Options trading service.
22 Comments on "Options-Intelligence"
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.
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 email@example.com.
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.
Garry, what are your profit targets? Are you scaling out of positions? What is your average gain per play on Special Plays?
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.
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.
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.
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.
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.
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.
For some of the reasons the previous reviews has outlined, I would not recommend this service for auto trading. My auto trade results using the core strategy were significantly different/worse than the results posted on the website. Gains were lower and/or they show a gain and I experienced a loss.