FAQ

Questions about The Options Hunter services?

Call our sales at (800) 332 2999 or (001) 775-832-2798 from outside the U.S.

e-mail sales@TheOptionsHunter.com

Contacting Support

For issues in accessing a members webinar event

call (775) 747-8404 or e-mail Support@TheOptionsHunter.com

For issues with AIQ TradingExpert Pro

e-mail support@aiqsystems.com

Frequently asked questions

 

Subscription Service

Support Questions

Do I have to sign a long-term contract to start my subscription?

No. You are only required to sign a monthly contract that can be canceled at any time. The service is not pro-rated. We only offer our service in a month to month subscription as we believe we have to earn your business. No upfront costs like those other guys.

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Do I have to be an expert trader to learn the options Hunter techniques?

No, but some knowledge of trading using charting and technical analysis is required.

What type of internet connection do I need to access the webinars?

We strongly recommend high-speed Internet broadband cable or DSL.

Do I have to pay extra for technical support?

No. As long as you maintain your Options Hunter service, you receive free technical and customer support.

Does The Options Hunter services provide advice?

No. We do not provide advice. We provide you with the training so you can trade more effectively and confidently.

Neither The Options Hunter, its subsidiaries, officers, employees, representatives nor independent contractors are licensed financial advisors. We strongly recommend that you consult with a licensed financial professional for all your financial advice.

What if I’ve never traded an option before?

We recommend you understand the basics of options trading, there are many good resources on the internet.

Do I need any trading software to use The Options Hunter service?

Recommended Trading Software

Dale uses AIQ TradingExpert Pro for his trading analysis

 

options

TradingExpert Pro software and data combined service for end of day $74/mo. and includes.

  • Trading strategies CD and manual.
  • 10,000 ticker historical data CD
  • Free TradingExpert Pro upgrades.
  • 71 Fundamental data fields.
  • Today’s Scrolling News – Business Wire & Comtex top 70.
  • Full News Stories – Today and Yesterday .
  • Unlimited historical data on stocks,

    indices, mutual funds, futures and options.

  • Unlimited 20 minute delayed pricing on equities,

    futures, indices & options.

  • US, Canadian, UK, German, French, Swiss,

    Swedish and Portugese exchanges available.

  • $74 off first month’s service.

I’m ready to take a Risk-free trial of TradingExpert Pro.

Click here to have an AIQ representative contact you.

AIQ sales 1-800-332-2999 or 1-775-832-2798

 

How do I add Dale’s groups and list file to AIQ TradingExpert Pro?

Click on

this link

to launch a tutorial movie explaining how explore in AIQ

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What are the computer requirements?

Windows based

Windows XP or Vista

1.0 GHz Processor (or faster) 1 Gb RAM (or higher)

Internet Explorer 7+ or Mozilla Firefox 2.0+

High speed internet – Cable, DSL, Wireless or Satellite

Screen Resolution: 1024 x 768 (or higher)

Macintosh based

Mac OS 10.4+

1.0 GHz Processor (or faster)

1 Gb RAM (or higher)

Mozilla Firefox 2.0+

High speed internet – Cable, DSL, Wireless or Satellite

Screen Resolution: 1024 x 768 (or higher)

ipad, iphone, android devices

Webinars and archives can be attended and viewed on Android and iOS devices by using the appropriate add-on app for your device. More info is available in the Members Live Webinar tab for your service. Adobe provides these apps and functionality. For questions using these plug-ins please refer to the appropriate support page at Adobe.

What is the MACD Indicator?

The MACDI is a two-component indicator based on two exponential moving price averages. Because of the early signals which can be derived from this indicator, it is regarded by many analysts as helpful in the trading of stock options.

The first component of the MACDI is a line which represents the difference between two moving averages, each computed for a different period of time. This first component is called the Price Phase Line. The second component, which is called the Signal Line, is an exponential average of the first component.

The two lines are charted together on the same time scale. The Price Phase Line is the upper line during upward price movements and the lower line during downward movements. The Signal Line, being an average of the Price Phase Line, is the lower line during upward moves and the upper line during downward moves.

As a general rule, it is considered bullish when the Price Phase Line is rising and is above the Signal Line. Conversely, it is bearish when the Price Phase Line is falling and is below the Signal Line.

Buy and sell signals are generated by the crossing of the two lines. In general, a buy signal occurs when the Price Phase Line crosses from below to above the Signal Line. A sell signal is indicated when the Price Phase Line crosses from above to below the Signal Line.

Because of its smoothed nature, this indicator can be helpful in highly volatile markets such as the options market. Although generally less effective during narrow, trendless markets, it provides good signals during widely swinging trading ranges and at the conclusion of strong trends.

MACDI is especially valuable for its ability to signal a turnaround following a sharp decline. In this situation, divergences are particularly significant and often predate important market bottoms. Divergences pertain to trends and occur when the trend of price action and the trend of an indicator are in opposite directions.

In addition to trend breaks, divergences, and Signal Line crossings, it is important to watch for overbought and oversold levels. When the MACDI rises above a certain level, the ticker is in an overbought region and a reversal is likely. The same is true in the oversold direction.

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What are options and how can I learn more about them?

Trading stock options is a much different game from trading the underlying stocks. When options are traded for appreciation, it is a game of leverage, with big risks and associated big returns. One of the attractions of trading options is that you do not need a large amount of starting capital. It’s also easy to play both sides of the market by purchasing call options for the upside and put options for the downside.

Rules of the options game

Remember that in the game of options time is your enemy. If the market moves against you, then get out of the position and take your lumps. Save the remaining principal for the next play. When you play options, you should use stop prices. Watch for sufficient volume in the option to allow for liquidity when it’s time to release the position. Adequate volume would be an average volume of 100 contracts a day.

Buying options for short-term appreciation

This strategy involves the purchase of put or call options with the expectation that the options will increase in price. The buying of options provides great leverage but the trader runs the risk of the loss of all committed funds. The premium or price of an option responds directly to changes in the price of the underlying stock.

Option premium is also affected by market conditions, the public’s appraisal, and very directly by the remaining life of the option. This latter aspect of premium is callethe time value. As the calendar moves toward the expiration date, the time value diminishes and the value of out-of-the-money options will go to zero. For the buyer of options a horizontal market is doom, and time is the enemy.

The degree of leverage associated with a particular option depends on several factors. Strike price and the time remaining to expiration are both important factors. Leverage is always greater for out-of-the money options and decreases as the option moves deeper in the money. (The terms out-of-the-money and in-the-money refer to the strike price of the option relative to the current stock price. A call is out-of-the-money if the stock is below the strike price, and in-the money if the stock is above the strike price. The opposite is true for a put.) Leverage also increases with decreasing time to expiration.

Another factor which influences leverage is the volatility of the underlying stock. More volatile stocks have higher premiums and lower volatility generally translates to higher leverage. However, this does not necessarily mean that you should look for low volatility when buying options. Low volatility implies a stock with relatively small ability to move and, therefore, limited gains.

Recommended reading

Gastineau, Gary L. THE OPTIONS MANUAL, 3rd ed. McGraw-

Hill

McMillan, Lawrence G. OPTIONS AS A STRATEGIC

INVESTMENT New York Institute of Finance, New York

Cox, John C. and Mark Rubinstein, OPTIONS MARKETS,

Prentice-Hall, Englewood Cliffs, NJ

How do I add Dale’s groups and list file to AIQ TradingExpert Pro?

– Click on the file LSTDALE.lis and save this file to your /wintes32 folder.

– Launch AIQ Data Manager, in the list pull-down box on the toolbar, select LSTDALE

– From the Menu, select List, Find & Create

– Any missing tickers from LSTDALE will be displayed. You can add these using the Do Lookup from your Historical Data CD and/or from the myTrack Online.

– Click on Utilities, Compute Group Sector Indices. Choose LSTDALE and click OK.

I’ve lost the subscribers password to the archive or the webinar room

E-mail support@theoptionshunter.com and provide your name and registered e-mail address.

Problems viewing the archive or entering the webinar room

 

FLASH REMOVAL / REINSTALL

When the Flash update fails to load, try a complete uninstall and reinstall. The steps below will run a flash uninstall utility and manually delete the connect add-in directory. We recommend checking and updating your graphics and sound card drivers as well. Click here and ‘check now’ to find out your current Flash version:  http://helpx.adobe.com/flash-player.html

 

Windows XP : UNINSTALL

Flash Player Uninstaller – http://kb2.adobe.com/cps/141/tn_14157.html

  • Follow instructions on page exactly, else this will not work properly
  • Be sure to download and save installer, do not run from page
  • All applications need to be exit/closed not minimized

Remove Connect Add-in :

Delete the “Flash Player” folder in ‘C:\Documents and Settings\[USERNAME]\Application Data\Macromedia’ directory.

  • [USERNAME] this is the login for your computer, brackets should not be included
  • App Data is a hidden system folder, you may need to manually type it in or enable hidden files to see it.
  • Empty your recycle bin

 

Windows Vista/7/8 : UNINSTALL

Flash Player Uninstaller – http://kb2.adobe.com/cps/141/tn_14157.html

  • Follow instructions on page exactly, else this will not work properly
  • Be sure to download and save installer, do not run from page
  • All applications need to be exit/closed not minimized

Remove Connect Add-in:

Delete the “Flash Player” folder in the ‘C:\Users\[USERNAME]\App Data\Roaming\Macromedia’ directory.

  • [USERNAME] this is the login for your computer, brackets should not be included
  • App Data is a hidden system folder, you may need to manually type it in or enable hidden files to see it.
  • Empty your recycle bin

 

Mac OS X : UNINSTALL

Flash Player Uninstaller – http://kb2.adobe.com/cps/865/cpsid_86551.html#ostype=m,prob1=uninst,os=m10.1,

  • Follow instructions on page exactly, else this will not work properly
  • Be sure to download and save installer, do not run from page
  • All applications need to be exit/closed not minimized
  • You can select different versions of your OS on this page for more precise instructions

Remove Connect Add-in:

Delete the “Flash Player” folder in the ‘hard drive/Users/User’s Directory/Library/Preferences/Macromedia/’ directory.

  • Empty your trash can

 

REINSTALL

You just removed Flash Player from your computer as well as the Connect Add-in.

  • You can enter a meeting room to reinstall the add-in.  Presenters and Hosts are prompted upon entry.  Participants will need elevated rights.
  • Adobe maintains a ‘get Flash Player’ link here (http://www.adobe.com) which can be used to reinstall.

Or visit the Getting Started page: http://admin.adobeconnect.com/common/help/en/support/startmain.htm

Adobe Flash Support click here

I have installed Adobe Flash Player but still don’t see any Flash content. What is wrong?

The most common reasons that Flash content fails to display are:

Restricted User accounts are unable to display Flash Player content

After successful installation under the Windows Administrator account, Restricted User accounts are unable to display Flash Player content. This issue has been reported on Microsoft Windows XP Service Pack 2 systems and occurs sporadically. It may also affect other versions of Windows, such as Windows 2000.

If you installed Flash Player 8.0.24.0 prior to April 6, 2006, then you must remove it using the Flash Player uninstaller released on May 11, 2006. Remove Flash Player using the instructions in How to uninstall the Adobe Flash Player (TechNote 14157).

Flash Player detection failure with websites that use VBScript detection

Websites that use VBScript detection for Flash Player may fail in Microsoft Internet Explorer. This VBScript detection issue is resolved by running the Flash Player uninstaller released on May 11, 2006 (version 3.0.0.17) or later, and reinstalling the latest Flash Player. For more information regarding this issue, see Flash Player detection failure with websites that use VBScript detection (TechNote 7d1862a).

Pop-up blockers blocking Flash

The most common cause of Flash movies failing to display is the presence of pop-up/ad blocker software that specifically targets Flash content. To find out more about this issue, see Flash movies do not appear after installing the Flash Player (TechNote 19091).

Internet Explorer Settings on a Macintosh

On Mac OS, there is a setting in Internet Explorer to enable plug-ins. This setting is located in the Explorer > Preferences menu of the browser. In the Preferences dialog box, select Web Content under Browser Display, and then ensure that the Enable Plug-ins option is selected.

Internet utilities blocking ActiveX

Some Internet utilities, such as Norton Internet Utilities, perform functions similar to a firewall and may restrict viewing of ActiveX controls. You need to ensure that your firewall or utility settings are set to allow ActiveX controls or you can’t view Flash movies in Internet Explorer.

How do I add Dale’s Color Studies to AIQ TradingExpert Pro?

First download Dale’s EDS file at http://theoptionshunter.com/dalecolorstudies.EDS

Follow the instructions below for setting up the studies in both Chart and Alerts. A screen shot is also provided to show what the color studies properties window should look like when you are finished.

dalecolorstudies

Color Studies for Charts

This function is used for studying the effectiveness of EDS rules by visually indicating on a chart those days when an EDS rule fires (i.e., rule criteria is satisfied). You select the EDS rule, a color, and a chart component. Then on those days when the rule fires, your selected chart component will appear in your selected color.

The color change can be displayed on the price plot (price bar, open, or close) or on any indicator you choose. You can also define multiple color studies which can be displayed simultaneously by choosing different colors for each study.

After establishing a Color Study for a rule, you then can browse through charts to easily obtain a quick visual evaluation of the rule’s effectiveness.

To define a Color Study, follow these steps:

  1. Click the Color Studies toolbar button. You can also select Color Studies from Settings, an option on the Chart sub-menu. The Color Studies dialog box will appear.
  2. Next, open the EDS file (.eds file) that contains the rule you wish to evaluate by doing the following:
    • Click the button at the right end of the EDS File text box to display the Open dialog box.
    • Use this dialog box to find the file you want. EDS files are found in the EDS Strategies folder which is located inside your winTES 32 folder. EDS files are separated into general categories so you must first find and open the category folder and then select the individual file from within its category.
    • With the file you want to open highlighted in the main window, click Open. The name of the selected file will now appear in the EDS File text box at the top of the Color Studies dialog box.
  3. In the Color Studies dialog box, click Create New Color Study. The dialog boxes that appear are used to specify the chart component that will change color, indicating that the rule has fired on a particular day.
  4. In the first dialog box titled Select Price Plot or Indicator, choose one of the two. If your choice is Indicator, you must next select a specific indicator from the list in adjacent list box. When you have made your selection, click Next.
  5. From the box titled Select Plot Component, choose a component. Your choices depend on whether you selected Price Plot or an Indicator. For Price Plot, your choices are Price Bar, Open, or Close. For Indicator, your choice depends on the type of indicator you have selected. When you have made your selection, click Next.
  6. The next box, titled Select EDS Rule, is used to select the particular rule that you want the Color Study to evaluate. A list of all rules contained in the selected file is provided. Simply click on the rule you want to evaluate and click Next.
  7. In the next box titled Select a Color, choose the color that you want the chart component to become on those days when the rule fires. If the color shown in the box is not satisfactory, click the button labeled Change Color to find and select the color you want. The Color dialog box contains a palette of 48 colors that you can select from, or you can use the tools provided to create a custom color. When you have chosen a color, click OK to return to the Select a Color box and then click Next.
  8. The final box, Review and accept new settings, displays a summary of the settings that you have specified for the Color Study. If these are correct, click Finish to accept or click the Back button to make changes.
  9. When the Color Studies dialog box reappears, a line is shown listing the new study and all the settings that are specified.

Color Studies for Alerts

This function is very similar to the Color Studies function that is available in Charts for studying EDS rules by visually indicating on a chart when a designated rule fires. In this application, the function is used for studying the effectiveness of an Alert. You select the Alert, a color, and a chart component. Then at any time when an Alert occurs, your selected chart component will appear in your selected color.

The color change can be displayed on the Price Plot (price bar, open, or close) or on any indicator you choose. You can also define multiple color studies which can be displayed simultaneously by choosing different colors for each study.

After establishing a Color Study for an Alert, you then can cycle through your charts to easily obtain a quick visual evaluation of the effectiveness of the Alert.

To define a Color Study, follow these steps:

  • With a chart displayed, right click anywhere within the chart section of the Alerts window. From the menu that appears, select Color Studies. The Color Studies dialog box will appear.
  • Next, click Create New Color Study to begin the process of defining a new color study. The first two dialog boxes that appear are used to specify the chart component that will change color, indicating the exact time that the rule fired.
  • In the first dialog box titled Select Price Plot or Indicator, choose one of the two. If your choice is Indicator, you must next select a specific indicator from the list in the adjacent list box. When you have made your selection, click Next.
  • From the box titled Select Plot Component, choose a component. Your choices depend on whether you selected Price Plot or an Indicator. For Price Plot, your choices are Price Bar, Open, or Close. For Indicator, your choice depends on the type of indicator you have selected. When you have made your selection, click Next.
  • The next box, titled Select EDS Rule, is used to select the particular Alert (or rule) that you want the Color Study to evaluate. A list of all available Alerts is provided. Simply click on the Alert you want to evaluate and click Next.
  • In the next box titled Select a Color, choose the color that you want the chart component to become on those days when the rule fires. If the color shown in the box is not satisfactory, click the button labeled Change Color to find and select the color you want and then click Next.
  • The final box, Review and accept new settings, displays a summary of the settings that you have specified for the Color Study. If these are correct, click Finish to accept or click the Back button to make changes.
  • When the Color Studies dialog box reappears, a line is shown listing the new study and all the settings that are specified.

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