June 14, 2018 Meeting Announcement

Silicon Valley Options Group (SVOG) https://www.svog.org

  • An opportunity to meet new people and exchange ideas
  • Copy and paste if the links don't work
  • Please be sure to check the event calendar frequently for the latest events and updates

SVOG Meeting Announcement

DATE/TIME: Thursday, June 14, 2018 -- 6:00 PM to 9:00 PM
LOCATION: Elks Lodge Sunnyvale: 375 North Pastoria Avenue, Sunnyvale, CA
Directions & Map: http://tinyurl.com/ElksLodgeSunnyvale

Don’t forget ... Hot dogs and Sandwiches!! Avail 6:00pm to 7:30pm
(Profits from these sales benefit BPOE charity projects. -- about $3.50 to $4.50 ea.)


How to Lose Money Trading Options (and ways to avoid doing that) -- Rob Schmidt, SVOG President

Back by popular demand: A reprise of Options 201 - Beyond the Basics, Part 1 from June, 2015!

Have you ever bought an option, had the underlying stock move in your expected direction, but STILL lost money? We will talk about the option "greeks" and how they can cause you to lose (or make) money and things that you can do to minimize the "losing" effects. You will learn how to size your position properly, often called the real "Holy Grail" of trading. One of the best ways to trade options is by using option 'spreads'. During the second half of the evening, we will talk about the most versatile of the option spreads - the vertical spread. You will learn four advantages that verticals have over single options and five ways that vertical spreads are used in trading.

About Our Speaker: 

Originally from Lafayette, CA, Rob graduated from UC Berkeley Class of ’78 with a BS double major in Electrical Engineering & Computer Science and Materials Science Engineering. Rob worked two years in the semiconductor industry at Fairchild and 21 years at Lockheed Martin, formerly Lockheed Missiles and Space Company, where he spent 14 years in test equipment design and another seven years training other engineers about the Trident missile and its subsystems. Rob has used his experience as a trainer to teach other stock and option traders and frequently was a keynote speaker both before and after he helped co-found SVOG as a non-profit organization in 2008. Rob started trading in 2004 as an Investools student, but since then has studied under Rance Masheck, Charles Cottle, Dan Sheridan, David Elliott, John Person, Bill Poulos, Jake Bernstein, John Carter, Don Kaufman, Shawn Lucas, Nate Allred, Ziad Masri and Awais Bokhari.

SVOG Agenda:

  • 6:00 PM to 6:15 PM Introductions and Set-up: This is a good time to connect with other fellow options traders and exchange ideas informally.
  • 6:15 PM to 6:30 PM SVOG Intro and Announcements
  • 6:30 PM to 7:30 PM How to Lose Money Trading Options (and ways to avoid doing that)
  • 7:30 PM to 7:45 PM Break
  • 7:45 PM to 8:45 PM Effective Use of Vertical Spreads
  • 8:45 PM to 9:00 PM Meeting Close

SVOG requests a voluntary contribution of $10.00 to defray operational costs

Reminder Future Meetings 2nd Thursday of the Month:

  • July 12, 2018 - TBD
  • August 9, 2018 - TBD

We are working on the 2018 Meeting line-up and are open to suggestions for topics and speakers

Notice to Attendees: SVOG DOES NOT provide trading advice nor does it recommend specific products. Information shared is educational and the opinion of the presenter(s). The suitability or application of information provided or discussed is the sole responsibility of the attendee.