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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
I have been receiving e-mails from George Selin (Option Strategist)
also. I forwarded one to Real Traders, as this site seems to be where
he (George) seems to be getting our e-mail addresses from. I was under
the impression (by the Realtraders ad in the Technical Analysis of
Stocks and Comodities Magazine) that solicitation of customers was not
allowed on this site. If you think through about the risks of going
uncovered in options, be they leaps, strangles, or struts, they are
substantial. Also, how do you know whom you are sending money to? What
keeps them from just putting it in their own pocket? Utopia seems to be
the key word here-Utopia for whom though? I hope the powers that be can
do something to remove solicitors from the list once they are
identified.
Best regards,
Ruth
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