SJG Trades is an alert service run by a person with the initials SJG.
His name is Steve Ganz.
While he offers courses on butterflies and calendars and one-on-one coaching on his website at SJG Trades.com, we are primarily focused on his alert service offering in this review.
What sets his alert service apart from others is that every entry, adjustment, and exit is given out as a short video explaining why and how he is putting on the order.
He will show the expiration graphs of the trade entry in the Option Trader’s Assistant software.
The service helps train the subscription members to analyze the market and think like a trader instead of blindly performing order entry into a broker’s software.
Members join an online forum-like community where these orders are put out, and members can chat with Steve or other members.
Steve’s trades are mostly butterfly options structures on the large SPX (S&P 500) and sometimes RUT (Russell 2000) indices.
There are some calendars, earnings trades, and perhaps other one-off trades here and there.
Steve is a non-directional income trader.
So, these butterfly trades are typically placed at-the-money or near-the-money, with the initial position delta very close to zero.
The primary objective in this positive theta trade is to profit as time passes without the price going against the trade too much.
If the price goes against the trade, then the trade is often adjusted or taken off.
Typical trade can last anywhere from 3 to 60 days.
These are not day trades, so you do not need to be in front of your computer throughout the entire trading session.
You often need to check on the forum once or twice a day to see if any adjustments have been posted.
You don’t need to put in the trade adjustment or trade order immediately as he announces them.
Just get it within the same trading session, and you should be fine.
Who Is The Service For?
It is for option traders interested in trading non-directional theta positive trades.
The alert service is designed for options traders already familiar with the butterfly structure and the Greeks.
However, just understanding how to construct a butterfly and knowing what delta and theta are is not enough to be profitable.
To be profitable, one needs to learn the craft of when to adjust and how much to adjust.
When to let the trade continue and when to close it out.
Watching how a profitable trader makes adjustments in real-time is where an alert service can help newer traders.
Is Steve Profitable?
Yes, he is profitable – no question about that.
The trades he announces are live trades that get filled in his real account.
If you go to his public YouTube channel and look for “Weekend Market Update,” he will show you the current trades running in his service.
He will also show the equity curve and his most recently closed trades’ P&L.
While the P&L is excellent, we also want to examine the equity curve’s shape to ensure it does not have large swings.
With the curve from December 2022, when the alert service started, to the current time in October 2023, the curve does not take large drawdowns and keeps losses small.
Many traders aspire to have this type of equity curve.
We hope you enjoyed this article on SJG Trades.
If you have any questions, please send an email or leave a comment below.
Trade safe!
Disclaimer: The information above is for educational purposes only and should not be treated as investment advice. The strategy presented would not be suitable for investors who are not familiar with exchange traded options. Any readers interested in this strategy should do their own research and seek advice from a licensed financial adviser.
