26
Oct
Guy Review

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

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