Options for Income

Leave a Reply

29 Comments on "Options for Income"

avatar

Jay
Guest
0
Jay
May 21, 2011 10:41 am
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
3
gumshoe4d
August 16, 2016 11:05 pm

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
October 12, 2016 2:59 am

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
November 19, 2016 5:51 am

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

Mike
Guest
0
August 28, 2012 3:12 pm
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
October 1, 2016 5:18 am

Mike, how have you done long term?

breuningd321
Member
3
breuningd321
May 14, 2013 8:54 pm

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

newfool2002
Irregular
1
newfool2002
November 21, 2013 9:28 pm

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
August 20, 2016 5:01 pm

Spreadthetrend has gone bankrupt and destroyed members accounts.

gentrybn
Member
23
gentrybn
July 1, 2014 10:37 pm
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 »
dr66
Member
17
dr66
September 3, 2015 4:16 pm

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
September 29, 2016 2:06 pm

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.

Powertower
Guest
0
Powertower
October 9, 2015 4:05 pm

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
October 27, 2015 9:16 am

Who is the best options service to make money

jacknasty
Member
29
jacknasty
January 12, 2016 11:14 pm
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
September 22, 2016 9:15 am

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

HedgeYbet
Guest
0
HedgeYbet
February 29, 2016 11:42 am

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
24
March 25, 2016 8:11 pm
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
18
redpoint76
May 24, 2016 12:24 pm
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
August 15, 2016 2:46 am

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
September 15, 2016 1:10 pm
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
0
charlesg1958
November 21, 2016 9:19 pm
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 »
Peter
Guest
0
Peter
June 5, 2016 5:46 pm

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

Kane
Guest
0
Kane
September 14, 2016 8:34 pm

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
September 30, 2016 2:39 pm

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
October 11, 2016 8:44 pm

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
November 14, 2016 9:00 pm

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
November 14, 2016 9:04 pm

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.

dinky85
Member
0
dinky85
November 5, 2016 10:14 am

Mikie This is for jacknasty how many contracts do you trade

wpDiscuz