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Jay
Guest
Jay
May 21, 2011 10:41 am

I just subscribed to Jim Fink’s OPTION FOR INCOME trading service of KCI Investing. It’s for every level of option trader, beginner to advance. He recommends 4-6 trades every month, whenever he identifies a high-probability play where the odds heavily favor success. His website includes educational videos and articles, performance tracking and other resource tools needed to become a successful options trader.

His website is clear on his recommendations. He tells you exactly the information you need to input if you are an online trader and the exact words to say if you are trading with a broker.

Jim is well knowledgeable and responsive to clients comments and questions. He publishes the client questions and his answers on his website. Another excellent learning tool.

This service only started end of April 2011. The 5 stars on performance is not on the performance of his picks but on the excellent research reports that lead to his picks. The earliest of his picks will not expire until July 2011.

Anyone interested in serious trading option, this is one of the best specially for a beginner. I paid $995 for one year. I can cancel within three months, but so far, I see no reason to cancel my subscription. One can easily see if a service is worth it in the first few days. My recommendation is to check this out.

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gumshoe4d
gumshoe4d
August 16, 2016 11:05 pm
Reply to  Jay

I am considering joining Jim Fink’s service. I never use Option Trade. How does this work? Correct me if wrong:
1. I can use my current online trading company.?
2. I don’t need to have a separate account besides my current trading account.??
3. Follow Jim Fink’s instruction to input data (idcluding stock symbol, PUT, CALL, expiration date) on the online trade.???
4. How much for each trade? Any minimal and maximal?
5. What fees are involved.
6. Profit or loss will be updated in my current trade listing???
7. How many contracts/orders I can issue?

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Jason
Member
Jason
October 12, 2016 2:59 am
Reply to  Jay

Funny how all these genius investor gurus sell you their advice instead of using it exclusively! If you follow their actions, write your own course and sell it to fools like yourselves!

arries
arries
November 19, 2016 5:51 am
Reply to  Jason

Or genius, use it yourself and sell it. It’s called additional income.

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SmackDaddy
Guest
SmackDaddy
July 8, 2017 7:52 pm
Reply to  arries

lol@additional income. Always amusing how dumb people like arries can be. Do you even realize that the more people who use a certain type of system, the less chance it has to work? The market has to work that way to achieve balance. Ah well, live and learn.

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jperkins12
Member
jperkins12
February 26, 2017 1:12 pm
Reply to  Jason

Well said, Jason. Could not agree more. These guys make more from subscribers than doing their actual trading. If they made the kind of money he claims, they would not waste time with us.

Charlie
Guest
Charlie
July 17, 2017 8:08 pm
Reply to  jperkins12

I’d like to make a few comments that apply to various comments here, and keep in mind that I’m not an expert trader and I’m just trying to be helpful. I’m using your comment, J Perkins, as my springboard, because it best leads into what I want to add to the conversation, overall.
You agree with Jason, then counter him with the reason his idea is off-base, overall. “These guys make more from subscribers than doing their actual trading.” If you find a trade worth X to you, as a trade, and you can make 10X or 20X by selling your trade idea to a bunch of subscribers, which would you rather do? Then throw in that the trade has, say, an average 15% risk and the subscription has a near-zero risk. Then throw in that if you’re good at it, your subscription base grows over time, so you make more and more money with the same amount of work and less risk. If you agree with what I’ve just said, you’ll agree that your statement, “If they made the kind of money he claims, they would not waste time with us” is incorrect. Making X is always less attractive than making 10X, no matter the value of X.
Re: arries comment (which is otherwise a good one) I think newsletter authors generally avoid and make a pledge against using a trading idea themselves and also selling it to subscribers, because it causes a conflict of interest. They get “first dibbs” on the trade, which if their order is large enough and the stock trades thinly enough, their trade could negatively affect the value of the trade to their subscribers. SmackDaddy alluded to this in his comment, “Do you even realize that the more people who use a certain type of system, the less chance it has to work?” The market is like an auction, except that the supply of what is being “auctioned off” can increase or decrease on the fly, based upon supply and demand. When good/bad news for a stock gets spread, people rush in to buy/sell the stock and the price of the stock goes up/down. The more confident they are (in the aggregate) that the price will continue to go up/down, the higher/lower the price will go before peaking/bottoming out (which is probably the point of “balance” that SmackDaddy mentioned). As the number of confident/distressed people decreases and the number of sellers/buyers worried about the price going lower/higher increases, the price starts going down/up.
I agree with Christopher’s comment that “perhaps sometimes the simple answer is that greed isn’t the only motivator in the world.” If I were making megabucks on Wall Street as an investor and could make half that (or even less) while writing a newsletter from my home in the countryside somewhere, I’d jump at it.

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Silver Gates
Guest
January 10, 2018 3:39 am
Reply to  Charlie

Very good analysis. I also joined the newsletter and I seem to keep asking myself, why do it with pennies when I can ride the wagon carrying billions?
Making a profit when shares rise in value is, of course, par for the course; but Institutions construct strategies built to receive a positive return regardless of market direction, using complex option strategies, like the ones mentioned, to hedge risk…. So individual investors can essentially put their money to work – and profit without getting involved in the complexity and risks of essentially running your own hedge fund. If this possibility sounds too good to be true, I will explain why it isn’t.

Like selling bonds, big banks will raise money issuing notes. These structured notes deliver on this promise of returns in most, if not all, markets, in a number of different shapes and guises.

At its core a structured note involves a simple trade-off based on risk and return, which then translates into a series of options that are used to power the eventual payout. Complex under the hood, but simplified as to attract money from investors. European high net worth individuals have been utilizing these for years in replacement of bonds or complement to stocks.

Specifically: A note issued last month to retail investors at $1000 per share – you receive an annual coupon of 8%, paid quarterly, as long as the EuroStoxx index (or the Russell 200 index depending on which note you choose) does not go down more than 30%. So you have a 30% buffer on the market, to make 8. If the market is down more than 30, you just do not get paid a coupon for that quarter. If it is above the threshold next quarter, you get your coupon (of 2% in this example). These notes are 5 year pieces of paper. The issuer, like JPMorgan or UBS or HSBC, will provide you with 8% income, as long as the index is not down 30%, paid quarterly, and principle protection like a bond. At the end of the 5 years, if not called sooner, you get your principle back. What’s the catch? This is too good to be true! It’s not. The banks are making 12 or 13 percent, you get 8. But 8 is good enough for most people. And if the options strategy is not paying off for them because the index is down below the threshold you just don’t get your coupon for that quarter.
So if you could make historical equity like returns, with a 3o% downside buffer, and allow yourself to sleep at night, I think most people would want to learn more. This is not for everyone, but if 8% is satisfactory given the environment today, shoot us an email and we will provide you with information. Simple as that. maybach@secmail.pro.
Complex = stressful.
In today’s environment, we have found that people are looking for a comfortable way to make a satisfactory return.

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Abraham Akinwale
Guest
Abraham Akinwale
June 22, 2017 1:44 am
Reply to  Jason

Hi Jason, I just want to start trading, quite a novice, please put me through on how to go about it. you can contact my email: abramoloy@rocketmail.com

Christopher
Guest
Christopher
July 4, 2017 12:15 pm
Reply to  Jason

Jason, perhaps sometimes the simple answer is that greed isn’t the only motivator in the world.

Eric
Guest
Eric
July 8, 2017 5:39 pm
Reply to  Jay

It’s now 6 years later, do you still feel the same? Is the system worth the money?

Jeb
Guest
Jeb
September 4, 2017 10:08 am
Reply to  Eric

@ Eric. It’s obvious that nobody in the discussion above can adequately answer your question since none of them have: 1) bought the system 2) implemented trade strategies 3) or tracked results. It’s clear that all comments are biased opinions without having evaluated Mr Fink’s services. I’m not saying that their comments are wrong… only addressing your question that none can adequately answer your question based on actual EXPERIENCE, only their personal “gut” feeling.

frank_n_steyn
Irregular
May 20, 2018 7:55 pm
Reply to  Jay

Jay sounds like a paid shill.

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Mike
Guest
August 28, 2012 3:12 pm

Jim Fink’s service has been great. He is always available to answer your questions, great educational content, I started with $150K in an options account two months ago and now, following his weekly options plays, the account is approaching $200K. Some of that is due to LEAPs in his Growth Portfolio, but most is due to monthly put spreads sold for $1-$2 per net credit. It begins to add up, most of his plays are fairly conservative. I would recommend his service highly based on my experience so far. Of course the market has been kind to put sellers this summer and things could turn on a dime, but he also recommends hedge plays to soften potential blows from a more volatile market.

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gFous
Guest
October 1, 2016 5:18 am
Reply to  Mike

Mike, how have you done long term?

Joseph Tse
Guest
Joseph Tse
April 24, 2018 12:27 pm
Reply to  gFous

I’m very curious too. Anyone here have a 5-year track record? Ha. They probably all shut up after after their first blowout/10% correction in the markets. See what happened with SVXY and XIV as predicted. Nasem Taleb is right about the unknown unknowns being underpriced in the market and lurking. You can make money for 5 years straight selling premium/Vol, and then, within 1 month, lose everything.

jvsaputo7
jvsaputo7
May 8, 2018 6:25 pm
Reply to  Joseph Tse

Ye, you can lose everything but if you are a conservative investor using your illustration above you wouldn’t put all of your account into one play and if you did and lost it oh well, you were very foolish and I don’t think this is what Mr Fink teaches at all. Giving false testimony [not you necessarily but those loose lips above are…] against a person is wrong and yes it is a sin…so if you don’t know I think all of us should withhold judgment. Some people will do very well others won’t but one factor is the person taking the advice and how they use it. You can be sure it will vary with each person.

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irwin r
Member
March 28, 2017 9:33 pm
Reply to  Mike

I have traded sold covered calls but how does one get an account where you can-sell puts tht are not protected???? what are the risks associated with them? for 39 even paper trading would be good to learn? thanks for any response
puts without any limits scares me! even if on buys puts belowthe ones yoou sell there are still some risks

Ethan
Guest
Ethan
March 29, 2017 5:02 pm
Reply to  irwin r

selling naked puts has the same risk/reward profile as selling covered calls -in theory if you are selling covered calls you should not be afraid of selling naked put AT ALL – if you don’t understand the underlining theory you have to learn, in practice selling naked puts requires less capital input hence better return, you can further reduce risk by selling a bull put spread but that will eat into your profit

Tim
Guest
Tim
September 13, 2017 6:54 am
Reply to  Ethan

Thats a ridiculous statement. There is a reason why you can sell a covered call in an IRA and not naked puts. Why one strategy requires level one options risk knowledge and one is a level 5 . Shame on you for saying that. You are making the deadly assumption that black swans are merely talking points on a television. One is an income strategy and one is a “hail Mary full of grace” strategy. I cannot believe you said they have the same risk profile. And how you throw in spreads to justify the argument. Those are apples and oranges.

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Dan Negrey
Dan Negrey
September 27, 2017 10:44 pm
Reply to  Tim

Thank you tim. IM GLAD YOUR ON POINT.

John
Guest
John
October 7, 2017 1:04 pm
Reply to  Tim

Just to clarify the real reason you cannot sell naked puts in an IRA is that you cannot add funds to an IRA if the trade goes against you and exceeds the amount of funds you have in the IRA. You cannot add funds to your IRA to cover your loss.

james b
Guest
james b
November 16, 2017 2:08 pm
Reply to  Tim

You can be naked and still have a profit with a black swan event if your second greeks are configured properly….of course you will have other spreads in that trade. Every one of my option trades are configured with a black swan event in mind…If it happens i will profit alot, if not i can usually close it with a small profit. However, I am always positioned for an upside move. So basically I am playing both sides everyday.

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Joseph Tse
Guest
Joseph Tse
April 24, 2018 12:30 pm
Reply to  james b

How is your track record? I’m looking for a 30 year strategy. With 50% CAGR and higher. So I can retire one day, starting with a $10,000 account. I may wait for the next recession and go all in on LEAPS, but that may be 3 years away.

Ron Swanson
Guest
Ron Swanson
December 9, 2017 12:43 pm
Reply to  Tim

You are incorrect sir. Naked puts have the same risk profile as writing a covered call. If you are long 1 covered write in stock xyz in a crash you are losing at a rate of 1.00 delta (after your short call premium cushion is exhausted) which is exactly the same as being short 1 put in stock xyz which would also be losing at a rate of 1.00 delta (after your short put premium cushion is exhausted) . Cash secured naked puts are also allowed in IRAs and don’t require level 4 options approval (there is no level 5). Perhaps before hastily calling someone ridiculous you should make sure you understand the subject matter.

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Alan Myers
Guest
Alan Myers
December 12, 2017 1:43 pm
Reply to  Tim

Actually, Ethan is correct. Selling a “naked” put and selling a covered call have exactly the same risk/reward profile. In fact, selling the put probably has less risk as you do not have to actually buy the stock first. In an IRA, you do have to have the cash available to purchase the underlying stock (i.e. the value of the strike x 100 shares) to sell what are officially known as ‘cash secured puts’ in an IRA.

Adding in the spread both reduces the risk and the amount of capital needed. Example… MSFT is trading around $85 per share. You sell a Jan $85 put and collect $1.46 per contract. If you were simply using cash secured puts in your account, you would need to have $8,500 in available cash or margin. If, at the same time you sell the Jan $85 put, you were to buy the Jan $80 put for $0.35 per contract, you have now done two things. You have protected yourself from a large loss and you have reduced the amount of cash/margin needed to the difference between the two strkes or $500 in total. How? Well, worse case scenario, MSFT goes to zero. You will be put the stock at $85 per share but you would turn around and sell your shares for $80 limiting your loss to the $500 difference. Most brokerages would only require you to put up the $500 in cash/margin – even in an IRA.

So, no… selling puts is not a “hail Mary….” strategy and adding in spreads is not mixing apples and oranges.

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Susan VL
Member
Susan VL
March 18, 2018 12:25 am
Reply to  Alan Myers

Thank you, Alan Myers

Ethan
Guest
Ethan
March 29, 2017 5:04 pm
Reply to  irwin r

see the comment below by newfool, he is taking about spreads …

james b
Guest
james b
November 16, 2017 2:01 pm
Reply to  irwin r

re read the statement, he said put spreads sell one put and buy another which has a downside protection.
plus if you do it right, you will close out the trade with a 50% profit. Trading options is definitely safer than buying stocks if you put the time in to learn the correct way to do it.

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ciro
Guest
April 5, 2017 8:45 am
Reply to  Mike

great job… i imagine that you can share your list order.. whitout your personal detail… could be a great advise for the service

Mark
Guest
Mark
May 25, 2017 4:09 pm
Reply to  Mike

My one complaint is that he does NOT answer questions. It seems that if your questiin is in any way doubting what he is doing he will delete the question from the board. He does.not even leave it there for.other members to answer. I find.options hard to understand, so it is fristrating to ask a question that would sincerly help me only to see it disappear.

Mike
Mike
May 26, 2018 9:18 am
Reply to  Mike

I am thinking of using his services. Is he legitimate or a scam?

breuningd321
breuningd321
May 14, 2013 8:54 pm

I agree completely with the previous reviews. Jim Fink is brilliant, extremely responsive and provides a great value. Really good for beginners.

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Diana
Diana
March 1, 2017 8:43 pm
Reply to  breuningd321

I got the impression that he is brilliant and stopped here to double check before subscribing to his news letter. I’ll post my experience shortly. To be continued. . .

Mike McLeod
Member
Mike McLeod
March 11, 2017 1:05 pm
Reply to  Diana

I am considering him, but I have been scammed so often I am afraid

Guest
Guest
Guest
March 28, 2017 6:02 am
Reply to  Mike McLeod

Definitely give it a try. I joined last August and have been very profitable. They do have a 60 day money back guarantee, so if you find it’s not a service for you, you get 100% of your money back. However, I highly doubt you will be asking for a refund. Personally, I will be a lifetime member!

Steve
Guest
Steve
August 20, 2017 2:21 pm
Reply to  Diana

hello Diane,
So how have you done?

newfool2002
Member
newfool2002
November 21, 2013 9:28 pm

I am only one month into this service, but I have tried 4 others, Excellent picks, conservative, If you chose Risk, he shows the naked put, otherwise to be safe use the spread. If I was in trouble, he will help, a Gem.

PS: Gumshoe reviews was the reason I found him and also found Spread the Trend, another keeper.

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Sakura
Guest
Sakura
August 20, 2016 5:01 pm
Reply to  newfool2002

Spreadthetrend has gone bankrupt and destroyed members accounts.

gentrybn
Member
gentrybn
July 1, 2014 10:37 pm

I liked this service, but the results are vastly overstated. Jim claims 70%+ returns in the past year, but that is using some fishy accounting of “reinvesting” due to the short time frames of the trades. My actual returns in one year of the service was 11% gain (return on risk) after commissions. That would normally be a decent result, except you realize the S&P was up over 30% in the same time frame.

Everything about the service is first rate. Very detailed and easy to follow recommendations which are easy to execute with very little time spent weekly. Jim answers questions quickly online. Most of the trades are selling put spreads 2-3 months out at strikes close to the money. Out of 82 trades there were 58 winners and 24 losers = 70.7% win rate. Again I use per trade numbers (ie, I count a roll as a new trade), whereas Jim looks at final result of all rolls. For example, if a trade rolls 3 times for loss and finally wins, I would call that 3 losing trades and 1 winning trade, whereas he would call that 1 winning trade.

Unfortunately, vastly under-performing the market was not enough to entice me to try a second year of the service, but its probably a great one for people new to options to learn about trading in a safer way.

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Bhushan Joshi
Guest
February 11, 2017 7:18 pm
Reply to  gentrybn

I completely agree with this review. I used service for more than a year. First 6-7 months were awesome bcos market was trending. Later market corrected so started getting losses. I didn’t understand how rolling would gain money. We were just increasing the spread so bigger risk. I quit the service. Whatever Jim is stating is very overstated.

Bob
Guest
Bob
November 20, 2017 10:44 pm
Reply to  Bhushan Joshi

Agree 100%. Jim Fink’s claims of 30% or higher returns is overstated. The system ignores any options trades that are losses and instead recommends ROLLING the stock options into the future until it is profitable. That’s why his “LATEST CLOSED POSITIONS” list always shows winners only. My results through 6 months with the service is 3.12%. Would love to see a detailed list of the trades some of his members are claiming that they get 30% or higher per year. I bet they don’t count initial trades that are then ROLLED. I wonder what their brokerage accounts really look like! Maybe they get their brokerage to ignore the bad trades until they sometime in the future become profitable HA HA.

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Santo
Guest
Santo
February 11, 2017 10:42 pm
Reply to  gentrybn

How many contracts per trade were you doing and what was the commission per trade ? 70% win rate seems quite decent but only 11% return which seems low ?

Egan
Guest
Egan
March 5, 2017 6:27 am
Reply to  Santo

Check out Tastyworks.com you’ll like it they just launch their own brokerage firm commissions $1.00 per contract that includes buy and sell. They also have a live show telling you what trades there doing their motto is trade small trade often

Bingo
Guest
Bingo
May 9, 2017 5:59 pm
Reply to  Egan

Of course they are going to say, trade small trade often…that’s how the brokerage house makes more money!

Richard Krug
Guest
Richard Krug
July 6, 2017 6:44 pm
Reply to  Bingo

I don’t use any service at all and trade very successfully using only credit spreads on the SPX. Trading small is good advice, but trading often is not. All good traders have had to find their own way to success. Experience is necessary. You also need to find a way to determine market direction. The Elliott wave theory is the best way to do this. Tony Caldaro is the best in the world at doing this and his blog is free. Just don’t read the comments section – you will get distracted by fools. Just read Tony’s end of day summary and weekend reviews.

Mark
Member
Mark
September 1, 2017 11:13 am
Reply to  Richard Krug

I looked at Tony Caldaro’s blog, but couldn’t find any introductory material to help a beginner learn about the Elliott wave theory and how to implement it in trading.

Jackson
Guest
January 10, 2018 3:02 am
Reply to  Richard Krug

I just couldn’t help myself. I literally just about choked when I read discovered what genius Richard laid out for us to marinate on: “You also need to find a way to determine the market direction.” Words don’t describe how ridiculous of a statement that is. Translated: “You also need to find a way to predict the future.” Yes, this would be helpful.
As one economist put it: “Predictions are extremely hard, especially when they involve the future.”
Sports analogy: A Baseball batter, standing 50 or so feet from the mound, must essentially predict the future, as they must start their swing before the ball leaves the pitchers’ hand. Even professionals who have seen hundreds of thousands of pitches, even professionals, the very best, are dead wrong 70% of the time.
Investors are not in the business of predicting the future. Find an advisor you can trust, do what you are good at (i.e. your jobs which make you money), construct an allocation of stocks and bonds that you are comfortable with, and habitually put money into the portfolio on a monthly basis. That is the near gauranteed way to success. Let compounding and the power of the markets work for you. Do not try to do the impossible – predict anything. Do not waste time timing the market, you have to be right twice. Stick to this advice and thank me later; it has made many people very wealthy. And the moment you think you can’t take it anymore, you can’t buy because you are too nervous, put double the amount in the portfolio for that period. The stock market is the only store in the mall where people avoid sales. “No thanks, I will come back when that sweater is more expensive.”
If you are in your 40’s or 50’s you have around 300 paychecks left until retirement. You need to construct a plan, save consistently into a portfolio, and trust it. If you need help feel free to reach out. I do this for a living and I am not a physician who walks by sick people without lending a helping hand. maybach@secmail.pro.

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Richard Krug
Guest
Richard Krug
July 6, 2017 7:01 pm
Reply to  Bingo

One other point. You don’t need to pay others to learn to trade options. Everything you need to know is available somewhere free on the internet. There are also very inexpensive options courses from Udemy.com. I would recommend a course by Jim Tompkins called Options Trading – How to Win With Weekly Options. I paid the full price of $115 but they frequently run discounts where all courses are offered for $13 or $15.

One thing I’ve noticed is that people who sign up for expensive courses lack self-motivation and are not self-starters. If they were they would have already read every book they could get their hands on about options. Some folks, however would rather pay thousands of dollars to someone else to “make” them successful. You will always be disappointed this way.

So get off your rear go find all the free and inexpensive information you can get your hands on. And please, please, keep it simple! The simplest strategies are the most powerful. Stick with credit spreads and iron condors (bear call credit spread and bull put credit spread at the same time), small position size, and trade only the SPX index for a long time until you start to get the hang of it. Don’t complicate your life trying to do credit spreads on individual stocks.

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Gary Douglas
Member
Gary Douglas
August 3, 2017 11:59 am
Reply to  Richard Krug

Both posts are an excellent and well-reasoned, even passionate, admonishment to the “I wanna get rich quick” crowd. Thank you, Richard. I appreciate your encouragement and your guidance – it sounds to me like you know what you are talking about and I appreciate that. I’ve never been a fan of knee-jerk reactions, either in investing or in posting to social and or financial media sites such as Travis’ site here. Options investing is a direction I have been intrigued with for some time, but not knowing enough to venture in, I have hesitated; thinking perhaps paying someone who “knows how” might be a safer, and sorry to admit faster, way to learn. While Jim Fink’s promotional material is intriguing and at this point very inexpensive, I think I will continue on my present path of learning prior to making a commitment. Thank you again for a voice of reason. Cheers!

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David White
Guest
David White
November 10, 2017 12:48 am
Reply to  Bingo

Hey there, Bingo and everyone else.
Let me tell you about Brokerage Commissions. I am just getting started in an Options Trading class and I am considering this newsletter as a way to get some ideas to research, possibly trade, and certainly learn from. However, I have done a LOT of research on brokerage firms. I don’t know if I am allowed to share on this venue, but I can assure you that you are not likely going to find lower commissions (combined with a nice platform) than on TastyWorks. If you research and agree that it makes sense, please use my referral code: PNPVQN2K2N.
Believe me, I did my homework and you probably will too. I will list the stated fees for every non-professional trading brokerage firm I found. I will list the cost of one contract [and 5 contracts] to open/close. (You will probably realize/know/learn that if your [short] contract is going to expire worthless [which you want to happen, of course] and you’re not concerned about closing it out to lock in profits and avoid any crazy, though “unlikely” extreme price jumps/drops), then the commission to close does not apply. Here goes:
1 contract 5 contracts
Choice Trade $5.15/$5.15 $5.75/$5.75
Charles Schwab $5.60/$5.60 $8.20/$8.20
E*Trade $7.70/$7.70 $10.70/$10.70
Fidelity $5.60/$5.60 $8.20/$8.20
TastyWorks $1.14/$0.14 $1.70/$0.70 YES; those are accurate!!!
TD Ameritrade $7.70/$7.70 $10.70/$10.70

Once you compare you’ll quickly realize there is NO COMPARISON. TastyWorks (especially on RoundTrip trades), is 4 to 5 to 10 times cheaper than their competition.
FYI, TastyWorks is basically the same folks that put together Think Or Swim. The TOS platform, you may know, was so attractive that TD Ameritrade bought it from them. X # of years later they decided they wanted to have another go at it and set the standard for CHEAP commissions in combination with a great platform. (Please remember my referral code, PNPVQN2K2N , once you discover that I am right on the money with my information and YOU will save a TON in commissions which will directly translate to higher returns in your account.)
There are some other more professional level brokerage firms out there (like TradeStation) that have some really cheap commissions, but you might have to pay monthly fees (like $99) for their services and/or have a certain amount of trades per month and/or quarter. UNLESS you are a member of the MILITARY. Currently TradeStation is offering $0 (yes, ZERO DOLLAR) commissions on stocks and options, along with NO MONTHLY FEES for their advanced support tools. Tell their guy Rolando Husband (or anyone, I suppose) that I sent you and I’ll get a little something in my account.

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FRED PAGE
Member
FRED PAGE
June 16, 2018 10:32 pm
Reply to  David White

Thanks I will check it out. Fred

Joseph Tse
Guest
Joseph Tse
April 24, 2018 12:37 pm
Reply to  Santo

Seems like he’s making the brokers rich, except the brokers have a 100% win rate and infinite return 😛

Carol
Guest
Carol
March 26, 2017 11:21 am
Reply to  gentrybn

I had a similar experience with OptionsForIncome! I found my funds were tied up in rolling many options. They refunded my ‘trial’ money as promised. I just wasn’t earning enough considering the investment. Jim cherry-picked and ‘authored’ questions on his website to suit his purpose. I just noticed they increased their price to $3,000.00/yr. Wow! I paid $695.

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Guest
Guest
Guest
March 28, 2017 6:10 am
Reply to  Carol

It’s not a get rich scheme, rolling is a way to avoid losses and is another form of value investing. I don’t understand how 20% to 50% returns weren’t enough earnings for you. If you know of a better service that provides higher returns please share.

Bob
Guest
Bob
November 20, 2017 10:58 pm
Reply to  Guest

Do you count ROLLED trades into your 20 to 50% return?

derek_las vegas
Member
derek_las vegas
April 5, 2018 2:59 pm
Reply to  Bob

Hi Bob, just scanning through some of these older posts and thought I’d respond. Some of our rolled trades have turned out to be our most profitable trades which are over a 50% ROI.

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Joseph Tse
Guest
Joseph Tse
April 24, 2018 12:35 pm
Reply to  gentrybn

What a scam! Where does he get returns from then? It’s very simple. You start with X. Say, $100,000. You put no more money in or take any money out, and you don’t invest in anything else throughout the year. 12 months later, you have Y. You’re telling me you would only end up with $111,000 while you would have had $130,000 just buying the SPX index? Why does he say you’d make like 60% a year consistently? or similar returns?

Drazen Raucher
Guest
Drazen Raucher
September 3, 2015 4:16 pm

I have been subscribed to Options for Income for almost a year. Recently, I checked open positions in Conservative Growth portfolio I noticed that they are more than five positions with 100% loss. When I posted my question about overall historical performance of the portfolio on the discussion board, my question was promptly removed.
I don’t understand why questioning performance of the newsletter which claims: “Give Me 9 Minutes a Week and I Guarantee You $75,000 a Year” is inappropriate and Mr Fink is ignoring it.

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Robert Brink
Member
September 29, 2016 2:06 pm
Reply to  Drazen Raucher

I’ve had the service going on two months. I’m losing money, and these continual vertical rolls take a lot of time for the small amount you make on the trades, if anything. I’m canceling the service to get my $597 back, and won’t receive his future instructions on vertical rolls to try and salvage the losers. Will have to figure out myself what do do. I’m very disappointed.

Johnk2
May 19, 2017 10:12 pm
Reply to  Robert Brink

ths is today’s webinar price. LOL selling advice to the masses. rotflmao @ you
$79 for 2 Years
https://www2.investingdaily.com/olp-pf-seconds-2/?campaigncode=WL1244
2 Years of Personal Finance delivered both electronically and in print to your mailbox, along with total access to the Personal Finance website with portfolio updates, flash alerts, and member forums. You will also receive the following bonuses:
How to Buy Stocks at a Discount
Options Strategy Manual
Quick Start Options Training Program (video series)
The Biggest Legal Loophole in the IRS Tax Cod

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Norberto Villanueva
Guest
Norberto Villanueva
June 24, 2017 6:32 pm
Reply to  Johnk2

Too funny. I am on this board trying to decide if it’s worth it! Is it hot or not!

Richard Krug
Guest
Richard Krug
July 6, 2017 7:08 pm
Reply to  Johnk2

All you get for this price is Personal Finance newsletter. It really has nothing to do with options trading at all. Deceptive marketing in my opinion.

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Guest
Guest
Guest
August 11, 2017 11:49 am
Reply to  Richard Krug

This is correct. The ad makes it look like you are getting Options for Income, but it is Personal Finance. Not a bad newsletter, but it does seem like a bait and switch.

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Jeb
Guest
Jeb
September 4, 2017 10:39 am
Reply to  Johnk2

– Your post proves the point that Richard Krug’s made in his post above. Too many folks look for get rich quick services where they don’t read, comprehend, or study to gain full understanding. The fact that you’ve posted a link to a DIFFERENT service that is also promoted by Mr Fink (Personal Finance) instead of his “Opions For Income” service being discussed in this review …. really proves Richard’s point that folks don’t take time to understand what they’re reading. If you don’t pay attention and understand what you’re reading…. then you aren’t going to learn.

By posting your comments on the wrong service, it definitely disqualifies your review as being irrelevant and a distraction which hinders others from being able to shift thru rubbish to read and evaluate legitimate reviews.

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Richard Krug
Guest
Richard Krug
July 6, 2017 7:05 pm
Reply to  Drazen Raucher

Those claims are not sound.

Powertower
Guest
Powertower
October 9, 2015 4:05 pm

It’s suspicious that any posts questioning his returns or the fact that as of now if you closed out all your losing positions you would wipe out 3 years of gains gets removed. It’s shady. I would not recommend the service for the faint of heart. Everyone is a genius in a bull market.

Peter
Member
Peter
October 27, 2015 9:16 am

Who is the best options service to make money

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CATHY
Member
CATHY
December 21, 2016 3:41 am
Reply to  Peter

TOP GUN OPTIONS IS TOP OF THE LINE SERVICE. WHIZ IS HIS HANDLE AND HE IS SHARP. YOU PAY FOR WHAT YOU GET! TIME WISE YOU WILL HAVE EVERYTHING RECORDED AND TEXTED SO YOU GO AT YOUR OWN PACE. BUT IF YOU SATAY WITH HIM DILIGENTLY IT WILL REQUIRE MAYBE 2 TO 3 HOURS A WEEK BUT YOU WILL KNOW WHAT IS GOING ON IN THE WORLD THAT CONCERNS ECONOMICS AND POLITICS ALSO HE IS A DEVOTED PATRIOT YOU CAN DO A MONTH OR TWO SO YOU CAN SEE IF YOU LIKE AND THEN GO ANNUAL IF YOU LIKE!

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Holly Braselman
Guest
Holly Braselman
January 24, 2017 11:14 am
Reply to  CATHY

Cathy, thanks for your recommendation. I am looking to get into a good service for making income. New to the stock market and option trading but very interested. I sell real estate but want to find another way to make income. Getting older and can’t beat the streets like I used to. I like it that you are a women are into this. Can you give me an idea of the amount of money that I would need to start with to make a reasonable income and also how has your success been with Top Gun Options thus far. I would appreciate any input that you could give me. Always great to hear from someone who is actually using the service and investing.
Appreciate your time and help. If you could respond to my personal
email, I would appreciate it.
Thanks again

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Ric
Guest
Ric
March 5, 2017 6:30 pm

Topgun is a no nonsense service, no bells and whistles. Very honest, been member for 5 years. Not just pie in the sky recommendations, also has hedge plays for protection.

Richard Krug
Guest
Richard Krug
July 6, 2017 7:29 pm
Reply to  Ric

Are you aware that “Whiz” Buckley of Top Gun Options does not trade real money? All of his supposed trades are done on a paper trading simulator. His so called phenomenal trading results are non-existent.

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Cindy Young
Guest
Cindy Young
August 24, 2017 4:28 pm
Reply to  Richard Krug

Richard, you sound like u know what your talking about more than anyone I’ve read or watched webinars about. I don’t understand stock market to much, I buy stocks and they don’t make me anything except tweed in Canada was good buy.

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Julie
Guest
Julie
April 8, 2020 3:49 pm
Reply to  Richard Krug

SIM trades are not an accurate representation of actual $ trades, but do reflect overall good picks vs bad, so results ARE existent. He’s a retired millionaire, he doesn’t need to make money trading. Plus he probably makes $500k a year just in member fees at $3k+ per. From what I’ve seen he’s no better than what’s free on youtube from Tasty or Theo.

Fritz
Guest
Fritz
February 27, 2017 5:43 pm
Reply to  CATHY

Top Gun has a write up on Rip off Report

Bob M
Guest
Bob M
April 3, 2017 9:35 am
Reply to  CATHY

Devoted Patriot + RW zealot. If you like far RW political rants with your trading, by all means join.

Mike
Guest
Mike
September 13, 2017 7:17 am
Reply to  Peter

I am taking the Options Animal course. It costs $3500 and is hard to follow. I don’t know whether I will be successful yet.

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jacknasty
Member
jacknasty
January 12, 2016 11:14 pm

I’ve been member for JF’s options for income for over 2 years evaluating the service. I have two trading accounts. One is for with his suggested alerts and the other is traded opposite of of the alerts. For example the lion share of trade alerts are put credit spreads, so if an alert was to sell May 50 of X buy May 45 of stock X for a credit of 1.50, I would buy the opposite spread buy May 50 of stock X sell May 45 of stock X (effectively making a bear put debit spread) for a in expensive debit pretty much out of the money. But funny how fast the price action would go against the original alerts. Once the put credit spreads are deep in the money, and expiration Friday nears, an alert is posted directing members to roll to a call debit spread which is simply closing out the losing trade and taking on a new trade in the same option. The loss in the closed put credit spread is a profit for someone else. Price action can be determined with a simple technical analysis before taking the position. Most of the trade alerts go against trends. The justification is his selling point…”seasonality”…which is a very out-dated method of determining a stocks direction. Most of my comments about my concerns regarding alerts were quickly taken down from the forums. Very suspect. This advisory has all the signs of Selling or Buying the opposite side. For every trade there are two sides… a loser and a winner. All it takes is building a volume of members who trust your judgement , from then on out it’s like taking candy from a baby. A good charter against a layman will win every time.
In conclusion, my contrarian account is up 48% since I joined, while my account with the member alerts is down 15% (closed positions).

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Java212
Guest
Java212
September 22, 2016 9:15 am
Reply to  jacknasty

Sounds like a great plan with the counter strategy. What are you doing now and what do you use for signals or recommendations? Thanks

TimR
Member
TimR
January 14, 2017 3:59 pm
Reply to  jacknasty

Interesting test, thank you for sharing!

HedgeYbet
Member
HedgeYbet
February 29, 2016 11:42 am

ANYONE PROMISING 9 MINUTES A WEEK GURANTEEING YOU $75,000….WELL IT IS COMPLETE NONSENSE!…GEEEZZZ…THANKS TO THE INTERNET THERE IS SO MANY INTERNET CON JOBS…

drobnisd
March 25, 2016 8:11 pm

I have been a member of Jim Fink’s (JF) Options for Income (OFI for about three years. He provides legitimate service, good advice carefully explained. He also answers individual questions on-line about variations and other ideas–unique in my experience. His intro materials are thorough and factual–he does not throw around terms that he has not explained.
His preferred positions are PUT spreads, usually bullish, occasionally bearish, typically 2-3 months to expiration. Sometimes, often to rescue an in-the-money PUT, he will open or roll to a CALL option spread, usually bullish but again, occasionally bearish. These are moderately sophisticated strategies, but each position is meticulously explained.
I am eliminating most of my positions and not opening new ones. Why? For the first 2.5 years, I did well–averaging about a 15% annual return on my capital at risk. For 4Q2015 to 1Q2016, I have ended up giving back most of my previous gains. So while I feel I have no real complaints, I have learned some useful lessons:
1. JF, like many of us, tends to be optimistic. When the market trend is up, he does well. When it is down or volatile–not so well.
2. He claims an 80% success rate on his positions. But he counts three losses that are rolled into an eventual threadbare winner as one winner–not three losses and one win that ties up capital for many months. And the eventual losers tend to lose much more than the winners win.
3. He claims 9 minutes a week is all you need. Well, to enter the trades, yes. To monitor the positions, you need much more. Because some positions can go bad in a few hours, and in some cases an e-mail alert will not reach you in time.
4. You can never, never stop watching the market for even a day, on a business or vacation trip or, God forbid, an illness, without closing most, if not all, of your positions–with far from optimal results.. Even those that do not expire while you are away can dive deep into-the-money and be vulnerable to assignment and with a margin call.
5. If you trade in a taxable account, you have a nightmare at tax time sorting through perhaps several hundred trades on your Form D. Plus Uncle Sam joins your team to share in the profits–but only to a limited extent in the losses! If you trade in a non-taxable or tax-deferred account, you are spared the tax consequences and accounting, but have special rules for trading with Settled Funds that an unexpected assignment, or even failing to properly close a winning CALL spread, can place you afoul of.
6. Best fills are obtained by entering your orders each week on Thursday morning before the markets open–recommendations are available by 6:30 AM ET. Not too burdensome in the East, at 9:30 AM. Bit harder on the West Coast at 6:30 AM PT.
7. In evaluating results, I detect a sign of JF’s thumb on the scales. In addition to the mullti losing rolls and an eventual scrawny win, JF counts a fill at his recommended prices by any one of his 1,000 subscribers. He also does not count premature assignments, or urgent bail-outs with only a couple of hours to take notice and respond.
So bottom line–this is a legitimate investment service, with substantial on-line support, but notable caveats.

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mark
Guest
mark
June 27, 2017 2:54 pm
Reply to  drobnisd

I’ve been investing for many years, but never using options. After reading JF’s (30 page) intro to his Options for Income trading service, and his (9 page) sign-up pitch, I was leaning toward giving it a try. So easy, so safe, so conservative and so incredibly profitable … what could be better?? However, after reading the two reviews, ‘drobnisd’ above and ‘redpoint76’ below, both exceptionally well written, I was gobsmacked!!

The only reservations I had about JF’s service beforehand were 1) The $3000 annual cost, (temporarily “discounted to $1500) 2) The length (overselling?) of his intro 3) and whether there were any (hidden or unexpected) catches. Otherwise, who wouldn’t want to ease into an additional $75K to $100K in annual passive income, with very limited risk, based on a simple trade taking 10 minutes per week of personal time?

But when I re-read parts of his sales pitch, it dawned on me that he repeatedly promised to display his actual trading account statement “later” as proof of his consistent success… which ultimately reflected only a bloated account balance with a partial, blurry, unreadable statement hidden behind it. Seems pretty clear there was an attempt to hide detail. It’s entirely possible said account balance could be from oversized client fees. I’ve decided to forego subscribing.

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D_Tone
Guest
D_Tone
September 18, 2017 8:09 pm
Reply to  mark

Your loss, you should really reconsider.

Latest Closed Positions

AMZN Put Credit Spread 9/15/17 47.06% ROI
V Put Credit Spread 9/15/17 38.89% ROI
CELG Put Credit Spread 9/15/17 31.58% ROI
LLY Put Credit Spread 9/15/17 28.21% ROI
EBAY Put Credit Spread 9/15/17 26.58% ROI
EQT Call Debit Spread 9/15/17 19.05% ROI
DLTR Put Credit Spread 9/15/17 12.44% ROI
ALXN Put Credit Spread 8/18/17 58.73% ROI
MU Call Credit Spread 8/18/17 32.63% ROI
VZ Put Credit Spread 8/18/17 23.46% ROI
SAM Put Credit Spread 8/18/17 16.96% ROI
JBHT Put Credit Spread 8/18/17 6.38% ROI
PPG Put Credit Spread 8/18/17 3.31% ROI

We rarely close a trade for a loss, typically we hold trades for 6 to 12 weeks, but sometimes longer. If a trade is an initial loser, we roll it allowing us to collect extra credits that help turn the trade profitable.

My best advice would be to try the service yourself; they do offer a 60 day money back guarantee. I can honestly say that I don’t understand the negative reviews. I’ve been a subscriber for a couple years now and consistently make over 35% in annual returns.

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Mickey Martin
Member
Mickey Martin
November 27, 2017 12:02 am
Reply to  D_Tone

D_Tone; just joined and am trying to put together historical results. Can’t seem to find the trades you indicate above at https://www.investingdaily.com/options-for-income/portfolio/options/all-trades/?active=1&expired=0&sort=alpha (which is the only place I have found any historical results so far). Would you be able to point me in a direction to find this data. Thanks, MM

D_Tone
Guest
D_Tone
November 27, 2017 5:04 pm
Reply to  Mickey Martin

You should see some tabs right above the AT&T trade, click on the tab that says “closed”, that will bring you to all past trades and performance. In addition, if you look on the home page, to the right you will find all the latest closed trades, but if you want to look through all the old trades then clicking on the closed tab is your best bet.

tommy2shoes
November 28, 2017 7:56 pm
Reply to  drobnisd

I subscribed for over a year and the above review is very accurate, thanks for doing it. Jim is a good enough guy. But if the market isn’t going up then neither is your account balance.
Bookkeeping for losing trades that roll and roll at elevated risk/margins caused my results come in low compared to the claimed track record. Also not clear how much, if any, track record allowance is made for commission costs? I think zero.
It is entirely possible to trade this in an IRA, which is nice. The service is good in every respect except the performance, in my experience – OFI doesn’t fare well in bear scenarios because Jim plays the long side. He’s a numbers guy and the market goes up more of the time than it declines. Seems to count on that to make it all come out OK in the end.
If you qualify for it, get a low commission broker, I use Interactive Brokers, been good for years but complex UI and no hand-holding by phone…

👍 54
redpoint76
Member
redpoint76
May 24, 2016 12:24 pm

I was a member of Jim Fink’s Options for Income) for the last two years and just cancelled for a partial refund. I couldn’t agree more with “drobnisd” Mar 25 review except I would use stronger language. Jim’s claims in his sales pitch are outright fraudulent and could land him in legal trouble. I started with a portfolio of $100k and got a 10% return over 2 years. No where near the $79k per year (or half that, $39.5k, because I didn’t start with $200k). Worse is the fact that his win rate is less than 20% (not 80%!) which requires continuously rolling out losing positions to chase credits. Lastly, the level of effort is laughable (he claims 9 min a week). Be prepared to have to constantly monitor his alerts, execute trades (sometimes in an hour or less) and baby sit them until they fill, talk to brokers, run the numbers, etc. which seemed to always happen when on vacation or in an executive meeting, or holiday brunch, etc. Level of effort increases dramatically the more positions you open with him. I wouldn’t recommend the service. It will help you learn options trading but there are many ways to make a better return for significantly less of a time investment.

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WILLIAM
Guest
August 15, 2016 2:46 am
Reply to  redpoint76

I agree with the points raised by Redpoint76 as there is many other reviews which is also complaining about these recommendations.

You stated the following;

“there are many ways to make a better return for significantly less of a time investment.”

Have you managed to find anyone who can provide reliable recommendations ?

THANKS

SAMBO253
Guest
SAMBO253
September 15, 2016 1:10 pm
Reply to  WILLIAM

also keep away from Botarrelli options service. they have the same guarantees. they recently charged me $1,000 for one years service but ended up charging me for three services! I didn’t know until I checked my balance online. simply amazing how I could get an email confirmation of my first charge for service with them but they did not send out a second or third confirmation to my email for the second and third services I supposedly bought. certainly after the first 3 options recommendations lost immediate value I bailed on him and had a problem getting reimbursed for the two fraudulent charges of $1k each. and as for pro rating the original $1000, well, after less than 30 days they figured their time was worth $499 and returned $500 to my American express card. what a bunch of charlitans. I figure with all the people getting shot in Chicago, why can’t he get shot and save someone else the effort for his thievery!

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charlesg1958
charlesg1958
November 21, 2016 9:19 pm
Reply to  WILLIAM

I am still learning the options business but I have learned a lot at Options Alpha. Lots of training info for free. I think you can sign up to follow Kirk’s trade and have access to other trading in for $100 per month. There is also some podcast covering a variety of topics about options trading. Overall the plan is to make trades with a 70% probability of finishing out of the money and volume is key to increasing the overall probability of success. The more you trade 70% probability trades the more you will get right. In the forum there is a lot of discussion about trades of all types and risk. Worth checking out especially if you are just getting started. Kirk doesn’t make any crazy promises about making lots of money. It is a process that you can safely earn around 20% return on your account if you put in the time and effort.

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Fritz
Guest
Fritz
February 27, 2017 5:45 pm
Reply to  redpoint76

So Fink is no different than all the other junk online

Kevin
Guest
Kevin
June 11, 2017 5:19 am
Reply to  redpoint76

Redpoint, I am a regular guy who knows nothing about investing, and I was excited by Jim’s advertorial. Thought learning about investing for awhile (like Jim did when he was a lawyer) would be a worthwhile pursuit. However, reading your review tells me to stay away … just more bs. I know nothing about investing, and much of the jargon used is Chinese to me. This service is for people who already trade, not me.

Peter
Guest
Peter
June 5, 2016 5:46 pm

Redpoint76 how about trading opposite what he recommends? Seems like there is opportunity make money 80% of the time

Kane
Member
Kane
September 14, 2016 8:34 pm
Reply to  Peter

You nailed it. I trade the inverse of his alerts and my account is up 65% since I started doing this. Les risk more reward.

RWR
Guest
RWR
September 30, 2016 2:39 pm

I received an offer for subscription to OfI at $40/year. Is the real price or are there other hidden costs? I see where someone posted having cancelled and received a refund of almost $580. What’s that about?

Santo
Guest
Santo
October 11, 2016 8:44 pm
Reply to  RWR

If you are getting OFI at $40/year, just take it. You will recoup that in one week and then make much more after. You need to be willing to commit capital to the account as cash reserve and be patient to roll trades for as long as needed. This is more of an options investing than a short term trading service, so be prepared to be patient and keep rolling as needed.

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J. Smith
Guest
J. Smith
November 14, 2016 9:00 pm
Reply to  Santo

This happened to me also and when I took the offer I ended up with a different service. Seemed fishy, although the service I got is solid.

Santo
Guest
Santo
November 14, 2016 9:04 pm
Reply to  J. Smith

I am a subscriber and I would recommend it. The trades are very solid plays and as long as you have ability to put capital aside as margin reserves this service is a long term credible one, key is you need lots of capital and lots of patience as it is not short term trading.

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jkp19
Member
jkp19
March 8, 2017 2:17 pm
Reply to  Santo

Also a member of OFI. I agree with Santo and see him post good information and analysis to the website on a regular basis.

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Guest
Guest
Guest
June 29, 2017 10:20 am
Reply to  RWR

That offer is really for Personal Finance. They weren’t clear on the way it was offered. With PF you get 1 options trade per month. Not a bad way to test out what they have without much investment.

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tammy
Guest
tammy
November 1, 2017 3:56 am
Reply to  Guest

I thought all I had to pay was $79 for two years, then the next page is trying to charge me for $597, it is just a bait and switch.. He was not truthful in his presentation. I thought i was to get 4-6 options trade a month but it is not true, the guarantee he offers is too good to be true. I need the figures directly from his brokerage acct with time stamp.

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Richard Krug
Guest
Richard Krug
July 6, 2017 7:34 pm
Reply to  RWR

For $40/yr. you will be getting something completely different from what you think you are getting. All you will get is a subscription to Personal Finance newsletter, which is a buy-and-hold stock rag. Nothing about options at all.

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dinky85
Member
dinky85
November 5, 2016 10:14 am

Mikie This is for jacknasty how many contracts do you trade

JOHN ZEIMETZ
Guest
JOHN ZEIMETZ
January 14, 2017 3:50 pm

I watched a presentation on OPTIONS FOR INCOME by Jim Fink for a special price of $39.00. Could you resend that to me, as I lost it.

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Khalid
Guest
Santo
Guest
Santo
January 23, 2017 6:42 pm
Reply to  Khalid

Subscribing to Personal Finance is not going to meet the claims cited. It provides some call and put option trades and other stock portfolios. You will want to subscribe to Options For Income to get the service which provides the cited claims listed above, which costs about 1000 per year or so to subscribe to. The claims are valid and legit but it needs you to hold $200,000 – $300,000 margin capital reserve to achieve those claims. ($185 per day).

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Jerome
Guest
Jerome
January 24, 2017 10:30 pm
Reply to  Santo

I am not yet a subscriber to Fink’s Options for Income. Question: After being active in Options for Income for, say, 6 months, how many trades will one have open? Fink’s $$$ of profit (in his ads) appear to me to be based upon each trade being 10 contracts. I do not have that kind of money if there are 15 trades open after a few months. So would this service be practical if one has, say, only $50,000 to use for trading his option trades?

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Santo
Guest
Santo
January 25, 2017 12:11 am
Reply to  Jerome

Expect to have 40 positions in 3-4 months. With 50k you can expect to do 2 contracts per trade. That might be about 12-15k gains per year based on current experience. No guarantees in future. Catch is if market tanks expect to be doing rolls for months to years to recover. No easy way to exit spread positions unless taking losses. Rolls are good but expect to hold rolls for a long time. That said, better a roll of a spread than an outright loss.

Robert
Guest
Robert
September 17, 2017 12:35 pm
Reply to  Santo

I’ve been with Jim for almost a year, mostly taking just a single contract – which requires about 15K in capital. Rolls are inevitable because 100% of directional trades cannot be guaranteed by anyone. With that said, about 80% are successful (due in part to his seasonality navigator, increasing the probability of success). 20% have been rolled. Rolls are also about 2-3 months in duration, the same duration as the original trade. With 2 months to go for 1 year anniversary, my realized gains in my etrade account are about $7k with average trading capital of about $20K. That’s an annual return of about 35%. This is quite good considering the risks. I’ve also learned a lot about Jim’s trading methodology and have opened up some trades outside of Jim’s recommendations. As a CPA, I’ve seen quite a bit out there, from trading scams to unrealistic promises. Jim’s methodology is sound. The results are real. His online resources, educational tools, forums and detailed explanations guide even the novice options trader. It’s worth the money as you can see from my above-mentioned returns.

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Jerome
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Jerome
January 24, 2017 10:50 pm
Reply to  Santo

Santo, that promo actually says:
Again, the regular one-year rate for access to my most elite options trading service is $1,495.

But when you take me up on this offer, you don’t have to pay half that. Or one-quarter. Or even one-tenth.

Because for the first 100 people who respond today, my publisher is letting new Personal Finance subscribers join for only $39.95!

So does the offer include Options for Income or not?

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Santo
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Santo
January 25, 2017 12:05 am
Reply to  Jerome

I would call them to check. You want OFI not PF. PF is good but not for spread trades. It does stocks, bond portfolios and calls, puts.

I have no regrets for money spent on OFI. I have more than made that back and then enough to pay for at least another 20 years of OFI.

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Z boy
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Z boy
January 19, 2017 2:43 pm

Is this legit? It sounds too good to be true… I’m not sure what the catch is

Guest
Guest
Guest
March 28, 2017 6:30 am
Reply to  Z boy

Yes, the service is legit. There’s no catch… You can try it and if you don’t like it you can get a full refund within 60 days.

HelloWorld
Guest
HelloWorld
February 1, 2017 12:09 am

I like the CBOE.com and You Tube.com how much time do you have, use the faster speed to get thru it? Get the free stuff first. Watch all the sales pitches and figure out what is valid by paper trading even after you go live with cash.

Shade D
Member
Shade D
February 13, 2017 11:18 pm

I used options for income about 3 years ago. I was pleased with
Jim fink’s service at the beginning. He was very prompt and responsive at first and then all of sudden he was non responsive. So many times my ligitimate remarks on stock talk were completely removed. When I spoke with him on the phone about that he simply told me that he removes any comments that he classified as negative even though they could have been helpful for his members to help them avoid losing money. Sure enough all of sudden a lot of his trades kept losing money and had to be rolled over with wider spreads requiring more and more money and eating off my cash account specially when you even ended up losing more money than you originally had on the very same put or call spread trade.
I don’t know about you but I don’t find it ethical for an organization to avoid answering its own customers concerns based on their own false judgement. I don’t recommend this service to anyone. Watch out. You may end up losing big time.

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Eddie
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Eddie
March 18, 2017 9:30 pm

I have been a subscriber to Options for Income for six months. I am very pleased with the service. My record this year is 15-2. $75,000 in income would be difficult but if you take 7-10 contracts on each transaction you will do fine. You can do follow up trades based on his successful recommendations. I have great respect for Jim Fink’s options investment abilty.

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Steve R
Steve R
April 20, 2017 3:41 pm
Reply to  Eddie

Question for Eddie: How much money is required in your trading account in order to do “7-10 contracts on each transaction”?

Santo
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Santo
April 20, 2017 8:47 pm
Reply to  Steve R

300k if you want to do 10 contracts.

Guest
Guest
Guest
April 29, 2017 10:46 pm
Reply to  Santo

300k out of pocket or do you build up to arrive at larger amounts of contracts?

Santo
Guest
Santo
April 29, 2017 11:20 pm
Reply to  Guest

Either. It would be a long buildup for many years to get there if trying to build up.

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