Option Alpha

Seek option education here; make your own trades.

Hello,

I'm a fair person, so I'll be fair. The knowledge base that the owner/moderator has and what is offered for free is extensive. Any new options trader (or one with low capital) needs to understand that they will NOT replace their current income by writing contracts. The margins are so limited that the only profitable outcome is to gain knowledge and sell it, although this is a viable and ethical path with least risk.

Learn as much as you can seek out your own opportunities and capitalize on the explosive vi of long option contracts. Writing to turn 1k into 1.3k every year is illogical as measured in the human time-value with respect to options education, trading and managing negligible positions.

Trust Score

1.0

User’s Review Ratings

Overall

Best System for Option Premium Sellers Out There

Kirk at Option Alpha provides comprehensive educational material on options totally FREE. Other "trading education" sites are literally charging $1,000+ for similar options training, but without the same depth and quality that Option Alpha offers.

The Option Alpha SYSTEM is essentially a Net Premium Seller approach to options trading. Every trader should utilize a SYSTEM regardless, but Kirk takes the guess work out of it through his extensive analysis and research. You will know exactly how to find setups, place your trades and manage your positions after completing the Option Alpha courses.

If you subscribe to the PRO/ELITE MEMBERSHIP packages, you will get real time trades as Kirk places them with his own money. Within a few Option Alpha trades I took, I had paid for my subscription multiple times over.

Kirk has screened the market to create the Option Alpha WATCHLIST to identify only the most liquid options to trade in a uber-functional list format that you can filter these options for Implied Vol, upcoming earnings, and even suggested trade strategies.

The Option Alpha SIGNALS report is one of a kind, a must read for traders of all stripes. The report was created through extensive back-testing research of the biggest Technical Indicators to find the most predictive indicators and the exact settings for the indicators.

Finally, the CUSTOMER SERVICE is unmatched. I've emailed Kirk with questions probably a dozen times and received a personal response within the SAME DAY (even before I had purchased anything from him) every time. It is clear that Kirk puts everything he's got into Option Alpha.

All things considered, Option Alpha is a one-stop-shop for anyone who wants to get into option trading as a Net Premium Seller. Kirk offers something for everyone from the novice to the advanced trader. Option Alpha is the real deal and I would highly recommend it to anyone interested in trading options.

Trust Score

1.0

User’s Review Ratings

Overall

A simple, but powerful approach to trading education

Option Alpha gave me the tools I needed to start trading options for myself. All of the content is laid out in a way that is visually appeasing, and easy to navigate. The content has a very relaxed, no rush, attitude so members don't feel they need to jump head first into the market. Option Alpha provides a sound theoretical, but contemporary, approach to trading for the individual. Members will learn the best of classroom knowledge, but more importantly how to apply it in actual trades day to day. I had an unparalleled experience with the free videos, book "Signals," and Kirk's portfolio text alerts. I recommend this site to anyone that wants a no rush, simplified, and relevant approach to trading options.

Trust Score

1.0

User’s Review Ratings

Overall

Excellent Training and Service

I have been a member for a year after visiting the free content of the site for several months. I have learned a lot about Kirk's method, both theoretical and practical thanks to the essential collections of videos and checklists.

As a member I have made 5-10% profit with a 10 000$ account with a consistent way with small positions based on the alerts from Kirk. The weekly strategy call, webinars and Q&A calls worth gold for me and I can recommend the new functions and sections of the site developed and implemented newly as well.

Trust Score

1.0

User’s Review Ratings

Overall

16 months and 34%

I have waited more than 16 months to post a review for Kirk and Option Alpha and I see many others here who seemingly have done so before really learning what he has to offer. After 16 months and hundreds of trades I'm happy to report that my account is up about 34% since starting his service. Yes it's a little pricey (currently at $47 per month) but well worth the investment given the education I got. What I've failed to see from others who comment here (not to take away from their opinions in any way at all) is that they just don't give options trading enough time. Quick trades and quick profits is what everyone expects but it's not the way I've found success as Kirk has described countless times. With options and high prob trading it's about being steady in making the same credit spread trades over and over for the long-term. Were there losing months (yep for sure) but after 16 months things have been on the steady increase overall and that's the key takeway here. I give kirk a lot of credit.

Trust Score

1.0

User’s Review Ratings

Overall

Slow poision

There is a popular adage that "There ain't no such thing as a free lunch". Applies perfectly to this service. Free trial service and then jut $25 going forward are all bait and switch techniques. His service is a slow poison that kills you unsuspectingly as you admire his knowledge of the options world. Let me lay down his plan. I'll tell you how you would loose money without even realizing until it's too late.

Kirk is very knowledgeable. I'll give him that and he knows a lot about option trading. Most of us understand puts and calls. But, when it comes to Iron condors, Butterfly, Straddle, Vertical roll etc, most of us are oblivious and that's where he gets you. You will loose on an average $300-$600 per month on a $5000 investment. I stayed with him for 6 months and lost about $2500. He will send out 3 to 6 alerts and so you’ll chasing his moves all the time and won’t have time to research or else fear missing the move. In his videos, he’ll brag about his winners which would mostly be $10 to $25 profit and then one in a month he will throw in bad trades and you’ll loose $700 to $1000 in just one trade. I lost $700 on X (US Steel) and $400 and LNKD (Linked In) just to name a few. You would assume that since the profit is so less, loss will be limited too. But, that’s not true. He’ll make a trade and then start selling naked calls and your broker will not allow you to do so unless you have $20,000 or more in your trading account. You end up losing and he brags how he got away or reduced his loses. He you try to ask him for help he is very rude and won’t even respond to your email so respond in some trade lingo that you won’t understand.

I believe he works for the broker (TDA). I paid almost $1500 a month in options fee and still lost money. I believe he gets commission from the broker that he uses for each trade we all buy based on his recommendation. Don’t waste your time and money. You’ll loose your peace of mind and your money trying to mimic his trades.

Trust Score

1.0

User’s Review Ratings

Overall

The Walt Disney Meal plan there is always something to eat!

I have interacted with numerous newsletters in the investment arena but Kirk is the most genuine and hands on of any I have ever encountered. I refer to it as the WDW meal plan because not only does he provide solid recommendations that are conservatively played with interpretation and charts but he offers material to take traders to the next level. Most of the newsletters I have subscribed to over the years respond to me via their customer service desk. Great service and looking for great things in 2014.

Trust Score

1.0

User’s Review Ratings

Overall

Excellent Mentoring by Kirk

Kirk is a switched on Options trader . Have just started his mentoring service and he can give you no frills advice on how to be a successfull trader. He has done all the hard work and is a great teacher explaining how to place high probability trades. Wish i would of found him many years ago. For me, one on one mentoring far exceeds buying courses and being one of thousands. Money well spent

Trust Score

1.0

User’s Review Ratings

Overall

Just signed up and ran the numbers...

Im mainly interested in Credit spreads. Once you do a free 30 day trial you get access to the trade alerts in the members area.

I ran the numbers on all of his credit spreads in 2013:



10 total trades

7 winners

2 losses

1 rolled for credit

two losers are what stuck out to me. most of his winners are net .20-.25+ credit after closing them. so thats two trades and two commissions.

However, his losers are both almost triple the average gain from a winning trade.

DIA 141/142 call spread on 2/4/2013

-.60 loss after it was closed

EWZ 45/44 put spread

-.70 loss after it was closed

troubling....



I ran a simulation:

allocating $500 max per trade

5 contracts for most of the trades since the require $100 per margin except the google trade

$1 commisions per contract with no ticket fee (my rates at TOS)



I came up with = -$167 total loss for 2013

thats with one trade open since it was a roll. that will for sure be closed for a loss since it was a TLT put spread 112/111



This to me is unreal. Maybe this year is just an anomaly???

I have 30 days in my trial and I will observe the spread during that time for everyone here.

Trust Score

8.6

User’s Review Ratings

Overall

Ok

Kirk tends to trade ticker symbols rather than stocks. This probably works in day trading but has some perils in longer-term plays. He looks for high implied volatility to sell a credit spread on (his service now focuses mostly on credit spreads). He does not seem to use Greeks to manage risk.

I gave the service very low marks for frequency because he only has about a dozen trading ideas so far this year. He suggests you put no more than 3% or 4% of your portfolio into one trade to control risk. Given the short time horizons if his trades, this means you rarely have more than 10% of your portfolio invested in his system. You either invest more than he suggests of find another system to compliment his.

As an alternative, try SteadyOptions. It is an open system in which members discuss the pros and cons of trades before they're made. There is a lot more discussion of managing risk through Greeks, and there are plenty of trade ideas. You do have to think more for yourself with Steady Options so it may not be for everyone.

Trust Score

1.0

User’s Review Ratings

Overall