Options Advantage

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Tabano
Member

Hello Jim first of all, apologizes for my English (I am Spaniard). I am a 7 months old suscriber of Options Advantage and I recomend his work. I have followed his trades in paper trading – I am new in options – and the results have been good along this period. He is mainly an option seller. His favourite trades are vertical credits spreads (bear calls and bull puts, … and covered calls). and he looks for trades with a high probability of expiring OTM, mainly in ETFs and blue chips. He offers webinars to suscribers and send emails and… Read more »

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franey
Member
franey

I just started a trial to his service this weekend. He has a long come-on ad where he tells you he really knows what he’s doing with options w/o telling what that is. On my 1st look I saw that he keeps to a small number of etfs and some stocks for the verticals and has a better win rate with these than with a section dedicated to trading apple where he has been put the stock too many times for my taste. Part of his ad says he will give “adjustment points” to attempt to save trades that would… Read more »

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Desantos
Guest
Desantos

Do you recommend his service?

franey
Member
franey

In addition, if you go to wyattresearch.com and scroll down there are about 6 months worth of Andy Crowder’s public videos that anyone can sign up to view at the time they are held each month explaining his system in detail–what and how he trades, win rate and losers as he quantifies this for a high win rate– and giving sample trades as well as doing teaching on options topics in general. You get a detail-rich idea of what he is thinking, his approach for this service. He just did a Nov video that will hopefully be on the site… Read more »

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Mark
Guest
Mark

tabano and franey,
How’s your experience with Andy after a few months?

Sana
Guest
Sana

I would really like to hear some feedback on Andy Crowder as I am looking to sign up for a relaible Options traading trainer.

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only6greens
Irregular

Hi if your ok with 10% gains and the odd 20% gain along with the odd 50% loss then its ok. I like the initial training and his videos but the push push by Ian Wyatt on the XXX% gains is nonsense. They give an example of how to tun 10000 into 100000 and I can tell you this is not possible with-ought a 10 year window. they add all their deal percentages up ie win 10 trades with x 10% profit and they suggest that is 100% gain. Personally I count this as a 10% gain. Both with Andy… Read more »

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Gary
Guest

Andy seems to be quite capable , but Wyatt’s persistent hard-sell efforts to sign people up is a bit nerve wracking . Each time , he tries to recruit people he claims there are just a few spots left for new members to join in the next 20 minutes or so . But , then a few days later they are trying to sign up even more people ! How many clients can Andy service or advise properly ? And …… are there THAT many BUYERS out there for all of his clients to SELL Options to ??? I would… Read more »

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Sam
Guest
Sam

Having been a subscriber to Option Advantage service as well as a fan of stock gumshoe, here is my review for what it is worth: 2015 was an incredible year for Crowder’s subscriber’s with – I recall – one loss and over 20 gains. With an average gain in the region 12%-13%, that is huge. 2016 is a totally different ‘kettle of fish’ and the market whipsaw is laying waste to his system of using overbought/oversold indicators to fade the the trend. No doubt position sizing helps mitigate the losses but consecutive losses doesn’t help. Also, he seems rushed in… Read more »

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Jazz
Guest
Jazz

I will echo the sentiment that 2016 has not been a good year for this service (although I believe that may be the case with many services as the market kept whipsawing in 2016). Although Andy seems to be knowing what he is doing and I have definately learned a thing or two from him, I believe his results can never be “above average” in the long term. He tricks you into thinking that these are very safe trades with each one of his individual trade having a probability of success of greater than 85%. Here is an explanation of… Read more »

Sam
Guest
Sam

As a follow through to what Jazz so eloquently pointed out, part of Crowder’s system relies on the ability for a vertical spread trade not being “too wrong”. One can even be partially wrong with the direction however, YTD, too many of the trades have gone very wrong and some of them almost immediately upon entering. Crowder does not believe in adjustments (he has legitimate reasons) so trades tend to go to max loss. There are ways to mitigate vertical spread damage but these are not discussed here. For me, a ‘strategy’ which has proven to be less risky in… Read more »

John Mardinly
Guest
John Mardinly

Andy is an excellent teacher, but I am still waiting for the video on how to set up Think or Swim, without which it is difficult to use his method. Yes, Ian is always doing the hard sell on subscribing to his service. This makes me wonder-if his method is so successful, why is he still going to the office and working this instead of just relaxing at home and making enough to thrive?

George
Guest

Wow, good stuff re Crowder . Now , are there any opinions on Stephen Mauzy and his Dividend Confidential service and also Ian Wyatt ??

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Fader T
Guest

here is a link to an article by Ash PsychonoMystic that will shed some light on ANDY CROWDER
http://tradersutra.blogspot.com/2016/10/why-credit-spreads-are-stupid-idea-if_5.html#links

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John Petrilla
Guest
John Petrilla

Andy Crowder will get your portfolio wiped out if you are not careful.

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John Petrilla
Guest
John Petrilla

I was a subscriber and I must say that you must not trust these guys. He will show you like 11 profitable trades in a row. In webinars, he will show you safe trades. But you would then subscribe for $800 which is only refundable within first 30 days and that is not sufficient to verify the worthiness of the scheme. If you trust him and start taking his trades blindly, at one point you will get all your trades wiped out 100%. After Brexit, he started sending trade alerts when the indicators had not fully reached appropriate thresholds. I… Read more »

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John Petrilla
Guest
John Petrilla

I was a subscriber and I must say that you must not trust these guys. He will show you like 11 profitable trades in a row. In webinars, he will show you safe trades. But you would then subscribe for $800 which is only refundable within first 30 days and that is not sufficient to verify the worthiness of the scheme. If you trust him and start taking his trades blindly, at one point you will get all your trades wiped out 100%. After Brexit, he started sending trade alerts when the indicators had not fully reached appropriate thresholds. I… Read more »

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billybob67
Member
billybob67

Thanks all for the discussion and warnings, I probably will pass on paying any $ for the service at least for now. John mentioned $800, I doubt I would pay anything like that unless people were saying they had great and consistent success with his advice. But I would like to get more info on one thing: If there is a really high % of losers over time, I can see how I could lose a lot of money. But even without using stop loss, how coud you use a lot on one trade? Of course, you can lose several… Read more »

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Steve793
Guest
Steve793

The credit spread style Andy Crowder follows usually has $2 spread; eg, IWM 130/132 credit call spread for which he would get say around $300 for 10 contracts with a risk of approximately $2k-$300=$1.7k. So loss is 6 times the profit. So if IWM stock at expiration is at $138 around expiration you have pretty much lost it all out. Now you have to have 6 continuous trade with full profits just to break even. And that is hard to do, if at all. If you blindly followed Andy Crowder’s sell and buy recommendations over 2016, you will find out… Read more »

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Richard Addison
Guest
Richard Addison

Steve793, I think you are being a little hard on Andy Crowder. Although I absolutely and completely don’t know him and I got the invitations for High Yield Wealth and the Dividend Calendar, this was an idea I particularly liked, even if I can’t afford it. I don’t have your knowledge or experience either to be able to truly understand and follow completely what you have said vis a vis for example: “the credit spread style”, nor billybob67’s contribution of November 26th, 2016 8:49 pm paragraphs 2,3 and 4. I don’t know IWM either. But five questions I have for… Read more »

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Sam
Guest
Sam

Richard Addison, Steve793 and John Petrilla are speaking the truth and you of course may choose to argue with them; they have signed up to the service and you have not but go ahead and pontificate. I also lost a considerable amount of money and there is absolutley nothing one can gain from that service that one will not gain from YouTube. If the least Andy would do would be to NOT send out any trading alerts, that in itself would have been a very important lesson as it would have taught the subscribers to importance of patience and of… Read more »

Jwana
Guest
Jwana

You are correct on the 6 trades to break even Steve, but that assumes zero brokerage fees! My assessment is a bit different in that he tends to take winning trades off the table 1/2 the max gains, and losing trades he caps at a 2x loss, which still equates to 6 trades to break even.
I never lost so much so quickly on a service. I was able to get a refund, but that’s small compared to losses. Under the right market conditions it can work, but so can any other options strategy.

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Jwana
Guest
Jwana

I do not advocate joining this service. I joined for a short time in 2017 and lost way more than expected. It’s advertised a safer as you’re making upfront with credit spreads, but when the market has momentum as it does now, you lose. On winning spreads, Andy has you taking money off earlier than expiration, which, based on a number of trades, equates to about 1/2 of your investment. On losing trades, Andy wont take them off the table until the spread ratio is 3x, meaning you’ll lose twice as much of what you might have pocketed. Bottom line… Read more »

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Scott
Guest
Scott

As bad as Jim Fink!!!!!!

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Tom McGuire
Guest
Tom McGuire

Following Crowder’s advice from late 2016 until the Spring of 2017 in Option Advantage, I saw my Roth IRA go from over $37,000 to less than $7,000. Doing Vertical Spreads and Iron Condors (IC), he had several failures, including two max losses. In the Spring he entered an Iron Condor on Netflix just days before earnings started. The market screamed higher when earnings for the Market, overall, was better than expected. The only thing dumber than entering in to Verticals or ICs on the eve of earnings season is to follow the advice…which I did, and again lost. Here’s the… Read more »

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Simon
Guest
Simon

I was looking into this service because I feel like I am in need of another options adviser, mainly I have spent the last 3 years using various product from Money Map Press, currently I am about at the end of the Weekly Cash Clock subscription a weekly options product. To date everything from this company has failed to preform as indicated and the arrogance they show in taunting you into their next product is amazing given how poorly they have preformed. I kept very good records of the past year of Weekly Cash Clock and over 90% of his… Read more »

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Craig Ng
Guest
Craig Ng

i too did not make anyting from the weekly cash clock…
lmk if this works or if you find something else…. thanks! and good lck!

James
Guest
James

Simon thank you for your comments. You have echoed my sentiments exactly on the MoneyMapPress options service. I have asked them for portfolio value at the beginning of the year and value at the end of the year and nobody has ever dared to give me an answer, not even Tom. In the end, after spending tons, I have concluded that nobody and this means absolutely nobody has the answer that will make you profitable. You will absolutely loose whatever you have spent on the service; this will be your first loss with many more to come from using the… Read more »

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sunshine on the water
Irregular
sunshine on the water

I’m so upset I did not think to check for Gummy comments before I started with Andy’s Options Advantage! STAY AWAY AND SAVE YOUR MONEY!!!! Everything others have posted (find plenty from 2106) about being forced to just take max losses 3X the premium or max amount could profit, then needing 6+ winning trades to just break even is all true. I lost $3700 plus paid them $1500 for their subscription which was an upsell from $1k I paid for Dogs of the Dow service. They did not explain that in order to participate in the Dogs trades you have… Read more »

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Mark
Guest
Mark

Just another internet charlatan. None of these guys have the cojones to put their money where there mouth is. Easy solution. Offer customers E-sign contract forming partnership. Option Advantages funds working investment account for customer. Customer follows recommendations step- by- step and profits from trades are used to pay for subscription plus 20 percent. I don’t think we will hear anything from Andy Crowder, Ian Wyatt or Wyatt Research. The biggest risk these guys take is messing around with peoples money.

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Kenneth Smith
Guest
Kenneth Smith

I have been a subscriber to Andy Crowder’s Options Advantage for coming up on 2 years. So far in 2018 (as of Sep 17th) I have 37 winning trades out of 47 for a win rate of 78.7% with an average return per trade of 6.2% and an average holding period of 19 days. I’d say that’s a pretty solid record. I’m happy with Andy Crowder’s results, I like his methodical trading method and his educational videos. I will be renewing my subscription when it comes due again next month.

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Janice
Guest
Janice

having spent too much for Wyatt research, I am disappointed that Ian promotes Andy’s program for yet more money when Ian’s pics have not done very well for me to date!

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