Optionrun

Free trial turns to membership without my conscent

I cancelled this service back in April of last year and I did not get my refund back. All of a sudden, I get an email about a free 30 day in January of this year and they put me on their alert list. Last month, I got a charge for the membership. I hope everyone reading all these reviews will get a HINT.

Trust Score

1.6

User’s Review Ratings

Overall

Avoid. Risk of performance manipulation.

After 3 years testing several services and having them autotraded through Global Autotrading I experienced with Optionrun something I had never seen before.

On 23rd May I got an alert to exit a call trade on FEYE with high profit. The problem: the opening trade for this trade had never been received... Global Autotrading also confirmed not having gotten any opening trade alert from Optionrun. Both myself and Global Autotrading asked Optionrun to resend the original opening trade alert. In vain.

After 2 weeks of permanent losses (the so-called "Run", unfortunately in the wrong direction...), this FEYE trade brought allegedly more than 60% to the subscribers.

I asked for the cancellation of my 3-month subscription and for the reimbursement of one month, as I was only 2 months in their service (and lost a lot of money). No response on this request either.

Their track record has not been updated since beginning of March, point of time where they started to make many losing trades.

I assume the FEYE trade will embellish their track record in May. It is more than questionable if this trade has ever been issued. Even if the missing alert was linked to an "email issue" on optionrun side, which I strongly doubt, there is a lack of professionalism in this service.

Furthermore there is definitely neither "education" nor visible strategy in their trading.

Avoid by all means.

Trust Score

3.9

User’s Review Ratings

Overall

What more can you ask for?

I registered for this service looking for quality trades. Did OptionRun provide me with quality trades? Yes!! I could not ask for anything more in that they provide me trading opportunities that work! They never will exceed 4 open trades, and with me allocating 10% into each trade of total account value my risk is minimal.



OptionRun has provided me with an exceptional start to 2013 and this is the only reason why I would bother writing a review. It's the least I can do.

Trust Score

1.0

User’s Review Ratings

Overall

Thrilled

I personally autotrade their service with TD and I for one can say that over the last 4 months my returns have been my best yet in the 12 years of trading that I've been involved with. I cannot comment on anything else but I will gladly pay $100 per month for these returns. They do not overtrade or chase, which I applaud, and always monitor the position and seem to exit at the best time for maximized gains. Again, thrilled with them!

Trust Score

1.0

User’s Review Ratings

Overall

Annualized 2.93% return per year based on monthly avg return

This is partly due to my stupidity of getting roped in... for the 3rd time, but it is what it is. They love to comment on how many winning runs they have...which is great but they fail to mention their lossing runs as well. Unless you can withstand looking at 40-60% losses in your account then you may want to steer clear. Once you sign up for their service they give you what their picks have been in the past (since 2007) do yourself a favor...ANALYZE IT. After reviewing avg gains for months closed on positions you will find that (as of Feb 7, 2013) they have made a cumulative 94K from 2007 Assuming a 10K investment amonth. But it took 620K to in purchases to do that. Which means since inception they have made 15.12% total... Annualized that is only 2.93% per year...Sorry but if i am risking up to 60% of my purchase it is not worth 2.93% a year. Our stock system produces 3-6% per month and we just buy stocks!

So in my opinion if you get a promotion, go ahead and do it...but before you trade, analyze their most up to date alerts results first... and then decide then. For us it isn't even close to being worth the 99/mo for 2.93% return per year.

They are also not very consistant on how many trades they send out a month, it is all over the board therefore it is hard to determine how much to "wager" on each position. We used $572 per position (which is the 620K / Total # of trades since inception. (using this senario the return is actually 2.34% vers the straight 10K per month.)

All together I would say with their service we lost about 5K from subscribing and the trials that we have done.

Trust Score

1.0

User’s Review Ratings

Overall

Monitor Your Own Account

Go to their FAQ. You will read that you have to monitor your own account. What that means is you can't tell them to cancel your account at the end of your billing cycle. They cancel the day you call them, no matter how much time you have left on your subscription. So if you want to be able to use your subscription for the time you paid for but then not renew, you have to call them the day it expires. Of course if you don't remember to call them that day, you get charged

This is the only newsletter that I am aware of where you couldn't tell them in advance not to renew you when your subscription ran up. Since they put it in their FAQ I would guess they get a lot of complaints about it so they want to be able to say you were told that's how they run it.

In my opinion: STAY AWAY!!!

Trust Score

1.0

User’s Review Ratings

Overall

under-hand business practices and a joke of a business

I used OptionRun for 1 month in 2011 (I believe it was August). I didn't like the service and cancelled. About 2 weeks ago, mid-December 2012, I received an e-mail from them about a 2 week free trial. I ignored the e-mail because I didn't want to use their free trial. I didn't log into their website or access their website. I just got a charge to my credit card from OptionRun. They have no contact us page on their website and the phone number associated with the charge is "conveniently" a wrong number. Another number I found online was out of service. When I did finally find the working number, there was no answer and I have since had to leave 4 voicemails that have not been responded to. That's 4 voicemails and 3 e-mails and not 1 response. Yet I keep getting e-mails about the trades they are entering and exiting.

I now have to contact my credit card company and change my card information. They shouldn't have my credit card on file from over 1.5 years ago and they definitely should not have charged my credit card with no authorization.

STAY FAR AWAY FROM THIS WEBSITE AND THIS SHADY COMPANY. Seymour Financial, LLC. is a sham and I can't stress this enough. Do not sign up for this website.

Trust Score

1.0

User’s Review Ratings

Overall

They would'nt authorize my [email protected] autotrade broker

I had a two week trial at optionrun. I opened and funded account at an autotrade broker. I set it up to autotrade optionrun. When checking the status I read a notation "waiting for autorization" from newsletter. After a couple days I sent optionrun a friendly reminder email. No change. The next day I sent them another. Still nothing. On the next day I called and left friendly voice mail. Its now been a week since my account has been open and funded. Waiting for authorization from optionrun to begin trading. I do'nt know what you can say about a company that acts like that "unprofessional" "incompetant" do'nt seem strong enouph

Trust Score

1.0

User’s Review Ratings

Overall

Cattivo servizio

Le performance non sono veritiere,per 2 volte ho notato che hanno "dimenticato" due trade negativi,guarda caso.

Ma non sono contento del servizio e dell'assistenza,per due volte ho chiesto di recedere dal'abbonamentoo e due volte mi hanno addebitato sulla carta di credito l'importo per tre mesi.

Nella richiesta di spiegazioni sono stati assolutamente scortesi nella risposta e non hanno provveduto al rimborso. Quando gli ho spiegato che avrei lasciato dei feedback negativi mi hanno risposto con sufficienza e sgarbatamente che questo no avrebbe aiutato il mio caso. Era il 25 maggio,sperando che,visto che c'era un "caso",ne avrebbero discusso o valutato,invece fino ad oggi non ho più ricevuto nessuna notizia

Vivamente sconsigliato

Trust Score

1.0

User’s Review Ratings

Overall

Valuable but...

I've been with OptionRun for a little over a year now and I honestly believe they are highly entertaining. I've been through a few rough patches with them (Aug10 - Sep10 and also May11). However, they are by far the most accurate i've encountered based on the volume of trades they generate. As a subscriber i've learned to be very strict with money management in following their trades. Once I see a "run" thats typically when I will push my trade allocation a bit and try to profit just a tad more then usual. I do have to say I've done well with OptionRun, in fact between October of 2010 through March of 2011 it was unreal but when a losing streak occurs, and they do, then learn to pull-back and wait for the next run. If individual does not work proper money management and keeps the same allocation through these cycles then they will get no where.

One complaint I do have is the number of trades produced at times. But I guess this is why I pay a subscription, for trade ideas. Another complain I do have is the stops. I understand they deal with rather cheap option contracts at times but if there stop loss was say 25% then the profits would be much more. So the best advice I can provide is work your own stops! It has worked very well for me.

Overall I do indeed love the service and what they provide. I have had success but implament your own tweaks for better profits. I now only care about the alerts they generate and I use my own judgement and analysis for stops\targets. The alerts are what makes this site valuable. Over the last year the success ratio is unmatched in my eyes. Hope this helps.

Trust Score

1.4

User’s Review Ratings

Overall