Options for Income

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75 Comments on "Options for Income"

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Jay
Guest
0
Jay
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
11
gumshoe4d

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
Jason

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
1
arries

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

jperkins12
Guest
0
jperkins12

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.

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
Ethan

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

Ethan
Guest
0
Ethan

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

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
Mark

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
5
breuningd321

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
Diana

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
Mike McLeod

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

Guest
Guest
0
Guest

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!

newfool2002
Member
0
newfool2002

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
Sakura

Spreadthetrend has gone bankrupt and destroyed members accounts.

gentrybn
Member
26
gentrybn
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.

Santo
Guest
0
Santo

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
Egan

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
Bingo

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

Carol
Guest
0
Carol

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
Guest

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.

dr66
Member
25
dr66

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
1
johnkerttu

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

Powertower
Guest
0
Powertower

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
Peter

Who is the best options service to make money

CATHY
Guest
0
CATHY

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
Holly Braselman
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
Ric

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.

Fritz
Guest
0
Fritz

Top Gun has a write up on Rip off Report

Bob M
Guest
0
Bob M

Devoted Patriot + RW zealot. If you like far RW political rants with your trading, by all means join.

jacknasty
Member
51
jacknasty
I’ve been member for JF’s options for income for over 2 years evaluating the service. I have two trading accounts. One is for with his suggested alerts and the other is traded opposite of of the alerts. For example the lion share of trade alerts are put credit spreads, so if an alert was to sell May 50 of X buy May 45 of stock X for a credit of 1.50, I would buy the opposite spread buy May 50 of stock X sell May 45 of stock X (effectively making a bear put debit spread) for a in expensive… Read more »
Java212
Guest
0
Java212

Sounds like a great plan with the counter strategy. What are you doing now and what do you use for signals or recommendations? Thanks

TimR
Guest
0
TimR

Interesting test, thank you for sharing!

HedgeYbet
Guest
0
HedgeYbet

ANYONE PROMISING 9 MINUTES A WEEK GURANTEEING YOU $75,000….WELL IT IS COMPLETE NONSENSE!…GEEEZZZ…THANKS TO THE INTERNET THERE IS SO MANY INTERNET CON JOBS…

drobnisd
Irregular
35
I have been a member of Jim Fink’s (JF) Options for Income (OFI for about three years. He provides legitimate service, good advice carefully explained. He also answers individual questions on-line about variations and other ideas–unique in my experience. His intro materials are thorough and factual–he does not throw around terms that he has not explained. His preferred positions are PUT spreads, usually bullish, occasionally bearish, typically 2-3 months to expiration. Sometimes, often to rescue an in-the-money PUT, he will open or roll to a CALL option spread, usually bullish but again, occasionally bearish. These are moderately sophisticated strategies, but… Read more »
redpoint76
Member
23
redpoint76
I was a member of Jim Fink’s Options for Income) for the last two years and just cancelled for a partial refund. I couldn’t agree more with “drobnisd” Mar 25 review except I would use stronger language. Jim’s claims in his sales pitch are outright fraudulent and could land him in legal trouble. I started with a portfolio of $100k and got a 10% return over 2 years. No where near the $79k per year (or half that, $39.5k, because I didn’t start with $200k). Worse is the fact that his win rate is less than 20% (not 80%!) which… Read more »
WILLIAM
Guest
0

I agree with the points raised by Redpoint76 as there is many other reviews which is also complaining about these recommendations.

You stated the following;

“there are many ways to make a better return for significantly less of a time investment.”

Have you managed to find anyone who can provide reliable recommendations ?

THANKS

SAMBO253
Guest
0
SAMBO253
also keep away from Botarrelli options service. they have the same guarantees. they recently charged me $1,000 for one years service but ended up charging me for three services! I didn’t know until I checked my balance online. simply amazing how I could get an email confirmation of my first charge for service with them but they did not send out a second or third confirmation to my email for the second and third services I supposedly bought. certainly after the first 3 options recommendations lost immediate value I bailed on him and had a problem getting reimbursed for the… Read more »
charlesg1958
Member
4
charlesg1958
I am still learning the options business but I have learned a lot at Options Alpha. Lots of training info for free. I think you can sign up to follow Kirk’s trade and have access to other trading in for $100 per month. There is also some podcast covering a variety of topics about options trading. Overall the plan is to make trades with a 70% probability of finishing out of the money and volume is key to increasing the overall probability of success. The more you trade 70% probability trades the more you will get right. In the forum… Read more »
Fritz
Guest
0
Fritz

So Fink is no different than all the other junk online

Peter
Guest
0
Peter

Redpoint76 how about trading opposite what he recommends? Seems like there is opportunity make money 80% of the time

Kane
Guest
0
Kane

You nailed it. I trade the inverse of his alerts and my account is up 65% since I started doing this. Les risk more reward.

RWR
Guest
0
RWR

I received an offer for subscription to OfI at $40/year. Is the real price or are there other hidden costs? I see where someone posted having cancelled and received a refund of almost $580. What’s that about?

Santo
Guest
0
Santo

If you are getting OFI at $40/year, just take it. You will recoup that in one week and then make much more after. You need to be willing to commit capital to the account as cash reserve and be patient to roll trades for as long as needed. This is more of an options investing than a short term trading service, so be prepared to be patient and keep rolling as needed.

J. Smith
Guest
0
J. Smith

This happened to me also and when I took the offer I ended up with a different service. Seemed fishy, although the service I got is solid.

Santo
Guest
0
Santo

I am a subscriber and I would recommend it. The trades are very solid plays and as long as you have ability to put capital aside as margin reserves this service is a long term credible one, key is you need lots of capital and lots of patience as it is not short term trading.

jkp19
Member
0
jkp19

Also a member of OFI. I agree with Santo and see him post good information and analysis to the website on a regular basis.

dinky85
Member
0
dinky85

Mikie This is for jacknasty how many contracts do you trade

JOHN ZEIMETZ
Guest
0
JOHN ZEIMETZ

I watched a presentation on OPTIONS FOR INCOME by Jim Fink for a special price of $39.00. Could you resend that to me, as I lost it.

Khalid
Guest
0
Khalid
Santo
Guest
0
Santo

Subscribing to Personal Finance is not going to meet the claims cited. It provides some call and put option trades and other stock portfolios. You will want to subscribe to Options For Income to get the service which provides the cited claims listed above, which costs about 1000 per year or so to subscribe to. The claims are valid and legit but it needs you to hold $200,000 – $300,000 margin capital reserve to achieve those claims. ($185 per day).

Jerome
Guest
0
Jerome

I am not yet a subscriber to Fink’s Options for Income. Question: After being active in Options for Income for, say, 6 months, how many trades will one have open? Fink’s $$$ of profit (in his ads) appear to me to be based upon each trade being 10 contracts. I do not have that kind of money if there are 15 trades open after a few months. So would this service be practical if one has, say, only $50,000 to use for trading his option trades?

Santo
Guest
0
Santo

Expect to have 40 positions in 3-4 months. With 50k you can expect to do 2 contracts per trade. That might be about 12-15k gains per year based on current experience. No guarantees in future. Catch is if market tanks expect to be doing rolls for months to years to recover. No easy way to exit spread positions unless taking losses. Rolls are good but expect to hold rolls for a long time. That said, better a roll of a spread than an outright loss.

Jerome
Guest
0
Jerome

Santo, that promo actually says:
Again, the regular one-year rate for access to my most elite options trading service is $1,495.

But when you take me up on this offer, you don’t have to pay half that. Or one-quarter. Or even one-tenth.

Because for the first 100 people who respond today, my publisher is letting new Personal Finance subscribers join for only $39.95!

So does the offer include Options for Income or not?

Santo
Guest
0
Santo

I would call them to check. You want OFI not PF. PF is good but not for spread trades. It does stocks, bond portfolios and calls, puts.

I have no regrets for money spent on OFI. I have more than made that back and then enough to pay for at least another 20 years of OFI.

Z boy
Guest
0
Z boy

Is this legit? It sounds too good to be true… I’m not sure what the catch is

Guest
Guest
0
Guest

Yes, the service is legit. There’s no catch… You can try it and if you don’t like it you can get a full refund within 60 days.

HelloWorld
Guest
0
HelloWorld

I like the CBOE.com and You Tube.com how much time do you have, use the faster speed to get thru it? Get the free stuff first. Watch all the sales pitches and figure out what is valid by paper trading even after you go live with cash.

Shade D
Guest
0
Shade D
I used options for income about 3 years ago. I was pleased with Jim fink’s service at the beginning. He was very prompt and responsive at first and then all of sudden he was non responsive. So many times my ligitimate remarks on stock talk were completely removed. When I spoke with him on the phone about that he simply told me that he removes any comments that he classified as negative even though they could have been helpful for his members to help them avoid losing money. Sure enough all of sudden a lot of his trades kept losing… Read more »
Eddie
Guest
0
Eddie

I have been a subscriber to Options for Income for six months. I am very pleased with the service. My record this year is 15-2. $75,000 in income would be difficult but if you take 7-10 contracts on each transaction you will do fine. You can do follow up trades based on his successful recommendations. I have great respect for Jim Fink’s options investment abilty.

Steve R
Guest
0
Steve R

Question for Eddie: How much money is required in your trading account in order to do “7-10 contracts on each transaction”?

Santo
Guest
0
Santo

300k if you want to do 10 contracts.

Guest
Guest
0
Guest

300k out of pocket or do you build up to arrive at larger amounts of contracts?

Santo
Guest
0
Santo

Either. It would be a long buildup for many years to get there if trying to build up.

William
Guest
0
William

Every bull market has somebody who claims to make income selling puts. I recall several from the late 90’s, early 2000’s. Eventually, the market takes a big hit in a short time, and these people get eviscerated. Be careful.

Chuck
Guest
0
Chuck

Fink is fundamentally a conservative, value oriented, patient investor who has developed a methodology for trading Put Credit Spreads that have a high probability of success, limited downside when things don’t work out, and 20-30% return on risk. His system requires the alignment of multiple factors before he recommends a trade, and then he tracks that trade and advises until the trade is closed or expires. Highly recommended. No BS. Not a huge time commitment either since the service focuses on monthly expirations the third Friday of each month.

Jerry Diorio
Guest
0

Real estate is such a better investment than anything Wall Street has to offer, period!

Santo
Guest
0
Santo

Do both and diversify.

june
Guest
0
june

Investing Daily is a great site. Jim Fink is on this site. Personal Finance newsletter is a good one for 39/year…yes you have to keep track on their suggestions. They always answer your questions with explanation.

Paul0
Guest
0
Paul0

What would you? Swat Options are far better.

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