written by reader Oxford Club’s new “Closing Bell Profits” service by Marc Lichtenfeld

By 15fdt, March 5, 2020

Has anyone signed up or received any reviews of this service promoted by Marc Lichtenfeld of Oxford Club which focuses on 3:45 pm option trades on the VIX? It was supposedly launched last September and pitches algorithm selected VIX call or put trades at 3:45 pm for next day profits of 30 to 100+ percent gains and a 75% win record since September.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

guest

12345

This site uses Akismet to reduce spam. Learn how your comment data is processed.

4 Comments
Inline Feedbacks
View all comments
mwinesburg
Member
mwinesburg
March 17, 2020 10:45 am

I signed up for this service in January. I expected there to be trade recommendations not everyday but at least a couple times a week. Well, so far there have been only 5 trade alerts through March 17. Of these trades only 1 was a winner and, of course, I missed out on it. They guarantee 20 50% winners but don’t tell you have many losers you’ll have. I’ve only been in 2 trades and I played the options- one was a 46% loss and the other was 100%. It was 100% because by the time I got the sell alert I was at an 85% loss. At that point I was willing to risk the rest in hopes of a reversal. Not living up to the hype so far!!!

👍 9
Dee
Guest
Dee
March 21, 2020 4:06 pm
Reply to  mwinesburg

I called their customer service line to get some additional information because their promo seemed very interesting. After 10 minutes on hold and being told I was the next in line, I gave up and hung up. Called another day and got someone on the phone and asked….The service claims a 75% win rate…OK…then what is the average loss in percentage terms on the remaining 25%. On that they had no answer and told me to email that request to their service line. Did that and now 2 weeks later I haven’t received a reply. This Closing Bell Profits may be a good one …don’t know…but…when you start out with an organization and they appear to have no interest in your potential business….well that’s a flashing red light

Hannibal Smith
Member
Hannibal Smith
March 21, 2020 4:48 pm

Short 09/30 -4.92%
Short 10/31 +6.96%
Short 11/07 +5.18%
Short 11/22 +3.81%
Short 12/02 +8.65%
Short 12/31 +8.85%
Long 01/31 -4.12%
Short 02/05 +1.25%
Short 02/18 +3.034%
Short 02/21 -61.33%
Long 03/05 +5.86%

I was afraid of this. Picking up pennies in front of a steam-roller. Further confirmation is it won’t trade the current volatile market because it is not designed to. Might as well just sell put or call options, same net effect in the end and not a waste of what the VIX offers.

👍 90
Rictard Burns
Member
Rictard Burns
August 21, 2020 10:10 am

I subscribed to Closing Bell Profits in early February for $2,500. The performance of this service has been pathetic to say the least. Here are the trade results from mid-February to date (August 21, 2020) using closing prices since the system is to place the trade in the last 15 minutes of the trading day:

2/18/2020 SELL VXX Close $13.76
2/19/2020 BUY to Cover VXX Close $13.56
RESULT – WIN 1.45%

2/21/2020 SELL VXX Close $14.90
2/26/2020 BUY to Cover VXX Close $18.93
RESULT – LOSS 27.05%

3/5/2020 BUY VXX Close $26.68
3/6/2020 SELL VXX Close $29.82
RESULT – WIN 11.77%

3/27/2020 BUY VXX Close $49.66
3/30/2020 SELL VXX Close $49.28
RESULT – LOSS 0.77%

4/1/2020 BUY VXX Close $50.51
4/2/2020 SELL VXX Close $47.90
RESULT – LOSS 5.77%

4/8/2020 BUY VXX Close $42.54
4/9/2020 SELL VXX Close $41.85
RESULT – LOSS 1.62%

4/16/2020 BUY VXX Close $40.89
4/17/2020 SELL VXX Close $38.94
RESULT – LOSS 4.77%

4/20/2020 SELL VXX Close $42.84
4/22/2020 BUY VXX Close $44.19
RESULT – LOSS 3.15%

4/30/2020 SELL VXX Close $37.89
5/1/2020 BUY VXX Close $41.19
RESULT – LOSS 8.71%

5/15/2020 SELL VXX Close $36.60
5/18/2020 BUY VXX Close $34.24
RESULT – WIN 6.45%

5/29/2020 SELL VXX Close $33.13
6/1/2020 BUY VXX Close $33.42
RESULT – LOSS 0.88%

6/16/2020 SELL VXX Close $36.87
6/17/2020 BUY VXX Close $36.98
RESULT – LOSS 0.30%

6/24/2020 SELL VXX Close $36.72
6/25/2020 BUY VXX Close $35.39
RESULT – WIN 3.62%

6/30/2020 SELL VXX Close $33.95
7/1/2020 BUY VXX Close $32.89
RESULT – WIN 3.12%

7/31/2020 SELL VXX Close $28.52
8/3/2020 BUY VXX Close $28.46
RESULT – WIN 0.21%

8/12/2020 SELL VXX Close $25.53
8/13/2020 BUY VXX Close $25.51
RESULT – LOSS 0.08%

8/18/2020 SELL VXX Close $24.33
8/19/2020 BUY VXX Close $24.77
RESULT – LOSS 1.81%

WINS: 7
LOSSES: 10
AVERAGE WIN: $1.17 / share
AVERAGE LOSS: $1.52 / share
Keep in mind that trading the recommended options will normally magnify the loss (or turn what would have been a small win into a medium size loss).

We use cookies on this site to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies.

More Info