Options for Income

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151 Comments on "Options for Income"

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Jay
Guest
0
I just subscribed to Jim Fink’s OPTION FOR INCOME trading service of KCI Investing. It’s for every level of option trader, beginner to advance. He recommends 4-6 trades every month, whenever he identifies a high-probability play where the odds heavily favor success. His website includes educational videos and articles, performance tracking and other resource tools needed to become a successful options trader. His website is clear on his recommendations. He tells you exactly the information you need to input if you are an online trader and the exact words to say if you are trading with a broker. Jim is… Read more »
gumshoe4d
Member
19

I am considering joining Jim Fink’s service. I never use Option Trade. How does this work? Correct me if wrong:
1. I can use my current online trading company.?
2. I don’t need to have a separate account besides my current trading account.??
3. Follow Jim Fink’s instruction to input data (idcluding stock symbol, PUT, CALL, expiration date) on the online trade.???
4. How much for each trade? Any minimal and maximal?
5. What fees are involved.
6. Profit or loss will be updated in my current trade listing???
7. How many contracts/orders I can issue?

Jason
Guest
0

Funny how all these genius investor gurus sell you their advice instead of using it exclusively! If you follow their actions, write your own course and sell it to fools like yourselves!

arries
Member
7

Or genius, use it yourself and sell it. It’s called additional income.

SmackDaddy
Guest
0

lol@additional income. Always amusing how dumb people like arries can be. Do you even realize that the more people who use a certain type of system, the less chance it has to work? The market has to work that way to achieve balance. Ah well, live and learn.

jperkins12
Guest
0

Well said, Jason. Could not agree more. These guys make more from subscribers than doing their actual trading. If they made the kind of money he claims, they would not waste time with us.

Charlie
Guest
0
I’d like to make a few comments that apply to various comments here, and keep in mind that I’m not an expert trader and I’m just trying to be helpful. I’m using your comment, J Perkins, as my springboard, because it best leads into what I want to add to the conversation, overall. You agree with Jason, then counter him with the reason his idea is off-base, overall. “These guys make more from subscribers than doing their actual trading.” If you find a trade worth X to you, as a trade, and you can make 10X or 20X by selling… Read more »
Silver Gates
Guest
0
Very good analysis. I also joined the newsletter and I seem to keep asking myself, why do it with pennies when I can ride the wagon carrying billions? Making a profit when shares rise in value is, of course, par for the course; but Institutions construct strategies built to receive a positive return regardless of market direction, using complex option strategies, like the ones mentioned, to hedge risk…. So individual investors can essentially put their money to work – and profit without getting involved in the complexity and risks of essentially running your own hedge fund. If this possibility sounds… Read more »
Abraham Akinwale
Guest
0

Hi Jason, I just want to start trading, quite a novice, please put me through on how to go about it. you can contact my email: abramoloy@rocketmail.com

Christopher
Guest
0

Jason, perhaps sometimes the simple answer is that greed isn’t the only motivator in the world.

Eric
Guest
0

It’s now 6 years later, do you still feel the same? Is the system worth the money?

Jeb
Guest
0

@ Eric. It’s obvious that nobody in the discussion above can adequately answer your question since none of them have: 1) bought the system 2) implemented trade strategies 3) or tracked results. It’s clear that all comments are biased opinions without having evaluated Mr Fink’s services. I’m not saying that their comments are wrong… only addressing your question that none can adequately answer your question based on actual EXPERIENCE, only their personal “gut” feeling.

Mike
Guest
0
Jim Fink’s service has been great. He is always available to answer your questions, great educational content, I started with $150K in an options account two months ago and now, following his weekly options plays, the account is approaching $200K. Some of that is due to LEAPs in his Growth Portfolio, but most is due to monthly put spreads sold for $1-$2 per net credit. It begins to add up, most of his plays are fairly conservative. I would recommend his service highly based on my experience so far. Of course the market has been kind to put sellers this… Read more »
gFous
Guest
0

Mike, how have you done long term?

irwin r
Guest
0

I have traded sold covered calls but how does one get an account where you can-sell puts tht are not protected???? what are the risks associated with them? for 39 even paper trading would be good to learn? thanks for any response
puts without any limits scares me! even if on buys puts belowthe ones yoou sell there are still some risks

Ethan
Guest
0

selling naked puts has the same risk/reward profile as selling covered calls -in theory if you are selling covered calls you should not be afraid of selling naked put AT ALL – if you don’t understand the underlining theory you have to learn, in practice selling naked puts requires less capital input hence better return, you can further reduce risk by selling a bull put spread but that will eat into your profit

Tim
Guest
0
Thats a ridiculous statement. There is a reason why you can sell a covered call in an IRA and not naked puts. Why one strategy requires level one options risk knowledge and one is a level 5 . Shame on you for saying that. You are making the deadly assumption that black swans are merely talking points on a television. One is an income strategy and one is a “hail Mary full of grace” strategy. I cannot believe you said they have the same risk profile. And how you throw in spreads to justify the argument. Those are apples and… Read more »
Dan Negrey
Guest
0

Thank you tim. IM GLAD YOUR ON POINT.

John
Guest
0

Just to clarify the real reason you cannot sell naked puts in an IRA is that you cannot add funds to an IRA if the trade goes against you and exceeds the amount of funds you have in the IRA. You cannot add funds to your IRA to cover your loss.

james b
Guest
0

You can be naked and still have a profit with a black swan event if your second greeks are configured properly….of course you will have other spreads in that trade. Every one of my option trades are configured with a black swan event in mind…If it happens i will profit alot, if not i can usually close it with a small profit. However, I am always positioned for an upside move. So basically I am playing both sides everyday.

Ron Swanson
Guest
0
You are incorrect sir. Naked puts have the same risk profile as writing a covered call. If you are long 1 covered write in stock xyz in a crash you are losing at a rate of 1.00 delta (after your short call premium cushion is exhausted) which is exactly the same as being short 1 put in stock xyz which would also be losing at a rate of 1.00 delta (after your short put premium cushion is exhausted) . Cash secured naked puts are also allowed in IRAs and don’t require level 4 options approval (there is no level 5).… Read more »
Alan Myers
Guest
0
Actually, Ethan is correct. Selling a “naked” put and selling a covered call have exactly the same risk/reward profile. In fact, selling the put probably has less risk as you do not have to actually buy the stock first. In an IRA, you do have to have the cash available to purchase the underlying stock (i.e. the value of the strike x 100 shares) to sell what are officially known as ‘cash secured puts’ in an IRA. Adding in the spread both reduces the risk and the amount of capital needed. Example… MSFT is trading around $85 per share. You… Read more »
Ethan
Guest
0

see the comment below by newfool, he is taking about spreads …

james b
Guest
0

re read the statement, he said put spreads sell one put and buy another which has a downside protection.
plus if you do it right, you will close out the trade with a 50% profit. Trading options is definitely safer than buying stocks if you put the time in to learn the correct way to do it.

ciro
Guest
0

great job… i imagine that you can share your list order.. whitout your personal detail… could be a great advise for the service

Mark
Guest
0

My one complaint is that he does NOT answer questions. It seems that if your questiin is in any way doubting what he is doing he will delete the question from the board. He does.not even leave it there for.other members to answer. I find.options hard to understand, so it is fristrating to ask a question that would sincerly help me only to see it disappear.

breuningd321
Member
10

I agree completely with the previous reviews. Jim Fink is brilliant, extremely responsive and provides a great value. Really good for beginners.

Diana
Guest
0

I got the impression that he is brilliant and stopped here to double check before subscribing to his news letter. I’ll post my experience shortly. To be continued. . .

Mike McLeod
Guest
0

I am considering him, but I have been scammed so often I am afraid

Guest
Guest
0

Definitely give it a try. I joined last August and have been very profitable. They do have a 60 day money back guarantee, so if you find it’s not a service for you, you get 100% of your money back. However, I highly doubt you will be asking for a refund. Personally, I will be a lifetime member!

Steve
Guest
0

hello Diane,
So how have you done?

newfool2002
Member
3

I am only one month into this service, but I have tried 4 others, Excellent picks, conservative, If you chose Risk, he shows the naked put, otherwise to be safe use the spread. If I was in trouble, he will help, a Gem.

PS: Gumshoe reviews was the reason I found him and also found Spread the Trend, another keeper.

Sakura
Guest
0

Spreadthetrend has gone bankrupt and destroyed members accounts.

gentrybn
Member
38
I liked this service, but the results are vastly overstated. Jim claims 70%+ returns in the past year, but that is using some fishy accounting of “reinvesting” due to the short time frames of the trades. My actual returns in one year of the service was 11% gain (return on risk) after commissions. That would normally be a decent result, except you realize the S&P was up over 30% in the same time frame. Everything about the service is first rate. Very detailed and easy to follow recommendations which are easy to execute with very little time spent weekly. Jim… Read more »
Bhushan Joshi
Guest
0

I completely agree with this review. I used service for more than a year. First 6-7 months were awesome bcos market was trending. Later market corrected so started getting losses. I didn’t understand how rolling would gain money. We were just increasing the spread so bigger risk. I quit the service. Whatever Jim is stating is very overstated.

Bob
Guest
0
Agree 100%. Jim Fink’s claims of 30% or higher returns is overstated. The system ignores any options trades that are losses and instead recommends ROLLING the stock options into the future until it is profitable. That’s why his “LATEST CLOSED POSITIONS” list always shows winners only. My results through 6 months with the service is 3.12%. Would love to see a detailed list of the trades some of his members are claiming that they get 30% or higher per year. I bet they don’t count initial trades that are then ROLLED. I wonder what their brokerage accounts really look like!… Read more »
Santo
Guest
0

How many contracts per trade were you doing and what was the commission per trade ? 70% win rate seems quite decent but only 11% return which seems low ?

Egan
Guest
0

Check out Tastyworks.com you’ll like it they just launch their own brokerage firm commissions $1.00 per contract that includes buy and sell. They also have a live show telling you what trades there doing their motto is trade small trade often

Bingo
Guest
0

Of course they are going to say, trade small trade often…that’s how the brokerage house makes more money!

Richard Krug
Guest
0
I don’t use any service at all and trade very successfully using only credit spreads on the SPX. Trading small is good advice, but trading often is not. All good traders have had to find their own way to success. Experience is necessary. You also need to find a way to determine market direction. The Elliott wave theory is the best way to do this. Tony Caldaro is the best in the world at doing this and his blog is free. Just don’t read the comments section – you will get distracted by fools. Just read Tony’s end of day… Read more »
Mark
Guest
0

I looked at Tony Caldaro’s blog, but couldn’t find any introductory material to help a beginner learn about the Elliott wave theory and how to implement it in trading.

Jackson
Guest
0
I just couldn’t help myself. I literally just about choked when I read discovered what genius Richard laid out for us to marinate on: “You also need to find a way to determine the market direction.” Words don’t describe how ridiculous of a statement that is. Translated: “You also need to find a way to predict the future.” Yes, this would be helpful. As one economist put it: “Predictions are extremely hard, especially when they involve the future.” Sports analogy: A Baseball batter, standing 50 or so feet from the mound, must essentially predict the future, as they must start… Read more »
Richard Krug
Guest
0
One other point. You don’t need to pay others to learn to trade options. Everything you need to know is available somewhere free on the internet. There are also very inexpensive options courses from Udemy.com. I would recommend a course by Jim Tompkins called Options Trading – How to Win With Weekly Options. I paid the full price of $115 but they frequently run discounts where all courses are offered for $13 or $15. One thing I’ve noticed is that people who sign up for expensive courses lack self-motivation and are not self-starters. If they were they would have already… Read more »
Gary Douglas
Guest
0
Both posts are an excellent and well-reasoned, even passionate, admonishment to the “I wanna get rich quick” crowd. Thank you, Richard. I appreciate your encouragement and your guidance – it sounds to me like you know what you are talking about and I appreciate that. I’ve never been a fan of knee-jerk reactions, either in investing or in posting to social and or financial media sites such as Travis’ site here. Options investing is a direction I have been intrigued with for some time, but not knowing enough to venture in, I have hesitated; thinking perhaps paying someone who “knows… Read more »
David White
Guest
0
Hey there, Bingo and everyone else. Let me tell you about Brokerage Commissions. I am just getting started in an Options Trading class and I am considering this newsletter as a way to get some ideas to research, possibly trade, and certainly learn from. However, I have done a LOT of research on brokerage firms. I don’t know if I am allowed to share on this venue, but I can assure you that you are not likely going to find lower commissions (combined with a nice platform) than on TastyWorks. If you research and agree that it makes sense, please… Read more »
Carol
Guest
0

I had a similar experience with OptionsForIncome! I found my funds were tied up in rolling many options. They refunded my ‘trial’ money as promised. I just wasn’t earning enough considering the investment. Jim cherry-picked and ‘authored’ questions on his website to suit his purpose. I just noticed they increased their price to $3,000.00/yr. Wow! I paid $695.

Guest
Guest
0

It’s not a get rich scheme, rolling is a way to avoid losses and is another form of value investing. I don’t understand how 20% to 50% returns weren’t enough earnings for you. If you know of a better service that provides higher returns please share.

Bob
Guest
0

Do you count ROLLED trades into your 20 to 50% return?

dr66
Member
26

I have been subscribed to Options for Income for almost a year. Recently, I checked open positions in Conservative Growth portfolio I noticed that they are more than five positions with 100% loss. When I posted my question about overall historical performance of the portfolio on the discussion board, my question was promptly removed.
I don’t understand why questioning performance of the newsletter which claims: “Give Me 9 Minutes a Week and I Guarantee You $75,000 a Year” is inappropriate and Mr Fink is ignoring it.

Robert Brink
Guest
0

I’ve had the service going on two months. I’m losing money, and these continual vertical rolls take a lot of time for the small amount you make on the trades, if anything. I’m canceling the service to get my $597 back, and won’t receive his future instructions on vertical rolls to try and salvage the losers. Will have to figure out myself what do do. I’m very disappointed.

johnkerttu
Member
9

ths is today’s webinar price. LOL selling advice to the masses. rotflmao @ you
$79 for 2 Years
https://www2.investingdaily.com/olp-pf-seconds-2/?campaigncode=WL1244
2 Years of Personal Finance delivered both electronically and in print to your mailbox, along with total access to the Personal Finance website with portfolio updates, flash alerts, and member forums. You will also receive the following bonuses:
How to Buy Stocks at a Discount
Options Strategy Manual
Quick Start Options Training Program (video series)
The Biggest Legal Loophole in the IRS Tax Cod

Norberto Villanueva
Guest
0

Too funny. I am on this board trying to decide if it’s worth it! Is it hot or not!

Richard Krug
Guest
0

All you get for this price is Personal Finance newsletter. It really has nothing to do with options trading at all. Deceptive marketing in my opinion.

Guest
Guest
0

This is correct. The ad makes it look like you are getting Options for Income, but it is Personal Finance. Not a bad newsletter, but it does seem like a bait and switch.

Jeb
Guest
0
@johnkerttu – Your post proves the point that Richard Krug’s made in his post above. Too many folks look for get rich quick services where they don’t read, comprehend, or study to gain full understanding. The fact that you’ve posted a link to a DIFFERENT service that is also promoted by Mr Fink (Personal Finance) instead of his “Opions For Income” service being discussed in this review …. really proves Richard’s point that folks don’t take time to understand what they’re reading. If you don’t pay attention and understand what you’re reading…. then you aren’t going to learn. By posting… Read more »
Richard Krug
Guest
0

Those claims are not sound.

Powertower
Guest
0

It’s suspicious that any posts questioning his returns or the fact that as of now if you closed out all your losing positions you would wipe out 3 years of gains gets removed. It’s shady. I would not recommend the service for the faint of heart. Everyone is a genius in a bull market.

Peter
Guest
0

Who is the best options service to make money

CATHY
Guest
0

TOP GUN OPTIONS IS TOP OF THE LINE SERVICE. WHIZ IS HIS HANDLE AND HE IS SHARP. YOU PAY FOR WHAT YOU GET! TIME WISE YOU WILL HAVE EVERYTHING RECORDED AND TEXTED SO YOU GO AT YOUR OWN PACE. BUT IF YOU SATAY WITH HIM DILIGENTLY IT WILL REQUIRE MAYBE 2 TO 3 HOURS A WEEK BUT YOU WILL KNOW WHAT IS GOING ON IN THE WORLD THAT CONCERNS ECONOMICS AND POLITICS ALSO HE IS A DEVOTED PATRIOT YOU CAN DO A MONTH OR TWO SO YOU CAN SEE IF YOU LIKE AND THEN GO ANNUAL IF YOU LIKE!

Holly Braselman
Guest
0
Cathy, thanks for your recommendation. I am looking to get into a good service for making income. New to the stock market and option trading but very interested. I sell real estate but want to find another way to make income. Getting older and can’t beat the streets like I used to. I like it that you are a women are into this. Can you give me an idea of the amount of money that I would need to start with to make a reasonable income and also how has your success been with Top Gun Options thus far. I… Read more »
Ric
Guest
0

Topgun is a no nonsense service, no bells and whistles. Very honest, been member for 5 years. Not just pie in the sky recommendations, also has hedge plays for protection.

Richard Krug
Guest
0

Are you aware that “Whiz” Buckley of Top Gun Options does not trade real money? All of his supposed trades are done on a paper trading simulator. His so called phenomenal trading results are non-existent.