anyone subscribe to steve sarnoffs option strategy, any good?

Answer 1

Why is that Sarnoff name familiar?

what is his option strategy?

There are tons of strategies with options. The only problem is some people get lucky a couple times and come out a winner. They think that they have a killer strategy and then it blows their entire retirement in less than a year.

Options are great if you understand them. If you are a novice in investing or are anywhere close to being considered a speculator, options are out of your league.

Answer 2

Steve Sarnoff is a very famous options trader. He has a long record of playing options in stocks that come out winners over 90% of the time. Of course, that is what he says in his pitches and, since he has a good reputation, there is no reason to disbelieve him.
Perhaps, though, before you plunk down a thousand dollars to get his stock option tips, you should play with options yourself, on paper (i.e., computer...). There are many sites that have paper trading accounts for you to learn by. http://www.optionsXpress.com is one of them.
Options are a lot less risky than people think, when you are thinking long-term trends. When you see stocks starting to move downward, they most often stay moving downward until something prompts them to stop. Many, many stocks are coming due for some put options (the price is going to fall significantly...) that expire in September, October, November and January- namely Apple Computer (AAPL) and General Motors (GM).
Go to your favorite site and look up the option chains for these stocks on the Put side, then watch as the value of those puts increase. See? Now you're paper trading!
Best of luck to you!