Big Money Options

Leave a Reply

3 Comments on "Big Money Options"

avatar

Kim
Guest
0
Kim
April 1, 2010 9:18 am
I keep getting ads from those guys, so I decided to give it a try, considering the fact that they have a risk free subscription. They advertise profits of “…1,100% gains in 15 days, …1,200% gains in 7 days, …2,300% gains in 10 days.” They promise to double your money twice a month. Let’s analyze some of those profits, beginning with the largest one. 2,300% came from VZ April 29 Call-April 28 Put Debit spread. They call it Debit spread; in fact it’s called a risk reversal. You buy a long call and “finance” it by selling a short put.… Read more »
glworden
Guest
0
glworden
April 28, 2010 6:17 pm
Everything Kim says is true. You looks through the performance record and see these thousand percent gainers and think WOW! Then you realize they achieve this performance through the “sell the put” trick that Kim describes. This would be great if we could just sell naked puts with no margin requirements. But we can’t – and I can’t even sell them at all. So these trades just aren’t available to many. As for the picks themselves, they are nothing special. Hit or miss. Some double quickly. Some fall flat and die on the vine. I pay for a service in… Read more »
Richar
Guest
0
Richar
August 19, 2010 8:48 pm
Another disgruntled subscriber quipped this newsletter should be called “Big Money Losers” and I couldn’t agree more. I was taken in by misleading reports of huge gains and hints of insider information, in reality I probably could have done better picking stocks at random. I was a subscriber for three months…before using this services recommendations I was up $7,000 for the year…now I’m down $11,000 year to date. I quite this service and got a prorated refund. Of the twelve buys I still have in my portfolio…all twelve are losing, between -20% and -143%! If you are an active subscriber… Read more »
wpDiscuz