Weekly options trading service.
32 Comments on "Options Hotline"
I subscribed to this service several years ago and I can confirm what Larry has told you. Agora is very carefull about their wording in the claims they make. They use the words may have, could have etc. They are careful not to claim they DID make x% gains.
They DO state you could have made x% profits throughout the life of the option if you sold at the peak of its value. Of course you will never get a sell recommendation from the service that will accomplish this goal.
In my opinion dont throw your money away chasing could have advertising.
Options Hotline- $260 per quarter
I agree with all the other comments previously posted. I subscribed for one quarter and then cancelled. I did make money, about 3 times the subscription cost. It may not be a bad service for you if you have experience and can closely manage the trades. I did not take every rec he put out, I researched them myself after getting the rec and only took some I thought had merit and I did ok, but he had so many losing picks I finally decided to cut it lose.
Rating is poor due what others have said about getting into the trade. I have found that all the option newsletters are the same way. The newsletter controls the market for that strike. If you want to use these news letter you have to be educated about options and use a different strike strategy. I still get the newsletter because I am a lifetime member of a group which it is one, but I don’t trade it anymore.
I agree with everyone…started out OK but went down hill fast. The customer service is non-existent. The reco’s are poor even though you can make money. you have to be watching every minute of every day to get out with a profit.
This is just a “ditto” of the above reviews. A trading service that tells you when to enter a trade but not when to get out is basically useless. And their advertising is based upon an imaginary world in which you always sell an option at the highest price it ever gets after you buy it, as if you knew you were at that point when it occurs.
yes the pick is reached the first day as Larry said probably because of subsc. demand then next day on are worthless until expiration at least most of them
All the above reviews are so true. There is no telling when to get out. Their advertising is totally exploiting the greedy nature of humans. Sarnoff’s guidance as to when to get out is skimpy and nowhere close to the peak. Suffice to say it is not helpful at all. I would recommend it only to the most nimble traders out there. Others stay away.
I used Sarnoffs service in 2003….everything above is true…lost a bundle on a completely worthless service…which is being sold today using the same hype.. my opinion its GARBAGE!
I was attracted to this service by the claims (“turn $5000 into 1 million in some ludicrously short period of time”). I quickly found, like many other reviewers so far, that those performance numbers were simply not accurate but absolute “best case” numbers, getting the recommended entry price and selling at the absolute top, whether they hit the “conservative” or “aggressive” tagrets at all. Naively following the reqs lost me a lot of money, lesson learned. Occasional winners that actually hit the sell targets, more than offset by significant numbers of 100% losers (worthless @ expiration).
It has been years since I subscribed to The Options Hotline, but I see nothng has changed. Larry’s (first review) analysis is spot on.
just got into this service and still in the ‘warranty’ stage. have made 2 of the recommended trades with negative results so far. went into this with the full knowledge that no exits were provided, but wanted to see how the recommendations did. safe to say that i will be backing out and hopefully getting my money back.
Some misses are expected, especially in this volatile market. IMHO there have been far too many “misses”.
Moreover, his writing style is not clear and difficult to follow. “Reco’s” and “resistence” – well….. nuff said.
“Gains are based on all triggered picks, assuming exit point at peak option value.”
Achieving those gains requires perfect hindsight looking backward from the option expiration dates to the option purchase dates.
Any site calculating gains based on highest possible price is SCAM. Plain and simple.
Please do your research if considering Steve Sarnoff’s Options Hotline! All the above comments are true, this is a SCAM. Most people, like myself, buy into the claims initially only to find that his picks rarely pan out as he advertises.
My guess is that Agora Financial makes money by people subscribing at $500 to $1,000 a pop, and then issues refunds weeks later as people find out that the service is worthless. In the meantime, they hold your money for weeks and make a profit by banking thousands of investors’ cash.
It’s been a couple of years since I tried Options Hotline… What I do remember is that I lost a good chuck of $$ AND that there was no exit strategy. At least most other services offer an exit strategy.
What I don’t understand is why Agora continues a service with such a poor rating… makes me wonder about the quality of the other Agora services….
My experience was similar to many of you. The advertising is deceptive and the results are no where near what’s depicted.
It’s an example of distorting results to promote your service. As some said earlier you probaply could have made more money doing the opposite of his recommendations.
I highly recommend using services like this to check out any company or service you are considering investing in.
I think it’s as close to being a con trick as one can get without being arrested. I wonder why Agora stick with him. Their involvement with this loser tarnishes their other products. I will not pay out money for any more of their services, ever!
I make consistent money with this advisory. I simply sell what he advises to buy and almost always make a tidy sum at the end of the option expiration. Saved me a bunch of times, because there were many times I was bearish and Steve was bearish too, so I backed off and sure enough Steve (and I) were wrong. he’s so bad in his recos that i can do the opposite and do well.
This nitwit ought to be shut down. Am I pissed because I got conned??? Hmmmm…………maybe just a little. They were pretty quick at cancelling my subscription, though. Guilty conscience perhaps?