Options trading stripped to its essentials: profits
I've been with Lucci's for almost 1 year now, essentially when he was featured on Timothy Sykes website.
1) Focus tends to be on weekly options (although I personally think Lucci is a better swing trader)
2) Calls and Puts only, NO fancy spreads
3) No real discussion of greeks (at least in the traditional sense), but we do keep an eye on time decay (especially for weeklies), "too expensive" and other concepts which relate to the greeks.
4) Sound scary yet?
5) I don't think Lucci has discussed risk management outright, but remember the only thing you risk with buying options are the premiums.
The site and the alerts are not for everyone, these trades come very quickly and the executions must be just as quick, because as the underlying financial product makes a move the option will make a move that is many multiples of the underlying.
Now that Lucci has created a tiered system (I thought the caste system was eliminated in India), alerts is basically 2 things: Chatroom and trade alerts/watchlist.
the chatroom gives more value than can you can imagine. Firstly, people who trade options are typically not beginners (they've scraped their teeth on equities already) and the ones in the room are basically that; well seasoned. Such that the chatter (when it has not degenerated) is kept at a high level. Additionally, you get to see what others are playing in the options world. Everyone has always offered critique that is real and exercisable (which has been invaluable to me).
If you're not in front of the computer when these alerts come through, this may not be the product for you.
The watchlist is great for understanding what MAY make a trade work through Lucci's eyes. This is a great insight into a successful trader's setups. And if the setups don't work, and a great trader will know, perhaps its time to take the other side.
Before the tiered system came about, we used to get videos and education in 1 package; now its on the premium subscriptions - which I may be switching to; because there's still lots to learn. I've learned so much through chatroom that I can say the price is reasonable if not cheap.
As of this writing, my options account is up 100%. I started the year up and down 20%, but recently I stringed a few successful >100% return trades together, never risking more than 10% of capital. I trade part-time and work part-time. I've only traded options, after joining the chatroom.
I forgot to add, Lucci's best lesson for novices and seasoned traders is his ability to sit out of trading (sit on your hands) and get out of a trade (regardless of whether he's in the money, breakeven, or losing). And when you're ready, you can GITA.
Some people want the fish and some people want to learn to fish. Because of Lucci, I'm a fisherman.
This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.