One of the biggest scams
This is an options service that gives calls/put recommendations. Looking at their track record in the last 4 years, you see an average return per trade of 25-35%. They make 10-15 recommendations every month and average holding period is about 10 days. They suggest entry price, target and stop loss. They even offer the following money back guarantee:
“WE GUARANTEE that our option trade selections will provide opportunities for a total NET GAIN EACH and EVERY MONTH* of your active subscription period or we will REFUND 100% of your initial SUBSCRIPTION COST…
Looking at their track record, you can see that they calculate returns in the following way:
If the price hits the target, then the return is the difference between the entry price and the target price. If the target was not hit, the option at some point is stopped out. In this case, they calculate the return as the difference between the entry price and HIGHEST CLOSING price recorded at the closing bell during the ‘active’ holding period.
Achieving those gains requires perfect hindsight looking backward from the closing dates to the purchase dates. Promising money back guarantee based on those results is even more misleading and smells like a fraud. In fact, looking at their track record, you can see that only two options reached their target in 2010. I recalculated the 2010 performance based on the stop loss and instead of 24.36% average gain you get 8.17% average LOSS. In fact, when calculating performance this way, every single month in 2010 was a losing month.
Bottom line: performance numbers are a complete scam, and the real numbers show average loss in every single month.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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