Option Pundit

Cannot recommend anymore

OptionPundit used to be very good service, but something bad happened to it lately.

Manoj is letting his market opinions to cloud his judgement. he had couple big losers this year (I believe one or two 100%) because he refused to adjust the SPX trades based on his bearish view. His performance reporting is not transparent at all. He claims to base the performance on members fills. But this opens it to manipulation. For example, he recommended to close the GOOG trade before earnings. The results would be 20% loss if following the recommendation. Some members missed the alert and kept the trade through earnings. After the stock did not move, some closed the trade for 97% gain. This was pure luck and against clear alert to close it a day before. Yet, he recorded the trade as 97% winner.

There are few more examples to track record manipulation and misleading. For example, he reports 37% gain in May 2014, but he used only 18% of the capital, so the real return on the 10k portfolio was 6.7%. This fact is mentioned on the members forum, but the main page reports 37% gain which is complete BS.

It looks like Manoj is busy now with charging thousands of dollars for his seminars, and optionpundit became his secondary venture. The forum used to be fairly active and provide some useful info - not anymore. Very few members participate, and responses are delayed or not provided at all.

Cannot recommend this service anymore.

Trust Score

3.0

User’s Review Ratings

Overall

Humble and professional, highly recommended!

For newbie and experienced option traders, OP adds value to all that you think you already know and does it in a professional and humble manner.

The most memorable experience so far had been following him through a series of trades that turned a losing trade into one that is profitable at the end! Albeit with some dose of good luck, I prefer to believe OP knows what he is doing and does it extremely well.

In a nutshell, highly recommended!

Trust Score

1.0

User’s Review Ratings

Overall

A First-Rate Service

This must be one of the best-kept secrets around. Option Pundit is a fantastic service for both the novice and seasoned trader, consistently profitable and a great learning resource as well.

OP has a deep understanding of options trading but never loses sight of the overall market picture. Trades are done as part of a portfolio so that our risks are managed and non-directional. Usually there's a "plan for the day" sent out first thing in the morning, and often the trading alerts are sent out before market open as advance orders, occasionally with conditions attached in case things don't play out as expected, so we can avoid entering unfavorable trades. The alerts themselves are very detailed and include suggested limits based on present prices so they should be achievable, and he typically adds a "don't pay more than.." which is really helpful.

The portfolio approach is a bit different, as often we'll open a position to start and then add to it over the next few days, but it's nice knowing it's all part of a larger plan of action. Adjustments are signaled with plenty of time to act on them and I find that generally the members seem to have no problem getting the prices suggested. There's also some speculative trading ideas posted that members can choose to follow.

It really is like having a coach and mentor alongside, but members could simply wait for the alerts and follow along since it's a very simple system. And very profitable; the trades entered into seem to be high-probability ones and so there's less stress trying to angle for every last penny in getting filled. Highly recommended and a bargain for the price.

Trust Score

1.4

User’s Review Ratings

Overall

Worth a Look

I have joined quite a few sites over time and can tell quickly which ones are run by someone just putting up a site to catch a few fish along the way and those who really have a passion for what is going on and the trading offered through their site. I joined OP for a few months and quit simply because I did not have the time to dedicate to the trades, emails, and management as promoted. I think they are a good service for option selling and would be one I would rejoin if I ever got back into the selling/credit side but I just don't have the time or patience at this point. I have found a few (very few) sites on the directional (debit) side for options trading which is much easier for me to manage and producing consistently so I am sticking with that approach for now.

I am not going to grade them on performance because I didn't follow along as well as I should have but can tell from an "inside" look that they know what they are doing and provide good information and education concerning their trades. In addition, they definitely seem competent which is more than I can say for most sites out there.

I would recommend this site for those with some time to dedicate and looking for credit plays.

Trust Score

1.0

User’s Review Ratings

Overall

Worth the Price of Subscription

To those who are visit OptionPundit may have difficulty when figuring out what it is they're offering. OP is a newsletter subscription service for options traders. They provide Income Strategy and speculation trades, with adjustments where applicable. OP support stands behind each trade - they're quick to answer questions about how to use the strategies. A subscriptions is reasonably priced considering a reasonable degree of profitably compared to the mess of knock-offs out there. I definitely recommend it and use it as one of my primary resources for Options trading.

The only negative I can think of is that the site can be slow if you're in the UK (I had difficulty checking out the forum while on vacation last month).

Trust Score

3.9

User’s Review Ratings

Overall

Terrific Blog for Traders

Very informational. I like the stats and the financial info given on this website. The website can only help you, especially if you follow the markets close like I do.

Trust Score

1.2

User’s Review Ratings

Overall

Very consistent results, excellent risk management

This is without doubt the best options newsletter I know. Its main focus is on income option strategies like condors, calendars, double diagonals etc. It provides a Complete Trade and Risk Management plan. The results are very consistent, with only two losing months in more than 3 years. The average return is about 7-8% per month. The risk management is excellent.

Trust Score

10

User’s Review Ratings

Overall