Options for Income

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134 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
18
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
7
arries

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

SmackDaddy
Guest
0
SmackDaddy

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
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.

Charlie
Guest
0
Charlie
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 »
Abraham Akinwale
Guest
0
Abraham Akinwale

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
Christopher

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

Eric
Guest
0
Eric

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

Jeb
Guest
0
Jeb

@ 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
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

Tim
Guest
0
Tim
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
Dan Negrey

Thank you tim. IM GLAD YOUR ON POINT.

John
Guest
0
John

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
james b

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.

Ethan
Guest
0
Ethan

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

james b
Guest
0
james b

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
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
10
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
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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!

Steve
Guest
0
Steve

hello Diane,
So how have you done?

newfool2002
Member
3
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
38
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!

Richard Krug
Guest
0
Richard Krug
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
Mark

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.

Richard Krug
Guest
0
Richard Krug
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
Gary Douglas
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
David White
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
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
26
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
8
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

Norberto Villanueva
Guest
0
Norberto Villanueva

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

Richard Krug
Guest
0
Richard Krug

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
Guest

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
Jeb
@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
Richard Krug

Those claims are not sound.

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.

Richard Krug
Guest
0
Richard Krug

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.

Cindy Young
Guest
0
Cindy Young

Richard, you sound like u know what your talking about more than anyone I’ve read or watched webinars about. I don’t understand stock market to much, I buy stocks and they don’t make me anything except tweed in Canada was good buy.

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.

Mike
Guest
0
Mike

I am taking the Options Animal course. It costs $3500 and is hard to follow. I don’t know whether I will be successful yet.

jacknasty
Member
76
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
Member
58
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 »
mark
Guest
0
mark
I’ve been investing for many years, but never using options. After reading JF’s (30 page) intro to his Options for Income trading service, and his (9 page) sign-up pitch, I was leaning toward giving it a try. So easy, so safe, so conservative and so incredibly profitable … what could be better?? However, after reading the two reviews, ‘drobnisd’ above and ‘redpoint76’ below, both exceptionally well written, I was gobsmacked!! The only reservations I had about JF’s service beforehand were 1) The $3000 annual cost, (temporarily “discounted to $1500) 2) The length (overselling?) of his intro 3) and whether there… Read more »
D_Tone
Guest
0
D_Tone
Your loss, you should really reconsider. Latest Closed Positions AMZN Put Credit Spread 9/15/17 47.06% ROI V Put Credit Spread 9/15/17 38.89% ROI CELG Put Credit Spread 9/15/17 31.58% ROI LLY Put Credit Spread 9/15/17 28.21% ROI EBAY Put Credit Spread 9/15/17 26.58% ROI EQT Call Debit Spread 9/15/17 19.05% ROI DLTR Put Credit Spread 9/15/17 12.44% ROI ALXN Put Credit Spread 8/18/17 58.73% ROI MU Call Credit Spread 8/18/17 32.63% ROI VZ Put Credit Spread 8/18/17 23.46% ROI SAM Put Credit Spread 8/18/17 16.96% ROI JBHT Put Credit Spread 8/18/17 6.38% ROI PPG Put Credit Spread 8/18/17 3.31% ROI… Read more »
redpoint76
Member
27
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
2
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

Kevin
Guest
0
Kevin

Redpoint, I am a regular guy who knows nothing about investing, and I was excited by Jim’s advertorial. Thought learning about investing for awhile (like Jim did when he was a lawyer) would be a worthwhile pursuit. However, reading your review tells me to stay away … just more bs. I know nothing about investing, and much of the jargon used is Chinese to me. This service is for people who already trade, not me.

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
2
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.

Guest
Guest
0
Guest

That offer is really for Personal Finance. They weren’t clear on the way it was offered. With PF you get 1 options trade per month. Not a bad way to test out what they have without much investment.

tammy
Guest
0
tammy

I thought all I had to pay was $79 for two years, then the next page is trying to charge me for $597, it is just a bait and switch.. He was not truthful in his presentation. I thought i was to get 4-6 options trade a month but it is not true, the guarantee he offers is too good to be true. I need the figures directly from his brokerage acct with time stamp.

Richard Krug
Guest
0
Richard Krug

For $40/yr. you will be getting something completely different from what you think you are getting. All you will get is a subscription to Personal Finance newsletter, which is a buy-and-hold stock rag. Nothing about options at all.

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.

Robert
Guest
0
Robert
I’ve been with Jim for almost a year, mostly taking just a single contract – which requires about 15K in capital. Rolls are inevitable because 100% of directional trades cannot be guaranteed by anyone. With that said, about 80% are successful (due in part to his seasonality navigator, increasing the probability of success). 20% have been rolled. Rolls are also about 2-3 months in duration, the same duration as the original trade. With 2 months to go for 1 year anniversary, my realized gains in my etrade account are about $7k with average trading capital of about $20K. That’s an… Read more »
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
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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
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Z boy

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

Guest
Guest
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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
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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
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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
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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
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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
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Santo

300k if you want to do 10 contracts.

Guest
Guest
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Guest

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

Santo
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Santo

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

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

Santo
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Santo

Do both and diversify.

Joseph
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Joseph
Real estate is a wonderful way to make money. But it requires patience. I have made several million in the last 20 years. And I am NOT a high flyer. I just buy 1 or2 houses or a 4 plex at the time. Fix and sell ,and reinvest immediately. It is not difficult. I do invest in stocks and ETF’s and make some money but it would really tough to make a living at stocks, much more difficult than real estate. My most profitable stock investment has been the use of TC2000 and the setting of the Heiken Ashi candle… Read more »
june
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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
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Paul0

What would you? Swat Options are far better.

Gary Page
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Gary Page

I have made a good, steady income trading options spreads, per Jim Fink’s excellent recommendations and tracking.

K. Hanover
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K. Hanover

My experience has been similar to yours. JIM Fink’s trading instructions are written clearly and his rationale for the trades he recommends is compelling. I am very pleased with my subscription to his Options for Income service.

tony
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tony

I signed up for Investing Daily /Options for income and basically what I get daily is a video lecture that hints about a stock but is actually a request for signing up for something else. I’m always short one sign-up to get real info.

D_Tone
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D_Tone

You are confusing the services. We don’t get videos with Options for Income, only training videos. We get two credit spread recommendations every Thursday morning.

Richard Krug
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Richard Krug

I paid my $37 for Jim Fink’s advisory service and all I got was a subscription to the Personal Finance newsletter. WTF? Nothing to do with options at all.

Jeb
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Jeb
@ Richard Kurd – I was impressed with your earlier July 6,2017 post so much that I referenced it in response to a comment where the person didn’t pay attention and carefully read to know that there is OBVIOUSLY a difference in Jim Fink’s “Personal Finance” service than his “Option For Income” services. They are 2 completely different offerings…. not the same thing. Originally I was impressed and used your earlier posting to explain the poster’s lack of attention to details… I now have to steer you back to your original comments that you need to read and comprehend if… Read more »
J.A.Smith
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J.A.Smith

Wanna learn how to trade options? Get off your lazy butts and do some real research… Read some books (the even have an Option Trading for Dummies book), join a trading group/club, look for information on the internet – there are tons of free info out there. If they charge you $$, and promise that you’ll make $$, it’s a F@cking SCAM.

MikeH
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MikeH

After reading all the comments, It seems the sales pitch is too good to be true. I was willing to try it, but wanted to do some research prior. I would like to learn about trading options. I have only

MikeH
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MikeH

been trading on Scottrade for about a year with mixed results. Looking to learn more without being scammed. Any suggestions would be appreciated.

Jacks
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Jacks
I was turned on to options from a friend who is successful at it. I’ve been studying selling puts and covered calls, spreads pretty hard for almost two months and have had a paper trade account for two weeks. Anyone new to options should do a lot of self study before joining a service for a fee. At 62 years old it’s imperative for me to avoid losses, I’ve been badly burned buying and selling stocks. Options look to be much safer than buy and hold. I would like some help screening stocks or selling puts but hard to tell… Read more »
johnl12
Member
-2
Clicked a link and watched a 30 min video by Jim Fink describing his successes in his “Options For Income” newsletter. Sounded great, but when you click the link for subscribing it turns out you are actually sighing up to another newsletter Personal Finance that he is one of the authors/contributors to. This is really a form of Bait and Switch tactic, very annoying, especially after his taking up 30 minutes of my time watching him promote something else. This is misleading and deceitful. I would not trust the guy based simply on this unethical sales pitch–whether he is a… Read more »
Rick
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Rick

The Market is really high and will come down at anytime
Anyone selling puts is insane..

aduka
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aduka

hello this service still available?

Eddie
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Eddie
I have been a subscriber to Jim Fink’s options for income for nearly one year. I have an 85% win rate. You have to be careful which one of his recommendations you choose. He usually offers two and I take what I feel is the best one. Some of his option deals can be done over and over again like Apple, Blackrock etc. His choices are conservative. Options for income is much better than Velocity Trader. It would be difficult to earn $75,000 but $25 – 50,000 is definitely achievable. If the avg. expiration is 60 days and you invest… Read more »
Kathy
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Kathy
I must say, I get very annoyed when people just make assumtions with no basis in fact. How do you know what anyone who has a great deal of money will do or not do. There are many long term traders out there that worked in a fast paced, exciting, eventful, challenging field. Successful traders often develop their own pattern recognitions that are not know or taught anywhere or by anyone else, not to mention spending your life in a particular field you are passionate about. Why shouldn’t you pass on all you’ve learned. That’s like telling an author not… Read more »
Eli
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Eli
I started with OFI 6 months ago, but have cancelled my subscription. As others mentioned, when I posted a question to his members site inquiring about what percentage of rolled trades turn into winners as opposed to adding to a losing position, I was shocked to see that the comment was deleted by the moderator right away. Also, this is not a service for beginners, it is very technical with advanced strategies that can be very confusing. Now with the market coming down, I have to handle spreads which I am down on without knowing Jim’s advice how to try… Read more »
hted1206AtGmail
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hted1206AtGmail

Are you are having issues accessing your investment with your broker ? Is your broker demanding for more funds before you can withdraw ? OR has your broker account been manipulated in any form ? You suspect shadiness from your broker and wish to get a full refund of all your investment ? I recently recovered funds from a scam brokers, Titan Trade and Big Option. They intentionally make you loose trades so you deposit more money. I had to hire a professional to get my money back. Lesson learnt, happy to share my experience.

Mike
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Mike

It is a scam. They took $1995 from me

D_Tone
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D_Tone

Why would you post something that is simply untrue? It’s people like you who ruin the opportunity for others. I bet you work for CNN, nothing but fake news!

Scott
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Scott
I have been getting emails from this service for some reason, and after listening to the presentation I was worried that he had discovered the same system as I came up with last year. He does have half of an idea, but you all are right, spreads are a terrible way to try to make money, either in puts or calls. All they do is expose you to risk and decrease profit. What I have come up with has only one trade,which I do only on the s and p 500 and has no loss down to a 20 percent… Read more »
Santo
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Santo

Please take your self promotion to a different thread that people one will read on its own merit, not try to use a well read thread to divert to a self promoting ad. People have the opposite reaction to your intent. This is a credible forum with comments that are genuine and keeps readers coming, let’s keep it that way.

Scott
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Scott
Honestly, this is the most genuine post you can imagine. I really have found something unique,and I really have no idea how to make any more use of it than trading it, which I have been doing for a year and a half now with significant money,as you can see. And I’ll tell you why it works; it’s because it does nothing like anybody else is doing, in fact mostly the opposite. Instead of being the card player ,I am the casino and instead of trading price I am trading time. AND,instead of losing money I am making money ,… Read more »
Ed:
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Ed:

Scott;
If your system is so good, if you are making such good money, and if you are truly altruistic, why not share the system rather than attempting to pedal it like snake oil?

Scott
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Scott
Well, if snake oil could make you 20% over the market that would be great,but like I said , I’m not trying to pedal it, I’m trying to find someone with real money behind them to use this system. Obviously I’m not going to give it away as it is the only true advance I have seen in the markets in my lifetime. The reason it works is because for some reason everybody in the markets has a blind spot. I spent 3 months on the computer every day in the winter of last year and after trying every combination… Read more »
Tony
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Tony

Scott – what is price for the ‘player’ to get involved in your system? In other words, what will it cost that person
to learn all about your system? A % of gains or a set fee? I might know someone for you.

Scott
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Scott
Great, glad to hear from you Tony. I was going to start knocking on random doors. First, I want you to know that I am not exaggerating at all. Like I said, I can prove all of this with real money traded. Second, I have looked at the markets for what I trade and how, and I think you could run a billion on this before it got too much attention. Third, like I also said, this is not a trade and pray system , for any market move I can tell you what the results will be up to… Read more »
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