Complaint: This high-risk option service is a scam. There are no follow-ups on the recommendations. Most of the picks are highly risky (bio/pharma stock, cryptocurrency stocks, 3X leveraged ETFs) which make it very difficult to get filled. The weekly email is sent over the weekend with recommendations based on Friday closed. Many times (certainly in the last few months) the market open violently up or down which make the recommendation almost irrelevant. They provide a stop loss as a guide but they consider the trade as a win even if the stop-loss was triggered but then later recovered and the option expired worthless. Overall, you need to be a highly skilled trader to follow and succeed with such a service and you are certainly on your own if those high-risk stock turn against you (LongFin, Kodak, Idra are just a few their recent recommendations).
Tags: Investing in Option Strategies
Address: 48 Wall Street, Suite 1100, 11th Floor NYC, NY United States