We talked to Kim Kaliman of SteadyOptions about his option trading strategies and risks management during the COVID-19.
First of all, how are you and your family doing in these COVID-19 times?
Kim Klaiman: We are okay, all factors considered. Everyone is healthy, and this is the most important thing.
Tell us about you, your career, how you founded SteadyOptions
Kim Klaiman: I have been actively involved in the financial markets since 2002, and became a full-time options trader in 2012. I founded an options trading advisory service, SteadyOptions.com, to share my trading experience and philosophy and to help people to become better traders.
I became consistently profitable only when I completely abandoned speculative directional strategies and started trading a limited number of non-directional options strategies.
In 2011, I came across several articles on Seeking Alpha, that described similar strategies from a different angle. I decided to write my own article. This article became my most popular and most commented article on Seeking Alpha. I realized people were starved for strategies that produced consistent returns by managing risk.
Since my first article, I wrote over 160 articles for Seeking Alpha. After a couple of months, I ranked #1 in its options category. I started getting requests from many Seeking Alpha readers to provide options mentoring. This is how SteadyOptions was born. I became a full-time trader.
How does SteadyOptions innovate?
Kim Klaiman: We are focusing on a limited number of options trading strategies and trying to adapt to ever-changing market conditions. It has been a very challenging environment since COVID-19 started, but by carefully managing risk and being more selective, we managed to produce triple-digit returns for our members in 2020.
How the coronavirus pandemic affects your business, and how are you coping?
Kim Klaiman: We are focusing only on high probability setups, limiting our positions sizing and the number of trades. Capital preservation is the main goal in this environment.
Did you have to make difficult choices, and what are the lessons learned?
Kim Klaiman: This is a very competitive industry, and you always have to innovate in order to stay competitive. We had to eliminate a few strategies when they stopped working and tweak the existing strategies.
How do you deal with stress and anxiety? How do you project yourself and SteadyOptions in the future?
Kim Klaiman: Stress is part of this business. You just need to get used to it. I play chess, read books and watch quality movies to deal with stress.
Who are your competitors? And how do you plan to stay in the game?
Kim Klaiman: We have hundreds of competitors, but we are trying to differentiate ourselves by being completely transparent and honest about our performance and report it in the most straightforward way.
Your final thoughts?
Kim Klaiman: I’m very grateful for having a wonderful community of traders who are willing to share their knowledge and experience. I’m learning something new almost every day.
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