|
PureBytes Links
Trading Reference Links
|
As a principle of the firm, I can assure you that Option $trategies Inc is
a legitimate company.
The short strangle strategy (BLISS) is fully described at the referenced
website, to inlcude documentation of all closed and expired trades.
We respect the ground rules of RealTraders and do not want to turn this
response into a promotion of products and services of O$I. But it would be
neglectful, possibly even deceitful, if I simply read Mr Johnstone's post
and did not acknowledge my intimate relationship with the firm.
George T Selin
Option $trategies Inc
At 08:04 PM 1/19/98, Don Johnstone wrote:
>I recently came across a company, Options $trategies Inc., who provide an
>Email service whereby they use about four strategies to target options
>trades. One strategy (BLISS)involves a strangle on an index whereby your
>broker puts the premium in your account upon initiation of the trade and
>you hold it until they notify you to close the trade. You get to keep the
>premium and don't put up any of your own money (other than for margin).
>The service costs $1,000/month and they guarantee you will net $5,000/mth
>or they will refund 150% of their monthly fee.
>They have a website at http//www.optionstrategies.com with all trades
>signalled under the various strategies. According to website info, this one
>strategey netted $58,737 for the month of (I think) October/97.
>I know a bit about options and "strangles" (selling both puts & calls) but
>this just "seems too good to be true" Has anyone had any involvement with
>this company or know anything that they care to add either positive or
>negative? How about our own DOCTOR OEX - what's your take on this.
>Thanks
>
>
|