In all honesty, I can confirm that your indications were correct and that really SJ Options offers something which clearly goes beyond, far beyond the top education in the sector.
options trading education for fund managers
In all honesty, I can confirm that your indications were correct and that really SJ Options offers something which clearly goes beyond, far beyond the top education in the sector.
A CLEAR EDGE OVER ANY OTHER OPTIONS SOFTWARE
The visual nature of your software provides a clear edge over any other options software I have seen. I feel like I only saw the tip of the iceberg. However, I saw enough to recognize its virtue.
I have worked in Institutional investment management as an equity analyst and portfolio manager for close to 15 years. I had been studying options strategies for 18 months, and even though I have been trading for only 3 months, I had been disillusioned by the POP methodology.
Your volatility focus and emphasis on second order Greeks clearly distinguishes you from the present mainstream.
I am a member of SJ Options and very happy with the service. This is my 1st post here, so assume all the caveats and suspicions you want. But I wanted to post this because, like most all of us here, I have been looking for a great options program for a long time and I think this is it.
As background, I have been trading a 6 figure option account for about 5 years. I am early-retired so have the time and energy to watch/study the markets. I have spent significant $$$’s for on-line education and services, probably in excess of $10k per year — but am too embarrassed to figure out the real numbers and the total. I’ve been through Simpler Options, SimpleOptions, TheoTrade, OptionAlpha (which I still really like), OptionBox, OptionGenius, tastytrade (which I also like) and many more that I have forgotten or am trying to forget. Had some early success (probably market related!) but it has been tougher over the past few years.
The usual pattern for theses services is that they offer you stock picks in the midst of some training and education. Every one of them seems to fall short vs the target returns they promise — usually because the trades really aren’t that good, they consistently get better fills than I can, or the head trader is so skilled and has some internal genius that I can’t replicate (John Carter and the tt guys are this.)
I have never found a way through one of these services to trade that has a style I could learn and replicate, that seems capable of making money consistently, that works well in all markets, and that doesn’t force me to stare at the screen all day and night waiting for the next move. And I need to keep my blood pressure down!!!
Until I stumbled across San Jose Options and Morris Puma and his small gang.
Morris has developed a way of options trading that meet all my criteria. I could learn the system, it makes money consistently, and doesn’t require tons of management time.
For me, it has been great. I bought an expensive 2 year package deal, but made that back within the first real-time month on my account size. I know now I can trade this system for a long time. I UNDERSTAND how it makes money and can replicate it on most any stock/ETF/index with large open interest. I see how I can make more money, on fewer positions with less risk than I have before. Best of all — better sleep and lower blood pressure!
Yes, there are some “unique” things about SJO. You have to sign an NDA. You won’t get amazing customer service for all your questions. The training materials can be challenging and aren’t as neatly prepared and packaged as other companies. Some of the software can be cumbersome — but very unique and helpful. Using and translating the system into your preferred trading platform WILL be difficult. This, in many ways, is just a startup company — small staff, limited resources, “unusualness” like the NDA. Don’t expect the hand holding and active forums you get with a larger organization. This company’s expertise is not marketing, but a unique style of trading.
A few comments on Morris… I think he is something of a trading savant, creative and brilliant. There are people out there who might trade the way he does, but I am certain they don’t understand it the way he does. He is not the best communicator, not the best trainer, so sometimes it is difficult to “get” what he is explaining in his materials and videos. But, patience is a virtue, and you will “get” it. And, regarding his track record of something like 149 out of 150 winners over the last 4-5 years (or whatever he claims), absolutely true. No gimmicks, and, as a member, you can look and learn from every one of them — day by day, adjustment by adjustment with Morris’s comments. No one else provides similar historical trade perspective.
So, if you want to learn a trading system that you can use and have confidence in, take the SJO demo and see what you think.
Last comment. Again, I am not a shill for SJO. Consider this a piece of mentoring and my “paying it forward.” When some traders find something that works, they tend to protect and hide it…as if somehow sharing will hurt their profitability. I’m not worried about that anymore.
I bought a 2 yr package. Regardless, worth every dollar. Great at helping you pick certain setups on option candidates. It also has very unique backtesting and analysis capabilities. Once familiar with it, OptionColors makes TOS look like amateur night. I have never seen tools like it anywhere. Morris has built into it capabilities I just haven’t come close to seeing elsewhere. He just thinks way, way out of the box. i know this sounds like exaggeration, but if you lose money with the SJO method and tools, you will have no one to blame but yourself.
Thanks Guy for sharing your SJ Options and OptionColors experience. I really appreciate the kind words you wrote for us. Morris & Company
UP $16,000 ON $3,000 MARGIN
Mr. Phan writes, “The December 16 trade looks good, margin is only $7K and up $488, incredibly effective use of margin. I ran the same December trade in August, and the trade is up $16,000 on $3K margin.”
Later he writes, “Easiest Core 2 ever here. Up $2.5k on this move. Man, I never load enough! BP is only $7k, and I made over 33% return in a week’s time. I traded RUT and it’s easy to fill. Core 2 Rules!”
FIRST 6 TRADES ALL WINNERS
On the trades I’ve closed out so far, I am 6-for-6 and have re-couped about half of the cost of the course so far in about 2 months with small trades. Once I’ve officially covered the cost of the course (hopefully soon) I will let you know : )
SPEECHLESS ON THE POWER OF YOUR TOOLS
I have spent 2 days watching the videos and using the software and must say I am speechless on the power of your tools!
I EXPECT TO MAKE $10K ON THE NEXT TRADE
I started real trades with your method with 20k in my account. They worked fabulously. I’ve done this 5 trades in a row, for the last year. I went from 10 contracts to 20, then to 30 and 40. I plan to do 50 contracts next. I am now getting into serious money for me. I expect to make $10k on the next trade. Your methods and software are the best. You are the best teacher I have been able to find. Keep up the good work.
Good day Morris,
First I want to thank you for the most phenomenal invention in the field of options trading that I have ever seen. I am not an expert, but I have a good enough understanding of options to realize when I see something amazing. I have been trading high-probability Iron Condors with success since the beginning of the year, but I simply cannot really relax unless I use a very small percentage (~10%) of my account as margin – which translates to much slower account growth – plus the lurking nightmare of losing control of the trade (and 10% of my account) should a big market move occur.
You have created a machine that I can understand (while still figuring out the final details) and can use to safely grow my trading account over months and years to come. The combination of low and controllable risk, with high probability and reward, is something I have been searching for in the trading world for 15 years without success, until now. Please keep up this good work – if it’s up to me, I will be around for a long time….
Morris this is a great program and I been watching your videos for 5 years, I really think you are a Genius in the options world and highly creative.
NOT FAR FROM GUARANTEED INCOME
To succeed in trading you have to master your emotions (and avoid being scared out of an otherwise winning trade), and have full confidence in your trading techniques.
San Jose Options type of trades/spreads, well thought out and secure, with well defined rules, take most if not all the emotions out of the way. If any left, SJ Troo’s outstanding tools (statistical backtester, optrends, trade assistant, to name a few) will take care of them.
If you associate these outstanding tools and techniques with your own technical studies (geometrical projections, etc.), you can sleep very well at night and are not far from a “guaranteed” income, compounding premium trade after trade. All you have to do is use the rules, use the tools to make your decisions, and use common sense.
SJ Troo’s ongoing development makes this easier and easier every day.
The SJTROO provides analysis and insights into the option pricing that saves thousands. It helps to optimize the trade return by timing the entry, adjustments, and exits. It puts everything we learn into a nice software package to illustrate the option chain, scanning market, tracking, and IV analysis.
Money well invested, and you’ll find that you’ll have more time to yourself and family too.
TRADE PICKS SERVICE IS OUTSTANDING
I just thought I would drop you a note to tell you how pleased I am with the Trade Picks service. It is really outstanding. I can’t believe how my learning is coming together just by reading the short notes you write in the notes tracker. The emails are perfect and I have gotten filled at the right prices because of that. I think I know how hard you have worked on it and the result is really incredible. Thank you for your dedication.
THIS IS TOO EASY, LOL
It’s crazy… closed profits for April, May – December still in play in PM… still going in IRAs.
April $750, May $2k (instant from Monday), December waiting on 2k…. April and December has been on about 30 days.
This is too easy here, lol…
PAPER CASE STUDIES ROCK!
I just wanted to say that I have been a member for over 2 years now, and the Paper Case Studies that Morris, David and Duane put on almost always make money. I would guess about 9 of 10 do, and when they lose, it’s very little. These guys are true craftsmen at created low risk, high probability trades. Thank you and keep up the great work!
TASTY TRADE IS GREAT, BUT…
I have to admit, I am a fan of Tasty Trade like many option traders, but the truth is, the education they provide is very general compared to what you get at SJO. They don’t share any winning strategies or adjustment systems from beginning to end. In your course you provide students with step by step instructions on how to begin, manage and close out your trades. Your rule-based systems are far superior than anything I’ve heard on Tasty Trade. Furthermore, your Second and Third Order Greek implementation is way beyond their scope of education, and although they talk about probabilities quite a bit, you have them beat their too with your Tsunami™ invention. I’ll keep on watching my pals at TT, but I trade your methods which are clearly defined for me, less risky, and they work for me most of the time.
HEADS AND SHOULDERS ABOVE THE REST
Hi Morris, I feel honored to communicate directly with you. Congratulations on adapting a scientific approach to options analysis, and my personal thanks for your own superb teaching methods. Your firm stands heads and shoulders above any I have seen in teaching skills in this field.
IT’S GREAT TO BE TRADING STRESS FREE
For the first time in years I am excited to finally have a strategy that I really believe in. I have spent countless hours and attempts over the years to trade options and I’ve finally found a course and mentorship that I will be with from now on. It’s so great to be trading stress free..
I HIT $45,000 YTD PROFIT THIS MORNING IN ONLY 4 MONTHS
My name is Mike and I am a full time trader. I day trade the markets, and play options for passive income. It was a long journey to become successful in trading, and needless to say, I have spent a lot of time and money in the past to educate myself about the markets and refine my skills.
If you are reading this, consider yourself lucky. You are in the right place. I want to give SJ Options the best testimonial any one can ever receive, but I think no matter how hard I try, it’s just not good enough. They didn’t pay me to say any of this, of course. Believe me, there aren’t many people worth praising in the trading world, but they are different. I would have been happy to pay more for this course if the fee was higher.
I HAVE NEVER SEEN SUCH A FULLY HEDGED SYSTEM WITH POTENTIAL TO EARN SO MUCH
I have to say, I have never seen such a fully hedged system with potential to earn so much, even in non-margin accounts… and the low drawdown (what drawdown? 🙂 ). I am very happy to stumble into your company as a Forex trader. Now I can focus on strategic trades instead of day trading and staying up all night for the European session! Plus, I can focus more time on my information technology and my family.
EXACTLY WHAT I HOPED IT WOULD BE AND MORE!
I’m still absorbing the basics from your program, but so far I couldn’t be more pleased! This truly is EXACTLY what I hoped it would be and MORE!
I’M EATING MY WORDS! YOU DO THINGS DIFFERENTLY!
I’m a new student and am SO HAPPY AND SO IMPRESSED!
I’m not a “newbie” and had some training previously through a few other training courses, and quite frankly, thought you were somewhat crazy when you said you did things differently. Well, I’M EATING MY WORDS AND THOUGHTS! YOU DO THEM DIFFERENTLY!
I’m sleeping like a baby with the BRIC and really Appreciate both your and Duane’s teaching style. Thank you so much for your EXCELLENT course and doing things “differently”. I really appreciate you and what you’ve created and am SSSSSSSSSOOOOOOOOOO excited.
COMMENTS FROM A UNIVERSITY PROFESSOR
SJO provides the best options mentoring education that I’ve experienced to date, and I can easily recommend your services.
AMAZING, CONSIDERING THE RUT FELL FROM 800 TO 651
I closed this trade with a $200.00 profit – amazing considering the RUT fell from 800.00 to 651.00 over the last couple of weeks. It shows the importance of doing the adjustments you teach in the course.
NO ONE ELSE HAS ANYTHING CLOSE TO WHAT YOU HAVE
In such a short time since I joined, I’m truly impressed with all that your educations offers. No one else has anything close to what you have. I only wish I had discovered you sooner. It would have saved me much time and $$$.
YOUR COURSE IS FAR BETTER THAN I EVER EXPECTED
I just wanted to let you know that SJO has amazed me in that it is far better than I had ever expected, and I am really learning a lot every day. In a month I have gone from a rudimentary knowledge of options, to being able to construct and adjust UBC’s and BWB’s. My favorite part is that your strategies continuously evolve in a creative way, and like you, I see futures options as another huge exciting opportunity. Thanks for your great course.
I’M UP $148,164 IN ONLY 6 MONTHS
As of the close today, I am up $148,164 while using a BP of $136,645. I guess you could say I made over 100% in less than 6 months. I’ve been making a lot on my March trade since I have 600 contracts – I am sure that you have been too.
I TRULY CONSIDER YOU A GENIUS
This is my first time contacting you. I’ve been a student now for 4 months and thoroughly enjoy it. I have learned so much I cannot express it in words that do it justice. I truly consider you a genius and feel it was divine providence that led me to you.
THE MOST STRESS FREE TRADING I HAVE EVER DONE
Placed my first Revolver trade in late January and closed it out mid March for a $13k net profit (max risk was around $15k). It was the most stress free trading I had ever done. Thank you.
I MOWED MY LAWN EVEN THOUGH THE MARKET WAS TANKING
As I have said before, your program is what I have been looking for (for many years). I am also greatly enjoying each and every class.
PS: Final, final comment: even though the market was tanking, I went out and mowed my yard (coming back to check in every half hour or so). I kept thinking to myself, “I am glad that I am doing strategies that protect me from days like this”. It was a good feeling, thanks!
I LOVE THAT YOU TELL US EVERYTHING WE NEED TO KNOW
I like the fact that you tell us everything we need to know and not try to sell more seminars or services like other companies do. I truly believe you are sincere in helping your students succeed as traders.
THE BEST STRATEGIES I HAVE EVER SEEN
I just want to say that your option strategies are the best by far that I have ever seen, and I have taken a few other courses. Thank you so much for teaching me a safer way to trade. You’ve made a huge difference in my trading.
SUCCESS FROM THE DAY I STARTED
I have had really good teachings and success from the day I started with them. It has been awesome to have this mentoring. I trade mostly Iron Condors and they have helped me hone that in better and readjust my rules and strategies.
YOU COME UP WITH GREAT STRATEGIES
Morris, You’re one of the best option traders out there. Your course is far Superior than those selling for much higher prices like Sheridan’s. You come up with great strategies that make money with limited risk.
YOU HAVE A RARE GIFT TO EXPLAIN THINGS
I read McMillan, and “Option Volatility and Pricing” by Natenberg, and this surely helped, but you have the rare gift to explain clearly the most difficult concepts. Furthermore, the course is well organized and with a lot of useful material. Thank you.
REGARDING THE COMPUTER GLITCH OF MAY 6TH, 2010
All reward has risk and no strategy is immune to the type of “hit” we took the other day. I will say that because of the RAS, my position was enhanced by the fall. It made a move right into the profit zone. As a matter of fact it was one of your recommendations on the SPX that has a July expiration. It moved quite nicely into the profit area. I had other similar positions that were May expirations that did the same thing, and I simply closed them out for a smaller than expected profit. I am learning a lot of things that nobody else would be willing to share without a lot of wasted “seminar” time and money. Quite honestly, I’m not sure the “seminar type” know this strategy. The Iron Condor is about all you are going to get out of them.
JUST SHOWS HOW SAFE YOUR TRADES ARE
Congrats on such a minimal drawdown over the Flash Crash. Check out the performance section of 10percentpermonth.com (a newsletter service) where they do traditional Iron Condors. They wiped out 69% of their account because of the 1000 point drop. Just one more example that shows how safe your trades are and your commitment to risk management and capital preservation.
I’VE BEEN TRADING OPTIONS FOR 20 YEARS
I have been trading options on and off for the last twenty years. I have spent a lot of money taking courses to learn to trade options profitably and have only consistently lost money. Most of the courses out there are taught by theoretical people, not traders. You are the real deal. Thank you for teaching these low risk strategies that actually work and consistently make money. Your course is worth every dollar.
THIS COURSE IS THE REAL THING
I have been nothing but excited and happy about my decision to sign up with San Jose Options. I must say that this course is the real thing. It really works! He will teach you how to apply the material; when and how to execute the trade, follow the trade, adjust the trade and close the trade. Most importantly to help you keep your trading account or 401K from huge drawdowns. I have never, ever written an endorsement for any course in the past, but I gladly do this for San Jose Options.
I FINALLY FOUND WHAT I NEED TO LEARN
I have traded options for 11 years with varying degrees of success, which always led to long term results that were unacceptable. I have spent years (and a small fortune) looking for the “Real Deal” in education. I finally found what I need to learn, practice and trade. You have a better understanding of options than anyone I have ever met, and I have met many.
YOU HAVE NO COMPETITION. YOU ARE IN A LEAGUE OF YOUR OWN
I can only say you have gone from strength to strength, and the new website and tools (SJTroo) are just fantastic! The level of knowledge I have received from you and the insight far exceeds the education I have received from competing option education companies (for less price too!) and indeed from my own formalized studies. In fact, you have no competition – at this stage in my eyes you are in a league of your own – so well done and keep up the good work!
BRIC TRADES BASICALLY DOUBLED MY ACCOUNT
I learned enough to put on some BRIC trades which basically doubled my account in 2 months. I need to study more to learn the adjustments and closing details better, but I have to say that is a brilliant trade, Truly. I actually went a bit crazy and traded RUT, NDX, AAPL, SPX, GOOD, PCLN and ES. Every one of them ended up with a profit, and the beauty was that the market was even moving steadily higher at the time. I can’t tell you how amazed I was to watch those trades work so well even by just constructing them right in the beginning and just hanging on.
IT’S HOW AN EXPERT SURGEON WOULD OPERATE WITH FIRM CONFIDENCE
Your course contents is great. I’ve found the Max Safety, Max Reward slogan matches perfectly. Your application of the Second Order Greeks is what no one even teaches… very fundamental. Also, the technique of scalping profits using the DV Ratio is like how an expert surgeon would operate with firm confidence.
YOUR STRATEGIES ARE SO FORGIVING AND LESS STRESSFUL
I have built a system to trade the ES futures, but I had to use stops which were getting hit too often and this became very frustrating. I have found with your strategies, I don’t need to be perfect with timing. Yours are so forgiving and less stressful because the system can actually be wrong or the timing off and you can still make money! The strategies you teach may not seem easy until it “clicks” and then their simple elegance becomes apparent.
YOU HAVE THE BEST OPTION STRATEGY OUT THERE
I really am enjoying the Revolver and your instructions in class… I believe you have the best Option Trading Strategy out there, and I have tried many including spending a fortune at Investools. You have one of the most solid understandings about Options, Trading and Market analysis. You have a fantastic gift. I just want to thank you very much for sharing your knowledge.
WORDS FROM A FINANCIAL UNIVERSITY PROFESSOR
I have taught option trading and risk management myself for many years at ** University. I must admit that I am very impressed with your site and very relieved to see you don’t focus on the same old stuff that most other “mentoring services” are teaching (Iron Condor, Butterfly, Calendar, … ). Such strategies in my opinion should be considered “time bombs” in the making as their embedded vol risk can hardly be controlled.
YOU ARE AFFECTING LIVES AND FAMILIES
I want to let you know I believe in your teachings, and I deeply appreciate the effort and hard work you place into your business and your mentoring. I have been involved in many courses in the past, but I can say you got the real thing and it shows. Be proud and stay encouraged in what you are doing. You are affecting lives and families, and that is a great gift.
YOUR COURSE IS THE BEST BY LEAPS & BOUNDS
I do believe that your course is the best by leaps and bounds when it comes to teaching options trading and management. Before discovering you I had taken classes from Teach Me To Trade as well as another individual online who was teaching options. Congratulations on the Success you have achieved.
I just wanted to let you know that I think what you are doing is brilliant. You, David, and Duane give great classes. SJ Troo is really amazing software. I am so excited about all your innovations and revelations.
Thanks so much for all that you are doing,
I SMILED AS THE P/L CROSSED THE $100,000 MARK AGAIN
I am delighted to be associated with Morris and San Jose Options. The program is the best that I have found, and it’s by far the best value out there as well without exception. The people out there have no idea what they are missing. My account is pushing $100K again. It has been bouncing around quite a bit, but as it does, I am using the RAS to lock in more and more. After 25 years of active investing I could not be happier than I am now.