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RealTraders,
First, let me apologize for those who are offended by my answering
questions I was asked on this medium. This will be my last post in regards
to our company or its services.
Second, principal and principle look real close (to me) when typing at 1:30
in the morning. Please let me clarify. I own the company.
Third, any future correspondence will be responded to only via email
directly to the website -- as many of you have done.
I enjoy your forum. If I have violated the rules by responding to a
question here -- then remove me from your list.
Respectfully,
George T Selin
Option Strategies Inc
At 11:19 PM 1/20/98 -0500, Ruth S. Alexander wrote:
>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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