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Online Broker TradeKing Hosts Christmas in July: Webinar on Christmas Tree Butterfly Options Plays Coming July 11th

Webinar Supplements Ongoing “Midday Market Call” Lunchtime Sessions

Jul 6, 2012

FORT LAUDERDALE, Fla. – July 6, 2012 – Online broker-dealer TradeKing (www.tradeking.com) today announced the firm’s Senior Options Analyst and Options Playbook author, Brian Overby, will host a July webinar entitled, “Christmas Tree Butterflies: Setup, Risks and Uses.” The webinar will take place on Wednesday, July 11 at 5 p.m. ET and is free to all investors. 

The Christmas Tree butterfly strategy can be used to attempt to lower the cost of a standard butterfly. But because lower cost often brings on more risk in the options world, Overby will explain in detail the potential tradeoffs of Christmas trees compared to “standard” butterfly strategies. 

This webinar complements TradeKing’s ongoing “Midday Market Call” series of lunchtime webinars, taking place each Tuesday at noon ET. Midday Market Call hosts, Overby and Barron’s “Getting Technical” columnist and Chartered Market Technician, Michael Kahn of Quick Takes Pro, spend 10-15 minutes analyzing the major market indices, followed by Kahn sharing the Quick Takes Pro “Chart of the Day.” Overby then discusses at least one options trade based on Kahn’s chart. 

For a complete list of TradeKing webinars or to register, visit http://webinars.tradeking.com.

About TradeKing

TradeKing (www.tradeking.com) is a nationally licensed online stock and options broker offering simple, low cost online trading fees.1 A pioneer in integrating new financial social media as part of its innovative online equities, options trading and fixed-income trading platform, TradeKing has received multiple discount broker awards from top industry sources and was rated best in customer service by SmartMoney2 Magazine for the third consecutive year. (June 2012 SmartMoney Broker Survey).   

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Options involve risk and are not suitable for all investors. For more information, please review the Characteristics and Risks of Standard Options brochure before you begin trading options. Options investors may lose the entire amount of their investment in a relatively short period of time.

TradeKing provides self-directed investors with discount brokerage services, and does not make recommendations or offer investment, financial, legal or tax advice. The content of this press release is provided for educational and informational purposes only, does not constitute a recommendation to enter in any of the securities transactions or to engage in any of the investment strategies presented herein, and does not represent the opinions of TradeKing or its employees.

Online trading has inherent risks due to system response and access times that vary due to market conditions, system performance and other factors. An investor should understand these and additional risks before trading.

Multiple leg options strategies involve additional risks and multiple commissions , and may result in complex tax treatments. Please consult a tax professional prior to implementing these strategies.

Member FINRA/SIPC.

(1) TradeKing was ranked #1 in Customer Service in the SmartMoney June 2012 Broker Survey based on the following categories: Commissions and Fees, Mutual Funds & Investment Products, Banking Services, Trading Tools, Research, and Customer Service. SmartMoney is a registered trademark of SmartMoney, a joint publishing venture between Dow Jones & Company, Inc. and Hearst Partnership. Supporting documentation for any claims, comparison, statistics, or other technical data, will be supplied upon request by calling 877-495-5464 or via email at service@tradeking.com.

(2) $4.95 for equity and option trades, add 65 cents per option contract. TradeKing charges an additional $0.35 per contract on certain index products where the exchange charges fees. TradeKing adds $0.01 per share on the entire order for stocks priced less than $2.00. See our Commissions + Fees page at www.tradeking.com/rates for details on commissions on low-priced stocks, option spreads, and other securities.



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