

As mentioned above, I used commercial Elliott Wave scanning tool for
the directional system and a commercial options scanning tool to
backtest the Calendar and Condor systems. These commercially available
tools have a large historical database of quotes that you can set the
clock back to and test what would happen using your various systems. I
do not mention the names of these tools as it is the criteria in each
system that is being validated against the current market - not the
tools. There are several other tools that I believe would return
similar results in our current market. Therefore, anyone who uses
software tools to select option trades should read this e-Book.

6. Does your study include actual trading of the strategies or only
hypothetical trading results.

As mentioned above, there is a percent of each of the three systems
that were real trades that I took. The condor system has an important
lesson that backtesting won't reveal - but I discuss in the book.
Basically, the SPX is still traded using an open outcry pit and there
is a real big lesson people need to know if they are trying to close an
order during a `crash' day - even if they use a market order.

7. What time-scales are the strategies you consider (I'm only
interested in day level and higher).

Each system uses daily quotes and lasts about a month each - unless a
stop loss criterion is met and you have to exit earlier. This is not
day-trading.

Please note that I just finished updating the book on the week of
February 17th, 2007 to include trades for all of 2006. The previous
version of the book just went to the middle of 2006. There are some
important lessons to learn . Therefore, so the lessons are hot off the
press.

-

I hope this helps,

Steve

Contact Us Be An Affiliate Links Articles

U.S. Government Required Disclaimer - Options trading has large
potential rewards, but also large potential risk. You must be aware of
the risks and be willing to accept them in order to invest in the
options markets. Don't trade with money you can't afford to lose. This
book is neither a solicitation nor an offer to Buy/Sell options. No
representation is being made that any account will or is likely to
achieve profits or losses similar to those discussed in this book. The
past performance of any trading system or methodology is not
necessarily indicative of future results.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS.
UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT
ACTUAL TRADING. SINCE MOST OF THE TRADES HAVE NOT BEEN EXECUTED, THE
RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF
CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY or INTRA-DAY PRICE
SWINGS. BACKTESTED SYSTEMS IN GENERAL ARE ALSO SUBJECT THE BENEFIT OF
HINDSIGHT. THE AUTHOR HAS TAKEN EXHAUSTIVE STEPS TO DETERMINE THE
EXPECTED RETURN (PROFIT or LOSS) OF CERTAIN OPTIONS TRADING SYSTEMS.
HOWEVER, NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS
LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

________________________________________________________

End of Abstract

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