Options for Income

Overall Rating

Rating: 3.2/5. From 72 votes.
Please wait...
3.0
Rating from 333 votes
If you’ve subscribed to Options for Income, please click the stars below to indicate your rating for this newsletter, and please share any other feedback about your experience using the comment box below.

Investment Performance

Rating from 114 votes
Rating: 3.3/5. From 114 votes.
Please wait...
Your vote
  • 5 Stars 34 Votes
  • 4 Stars 25 Votes
  • 3 Stars 14 Votes
  • 2 Stars 18 Votes
  • 1 Stars 23 Votes

Quality Of Writing/Analysis

Rating from 70 votes
Rating: 3.7/5. From 70 votes.
Please wait...
Your vote
  • 5 Stars 31 Votes
  • 4 Stars 16 Votes
  • 3 Stars 7 Votes
  • 2 Stars 5 Votes
  • 1 Stars 11 Votes

Value For Price

Rating from 77 votes
Rating: 3.5/5. From 77 votes.
Please wait...
Your vote
  • 5 Stars 31 Votes
  • 4 Stars 13 Votes
  • 3 Stars 8 Votes
  • 2 Stars 11 Votes
  • 1 Stars 14 Votes

Customer Service

Rating from 72 votes
Rating: 3.2/5. From 72 votes.
Please wait...
Your vote
  • 5 Stars 23 Votes
  • 4 Stars 10 Votes
  • 3 Stars 12 Votes
  • 2 Stars 10 Votes
  • 1 Stars 17 Votes

199
Share your thoughts...

avatar
58 Comment threads
141 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
143 Comment authors
Claude CharleboisLynJerryNateWilliam Recent comment authors

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

rwnomad
Member
👍16
rwnomad

I have examined the Jim Fink strategy and can assure you it is not sound. He sells 25-40 delta put credit spreads at 30-90 days til expiration. This creates a portfolio of all long directional plays and huge negative delta. This will work in a bull market until it doesn’t. He advises holding till expiration, which is a bad idea in itself due to gamma risk, and something most pros advise against. Your potential losses are much higher than gains, like 2-3 times. Eventually at some unknown point in time there will be a big to huge down move. At… Read more »

Add a Topic
3191
rwnomad
Guest
rwnomad

Excuse me, in the above post I made a mistake in typing. The positions are large in negative VEGA, but positive in delta. The strategy will work well until a big down move happens, then it will suffer a huge drawdown. Max loss is way over 50% on each trade.

Fred Page
Guest
Fred Page

I read somewhere about selling puts and hedging with a straddle that limits the downside risk. However I lost the link to the advisory service that is promoting this strategy. Have you any insights on how or where I could learn more about it?

Add a Topic
6067
Mark Hoffman
Guest
Mark Hoffman

I’ve not used Jim’s service, but I am an experienced options trader and since I was bored tonight, I watched his video. It’s pretty obvious his strategy is selling puts and rolling them if they go ITM. That’s perfectly fine if you are willing to tie up large amounts of capital and take some pretty large risk, which you need to, in order to get the returns he is talking about. In the video, he uses selling puts on MS as an example, but did you notice he talked about selling 10 contracts? Now, MSFT has been up quite a… Read more »

Add a Topic
570
Add a Topic
5971
Add a Topic
570
Dan
Guest
Dan

That’s why it’s called speculation and those who dabble in stock equities are called speculators-whether they purchase stock outright or play with options. Yes, the market will turn–it has in the past and will in the future. Those investors who bought heavily into bitcoins learnt the hard way how the market operates when down swings occur. Mnay were wiped out financially. What these services do, such as Options-for-income, is to sell advice on how to invest. Tie up huge amount of capital in the hopes of receiving a marginal return. Of course, the trade could (and will) go the other… Read more »

Add a Topic
5971
Add a Topic
5971
Add a Topic
570
Rob
Guest
Rob

I’m sure you all know about placing stop losses on your positions, or at least alerts to let you know when price is approaching your strike price. I usually exit my trades way before expiration, especially if the stock moves in your favor quickly at the beginning, thereby boosting my returns (less time in the trade, and of course less premium too, but also avoid any issues with possible assignment).

Add a Topic
5971
EFtrader
Irregular
👍71

Me and a small group of like-minded individuals have come together to form the “Dream Team” group where we all share each other’s pricey premium subscriptions. We also have discussions about trade picks and share ideas as well. Now we literally have access to every single premium subscriptions from Banyan Hill publishing (yes everything, even Paul Mampilly’s $10 Million Dollar Portfolio subscription service)! Currently, we are looking for other premium subscriptions from other publishing companies such as Agora Financial, Investingdaily, etc. If you have a premium subscription service outside of Banyan Hill and would like to join our group, feel… Read more »

Add a Topic
5563
Add a Topic
6137
Add a Topic
5563
george
Guest
george

Do you have Jim option suggestions. I signed up for two years. It looks good how do we proceed?
George@GeorgeKeen.com

capsix
Member
👍19
capsix

Hey EFTrader… no need for 10 Million dollar portfolio anymore?

Janis
Guest
Janis

I just listened to his Velocity Trader spiel and it was annoying because it starts out “just a few minutes more” and goes on and one and one promising to give infomation about the method but finally giving only the offer to tell you if you buy into it. Grrr! I guess most will start drooling for those $18,567 profits a month or whatever figure and buy into it. But question: if he’s doing puts in a bear market, wouldn’t he reverse the strategy to profit more as it goes down more? It’s just the reverals that create losses then,… Read more »

Add a Topic
1357
Add a Topic
5893
fiction
Member
👍0
fiction

I strongly agree with Janis.which by now I should know there’s always a catch.

Nate
Guest
Nate

I was a member for over 2yrs and just resigned my subscription . For the last quarter of 2018 the recommended rolls cleaned out my cash reserves. My gains were averaging 24% until then, and in 3 months it all went away and then some. Jim did not see the October slide coming and made no defensive recs during that time. In simple terms I’ve lost money at the end of 26 months. Why would I recommend this service?

Lyn
Guest

Did he give you a refund.? , he promisies a refund ~

Add a Topic
6483
Add a Topic
6483
Add a Topic
6483
Jerry
Guest
Jerry

First and Foremost, Option for Income cost me almost all I had (95K) in just 3/4 months. I was up for 2018 and all went away starting in Oct. after having to roll every position which mean’s significant loses! As a result, I have no more cash to participate in many New Positions as a result. Their answer, all of a sudden, was to raise your reserve per trade. To late! Second, I never made close to what the Marketing suggested (67k a year). I started slow and then went to 5 positions so that would suggest 33.5K a year.… Read more »

Add a Topic
996
Add a Topic
108
Claude Charlebois
Guest

Mr.Finch’s strategy pretty well wiped out my 25K margin account. I am a novice trader and followed the advice blindly. The 2 factors that are NOT plainly outlined in the strategy are that you are risking up to 10 times the possible ROI when rolling the failed trades and secondly, you should allow a 5K to 10K margin for every trade you get into which means a 25K account should never trade more than 3 to 5 of these trades at one time. I was doing pretty well with the strategy until the flash crash of last December. That’s when… Read more »