Hi all. I just joined up and starting my education and really like this site.
That said, I thought it would be great to add to all of this an options education.
Is there a simple to understand yet thorough site out there like this one but focusing on options?
Thanks!
abcincome
Got to cyclespreads.com. You can make 2.6% to 5% a month and that is it anymore and you will lose. Rocapco.com, River Oaks corporation is a single option service that does good. that is about it in options. I did options for 3 years and that is all I could find that makes consistant money.
Are you subscribed to rocapco now?
5ppw makes about 5% a week is the best deal in options. You can autotrade it but you have to have enough money to make it worthwhile as it costs 200/month and the commissions are high. They lost last week but they don’t lose very often.
Do you use 5ppw? Is rocapco also a good deal?
I am signed up with 5ppw. I will see if they make more than the commmissions and their monthly fee. I made 60 bucks last week but I got out of the spread myself, They did better on autotrade
Thanks so much everyone!
I will check out those sites for options education (I’m not trading yet) and hope that the information/education there is just as good as it is here!
How has 5ppw done the last couple of weeks (and this week in particular) with all of the volatility?
Trying to decide whether to subscribe or not. Apparently the price is now $239, up from $200 and previously $150. Also trying to understand if the data published on their website for performance is accurate as to what someone autotrading at thinkorswim, for example, would have actually realized. That is, there are no omissions of losing trades and the entry and exit prices are what autotraders received.
In performing some due diligence I found that these are the same folks that operate 10ppm.com (10 percent per month). They have had some big losers in 2010 but my direct experience with 10ppm goes back to 2007. I was a subscriber and they had a significant loss on a SPX 1475/1480 spread which was rolled from Nov to Dec but still ended up a loser. If you look in their 10ppm results you will see no mention of that trade or any other SPX trades that year. Worse yet, while all this was going on they sent a marketing email to folks on their prospect list of the great RUT trade they had just closed for a profit. All this while their paying customers were getting a beating. Sooo, I’m concerned about credibility issues. Any additional firsthand observations of 5ppw are greatly appreciated.
PS: The CycleSpreads and WickedProfits folks are straight shooters. You make 2.5 - 4% a month. WickedProfits took a hit earlier this year but made a change to their trading rules to hopefully avoid this again. I’m looking for some diversification and most of what I have looked at does not pass muster 
Other suggestions are welcome. Thanks.
What proof do you have that the 5ppw people are the same as 10% per month. I did not like the 10 ppm people. To me they do not sound like the 10ppm people. I noticed that the 5ppw folks post their results very fast, most providers don’t post right away and they delay posting losses. The 5ppw people had a loss this week but they admit it and post it. It seems like they wanted to make more money and did not end the trade and take a small profit.
I am going to make money this week when this weeks OEX option spread expires.
They seem to have learned from that and are being more conservative. I have emailed them and encouraged them to be more conservative.
I feel like emailing them and asking them af they are the 10ppm folks.
Just as I was getting a comfort level with them and now you say they are the 10ppm people. Maybe if they are they found a better way to make money with OEX spreads. 10ppm used other indexes like the RUT which is risky and they went longer term.
I added up the % for 2010 for 5ppw and it was like 200 plus per cent gain. You can’t beat that. Since I have been a member they have immediately posted their results. They have lost but it is infrequent and never more than 20%. If they did not lose occasionally that would be suspect.
Good to hear that 5ppw is doing well. As far as 10ppm and 5ppw being the same people I have not asked directly. However, on another site someone who is a member of both confirmed this. The web sites look very much alike and they are hosted at the same place with the same contacts. Look at the domain info for 5percentperweek.com here:
www {dot}who {dot} is/whois /5percentperweek {dot} com
and you’ll see the contact person is mike@10ppm. It’s certainly possible that they have learned from their experience. That’s why I am asking around before I proceed with them. Ultimately, results are what counts. Thanks for your feedback.
I emailed 5ppw and they emailed me back and they said 10ppm helped them set up their website and they were a “sister company”. whatever that means. They said they talk to them but they are a seperate company.I have a copy of their email if anybody is interested
I just would like a quick confirmation from a subscriber that 5ppw really places the trades they say and close or let them expire roughly as shown. If so, I don’t see much not to like.
Today I got a message from a 'mike s., from 5ppw, so maybe they are more than sisters. However, nothing wrong with trying a new approach, with new clothes, etc. I hope their (5ppw) track record is meaningful. Sounds tgtbt.
Hi - they are definitely the same service - they will offer you a discount if you sign up for both and I was told by email that the same trading teams operate both. Big fall for 5PPW last week but apparently going forwards they will use hard stop-losses to keep losses to 10~20% max from now on. Certainly hope so - will take 4 months to win back last weeks losses! Greg
I am so mad at them, lost so much of my money, they should have got out of the trade on tuesday but they did not want to have to have a small loss so they waited and got a huge loss. Hopefully they learned their lesson and they are implementing a new exit strategy. They did not even trade this week, probably too scared now. Maybe they went out of business.