Frequently Asked Questions

How Long Has SJ Options Been In 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 2 mentors, Morris Puma, the founder and CEO, and Duane Teachout, a 25-year veteran trader. The two of them working together have achieved a balanced blending of breakthrough creativity and stable organization. They both have strong backgrounds in music, art, math, psychology and the sciences.  Quite a fortunate match, really. To read more about our mentors, click here.

Do Your Mentors Trade Options?

Yes, Morris has been trading about 16 years and Duane has been trading for over 25!

What Is Different About Your Options Course?

We are the only options course in the world that offers a Paper Case Study learning process. In fact, we are one of the few mentoring programs being taught by Option Traders.

The Industry Standard courses are taught by retired market makers and other educators who do not trade options anymore.  Not only do we study with you our Paper Case trades from start to finish, but we will also teach you our Unique & Innovative RAS Adjustment System that no other course offers. No other course knows it.  It's our invention.

We'll Teach You How To Achieve a 99% - 100% Probability of Profit Over and Over Again

We've developed ways to bring most of our trades to a nearly a one hundred percent of probability.   We do not focus on the popular option strategies which have proven to not work long term... which is exactly why you are here.  If you are seeking something new that was developed for today's volatile markets, then you've found the right mentoring course.

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 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 the risk 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 RAS System is very different. With our patent-worthy technique you'll have nearly a 100% probability on each trade that you will make 1% to 3% with a normal Margin or IRA account, and you will always maintain a chance to make much higher returns. The greatest benefit to our RAS System is that most losses will result in a loss of less than 3%. 

We find that our returns using Portfolio Margin accounts are substantially higher.  It's not uncommon for PM traders to make from 50% to 80% a year using our low-risk strategies.  These figures are incredible to say the least, especially since our trades are so conservative.

We can never guarantee returns since the market is dynamic, but for more information on expected returns, click here.

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 designed with a Step by Step learning process, complete with exams, so any option trader can take our course, but it helps tremendously if you know the basics of Calls and Puts.

MAC or PC?

We recommend that you have a PC or MAC with 2 monitors. You will also need a head set / microphone to participate in class effectively. 

Our videos are 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!

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 RAS 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.

Do You Share Your Trades With The Students?

Yes, we are the only course in the world that trains our clients using a Daily Follow-Along teaching approach. We begin our trades and manage them to the end with our students and we've been doing this since the end of 2007. All of our trades are recording and part of our vast collection of videos for you to see and verify the returns that we have posted on our website.

How Realistic is Paper Trading?

Think or Swim has taken the necessary steps to make sure their paper accounts very closely simulate the fills of a real account. Years in the past it was easier to fill paper trades, but now the fills are very similar to the reality of trading. Often times we do not get filled in our paper accounts.

Furthermore, we usually find that we out-perform the paper accounts with our real money. Once you are in our course, you will find that we share both our paper and real accounts with our students.

Do You Give Live Seminars?

Yes, we will be offering live seminars in 2011. Please see the website for dates and locations.

How Can I Upgrade?

You can upgrade at any time by paying the difference of what you paid and the current price of what you want. The advantage to buying a higher membership from the beginning is that you are guaranteed to lock in the low price. Due to the gaining popularity we will not be able to offer our current low price for very much longer.

Are Your Strategies Scalable?

Scalability is one of the strongest selling points of our strategy.  While the industry standard strategies are far from scalable, our strategies are just that.  Just be careful not to over invest. 

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 an Iron Condor that our worthy competitors teach.  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 actually 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 low 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.  Everything must be put into perspective.

In contrast, the industry standard strategies would lose about $5,000,000 in a similar situation.  Those strategies cannot take you anywhere.  They are dated, obsolete, and just way too risky to be used in today's markets, especially with money that you cannot afford to lose.  If you invested 10 Million into a Condor, you'd be risking 5 Million of that trade at any given time.

As you can see the SJ Options strategies are more scalable than the popular ones.  You can use and benefit from what we teach you for the rest of your life, and you can pass this knowledge down to your children as well.

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. We have many students who are already applying and living off of this trading technique.

Duane began teaching along side of Morris in 2011 and his trading results are almost identical to that of Morris'.  This further supports that our strategies can be replicated simply by following the formulas that Morris has developed and provides to us all.

Furthermore, over 1,000 videos have already been recorded by our founder, so all of his findings are documented for everyone to see.

We plan to continue growing the company and adding more mentors to our staff as well, but it's important for us to add the right people.

Finally, we can say that Morris' rules are very well defined and any experienced option trader can duplicate his trades and results within just a few months. Duane for example, paid $3,000 for the course and made over $100,000 his first year using the strategies.

That being said, if you put in your effort, then you can be applying these strategies almost instantly and you won't be needing to rely on Morris for very long. Since he has very specific rules and formulas, he makes option trading very simple and objective for you.

What Discounts Do Members Get On Seminars?

Currently, our Ultimate Members get to attend our live Seminars at 50% Off the advertised rate.  Other members may receive a smaller discount.  Please contact our sales department for more information.