Good news!

OptionGenius.com has just reached an autotrade agreement with the broker OptionsXpress. We are already autotrading with eoption.com but adding a second broker to the mix gives members more options (Pun intended). Many of you probably already have accounts at OptionsXpress.

I’ve written about autotrading before but in case you don’t know what it is, autotrading is where a broker executes trades for you in your account on your behalf. So if I send out a new trade or a trade alert and you are on vacation, or at work, or driving the kids to school, etc you don’t need to worry about missing the trade. The broker will take care of it for you.

OptionsXpress is a very friendly option broker and has recently bought Optionetics so they are very strong in the educational component as well.

I hope this will be a long and happy relationship for all involved.

For more info [...]

Options Trading is growing like gangbusters.

Good news for us is that the first step for someone new to options will be will learning to buy and sell options, not sell. And so option sellers like us, will have more volume and liquidity to work with.

Here is a video of the crazy man Jim Cramer interviewing the CEO of OptionsXpress after they released their 2009 3rd quarter earnings.