Monday, October 29, 2007

World's Best Options Service

My rule about touting any newsletter or trading service is pretty simple and straight forward: If I personally make a lot of money trading it's recommendations, I tout it, if I feel like it.

Although I get approached by a lot of advisory services, precious few ever get mentioned on my blog. This one, is different. Not only have I made a substantial profit from following their recommended trades, but, it's an options service, a field notoriously glutted with losers and fraudulent promoters that prey on the greed inherent in a traders mentality and offer no value or substance in their advice.

But as I said, this one is different, it is probably the best options service I have ever used. They approached me about eight months ago about advertising on this site. I said that although I eschew advertising, I would consider reviewing their advisory service and reconsidering my policy and/or write them up if I thought they would bring any value to my readers. They started sending me their newsletter, I let several very profitable trades go by, then started acting on their trades, usually the kiss of death. To my surprise, the winners kept on coming.

In keeping with my word, I am recommending that anyone who is interested in trading options take look at this service. You can find them here:


Best Commodity & Currency Options

Here are their most recent, real time, real money recommended trades:

08/22/07: Buy BHP Jan 120 call @ $570; Currently $2,680.....+370%
08/23/07: Buy PCU Jan 100 call @ $1,150; Currently $3,580....+211%
09/04/07: Buy RIMM Mar 93.40 call @ $940; Currently $3,395...+261%
10/11/07: Buy FCX Feb 120 call @ $1,350; Currently $1,040....(23%)
10/16/07: Buy PBR Apr 95 call @ $550; Currently $890.........+62%

As you can see, not a lot of trading, but a lot of big, big winners. And that's just for the stock options. They also recommend commodity options. I don't trade commodities, but I have been following their recommended commodity option trades. Here is a sampling of trades they have recommended since I have been on their subscriber list:

Australian Dollar Calls +2,275%
Canadian Dollar Calls +319%
Crude Oil Calls +379%
Gold Calls +130%

As with the stock option recommended trades, what they lack in quantity, they make up for in quality. The cost of the service is $1,995 a year, or $200 a month, or for $99 you get a 60 day trial.

Options are risky, but the rewards are huge if you get it right. This service has been getting it right since I've been receiving their recommendations. Maybe it's a coincidence, or maybe they know what they are doing. I'm guessing and betting on the latter.

A

16 comments:

Anonymous said...

Allan,what percent of your trades do you rely on an adivisory service?
Thanks,Ron

Allan said...

Ron, that's a loaded question, with no easy answer. My work consists of scalping day-trades as well as more longer-term swing trading. Spread throughout are structural patterns that rely mostly on ideas and triggers, some of which come from various advisory services. For example, I know when Tobin Smith sends out an intraday alert to his 30K subscribers, the stock he is touting is going to pop 3-5% and if Louis Navellier adds a new name to his lists, it's likely to be a top performer for weeks to months. I know that stocks that break-out run immediately as well as longer-term. So I get these trading ideas from wherever my research says they are likely to be successful, whether for the next five minutes or next five months.

A

Anonymous said...

Bravo Allan:

Yes that guy did post a loaded question.

I've been reading your blog for months and love the free advice. It has been profitable and consistent and amusing and interesting to read.

Keep up the good work.

Leonidas
Southern Greece

Anonymous said...

Allan,kthanks for your response.What services offer the best picks for intra-day "pops"?
Ron

Anonymous said...

Allan:

I have just reviewed your website going back a while before I became one of your disciples.

Do you trade only using advisory services or do you use trading software as well?

If so, what software do you favour? Do you find that the mechanics of software is too restrictive and colours your good faith judgement?

Leonidas
Southern Greece

Allan said...

Ron, I admire your boldness. My list of services are the culmination of years of very hard work and perseverance. It is also worth a significant material price, if one could be put on it. Accordingly, I chose not to make it public at this time.

However, when I accumulate all the wealth I need, it's yours for the asking.

A

Allan said...

Leonidas, I pretty much avoid trading software since after years of doing this, I never found anything (with the exception of Advanced GET in the 1990's) that worked very well. That said, I am currently evaluating a singular indicator in Metastock that has caught my attention and is providing outstanding performance. I am on the cusp of integrating it into my trading, pending final results for October, 2007.

A

Anonymous said...

Allan:

Yes, we have GET here in Greece. It is popular as it "GETs" a lot of press. (GET the joke?)

I have not sampled it and I use TradeStation.Which is difficult to use and maintain.

May I assume that this "singular indicator" of yours is proprietary? Is it one of your own genesis?

Even if so, do you have any nuggets of wisdom for us in pursuing such a holy grail?

Leonidas
Southern Greece

Allan said...

Leonidas, The indicator is the RMO Template, not exactly a holy grail, nor is it my own, just an embedded indicator in Metastock. How I trade it, however, is proprietary, but I'll save that disclosure for another time and it's own Blog.


A

Anonymous said...

An interesting teaser to be sure!!!

Leonidas
Southern Greece

Anonymous said...

Allan,I think you can publish a great system in the Wall Street Journal and most people wouldn't be able to make money with it.In any event,thanks for the info on the options service.
Ron

Allan said...

Ron, you're probably right, but, why take the chance?

A

Anonymous said...

Out here we don't read the WSJ, just the Financial Times. So the point is moot. Is it not?

Leonidas
Southern Greece

Anonymous said...

A, When you mention a service such as the option service are you in any way compensated, ie. are you given a free subscription or discounted rate.

thanks

Allan said...

In the case of Intelligent Options Service, they sent me six month free for evaluation purposes, but I bought a second subscription to their stock service on my own, although I;m sure they would have given it to me for the asking. But this is rare, I usually pay the going rate when evaluating a new service and without the service even knowing who I am or that I write a blog and intend to mention the service if I'm incredibly impressed. There are a lot of services that never get written up-----because suck---and one that gets written up a lot--because it sucks big time--_Cramer.

Allan said...

In the case of Intelligent Options Service, they sent me six month free for evaluation purposes, but I bought a second subscription to their stock service on my own, although I;m sure they would have given it to me for the asking. But this is rare, I usually pay the going rate when evaluating a new service and without the service even knowing who I am or that I write a blog and intend to mention the service if I'm incredibly impressed. There are a lot of services that never get written up-----because suck---and one that gets written up a lot--because it sucks big time--_Cramer.