Frequently Asked Questions
How Long Has SJ Options Been In Business?
San Jose Options, Inc. has been has already celebrated 5 Years of Business!
Morris Puma founded San Jose Options in 2006 when his efforts were originally dedicated to marketing Optionvue and Dan Sheridan. A short time after, the first San Jose Options Investore was opened to the public in San Jose, CA. In 2008 the company was incorporated, the mentoring program began and Max Safety, Max Reward option trading found its place and began to change the lives of option traders worldwide.
How Many Mentors Does SJ Options Have?
San Jose Options has 3 mentors, Morris Puma, the founder and CEO, and Duane Teachout, a 26-year veteran trader and David Heinzen, pilot and 16-year veteran trader. The three of them working together have achieved a balanced blending of
breakthrough creativity and stable organization. To read more about our mentors, click here.
Do Your Mentors Trade Options?
Yes, Morris and David have been trading about 16 years and Duane has been trading for over 26! We are very proud to be real traders who practice the craft that we teach to others.
What Is Different About Your Options Course?
We are one of the only options courses in the world that offers a Paper Case Study learning process (others are beginning to imitate us). This allows our students to learn all the nuances of implementing our strategies. We put on trades together and make adjustments to them as necessary. Our mentoring program is taught by Option Traders who practice the business day after day in real trading accounts. Many courses are taught by people who do not trade options at all.
Another benefit to joining our program is SJ Troo™. Our software, designed by our founder, Morris Puma, is full of features that are not found in any other software on the market. It is being developed especially for option traders who wish to utilize Second and Third Order Greeks. The SJ Troo™ software has intelligence built into it to help you make better trading decisions unlike no other software out there.
Do You Offer a Guarantee?
We offer a Satisfaction Guarantee. To read the specifics, please click here.
Do You Have Student References?
In the past we used to invite our potential clients to speak with our current students, but now that we've grown and gained popularity, we don't bother our students with that task any further. We do, however, have a testimonial page which is 100% real, coming straight from our emails. Please take a moment and read what real people just like you have written to us about our course. We also have done interviews with some of our students which you can hear. To see our testimonials, please click here.
Do You Offer a Payment Plan?
Our course is designed to be affordable for the serious and sophisticated option trader who is ready to take advantage of what we have to offer. We do not have a payment plan since our product is digital and delivered in its entirety once payment is received.
The Famous Question... How Much Will I Make?
While most options courses will make you empty promises to get your business, we won't. Instead, we will tell you how it is. If you want to have long-term success with option trading, then you must remove as much risk as possible from your portfolio. People are attracted to high-risk trades in hopes of making fast returns, but there is so much embedded risk in these trades, that any success experienced will always be short lived. Nearly all of the well-known option strategies are designed such that one bad trade will wipe out your entire account. After years of trading the industry standard strategies, we found it's nearly impossible to sustain profits using them long-term.
Our Revolver is very different. With our innovative technique you'll have a much better chance of removing the risk from each of your trades as time progresses. We have developed a system to lock in profits as you go, and it's unlike any of the standard trades out there.
Over the years our Paper Case Studies have done very well for our students. They have ranged from 30% all the way up to 80% in a year.
Please note: We can never guarantee returns since the market is dynamic, but we do our best to remove as much risk as possible from our trades and then lock in what profits we can.
Do You Offer Group Discounts?
Yes, we offer group discounts. Please call for details
I'm Married, Does My Spouse Have To Pay?
We do not charge extra for more than one person studying our course from the same home address. We do not however allow simultaneous logins from multiple IP addresses.
I'm a Novice. Can I Take Your Options Course?
Our course is rather advanced to be honest, but we do cover the basics. If you are just getting familiar with options, then you'll probably want to read up on them first. We don't publish materials that are free to read online or in books. We have had novices enter our course and begin to trade within a few months of time. If you work hard, then you can learn the options language too, but it will be a little difficult at first.
MAC or PC?
We recommend that you have a PC with 2 monitors. You will also need a head set / microphone to participate in class effectively.
Our recorded videos are in Flash, so for iPad and iPhones, they will not work unless Apple offers a plugin for Flash. However, do to the number of apps out there, you might find a work around to watch our classes on your iPad! Some of our students have found that our videos play in certain browsers on the iPad.
Our service does operate on many MACs as well. Your are welcome to test out our service with a Trial Membership to see if it works on your computer.
How Long Will It Take Me To Learn This?
Those of you that have already been trading options for
years, can come into our course and grasp the Revolver instantly and
begin trading it in just days.
Those of you who are new to
options will have to first become comfortable with what options are, and
after that you can move on to paper trading our strategies. It can
take a few months to understand options because they appear very foreign at the beginning, but in our course you will learn extremely fast through our Apprenticeship Learning Process. To read more about how we teach, click here.
What Are Paper Case Studies?
We are one of the few courses in the world that mentors our clients using a Paper Case Study teaching approach. We begin our trades and manage them with our software, SJ Troo, live in class. We've already had 5 Successful Years of managing paper trades with our students. Those who have followed our trades have done very well in our course.
Do You Give Live Seminars?
Yes, we offer live seminars. Please see the website for dates and locations.
Are Your Strategies Scalable?
Scalability is one of the strongest selling points of our strategies. While the industry standard strategies are far from scalable, our strategies are just that. Just be careful not to over invest. We'll explain more about this in the course.
To make a fair comparison consider this: We can place a trade of 2 million dollars on one of our strategies, but we'd never put 2 million into a 30-Day Iron Condor. Why not you ask? Because it's not uncommon to lose 10 to 20% on the standard Iron Condor, and if we face another Black Swan event, then we could lose 50% or more in an instant using that type of strategy.
The truth is that trading Iron Condors, Butterflies, Calendars, Covered Calls and Naked Puts is just an intellectual way to gamble.
However, we CAN and DO trade millions of dollars every day using our very own strategies because they have held up over the "Flash Crash" and will continue to hold up over the future catastrophic moves in the market because of their special architecture. Just keep in mind that a 5% draw-down on one of our trades on margin can still be a good draw-down if you are trading immense amounts of money on margin. So even though our style of trading is lower risk, one must always consider the amount of money being invested, especially when using margin.
For example, someone using 10 Million on Margin may see a draw-down of $500,000 (5%) if things go drastically different than predicted. So although 5% is not much when it comes to option trading, $500,000 is still a lot of money to some people. Everything must be put into perspective.
In contrast, the industry standard strategies could lose about $5,000,000 in a similar situation. Those strategies are extremely risky to scale up.
The bottom line is that after you learn what we are doing, you'll never want to go back to what you did before.
What If Something Happens to Morris?
We get this question all the time. Morris is the one who has developed our unique trading system, but he is not the only one who knows it now.
Duane began teaching along side of Morris in 2011 and David joined our staff in 2012. San Jose Options is no longer a one-man show, but rather a team of experienced retail traders, designers and programmers where the end result is a quality production of options education for our growing community of option traders.
What Discounts Do Members Get On Seminars?
We may offer special pricing to our members for live seminars. As a member you will be notified about the promotions we are offering.
Can I Combine Promotional Offers?
Promotional Offers May Not Be Combined
From time to time we offer special promotions and discounts. Some of our advertisements may overlap by date, but we do not combine special offers. Each promotion is unique and may not be combined with another.