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written by reader AMERICA’s BOLDEST FINANCIAL EXPERIMENT (Jeff Clark’s Latest Video / shopping trip)

By lobo14, September 17, 2020

Looking for intel on Jeff Clark’s latest options trading pitch video where he apparently takes you on a shopping spree using only his TD Ameritrade brokerage card and his smart phone with a “Option Chain” app on it. He uses the stocks of companies he’s about to shop at to seemingly generate money out of thin air using a “few clicks in 3 seconds” to make enough money to pay for his Uber ride via UBER, pay for his starbucks coffee via SBUX, buy lunch via Olive Garden options, and the big ending with a $2700 gain on a Nordstrom play to buy an expensive bracelet for his wife. A 5-hour fling all financed by his smart phone app during the car rides to the stores. Anybody know what the heck he is doing and what’s the catch?

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.

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Barrie
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Barrie
October 6, 2020 6:34 pm

He’s selling cash secured puts, knowing that if the stock price drops through his put strike, he will be forced to buy the stock.

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jetrbby80316
jetrbby80316
October 27, 2020 4:42 am
Reply to  lobo14

With cash-secured puts, Clarke is collecting a premium. But if the stock drops below the strike price by the expiration date, he is forced to buy the stock.

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Geff
Guest
Geff
October 29, 2020 11:56 am

This is not my first video sales pitch. If it goes on and on covering the same info then they want money. I don’t care about were he buys coffee and that his wife is getting a new gift. I’m sure she is very nice. However you have to put money $ into this account or bucket. That’s fine but I learned about coffee and bracelets and not how much these people had in there bucket. If John Smith made $1,234.00 in 4 hours that’s great if the bucket had $2,000.00 to start and not good if it has $2,000,000.00 to start. I’m still looking it over, might be great to have. Love reading your comments as it keeps me grounded!

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