OPTIONETICS, does it work?

Question

I went for the free seminar and signed up for the course, now I am a bit apprehensive, I can still get a refund in 2 weeks time, can anyone share his/ her experience or opinion, please. Thank you.

Answer 1

I generally agree with the previous answer, up to a point. That answer ends with the sentence "If it is worth the money, or if you can get your knowledge from other sources is a question you must answer for yourself." This begs the question, if you know little about options, how can you determine if it is worth the time and money?

The answer, in my opinion, is to learn more about options before deciding if you want to attend the course. Option trading stategies are no secrets. You can learn them from books at a fraction of the cost of attending an Optionetics class. I recommend "Options as a Strageic Investment" by Lawrence McMillan and "Options Volatility & Pricing" by Sheldon Natenberg.

If you do decide to take the class, wouldn't it be better to have some background first so you can ask more intelligent questions during the class?

You should also be aware that based on what I have heard from others, one of the things you will be taught in the class is that to really learn the best techniques you should sign up for one of their more advanced classes for a few thousand more dollars.

Finally, the Option Industry Council has some free basc on-line classes at

http://www.888options.com/

as well as some free seminars. While the seminars will not teach you as much as an Optionetics class, they will give you a chance to discuss any questions and concerns you have with a live person well trained in options.

Answer 2

Let me first react to the previous answer, because it is rubbish. If you chose not to touch options, futures, and forex, because it is speculative, you clearly don't understand them, and you should not call yourself a sophisticated investor. The size of ones portfolio is not an indicator for sophistication.

Options are very interesting and exciting products and can be used for many purposes, including risk reducing strategies, income enhancing strategies, and of course also speculative strategies.. But yes, it takes some time getting a good feel for them, and I would encourage you to learn as much about them as you can, either through books, discussions with experienced users, and indeed good courses. From what I heard Optionetics is a reputable company, and I would expect you to get good training from them. If it is worth the money, or if you can get your knowledge from other sources is a question you must answer for yourself.

Answer 3

It is my feeling that these seminars are just infomercials to sell a product, and in this case it is a course.

I guess it is about options and futures market...If you are not experienced in ordinary investing , I would take the money back and not be talked into taking the course
Options and futures market are very risky, take a lot of money, and are really only for sophisticated investors.

I am a sophisticated investor, I have more than $1,000,000 invested in the markets, I have been investing for 40 years.
AND I WILL NOT TOUCH, OPTIONS, FUTURES AND THE FOREX MARKET