Description
An Iron Condor options trading service.
Overall Rating
Rating: 3.9/5. From 7 votes.
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3.9
Rating from 31 votes
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Investment Performance
Rating from 8 votes
Rating: 3.9/5. From 8 votes.
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Quality Of Writing/Analysis
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Rating: 3.8/5. From 8 votes.
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Value For Price
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Rating: 3.8/5. From 8 votes.
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Customer Service
Rating from 7 votes
Rating: 3.9/5. From 7 votes.
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This service, which I subscribed to, is fake. On 1 Aug, 2019, they sent out a recommendation to sell a put credit spread for RUT at 1525/1500, for expiry on Aug 16. (I have that email and can send it whoever wants to see it.) They said to sell with limit $0.50. Soon afterwards, the market as a whole including RUT tanked, and RUT remained below 1500 until the expiry date. The spread would have lost $5.00, after taking in $0.50. There was no email recommending to exit this trade.
However, on their website, they do not mention this trade which would have lost hugely. They do mention a trade of RUT at 1420/1425, opened on Aug 12 for a credit spread with limit $0.80. This trade apparently made 19.05%. Yet even though I subscribed, I never got any email from them recommending this trade.
This is outrageous. They seem to be faking the information on their past trades. In particular, they did not mention a trade that lost a huge amount. Nobody should be subscribing to this service.