Something to know about Option Smart

[traderdon56]

So I signed up with OS to have my account auto-traded, using their Credit Spread system. Many on this forum had sung their praises, and they have a 100% winning record.

But last month the Option Gods weren't smiling on most of us, as the markets took a beating. Many other services reported losses ranging from 20 to 30% for the May options.

But not Option Smart. They used something called a "rollover". And even though my account took a good thump, they're not counting it as a loss!!!

I now understand how they have garnered a 100% winning record....they cheat.

Don-

 

[riskarb]

Then the advertised record is in violation of SEC regs. Rolling-over a losing position still books a loser. Report 'em.

 

[traderdon56]

Quote from riskarb:

Then the advertised record is in violation of SEC regs. Rolling-over a losing position still books a loser. Report 'em.

That might be worth doing.

Electric...you've been with OS for some time now, have you seen this "rollover" trick before?

 

[Tums]

when someone advises you to risk $3 to make $0.5, you know what they are made of.

 

[yip1997]

They are not option smart. They are marketing smart.