Options for Income

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47 Comments on "Options for Income"

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Jay
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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
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
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
arries

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

jperkins12
Guest
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
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

Mike, how have you done long term?

breuningd321
Member
breuningd321

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

newfool2002
Irregular
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
Sakura

Spreadthetrend has gone bankrupt and destroyed members accounts.

gentrybn
Member
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

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
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 ?

dr66
Member
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

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
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
Peter

Who is the best options service to make money

CATHY
Guest
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
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 »
Fritz
Guest
Fritz

Top Gun has a write up on Rip off Report

jacknasty
Member
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
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
TimR

Interesting test, thank you for sharing!

HedgeYbet
Guest
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
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
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

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
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
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
Fritz

So Fink is no different than all the other junk online

Peter
Guest
Peter

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

Kane
Guest
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
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
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
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
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.

dinky85
Member
dinky85

Mikie This is for jacknasty how many contracts do you trade

JOHN ZEIMETZ
Guest
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
Khalid
Santo
Guest
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
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
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
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
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
Z boy

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

HelloWorld
Guest
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
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 »
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