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WaveStrength Options Weekly

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Marco
Guest
Marco
January 27, 2009 2:26 pm

Wavestrength Options Weekly is not for those with a light stomach. Adam Lass has an uncanny ability to pick winners but he will not tell his readers when to exit a trade, leaving the profit or loss to the individual’s own discretion.

He has quite a following and his recommendations often have a pop on the day recommended due to the large number of orders placed with brokers. It seems as though few of his readers understand options and how a large number of purchasers can run the price up (and volatility) dramatically. I have found it best to pick outside of his recommendations by a tick or two (I would by the March 45 put/call instead of the recommended March 40) because it’s a contract/option that has not been manipulated because of the demand.

That said, he really has had some remarkable picks during the downturn. I think he’s a self-confessed bear, so it was easy for him to pick winners when everything was heading south. I don’t think his call picks have worked out nearly as well.
It’s a fairly expensive service but will pay for itself quickly, as many of the recommendations do increase 100% or more.

My one bug-a-boo about this service is how he records his winners. He gives you the maximum gain that the pick has reached and doesn’t bother adjusting it downward when the stock retreats. So he shows a 320% return on a trade that currently shows a 37% return; the 320% return being the very top of the market. No one I know has ever been able to pick the top or bottom as consistently as Adam! I wish I could record all my trades at the top (or be clever enough to actually see the top).

After three months of service I have made more than I have lost, so I won’t be complaining too much about his performance.

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Andrea
Guest
Andrea
February 3, 2009 1:43 am

I have been a VIP Taipan member for over a year, but only got access to US Options trading recently (late 08), since I am in Australia.
I like WOW, and indeed, as Marco says, they do record the winners: at the top the trade has made. The top is often the buying pressure, and then the options start to slide. I also have an issue with the lack of advice as to when to exit a trade. When I check on the performance of the options, many make a continuous slide from a top. In fairness to Adam, he can’t know when people get in, so this could explain his reluctance to advise on an exit. I do know that if you buy the recommendations at the “wrong” time, you wil more likely end up a loser.
My one (1/6) winner so far has been a Visa put, which gave me a 50% return. I could have made a >100% gain on the Visa trade, but had experimented with a trailing stop which closed me out of the trade. A learning experience.

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Garry
Guest
Garry
February 7, 2009 9:35 am

My total frustration with this service was that once you had taken their advice and bought options, you were basically abandoned to act on your own with no selling advice. They had all the information and charts and did nothing. They were probably consumed by the offer of 10 double digit or another free year offer, so they let everything run. Of course most option services with no end advice will have ten doublers out of fifty selections. I could probably do that on my own. I lost money as I could not afford to buy every selection and I guess my choices were lacking. I would not recommend this service unless they get their act together and offer ‘GET OUT’ advice.

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TOM
Member
TOM
February 7, 2009 12:20 pm

I have subscribed to this service for 2 years. I have liked the analysis of the picks but have always been frustrated by the lack of when to get out. I have found that the best way is to just set a target that I am comfortable with and when the option hits that target then take my profits and run.

Elton's Dad
Member
Elton's Dad
February 14, 2009 9:35 am

I have subscribed off and on to this service for about 2 years and have had spotty results. I started with a $250 per quarter subscription for several quarters, then about $850 per year and cancelled within the trial period, and now a $325 offer from late last year.

I keep trying because I like Adam’s writing style and investment intelligence and I feel that Brian Bottarelli’s option picks are reasonable. However, I have the same problem as others as to when to get out and have also set a goal of 50% gain or so and got out when ahead. The market is so volatile and many of the options go negative and you have to wait a good while to see if you will make your investment back and then some.

I have tried several other option services with similar results–spotty—and somewhat frustrating–so I have lately been looking longer term at trends in ETF options such as in gold, treasuries, and currencies and absorbing input from several investment letters from Weiss, Agora, Taipan, Sovereign Society/Jack Crooks. I tend to believe more in the longer term (6mos plus) economic and currency trends than in the short term (3-6mos) moves in stocks (particularly stocks I know nothing about and have to rely totally on WOW’s analysis. Many of the option services have good talent but not always successful option picking relative to short term timing.

I also have had success picking my own options with value stocks as picked and reviewed by Chris Mayers 2 publications: Capital and Crisis and Mayer’s Special Situations. I do believe in some kind of market timing—-Chris does not—and have had to have great patience lately to pick the right trade. Some of Chris’ recommendations lately, eventhough well researched, have tanked with the greater market. If you own the stock you can wait it out. With options you have to decide when to get out to preserve capital before the time runs out.

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BillMA
Guest
BillMA
February 18, 2009 2:44 pm

Have been a subscriber for over 2 years. They brag about their winners, but neve hear anything about the losers. How can I get in on the winners when so much money is being lost on the losers. They’re a crapshoot. The best was their recent ad touting how much subscribers made on their UDN puts, when in fact they twice recommended UDN CALLS! Nice try, WOW.

BillMA
Guest
BillMA
March 4, 2009 9:13 am

hate to keep picking on this service, but here goes. Yes, he did pick a dandy a few weeks ago on the Lockheed Martin puts, but I lost so much money on his other recent call plays I didn’t have any free cash for the LMT play. Last week I took some of my profits from his winners so I could hop on his latest play (yesterday, March 3/09) whicj was to “buy the APOL August 70 puts at market. I did. Bought at 11.50, at 10:00 a.m., they’re down to 10.90, with a low of 10.44. Just another day at the WOW crap table.

Olden Atwoody
Guest
Olden Atwoody
March 19, 2009 6:24 am

I like this newsletter, and i appreciate the analysis. Things are explained clearly, and after a while the wise reader may decide whether or not to avail of a recommendation. I usually buy into about every third recommendation.

What’s valuable for me is the underlying explanations of market forces which helsp me in other market strategies. For that alone, it’s worth the money.

Timing is critical. As another reviewer mentions, your best bet is to set a price (percent) target and place a limit order to sell. Try for 25% and you’ll be happy more often than not.

Recommended.

Ros
Irregular
Ros
September 11, 2009 1:11 am

I subscribed for only one month and one month is long enough! His last 4 recommendation is 2 up and 2 down. The STOCK price moved (+) for his trade 5% and 6%, and against his trade 4% and 8%. A most recent one DIA put is ~ (-) 3%.

Reviewing his open trades is even worse. The trades are losing ~ 200% (AIG puts –July ’09 recommendation) and 86% (SI puts – March 09), and that is for STOCK price movement against his recommended trades. Other losses are ~ 18%, 28%, 42% of stock price movements. Most of the gains of his other recommendations are in the single digits, teens, or in the 20% gain. His best and only triple digit gain is F.

On his site, http://www.taipanpublishinggroup.com/wavestrength-options.html, he writes subscribers had gains of 403% on SHLD, 295% on FDX, and 121% on DIS. I don’t know where he got those numbers.

Using his own executive summary, he lists maximum gain on SHLD as 43% (as of yesterday, stock is up from time of recommendation ~ 6%); maximum gain of 45% for FDX (now -42%), and “No Subsequent High (Yet)” on DIS puts (from April ’09 recommendation) and it expires in October!

His maximum gain is also a joke. It is based on the best gain of the trade and not based on when the trade is exited. In his newsletters, there is no such thing as exits, just entries.

I have tried several newsletters and would rate this as the worst for the following reasons:
1) There are too many faulty picks and no exit strategies that could devastate someone’s finances; AND
2) Misleading information by using maximum gains to represent the portfolio’s performance; AND
3) for deceitful information on their site about gains that did NOT happen.

Be careful. He gives you 30 days free trial but you may lose a lot in that time period.

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Ros
Irregular
Ros
September 11, 2009 2:08 am

Here’s a cut and paste from WOW (Wavelength Options Weekly) site directly.

“In recent weeks, WaveStrength Options Weekly option contracts have allowed subscribers to leverage gains of 403% off Sears (SHLD: NYSE), 295% off FedEx (FDX:NYSE), 121% off Disney (DIS: NYSE) and 169% off Avery Dennison (AVY: NYSE).”

See my previous entry – these numbers are false!

I don’t know about AVY, I didn’t find it in the current nor achived portfolio, but could have looked past it.

All my % price movements are based on stock price and not option price, but you can calculate or estimate the corresponding option price changes from the stock price changes.

The good thing is that when you ask for your money back, it is promptly handled.

Adam Lass and Bryan Bottarelli do write well. I was going to check 2 stars on interesting to read/educational, but I couldn’t say it’s educational when their take on the market is wrong. I think it is worse to give false education.

I thought I may be expecting too much until I read Weber’s Global and Aden’s forecast (due to comments from this site.) They gave the correct call on the market movement and gave sound advise. I think these 2 have better worth in terms of money and time that you will spend. I am still choosing which one I will keep since I don’t have a lot of cash to spend, otherwise, I would love to have both.

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Mark L. Chicago IL
Guest
Mark L. Chicago IL
September 29, 2009 4:50 pm

Adam Lass and Brian Bottarelli are a couple of shady operators. As stated above, they show their picks with “maximum gains” as one would know when the exact top of your option is hit and exit at that time. I put in current prices of all of their open recommendations based on their stated entry price (which likely a great number of people could not get in at) and their current open picks are at -14%. Yet their own stated “maximum gains” average 89% (if you sold at the exact top of every pick). Their returns are an illusion and they do not show their performance honestly. I find it incredibly self-serving and extremely misleading to show their picks in this way. No honorable service would do such a thing. Even if you did pick a gain target of 50%, I guarantee you would lose money overall when the losers are added in. You would need to milk the few home runs they hit at their “maximum gain” price to make money – and who can do that? They certainly can’t as they don’t give advise when to sell – what kind of service is that? I would advise you to spend your money elsewhere and really learn the investing business. The best I’ve found? Richard Russell – Dow Theory Letters; Steve Sjuggerud – True Wealth; and the Oxford Club (basic service). Good luck and great investing…

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Kim
Member
Kim
September 30, 2009 9:50 am

Reliably capturing the maximum gains requires perfect hindsight looking. Just about any trading system could produce fantastic gains operating in perfect hindsight. Some of the stocks touched their highest price only for few minutes – how would you know at this moment that this would be the highest price?

ANY service that calculates gains based on the highest price is a SCAM.

Ben
Guest
September 17, 2010 10:10 am

Hey there,

I subscribed to WOW back on June 15th, 2010. I’ve had mixed luck. My first trade (puts on AXP) was up about 30% when I got out, and my next 4 trades were all losers. I cut the first three quickly so kept my losses tight, but got into trouble when I let an XOM call run with a loss for too long, and then took a substantial loss after the pain was too much. Adam does not give an exit strategy, so when he brags about his winners you need to take them with a grain of salt. However, the newsletters are very smart and carefully thought-out, and teach me a lot about the stock market and the investing world, so that’s good.

I think the best thing you can do is make trades on his pics that you believe in and understand, then cut your losers quickly when they’re down 5%, and let your winners run with a trailing stop (with some breathing room). I like to put my stops in just below the previous day’s close.

I’ve also learned a lot about stock options and have started to make some trades on my own (bought some at the money January calls on GLD and GDX) and also bought some at the money calls April calls on SLV. So far, my pics are up – we’ll see what happens. I still get WOW and sometimes make trades with Adam’s pics if I’m familiar with the company or personally believe in the plays.

However, the most important thing is to cut your losses right away if a trade goes against you, and let your winners run.

Ben

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