Options-Intelligence

Leave a Reply

21 Comments on "Options-Intelligence"

avatar

Sonny
Guest
0
Sonny
February 8, 2010 2:45 am
Options Intelligence http://www.options-intelligence.com/ I have been coming across stock gumshoe for a while now, it has saved me tons of money. The reviews of different newsletters are great, although I wish there were more reviews of options newsletters. Today i am writing a review (my first review of anything ever!) of a website that I started to subscribe to in the middle of the 4th quarter last year. Im not really sure how to structure this review, but after reading a bunch over the months on this site, il try by best to cover all the main points. Before I… Read more »
Kim
Guest
0
Kim
May 7, 2010 11:39 am
I subscribed to the Special Plays for 3 months. Dave is in this business since 1999 and he knows what he is doing. His picks are usually pretty good and can make you money. The biggest problem of this service is lack of exit alerts and extremely misleading performance reporting. As we all know, the exit is 80% of the trading success. As the previous reviewer mentioned, the performance numbers are based on the high the pick reached during the play time. Dave has some guidelines for exiting the trades: 25% initial stop loss and 15% trailing stop once the… Read more »
Kim
Guest
0
Kim
June 9, 2010 12:51 pm
Update: Dave sent the following email today: “Got tons of email this morning… Those that say they have “lost tons of money this month” were not playing my calls correctly. All gave returns over 20% except one at 18%. Come on. If you cannot book profits when they are there you are in the wrong game. That is free money. The market is very difficult right now. Take what you can get, when you can get it. Sorry don’t mean to be comin down on people but you do have to think for yourself just a little bit.” So now… Read more »
Brenda
Guest
0
Brenda
July 5, 2010 5:16 pm
Kim is completely correct. The results shown on the site are very irrational, according to the advice given. For example: last time I looked gs had a profit and it actually was stopped out at 50% loss (you could NOT buy it at the price mentioned and you are “supposed” to save out some money to buy more on Monday…the original buys on core are Friday…but after having done that the stock and option have only gone down.) Several of the excellent plays with over 100% profit would be purely guesswork to know to keep them that long. I was… Read more »
Tom
Guest
0
Tom
July 13, 2010 12:54 pm

I have not subscribed to it, but is is autotraded at Tradewallstreet.com.
My broker has emailed me the autotrade results since they started May 5. From May 5, to June 25th, there have been 16 trades (I beleive both core and special). The average gain per trade is 12.3%. Highest gain 60.8%, largest loss 14%.
If that holds through July, I am going to try it.

Kim
Guest
0
Kim
July 27, 2010 11:20 am

Tom, have you tried it?
I must say that the results are actually pretty good. The fact that he doesn’t give the exit instructions might be actually an advantage. It makes you think and learn. You cannot rely on someone else all your life.
If anyone has any additional feedback about this service, please email me at ak100467@yahoo.com.

Garry
Guest
0
Garry
September 3, 2010 11:18 am

I have been with Dave for about 3 years and am quite pleased. Yes, you do have to watch the markets and think for yourself (although Dave will always be there to answer your questions-great customer service). Be realistic with your profit targets. In my opinion, this is one of the best option services.

Kim
Guest
0
Kim
September 7, 2010 9:14 am

Garry, what are your profit targets? Are you scaling out of positions? What is your average gain per play on Special Plays?

Sonny
Guest
0
Sonny
September 11, 2010 1:08 am
Its evident from my initial review how I feel about Dave and his service. after over a year of searching for a decent newsletter that can help me make quality trades on my portfolio, this is the absolute best financial newsletter you can find on the internet. Kim joined it when i recommended it to him in February, it took some time and after over 7 months im sure he agrees that there isnt a better directional options trader, who publishes a newsletter, on the internet. He does not give exit alerts, but you can make consistent returns via limit… Read more »
Dave Drabik
Guest
0
October 5, 2010 1:06 pm

I appreciate all the customer reviews. It has always been my goal to make each of my customers better, more consitent winning traders. With 90% of all option traders losing money it is important to make sure the options are moving in your favor when we pull the trigger. We may not give out the most trades but we do give out what I believe to be the best consitent winning trades anywhere.

Kim
Guest
0
Kim
October 7, 2010 7:23 pm

After being with Dave for about 8 months, I can confirm that this is the only options service that made me money consistently. The secret is to manage the exits. You will never get the results published on the performance page (since they are based on the pick of the option) but Special Plays should be able to produce about 15% return per play. With 8-10 plays per month, you can do the math.

Bottom line: highly recommended.

Kim
ak100467@yahoo.com

Ja
Guest
0
Ja
October 19, 2010 4:40 pm
Ok, good picks GENERALLy, BUT>>>as we ALL KNOW, the exit calls are KEY…DAVE RARELY GIVEs exit calls on the Special Plays..and NEVER on Core Calls. You get sucked into staying on for the Special Play calls, since no exits called then you are in one where the last 5 went 100% or more then you are in the next and get in the DOWNDRAFT..you are screwed. So ya, easy to look “good” when you hever call exits..so you can claim the max % move when realistically you have 10% chance of getting it..and your PORT gets a HUGE HIT>>so this… Read more »
Kim
Guest
0
Kim
October 22, 2010 2:33 pm

Ja,

Obviously you won’t achieve the numbers shown on the performance page. However, autotrading implements a simple exit strategy: 25% initial stop loss and 15% trailing stop once the option reaches 15%. Using this strategy, the results are pretty good. Based on 44 plays, the average return per play is 18.6%.

If someone started with 100k and allocated 10% per play (risking 2.5% of the account), he would have now 217k. That’s 117% return on the total account in 5 months while risking just 2.5% at any given time. Pretty amazing I would say.

Keith
Guest
0
Keith
November 7, 2010 10:47 am
I subscribed to this service earlier this year for 3 months and paid $400. I followed the recommendations but did not actually make any trades. I was very frustrated by the discrepancy between the real-time performance of many of the trades and the results Dave posted on his website. the performance figures actually posted on the website can only be described as fantasy land. And yet, it does appear that over time it’s possible to make some money with this service. The hangup I have is a question of Dave’s integrity in using such a grossly misleading way to represent… Read more »
Gary
Guest
0
Gary
December 5, 2010 2:27 pm
The Reviewers who complain that the stated returns are fantasyland and unattainable simply do not understand how these returns are used to make real-world trading decisions with this system. That was the case with Kim, who has since had a change of heart. I think Dave’s mistake is semantic in that he lists these projected returns under “Performance,” and on most sites that would imply returns that were at least theoretically achievable. Dave’s picks are largely based on the historical performance of options under certain conditions. That’s the basis of the CORE picks: he buys calls only (not puts) during… Read more »
Tom
Guest
0
Tom
March 24, 2011 5:01 pm

I have autotraded this at Trade Wall Street since 8-5-10.
I just do the special, not the core. There have been 85 trades. The average return per trade is 5% before commissions.
However the average was 22.4% on 10-11-10. So the first few months were great, and it has been downhill (over all losses)since then. I am still up a little, but I am considering dropping.

Michael
Guest
0
Michael
May 11, 2011 9:17 pm
I agree with the semantic comment, maybe instead of “Performance” it should be labled “Maximum Possibility”. I belong or have subscribed to 4 newsletters of which Options-Intelligence is one of them. What I have found is all of them that publish their results use the same method of rating their performance, they all show what the maximum gain possible might be if entered and exited at the ultimate price points. Dave explains this on his web site, the user needs to look at and understand that even though it might be possible, it is most certainly not probable. I joined… Read more »
Original
Guest
0
Original
May 20, 2011 9:31 am

This service employs 2 strategies, special play and core. I have subscribed to core strategy for the past 12 months, the results were quite good during the first few months, since then, winners have become losers. March, April and May were horrible months. My account has lost about 30% with his recommendations. Instead of buying puts he suggested buying calls. I believe his strategy works well in a strong uptrend market but not during a correction or downtrend market. Its not worth $300.00 every quarter. I have lost more money then what I have made.

Art
Guest
0
Art
June 18, 2011 10:49 am

I agree with Michael comments, indeed he does provide excellent customer services. He always answers all my questions. He does pick loosing trades and acknowledges when the trade goes wrong. He does warn you, when the odds are against you. For example, March, April, May and June were difficult months to trade. Overall, I do enjoy his service. I have been with OI for the past six months. His strategy works well when the world markets are in synch with each other.

Tom P
Guest
0
Tom P
July 1, 2011 9:59 am
Dave Drabik is not a miracle worker. He makes informed plays based on his considerable experience and experience. NO ONE CAN BE RIGHT ALL OF THE TIME. Everyone who trades options needs to realize that you are not going to win all of the time. End of story. As for Dave himself, the man truly cares about his clients. In fact, he has personally called me to discuss problems i was having with trading. I will never leave this service as long as Dave runs it. The man shows a lot of integrity.
Greg C
Guest
0
Greg C
June 28, 2016 9:59 pm
I don’t have good results to report from this service. – special plays package. All it does for me is churn broker fees and erode account. Have tried it for some months now, and I’m out the subscription fee and several thousand from my account. O-I reports results on their website that in no way mirror the actual results you get from the autotrade service. The losses seems spot on, but the gains do NOT represent the reality. They show 300% return, I was lucky to see 40%, for example. This is not an anomaly. I ran the past 30… Read more »
wpDiscuz