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OptionGenesis

www.optiongenesis.co..
Category: Newsletters
Option Genesis has found a strategy that is very effective for option trading. Option Genesis was established on Feb 2005 but initially we target for large capital clients only. However, we got overwhelming response from our clients because our strategy really works so we open for everyone. We provide option strategy analysis and research market data, managed by group of professional traders.
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OptionGenesis Review
I just subscribed 15 days free trial option genesis yesterday. I received 2 picks by email yesterday and I have ordered this options thru my broker (btw i'm using optionxpress). I'll update this review once i close these positions.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Msrinivas La Jolla, CA

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Best option advisory with good results
This is the best option advisory. It is cheap and very good signal.

I started to subscribe in Feb, I traded most of thier signals. Every month performing well except june. Hope performance will be better this month. I'll update my review at end of this month.

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JosephLee Singapore, Singapore

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Good Option Advisory services
I'm a subscriber since June 2010. I'm not a sophisticated investor and don't really like to technical analysis. So i was looking for a simple system and easy to follow while still doing my day job .



Good:

- Good picks, mostly can make some profit

- 2 picks per week

- Relatively very cheap compared to other advisory

- Picks sent thru email and i can receive them from my iphone

- Suitable for those who have full time job like me and dont have time to monitor



Bad :

- Only 2 picks per week.

- No technical analysis revealed



So far this site is really good for me. Please email me ([email protected]) if there is any better option advisory.

Thanks.

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Brandon45 Plano, Texas

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Very accurate picks if you stick to the plan
I'm a professional option trader, I was looking this kinda services for very long time. Most of the signals are profitable. Very cheap compared to other advisory services. Value for money. The only downside is there is only 2 picks per week. I normally do more than 20 trades per week.:)

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JackSpenser Chicago, IL

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Good picks but slow email reply
Just started to use option genesis service since Jan 2011. The website looks daunting because too simple, result is too good and relatively cheap compared to others. But once i trade their picks, i managed to get good result. I don't 100% relied on their picks, I did my own homework too.There are some losing trade but most of their picks are profitable. However their email response is slow. But i'm still happy as long as i'm not losing. I definitely will recommend their services to everyone.

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Lenore California

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Questionable recommendation service
Relatively new subscriber, but enough months under my belt to give a good idea of what this service is about. Two significant negatives - their updated-monthly trade results on their website do reflect the trade entries they recommended, but the performance results are nearly pure fiction - deceiving at that. Second, they never answer ANY emails. For those of you who decide not to continue after your 15-day trial, good luck getting them to not charge your card (perhaps they do read the emails and will do that one thing). Their site is registered to someone in the US, but the server is in Southeast Asia, and the recommendation emails come in oddly-phrased English.

How are the published results deceptive? In one (of many) case(s), their profit figure could only have been obtained if the trade was entered right at the open, and closed right around 3 hours later. Now the problem is they don't send the recommendations out until more than halfway through the trading day (4-5 hours). This particular trade would actually have resulted in a complete loss, or whatever loss your stop-loss is, although the only actual trading instructions they give, on their web site/FAQ, is "So we don’t recommend you to use stops". You won't receive any actual position-closing suggestions from them, or any email other than just the recommendations.

Now, about those recommendations - they are vague. They give just a buy limit, and mention a 'hold' period, usually four days, and a target gain, usually 40%. How long do you keep trying to buy the option at that limit price, if it's not hit in the first day or so? If, after getting into the position, do you hold it for 4 days max, then close out if the price target hasn't been met? They give no guidance. And during the expiration week of each month, they give new recommendations, with the vague 4-day hold period and buy-limit, for OTM options that will expire that Friday. They also put you into calls just before and thru earnings announcements - not always a recipie for success.

All that said, I have had several good winners - their price target is always 40%, but their website results claim an average gain much greater. On the winners (which are fewer than their results), I've been averaging around a 40% gain on each one, usually achieved within 5 days (I have to ignore the 4-day hold advice). Their recommendations seem to try and predict a short-term/intraday pullback, hoping the stock will rebound and take a quick 40% gain. On several trades, it did work just that way.

But the options that end up being 66-100% losers (again, there's no guidance from the company on exiting positions, and it's not real clear how long you should hold positionos) are so far eating up all profits (and then some). I'm trying to identify patterns in their recommendations to better predict which positions are likely to be the better trades. If I do that, or if the darn company ever responds to an email from me, then I may have good overall results. So far though, it's a questionable service. And don't for a minute believe those website results.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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May not be a scam...
Struggling to get any response to my emails from the service provider. Having said that the results have been quite good so far - enough to tempt me past the trial period into a 1 year sign-up. Hope to report back to this forum a little more fully after a more extended trial. Would be grateful to know of any other user experiences. Greg

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It is a scam after all
I have read the very careful reviews done subsequently to my first review, which I am replacing with this. I have come to the opinion that I was just lucky not to have lost significant money on this system (I was trading it in a strongly rising market). I have given up trying to contact the author (website registered in Malaysia) and I trash all his emails now. I believe that it is a scam after all and a waste of $400 dollars. There are so many quality systems out there - what a pity to waste time and money on this one! Greg

This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

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Displaying 1-7 of 7 Total Reviews
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