I have been an active stock trader for over 50 years and an avid options trader for more than 20 years. Each Saturday I would look in the newspaper to find options with the best return Covered Calls. This process would literally take hours. First I had to find the stocks that looked promising. Second, I had to find the best options. Finally, I had to do calculations to determine the best returns.
I thought, "There has to be a better way." In 1997, a colleague and I had an idea - Why not use the power of the Internet to gather the data and use computers to do the calculations. We built a web site to do just that. I used the site to find the best options instead of using the newspaper. I was so excited that I showed it to fellow traders and let them use it also.
It was so successful that I decided to open the web site up to the public...and PowerOptions was born.
Since 1997, we have built a winning team to support and continue development of the tools and strategies PowerOptions offers. We now include over 150 pages in our award winning web site and cover 23 of the most popular option strategies. PowerOptions has been reviewed and acclaimed by many in the industry: Forbes, AAII, Active Trader Magazine, New York Post, and Nightly Business Report to name a few.
PowerOptions is so innovative, the US Patent and Trade Office issued us patents in 1997, 2007, 2010 and 2012.
In 2000, we took over operation of OptionFind.com, a site that has similar options search engine capabilities.
Many of our subscribers told us that they loved the system, but had trouble finding the time to do their own options research. They suggested that we offer an advisory newsletter service. We released such a service under the name PowerOptionsApplied in 2005. This service uses our expertise and patented tools to search out, publish, and manage what we feel are great option trades. We offer Covered Calls, Diagonal Spreads and Iron Condors so far, more of your favorite strategies to come. After around 10 years of operation, we decided to close down the POA services and focus more attention on our core services that offer options data, options tools and options education.
Also in 2005, we released our first publication in the options education arena. Covered Calls: Aggressive Strategy for the Conservative Investor is a self-study course. It includes a DVD, 130 page book, and a workbook to help beginning option traders learn the basics of the most popular option trading strategy: Covered Calls. The course also includes 2 free months of the PowerOptions online subscription service.
In 2008, we released our second and third publications to compliment our self-study covered calls kit... Naked Puts: Power Strategies for Consistent Profits is a beginner level text that illustrates the details of using cash secured puts to acquire stock at a discount and generate income. It covers the basics of the strategy from understanding the theory, entering a new trade and covers all the way through trade management.
Protective Option Strategies: Married Puts and Collars covers reliable strategies to generate consistent income and provide insurance, especially during times of financial crisis and uncertainty. Topics of discussion include tips on entering protective strategies and the theories behind them, as well as selecting the right stocks and proper protective combinations for investing in today's volatile market.
Also in 2008, we purchased the rights to the RadioActive Trading methodology. This investing methodology is just one strategy that options investors can use, but trading "RadioActively" gives investors a great chance of making money and keeping their capital while they do it. The RadioActiveTrading.com site offers plenty of educational materials to get any investor with any experience level into options trading with the ammunition he needs to be successful. After learning the methodology, investors can implement the trading style themselves with the help of the PowerOptions tools, or look over the shoulder of the RadioActive trading staff as they pick and publish trades to the FUSION advisory newsletter subscribers.
Most recently, in 2010, we published our fourth educational text. Iron Condor: Neutral Strategy for Uncommon Profit. The concepts, ideas, rules-of-thumb and real-world examples presented in the text have been gleaned from the PowerOptionsApplied newsletter's successful trading of the strategy. Readers can take the lessons learned by the PowerOptionsApplied newsletter and repeat the good and forgo the bad in order to profitably invest using the Iron Condor strategy. This text presents real-world examples, real-world profits and real-world mistakes, the concept of optimally trading Iron Condors by balancing risk, reward, volatility, stop-losses and other parameters to achieve the best results from trading the strategy.
By 2019, we decided to move all of our options education online. We created online courses rather than printed and shipped books/materials. All of our options trading courses and education can be found here: https://learn.poweropt.com.
My staff and I are active investors; we use the PowerOptions tools and research every day. We are therefore personally committed to providing you with quality service and an exceptional value.
Please feel free to contact us with any suggestions or problems that you may have.
Our phone number is: (302) 992-7971. If it is easier for you, you can also send us an email message by clicking any of the email links at the bottom of every page in our site.
Ernie Zerenner, President
Power Financial Group, Inc.
PO Box 1461
Hockessin, DE 19707
