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For a new member, do you still recommend entering recent open positions?

There are two factors to consider in this question:

  1. How far away is the option price from the recommended buy price? If the option is in the red, meaning we have a paper loss, there could be an opportunity — but that opportunity would be at a lower strike-price, since that would give you a greater chance to profit.Conversely, if the option’s price is well above the recommended price, then there’s probably no reason to buy the option Jeff has recommended because the price will be more expensive and your returns will be limited.

How long do we have until the option expires? If we have just a few weeks left — say, less than a month — we’d probably not recommend you buy. If we have longer, then the option could still be a good position to own, so long as you apply the first factor above.



I am up $20,070 in closed positions from Feb. 18 through March 7.

- Bob Rowe

I started your system in December … I am ahead $29,000 … I put total faith in you and your system and it has worked for me very nicely. Thanks again I sure like your humble approach about this whole thing

- Dale Leiffer

I have made a little over $4,000 while being cautious.

- Chuck Goss