Using Option strategies to trade gold

Using Option strategies to trade gold

Presented by Greg Jensen

Video Transcription

Greg: About a third of you room have owned and traded options but never traded gold. Few of you have owned traded gold but never traded options before.
Some of you have done neither of that. What I will tell those of you who have never traded options before, I’m going to talk about specifically a couple of
option strategies today. If you feel yourself falling behind and not understanding, feel free to ask questions and I’ll try to clarify as much as possible.

I’m not going to cover some extremely difficult concepts in options but just some brief ones but I do want to throw that out there. I’m going to be talking
about specifically some option strategies surrounding the gold market as well. Let me again introduce myself. My name is Greg Jensen. Like I said, I’m the
CEO and founder of OptionsANIMAL. I recognize several names in the list of attendees who are here who are already students of OptionsANIMAL.

You already know who OptionsANIMAL is. For those of you who don’t know what OptionsANIMAL is, we’re an education company. I started trading almost 20 years
ago now. My introduction to the options world or the investing world started in the equities; excuse me, started in the commodities market. It wasn’t gold.
It was actually in wheat, sugar futures, and corn futures as I watched my father hedge risk in the different crops that we were growing.

I went to school, got my degree in Finance, fell in love with stock market, the equity side of the world in school and then I started trading for a living.
I saw this huge demand for the baby boomer generation particularly. I think it’s going forward. The baby boomers are just the ones who are the first
adopters of this. That is self management of your money. Nobody cares more than you do. However, with any type of expertise or any type of profession,
maybe not even profession, but any time you’re dealing with money requires some level of education.

I had people approach me and saying, “You’re trading for a living, you’re doing really well. Can you teach me how to do it?” OptionsANIMAL was created with
the intent of teaching the individual investor like you and I to trade successfully in the markets. What I’m going to do for those of you who are already
students of OptionsANIMAL, hopefully you’ll appreciate this. Those of you who are not students OptionsANIMAL as well I’m not going to go through a sales
presentation here and tell you about all the bells and whistles of OptionsANIMAL, and try to sell you on who we are.

I’m going to educate, I’m going to teach you about how to use option strategies specifically in the gold market right now. I know there will be some
questions and interest in who OptionsANIMAL is. I will save that for the end of the presentation for those of you who want stick around afterwards and ask
some questions. The last few slides I’ll probably talk a little bit about who we are. The other thing I will throw out right now. I know we had a technical
glitch last week.

We may end up with another one today. There is a massive thunderstorm outside my office right now. If I lose power, if all over sudden I just disappear,
probably my internet went out; my power went out in the building. Hopefully that does not happen. If it does we’ll maybe end up rescheduling this gold one
again. Maybe I need to keep talking more and more about gold. Let’s go on. Those are all those pretty pictures of me that you really don’t care about

What you want to talk about is, why do investors own gold? There’s three main reasons that I feel investors own gold. Number one is speculation. Number two
is a hedge against potential inflation. The other one is demand max beyond thunderdome syndrome. What is speculation? It’s the idea that I’m going to go
buy some gold and because whether it’s demand, whether it’s the drop of the value of the dollar, whatever it might be, that gold goes up in value and I end
up making money.

That’s one of the reasons and probably the most commonly used. The other one that’s used often is a hedge against inflation. What this means is the idea
that because of the devaluing dollar, because that’s what gold is priced in. It’s in dollars. There is a risk that other costs whether it be fuel, whether
it be bread, whether it be clothing, services, those costs all go up based on activities with Central Banks and creating essentially a worthless currency,
the US dollar of course that is. That’s what gold is priced in.

This is the one that’s probably talked about the most from the investor’s standpoint because there’s a big fight here. Of course as we all know watching
the economy over the last couple of years about this idea of inflation and there’s devaluing dollar and [webanky 00:05:21] & company are doing with the
dollar versus deflation and the economic risks that are going on right now. Unfortunately, for those individuals who have purchased gold for a hedge
against inflation at least for the last couple of years it hasn’t worked out so well.

That doesn’t mean speculation for the three years prior to that didn’t cause a massive run up in gold … We’ll bring up some, let me just do that right now.
Bring up a chart of gold and we can look at obviously the longer term picture. Obviously we have this huge run up in gold in 2009, 2010, 2011, we picked
out over $1,800 an ounce. The sell off that has occurred again on the backs of the idea that the inflation that everyone was fearful of in ’09, ’10 and ’11
really didn’t materialize.

In fact that story quite honestly it’s changed. I don’t know if it’s going to come back any time soon from the inflationary standpoint. It doesn’t mean
that gold is a dead investment. I think there is opportunity here. You just have to look at it from a different perspective. The last I would say reason
why investors own gold is that mad max beyond thunderdome syndrome. For those of you who are like, “What is Mad max beyond thunderdome?” It’s a corky ‘80s
movie. It’s Mel Gibson, Tina Turner, end of the world queasy apocalypse type of movie where we all drive around a big [inaudible 00:07:25] jeeps and one

Folks, if that happens, if we’re in that type of scenario, gold is simply just a shiny metal and it’s not going to matter. If that’s why you’re buying
gold, you’d be better off to buy food because you can actually eat food. I don’t think we’re going to get there. I’m not one of those apocalyptic guys that
thinks that the world is about to end. Each their own. I’m not going to tell you that I am 100% right in where things are going.

If that’s what you’re thinking the only thing I’ll tell you about gold is it’s probably not a good investment either right now if that’s truly your
thoughts. For me, obviously my finally my animation came through. Did you guys see that animation? I always have wondered. I know it works in a live
presentation. I always wondered over the webinar if that little blowing up the … Good. You guys saw the animation there. Not that it’s that cool.

Let’s talk about ways to own and trade gold. There are several different ways and several of them have different benefits to them. One of them is tangible,
physical gold. Gold that you’re holding in your hands. There are couple of ways to do this. Number one is gold bars. This is usually typical for most
individual investors. This is how often times banks and central governments own their gold is in physical tangible gold.

You may remember a story I once said, it’s about a year ago now, where Germany requested all of their gold back. I was actually unaware of the situation
that we were actually holding a bunch of Germany’s gold. Apparently post World War II the Germans of course being very close to at the time Soviet Russia,
there was a little fear that Eastern Germany and the communist side of Europe was going to potentially take over the rest of Europe. They wanted to protect
much of their gold and they actually sent and shipped a lot of their gold over the United States.

Just within the last year or so they requested that physical gold back. They want it back in the country, in Germany. That’s mostly done with governments
and banks and central banks. The way for most of us if we want to have tangible gold is really in the form of coins. There are a lot of different coins out
there some of them differing qualities. The most common investment grade coins as listed here, the American eagle, the South African Kruger rand, Canadian
Maple leaf from the Australian [inaudible 00:10:12].

Again there are a couple of others as well, Chinese panda and a couple of other ones that are generally accepted as well. Again the point with these is
this is tangible gold that you want to have in your possession as part of your portfolio.

For me I have some of these. This is part of my diversification and kind of a hedge for my whole portfolio or my net worth you could say. Sometimes you
have to ask someone what’s a percentage of that? How much should I own in tangible gold versus how much should I own in stocks or how much in bonds and so
on. Personal question for you to determine. Again it can depend on your own risk preferences. I will say there is some potential risk with that because I
can’t protect the value of those coins that are sitting in my safe at home.

I can shares of ETF I’m going to talk about in a minute. Another way to trade is the gold futures market. This where a lot of the people who use gold
speculating hedge. I will say one thing about futures market. Number one they’ve raised capital requirements, ownership brokerage I want to say is $8,800
per contract that you trade that you’ve got to have a margin requirement to be able to trade in the futures market. There’s a lot of risk in the futures
market and this is a fast way to trade in. if you want to make your biggest bang for your buck or your first bang for your buck the futures market is
probably the place you want to play.

It’s also the highest risk in my opinion because it have some big fluctuations. I really don’t trade there. I prefer if I’m going to trade gold to do it
through the ETF, the exchange trading fund, GLD. There are some other ones out there. The reason why I prefer this one is because of the liquidity. Not
just in the ETF itself but in the options inside of the ETF which is more important as you’ll see when I get to some of the specific strategies that I like
to trade gold with. The down side of an ETF is again the idea that I don’t physically own the gold.

The upside of the ETF is I can use options to control my risk wit that ETF that I own. I’ll show you some of those strategies here and just specifically
one strategy that I like to use here in just a minute and how I’m going to use options to hedge that risk. Just take in that time. There are some other
pros and cons as well again from the ease of selling it. A gold coin where I typically have to take that to a dealer or a coin shop or a bank and then I
just have to wait in line again make this the physical trip.

Sometimes I don’t always get off a stop price they’ll maybe want to charge me a bit more. Sell me a little bit of [eag 00:13:22] in their business. They’re
trying to make money usually so they’ll try to take some here or there. The upside, the gold ETF is I can do it online. I can do it from my brokerage firm.
Down side is every time I execute transaction I pay a commission to my brokerage firm as well. Each one of them has pros and cons.

I think it’s important for you to make a determination which one of those do I like. Again for me how I traded, there are two different sides of my gold.
One of them is a set percentage for me to get about 5% of my portfolio that I own intangible gold coins. The other side of it is the ETF GLD which I treat
just like any other stock I might trade. When I see opportunity, when I see the ETF sitting at multiyear laws I think to myself this is a good time to jump
in and buy the stock.

Similar to how I may jump in and buy Apple because I consider this to be a multi ear laws. I might jump in to do the same thing but I’m going to treat it
as a trade then not a part of my portfolio. A part of my investment strategy. Two different things. There’s a way to protect these gold coins. I’ll get to
that here in just a minute at least somewhat of a way. I have to be willing to be a little bit diversified but I’ll talk about that here in just a minute.

Let me talk about the strategy particularly that I use to trade the ETF GOB and that is the color trade. The color trade to me is combined of three
components. One long ETF, for those who don’t know what ETF stands for I apologize if I’ve used that term, exchange traded fund is what ETF stands for.
Simply a group of money that people have pulled together they’ve created a mutual fund that is traded on an exchange just like stock is.

Those advantages that gives me is number one being able to invest in gold with a very minimal amount of money if I want to and be able to trade options
surrounding the protect because you can see those in the next two components. The next one is a short call position. Typically this instrument is used in
the expectation is stagnant or slightly bearish. When I combine those together often times referred to as a covered all.

The next component is a long put. This is an insurance tool allows you to protect the value of my ETF here. When I combine all three of these together it
creates a collar trade which ultimately takes advantage of a longer term trend. In the short term both the long put short call hedge my risk. I go on
structure one this types of trades I’m going to go out and I’m going to place my long put either at the money or near money with a minimum of 45 days’ time
value. I might go a little bit further out in some cases if I feel need for longer term protection, if there’s downward movement that I’m expecting.

However the reason why very rarely go beyond 60 days is because if I truly think I need longer term protection. Again I’m not going to go and buy puts with
a year out in time. If I really think I need to be protected for a year, on this thing that’s probably not a good investment. That means I’m probably
buying something on down trend and probably need to just wait it out a little bit. Wait for a bottom before I consider and jump in the trade. From a
practical stand point I know a lot of people who like to say go and buy the longer term protective puts in your call trade and you have risk for a longer

From a reality stand point A when you actually execute a trade what you’ll find is that if you’re buying long term protective puts you probably shouldn’t
have been buying this stock yet in this case the ETF for me typically 45 to 60 days. The short call is an instrument that’s used to help pay for the
protective put. Typically in the way I trade caller trades is I’m going to sell that call option. One or two strikes out of the money which usually works
anywhere from three to 12 months with time value.

There are two rules for me with the covered call here. I want to pay for protective put again pay for my insurance as well as it needs to be the strike
price that’s high enough that if gold bounces back up. My short call happens to get assigned it will at least be a price that I am profitable. Another one
it’s just got to be strike price it’s higher than the course basis of my ETF. One thing that’s really important, whenever you’re building your strategy on
a caller trade is determining what trend you are in. to do this, this is where a lot … I’m going to call it guess work comes in.

I know a lot of people don’t like me using the term guess work. Everyone wants to say I’ve got a full proof trading plan that can pick tops and pick
bottoms and tell you exactly where to get in and exactly where to get out. Folks that doesn’t exist, trust me I’ve looked. I’ve tried a lot of them. I’ve
read through a lot of them. I’ve used a lot of software I’ve tried them all. It doesn’t exist. I believe that if it did exist MIT would have a patent on
it. It would just be a money machine. The problem with any idea that says I’m going to pick exact tops and bottoms.

The problem with anything that tries to analyze that is at the end of the day what we are trading in as market. What is a market? A market is people. It’s
a combination of people. People have a tendency if you haven’t noticed throughout your life, I know I’ve noticed. People have the tendency to be irrational
at times when they shouldn’t be. They have a tendency to ignore fear when they should be thinking about it and because of that you’re going to have moves
up and down that can’t be explained sometimes.

They go against all of the technical analysis tools, the Fibonacci retracement levels, the Elliot wave theory. All the red arrows and green arrows you look
at it’s never going to be 100% accurate. After saying that, it’s still important for you in your trade here on gold to still say or anything for that
matter. This rule doesn’t apply to just gold, this applies to anything you trade in. To make your trading plan based on some expectations of where the ETF
might be headed.

You can make your contingency adjustment plans if it breaks down but at least you have to go into this with the idea of saying I am going to do a trade
based on X, whatever X might be. If X doesn’t happen then I will adjust my trade accordingly. Does that make sense? Let me walk you through an example here
with gold and how I might look at this. There are a couple of things here on this chart that should have an investor concern.

Number one is the potential set up of the death cross on gold. It’s not happening yet however, the 20 day moving average which is this dark blue line is
breaking at 200 right now. Gold broke the 200 back here, back on April 19th. That to me was the big breaking of the back for gold that said
we’re going to go significantly lower. Even though it bounced higher for a few days and tried to get back up above it, it failed trying to get back up
above it.

Ultimately it’s now floundering trying to find support. The 20 day moving average crossing the 200 is not a good sign. It’s not the “death cross.” The
death cross is when the 50 day crosses the 200 day. Typically by then folks, most of the bearish move has already occurred. I think if you’re waiting for
the death cross to happen on gold, you will miss hundreds of dollars of move. On the case of the ETF, $20 to $30 of move. Typically what I like to do is
say, you can already see my lines I drew in here.

Let me delete them. I drew these last week and haven’t changed them yet. Let’s delete them all so we can go back through and do that analysis. One thing I
will say is over the last week or so because this is a one week chart. Let me take you to a daily chart. I‘m going to have to zoom in just a little bit. To
do that I’m going to go out to a two year chart. No, still a weekly. You’ve got to go to a one year chart to get a daily otherwise you’ll have so much data
on there.

Notice the choppy trading right here around $120. I think it’s trying to hold $120. GLD is … We push back below it on Friday but then bounce back up today
or at least pretty close to it today, 19.51. That’s pretty tap and support. It’s a one or two, three, four, five days and that was mostly last week during
a very light trading week with the 4th of July. I don’t know if I’m 100% buying in at 120 it’s holding. It’s trying right now.

The reason why that’s significant is as I go to a longer term chart that $120 level actually is a significant level. The significance comes back here to
2009 and 2010. Why is that significant? It’s a former level of resistance. What I have found is that former levels of resistance will often times act as
levels of support coming back down. Is this going to act as support? Now it’s trying to. I think $120 is pretty significant.

We didn’t hold it but we bounced within I would say striking distance to say that’s it is pretty close to it. However, if this breaks the next level will
probably be this level of resistance and maybe just a little higher than that. The reason why I say a little higher than that is $100 is actually a nice
sentimental number as well. $1,000 per ounce on the price of gold, I think if we get back down there, especially if we break into triple digits that
there’s a chance that you’re going to get some buying step in.

Let me paint another scenario. Things get really bad. We can very easily go back to the lows of 2008 with the momentum we’ve got going. No, it’s not going
to go there overnight. It’s not going to go there in two weeks. Could it get there in a month? Maybe. How quickly has it taken to get from $1,600 down to
where it’s at right now at about $1,200? We were at $1,600 an ounce pretty close to it February. We’re at $1,550-ish in April. Just a couple of months ago.
Within about 60 days we’ve dropped over $300 in gold.

Is it theoretically possible that we could drop another $400 of gold in the next 60 to 90 days? Sure it is. Those are the types of contingencies that I’m
talking about that you have to start to plan for. I’m not saying that that’s what my expectation is but as I sit and look at a chart, I have to plan and
say, what are my potential levels that I think gold could go to? When gold breaks one of those levels, that might initiate some type of an adjustment or
some type of change in strategy.

What about the upside? Let’s assume gold is put in a bottom here and that we do start to see some inflationary pressures. We do start to see a movement
worldwide to go back to the gold standard. Maybe we see some pressure again moving away from the dollar as the world reserve currency, again I don’t think
that’s going to happen any time soon but you never know. Things move pretty fast. 1,400 or 140 is I think a pretty realistic jump. In fact 160 wouldn’t be
unexpected either.

As I go in and structure trade I have to take those numbers into consideration because it’s going to number one, help me determine my strike prices that I
choose potentially. More realistically is to what my targets are when I get a potential move one way or the other. Let me show you how my structure caller
trade now surrounding this. Rather than go back to my PowerPoint I’m going to stay here inside of an options chain and then bring in an Excel spreadsheet
as well. We need to open up my Excel spreadsheet.

We’ll go to color trade. Structuring the trade on gold. First thing is, I got to buy my puts. First thing as I buy the ETF. We’ll just use market price.
We’ll buy it at $119.51. The next thing is choosing my protective put. August is really too short a time frame for me right now. It’s only 40 days. Can you
give me enough cushion? September is perfect, 75 days. What I do is I typically buy my protective put along with my ETF usually right at the money or
slightly out of the money.

In this case I’m going to buy the $119 for $4.90. Let me go back here. Change a few things out here. We’ll drop this down to a 100 shares to get it a
little bit more reasonable. $119.51 is where the ETF is currently trading. We’re looking September put. I know the 15th is not expiration I’m
just using that as a nice round number. We want to say 490. Is that correct? I can maybe work that spread, right? Bid 475, ask 490 in fact I should be able
to get that for 485. That’s a wide enough spread right there 15 cents spread and a liquid enough option.

Again I’ve got 2,000 contracts I’ve opened interest here. as you can see 120 have almost 15,000 contracts of open interest. Plenty of that open interest
here and let’s have a huge, unless I’m talking about putting on a four 500 contract trade here. if I’m looking to a five lottery, 10 lottery, 20 lot I
shouldn’t impact the price. Let’s work that spread. Let’s purchase that put for $4.85. Okay. Now the covered call, remember my rule so I want to bring
enough premium to pay for the cost of $4.85 and then I’ll also sell it as strike prices. It’s high enough but if I get a sign I’m going to make a profit.

I could almost do that here with the 120’s but that’s just basically a breakeven. Typically what I’ll do is I’ll go a few months out. In this case I’m
going to clear out to let’s just use December. I’m going to sell the 124’s for 5.05. Again here’s another spread I can work. I could probably get 5.10.
Open interest 6,000 contracts have open interest so we’ll the sell the December and close with January so they don’t make as much mess here. Alright 5.05
I’m going to sell the GP of December at 124s for 5.05. 12, 15 of 13 sell the December 124 for 5.05.

Real quick math, all the spreadsheet does is calculate net debit for me and then potential risk and reward down there. Let me explain what it does. By
selling this call for $5.05 and spending $4.85 on this one I’m essentially decreasing my debit on my total ETF purchase by 20 cents. I put the easy math
right here. $119.51 plus$ 4.85 minus $5.05 give me a total cost of $119.31. The cash flow scenarios down here on the bottom are calculated assuming a
couple of different things.

Number one assuming that the worst case cash flow scenario that I actually exercised my protective put. What does that mean to those of you who are new to
options? What that protective put gives me the right to do is sell my ETF or sell these shares of gold at $119 share. With a cost of $119.31 I have a
little bit of risk here. I’ve got $31 of risk plus my commissions I’ve got a little bit of commission cost on top of that. I can do this in an IRA or no
margin type of account right here. I can also use margin which is simply borrowing money to do it.

I’m okay doing that in a form of caller trade because I don’t have to worry about a margin call in the case if gold permits. Does gold go down to $600 an
ounce and my ETF drops from $120 down to $60 and I have no value anymore because I borrowed half of it from the broker. The reason why that will never
happen with my caller trade you’ll see the examples you go through here in a minute. It’s my put will offset that value in the bearish drop.

I’m actually okay. Now there’s still some risk associated in doing a caller trade with margin. That risk is really just tied to whatever interest rate
you’re paying. Your margin of course can be anywhere from 4% to 6%. Still relatively low right now although margin interest rates have been going up as
interest rates have been going up lately as well in general. Now the best case cash flow scenario is calculated assuming that the ETF gets taken away from
me and gold moves back up, moves back up to 130, 140. I get it taken away from me at 124 which is $469 a profit or about a 4% return of investment or a
little over 6% in an IRA.

Is a 4% return a good return in five months? It’s not very good is it? That’s why I said 1% a month. Just barely less than 1% a month. What is that
annualized? Let’s see. $3.93 divided by five times 12. About 10% return annual. Some of you might say, “10% annualized returns hallelujah sign me up.” Some
of you might be it’s not type of trade for me. Let me put this into perspective here, number one for some of you a 10% annual return with virtually no risk
while you’re doing it is the holy [graole 00:36:56] to you. I know that’s going to be the case. Some of you it’s not going to be what you need.

You can change the trade around a little bit based on your own preferences to either increase return. I will say this however every time you increase the
best case scenario on a trade like this you’re also going to increase the worst case scenario. Let me give you an example. Let’s say that you went back to
your options, to your trade here and you said, “I think gold has the ability to really run so I’m not going to sell this in December I’m going sell in
January. I’m going to sell a lot further out of money.”

Let’s go see, let’s do a 28 strikes gets. I’m going to sell the 145 here for $1.10 and see what that does. Notice much bigger potential return. Some of you
might look at that and say that’s a lot of more like a five month return I’m talking about. 18% return in five months. I can live with that your down side
is still limited. You still want to get a 3.5% return so again still might look at that and say yeah I like that trade.” You also have to take into
consideration the probability of that actually happening. Let’s go back to my chart.

What’s the probability of gold going back to 145? It could happen, right? That’s a bullish scenario so that could happen if it bounces here. If that’s the
case you might structure your trade a little bit like that. How about the probability of it going back to 124 versus 145? You see where I’m at here. The
probability of that going back to 124 is actually very high. There’s a very good chance it goes back there whereas 145 it may or may not happen. Build that
into your expectations when you’re looking at the trade. I’m on the areas of the side of caution here. I’m going to sell the December and I’m still going
to sell relatively close to the money.

I’m going to sell the 124 for $5.10. The next question and Ian, you’re asking a good question here. What happens if gold doesn’t move? What happens if I
get through September and all over sudden my put is gone? Then what? I’ll get to that question here in just a minute. I’ll tell you in short answer to that
question right now, although I’m structuring the options with different months to begin with I will very rarely ever be in a situation unless it’s a bully
situation where I find myself with only one of the two options open.

Otherwise I usually close both options and repositioning. Just because I opened them with a time differential doesn’t mean I’ll ever be in a situation
where I may be somewhere between September and December left hanging out to dry without protection. I can always buy that covered call back at any time
when it’s out there in December. I don’t have to wait until December to close that trade out. I can close it next week if I want. If we get the bounce in
gold next week back to $140, I’m out.

I think the best way to illustrate this is talk about the two extremes of what could happen. That’s what I look for when I trade this type of color trade.
I’m looking for volatility. I’m looking for big movements one way or the other. Let’s talk about those two potentials. Let’s assume that gold … We’ll talk
about bullies first. Let’s assume the gold bounces from $120 up to, let’s say we get a 200 bounce in gold in the next 60 days. I’ve got this put in place.

We bounce back up to $1,400 an ounce. I know there’s some analyst out there calling for that right now. We’re going to see a potential rebound up to $1,400
and then a potential pull back down maybe even to the $800 range a year from now. Let’s say we get this bounce in the next 60 days up to $140 on GLD. What
are my options worth? There are tools that are available. I’m going to take the time to show you how it works real quickly.

We’re going to look here, my September puts, then we have the $119, it’s analyze tab here. I’m just showing you one of Trade Monster’s trading tools.
Spectral analysis, what this allows you to do is make some assumptions. We’re going to assume that 60 days, I will say we get through … Let’s not take it
all the way to those days. Let’s say by the end of August. That’s not quite 60 days. We’ll say by August 31st that gold moves to $140 an ounce.
What is my put worth? As you can see here, not much. In fact, nothing according to this, zero dollars and zero cents.

Maybe if, as you can see as I scroll down it gets higher and higher in value depending on where the stocks … I clear it up at $140, this thing is
worthless. Which is what I would probably have expected at a move to $140. It’s still going to cost us a nickel sell it. We let it expire. Let’s say it’s
worthless. I just lost more than 85 bucks. How about the call option? What’s it worth? Can I do the same thing? We’ll make some assumptions in here. This
one I’ve gotten December and we’re doing $124. Analyze, we were saying by August 31st. We were saying $140.

$17.60 roughly. That’s showing the $12,000 gain. I was assuming 10 contracts here but I’ve actually shot at that call. If it’s worth $17.60, I sold it for
$5.10. For me to go and buy it back, I’m actually at $12.50 loss, 1,250 bucks. I’m up roughly $2,000. Not quite. I’m up a little over $2,000, $2,049. In
this case let’s do the math. I’m up $2,049 in my stock position with the ETF and I’m down $1,600 $17.35 in my options. I’m up about 350 bucks will say.

At this point you’re 350 bucks, your maximum potential you gain you were going to make was $474. At this point what I would do, go and close a trade. It’s
not your maximum $474 but you’re only three or four weeks in. I guess a little more than four weeks. We’re about six, seven weeks into this trade. I’m up
maybe not 4% but I’m probably at 3% and I’m only in it two months. That’s a lot better return investment. 1.5% a month or 3% in two months, that’s a good
return. I don’t care who you are.

If I can do 1.5% a month that’s 18% annualized returns. If you’re doing those types of returns and having risk managed like this the whole time, that’s a
great potential trade. In this case you could adjust it. I won’t go into the adjustment strategies that we teach at OptionsANIMAL right now specifically in
this but this is an idea of what you would do if you got the big pop up. The question, you end up having to pay insurance three more times. Actually I
don’t. The reason why I don’t is I just closed the trade. Get out.

Buy back that cover. Even though it’s in the money and it’s theoretically clear until December, close the trade, get out. There’s only another dollar in
change left to capture anyway. If I was sitting in a different situation and maybe that thing was still worth, maybe it was worth $22.60 instead of $17.60.
Now maybe it’s a little different argument. The options only were $16 of intrinsic but the market value is still at $22. There’s still another $6 to

I might hang in that trade for a little bit and wait. In this case with the option having very little extrinsic value, very little juice left to squeeze,
just close the trade. Go to the next one. That’s one of the things that I have to try to portray to you here. This is a trade. I’m not talking about the
gold in your safe. If I’m protecting the gold in my safe as part of my diversity, part of my retirement so to speak, part of my personal hedge against
inflation, when times are uncertain, I can buy puts in a separate account.

I can do the delta measurement to measure how many puts I need to buy in comparison to how many actual ounces of gold I own in my safe at my home or in my
safe deposit box at the bank. I’m not talking about that. I’m talking about this is a trade just like it would be on Apple or Intel or wheat or whatever …
Wheat gets a little bit tricky there because you have to be able to store it. You could trade, some ETFs that trade wheat. This is just a trade. I have the
opportunity to take advantage of momentum.

Here is where really to me, where it really hits home is showing you how I am hedged the whole time. In cases of major uncertainty which I know is out
there about gold right now. Again there’s [pondense 00:49:28] on all sides. Some people calling for $600 an ounce, some people saying this is a
generational low and you need to get back in again. For those of you who missed the run up to $1,900 last time, here’s your chance. You have to pretty
brave to be able to do that.

Either that or have really deep pockets because if you go in and buy GLD right now at $1,950 and it does drop to $800 an ounce. What’s going to happen?
Well obviously you just took a 30% haircut in your investment. If all you own is the ETF but watch what happens to the options. Again, I’ll walk you
through the exact same scenario. September is first so my put option again we’re going to see what happens in a couple of months which could go that
quickly or maybe, probably. We’ve dropped $400 in the last 60 days. We’re going to now assume that we dropped down to 80 bucks, let’s just say $85 so that
should be on my chart. $80 is off the chart right now.

My put is worth $33.88 and my covered call or my short call is worth selling the 124 dropping to August 31st and dropping the price down to $85.
Call is worth nothing. Captured it all. Did I look at the right one? Yes I did, December call option. It probably again it’s a 124. We’re talking about an
option that’s $40 out of the money at that point. We’ll still say it’s going to cost us some money to close it out. We’ll say $10, 10cents for easy math.
What I’ve done now I’ve made $500 profit of my short call. I’ve made $29.03 profit or $2,900.03 in my long put and I’ve lost watch this; I don’t want to do
math, $44, $34.51 minus $34.51.

Let’s do the math again of where I’m at if I get this enormous drop. I’m up $500 in my call option. I’m up $2,900 in my put option so for a total profit of
$3,400.03 and a total loss in my ETF position of $3,500.51. I’m not profitable here. With this ETF we just got chopped by a third. Gold just dropped the
$800 an ounce. There’s blood on the streets in CNBC right now. Panic is, mayhem is out here just running a mark amongst gold investors, and everyone’s
crying for Armageddon. I’m going to breakeven.

Folks I don’t care where stocks, where ETFs where gold is moving because of this specific type of trade. This type of positioning allows me to go in and
say alright I’m willing to bet the gold has found a bottom here and I think it’s going to move higher. You have to understand option strategies to be able
to do it. Otherwise, as to anyone’s guess as to where the gold market is going next. Personally I it’s probably found bottom. I think $1,200 is a good
entry point. We’re probably going to see it start to move higher but I’m not going to do it from a trade stand point without some type of protection like
this strategy right here.

Everybody is wrong from time to time. What I don’t like to do is I don’t like to lose money. I’m willing to give up some upside, again if we went back to
the bullish side. If I did have a move up to $1,400 in ounce right now I’m only going to make about $400. I’m only going to make $4 or $5 on that move up
on the $20 move that occurs. I’m willing to give that up for an opportunity to consistently make money time and time again by including this kind of trade.

I may have to be patient some times and let my options protect me because what happens when I get here? I do one or two things. Either I close the trade
out and just say alright I walked away from a 33% bidding on gold and I took a $50 loss plus commissions. I took about $80 loss here. Where I would have
been down $3,500 that’s one way to look at it. The other way to look at it is you can say well gold is now down 850 bucks I really don’t think it’s going
lower from here but I don’t want to risk that either so you reposition your caller trade. You sell your put you buy back your call and now you buy a new
put. You don’t have to buy clear appear $119 anymore because your cost basis is basically down at $85.

Now you buy the $85 put and maybe you sell the $100 call. If it can bounce back to 1,000 bucks. You don’t have to do very [manities 00:56:25] of these
before you very quickly can lower your cost basis to the point if you get any type of bounce back up at all. You can hit some pretty significant profits
pretty quickly and actually end up selling for a much lower price from where you originally bought in and still end up making a nice profit. Having said
that let me just summarize my trade and the go back to the PowerPoint summarize some of the key rules here. I know we’re running out of time and I know
some of you are already asking questions about okay how do I learn this now.

We’ll get to the adjustments a little. Let me get to the summary. I will say this, two key points with this. When I adjust my long put and my short call
together I buy them back same time, very rarely only in the really bullish scenario to do I really let one or two of the options stay in there. I’ll let
the short call stay in there for some time to squeeze all that premium out of it. There are two times when I do it in a bearish trade.

Number one is the ETF is found bottom. How do I know this? Due to my technical analysis. Number two is my long puts approach and expiration. If I’m there
and I’m approaching expiration, and the stock is still dropping well gold is still dropping and I want to still stay with it. Then I need to reposition my
trade. Buy that short call back, excel the long put go in and reposition. Buy in some new position. Reasons why I trade callers on gold, it allows me to
have long term ownership if I want to but I can also trade it. Gives me flexibility to trade bullish, bearish and the key thing is I don’t have to care
about the timing to be exactly right on the entry points.

It acts as a safety net for other types of option trades that can potentially get me in here ultimately preserving my capital. Like I said before I don’t
like to lose money. Warren Buffet had it right. The number one rule of investing, don’t lose money and that’s what this caller trade does for me. Let me
tell you a little about OptionsANIMAL. I know a lot of you have been asking. We’re an education company we teach people how to do this. It’s a picture of a
couple of our instructors, Eric and Karen.

We have 52 classes taught in virtual formats similar to this. We have debut live coaching sessions and you can attend those classes as often as you like.
It’s not just I attend once and that’s all you get. You can attend them each 50 times if you want and if you have the time for that, if you have the
bandwidth for that. Daily we have live coaching sessions that are open forum style where if you have questions about a trade, you can come and ask the
instructor a professional doing this.

We have two weekly streaming work updates and the midweek updates as well as the weekly market recap. We have blogs, Twitter, Facebook all kinds of
E-publications we do to keep our students informed. We have home study materials, PDF downloads for every one of those classes that you can print out if
you’d like or you can just do them digitally.

We have a weekly animal trades. Those are trades where we actually teach our students when we’re trading, showing them how we trade, and essentially them
looking over our shoulders. Lastly we have these couple of last things. We have a community that’s made up of students that is one of the best trading
communities in the world. Hands down the most educated options community in the world.

The people in it are just phenomenal. Regardless of where your expertise is, whether you’re an absolute newbie to options or whether you’re advanced and
been doing it for a while, you’ll find people in here who can help mentor you and get you to the next level of your trading.

We also offer three to four student summits per year which are all part of the tuition package when you join this. No additional costs. I know these
student summits a lot of times you’ll spend $3,000 to $5,000 to go on an event like this. We do three or four per year and they’re all just part of the
education. There’s no additional cost to attend these big live events. The next one we’ve got coming up is a little over a month from now in Washington DC.
The last one we did was in Las Vegas, the one prior to that was Hawaii.

I think our next one in the calendar after DC is Orlando. We’ve got a lot of different events that you can come to and learn in that type of style if you’d
like to. If you have questions about our education, how we can help you, give us a phone call. One thing I’ll promise you from the CEO standpoint, we will
make you a better trader. Regardless of your expertise level right now, we will help you get to that level in your investing that will help you sleep at

I know that’s one of the key takeaways that I have from trading this way. When I first started trading it’s stressful. You wake up sometimes in the morning
going, where’s Apple going to open this morning? I don’t care what gold does on a day to day basis because I’m hedged. The way I trade takes advantage of
it. If you do see interest to just have some value today give us a phone call, we’ll save you some money if you want to get started right now. Call us in
the next 30 minutes to put your name on the list for a 25% discount.

The number if you’re calling from United States or Canada 888-297-9165. If you’re international, excuse me, unfortunately 888 don’t work give us a phone
call, country code is 1, area code 801- 331-7500. Thanks for joining me today everyone. Like I said, the one promise I’ll make to you is you’ll sleep at
night and still make money. Thanks everyone. Have a wonderful day. Thanks for joining us. I look forward to seeing you all in class.

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Stephen Sorrick
Stephen Sorrick
20:36 29 Sep 18
The presentations were all highly informative.
Carroll Rogers
Carroll Rogers
02:34 24 Sep 18
Options Animal has proven to be interested in the success of me as a successful trader. Their staff has answered my questions, and the presentations give a good understanding about many option strategies that I did not know existed.
Gopal Kalra
Gopal Kalra
19:03 28 Nov 22
Absolutely best school to learn options trading, OA has the best instructors and a fantastic curriculum for anyone who wants to learn and trade options, OA is by the the best online education for learning how to trade using options.
Jim Hores
Jim Hores
19:54 10 Jun 19
I found this to be an outstanding program - in-depth knowledge you cannot find anywhere else and the staff is always very supportive. I give it an A++.
John Daggerhart
John Daggerhart
15:56 14 Sep 18
Fantastic accredited education! The courses are worth every penny. If you're serious about trading options, then Options Animal is a must. Great customer service and the one on one guidance is exceptional. Go for it!
Sergey Golub
Sergey Golub
21:22 19 Dec 19
If you a new or an experienced options trader this is very much desired service where you can learn a lot and get help when you need it most from live coaches at Options Animal.Keep up guys with great work!S. G.
Karim Lopez
Karim Lopez
19:40 29 Oct 20
Guys.,, I´m enchant, the learning is being great, I personally have to tell you that the return on investment was in 4 weeks, I´m so happy I feel blessed that I found options animal. Eric, Karen Jim, Joe, Charan, all instructors are great and easy to work with it.thanks for changing my life as an investor, I had 22 years as an investor and this by far has been the best of best learning experiences.RegardsKarim
Steve Rosenlund
Steve Rosenlund
22:16 04 Mar 20
Some classes are very technical, I can repeat them as needed. I would rather retake a class than see it dumbed down.
21:42 22 Feb 21
Very professional group. Brice Hogan provided excellent pre and post sales support. The instructors are diverse and provide different views on the same subjects which helps me to be thoughtful about the subjects and retain the information. The classes are well laid out and build upon themselves. The community approach provides me with an environment that will foster lifetime learning. This is not the first investment education company but their lifetime membership is an excellent value for my long-term growth. Thank you.
Kim Schaeffer
Kim Schaeffer
00:05 14 Sep 18
I've read books on options for over 20 years but really never felt like I had a specific strategy to hedge my stocks because there are so many from which to chose. OptionsAnimal has an excellent strategy/approach that allows me to hedge my stocks based on my personality style within the OA system. The instructors are brilliant and passionate about what they do and want nothing more than to help their students of all skill levels. Thank you OA!
William Klun
William Klun
19:44 28 Dec 20
I've done a lot of stock and option training education over the years but this is the first place that actually delivered on what they advertise. They don't just give you trades or give canned formulas to execute, they give actual training courses and make sure you understand them before moving on to more advanced topics. There is ample opportunity to get feedback from instructors on any and all aspects of option trading. I had been trading for years before signing up and I didn't know how much I didn't know. I am so much more successful in my trading than before and I'm learning more here everyday. Worth the price of admission!
Jonathan Nelson
Jonathan Nelson
15:31 04 May 19
Very well put together. Informative. Pleasent community.
Baby Steps
Baby Steps
06:32 10 Apr 22
I don't usually pay for stuff like this because I feel all the info I need is free on YouTube. I stand corrected. Their training program is excellent and they have fantastic customer service. I have learned so much since I started using their curriculum.
Gerry Young
Gerry Young
18:22 28 Jun 19
I've been an Options Animal member / student for a bit over a year now and am incredibly impressed with the organization, their depth of knowledge, their teaching methods and their support of their students. In fact, I just signed up for life time membership so that I can continue to make use of the resource for the rest of my trading career.Before becoming a student of O/A I had been studying options trading technique on my own, attending webinars buying books from Amazon & etc. for about three years and not doing very well at it. I was also trading equities as I had been for the past 17 years and my portfolios were increasing in value from my efforts but not by leaps and bounds. In fact I was just covering living expenses plus a little bit and looking for a way to become a more successful trader; hence my foray into options.Joining Options Animal was like stumbling out of the woods and into the sunshine. "Don't try to trade options until the end of the course when you will have learned how to do it." was their first piece of advice. ( Wish I'd had that tattooed on my wrist three years ago. It would have saved me a bundle.) Next piece of advice: "If you do experiment with trading options just count the results as increased tuition costs." (Yeah, I had to learn that the hard way.)Then they proceeded to a very detailed analysis of markets / equity trading with instructions on where to find the real information for fundamental analysis. This alone resulted in a measurable improvement in my efforts at equity trading. After that it was straight into options, "the Greeks" & etc.What makes the O/A teaching method a cut above anything else, in my opinion, is that there are four primary instructors all from different backgrounds who each teach all the lessons in the curriculum. All of their efforts are recorded in the O/A archives which gives the student the ability to gain exposure to the same material from four different perspectives. And because the instructors are continually presenting the material over time one can gain a better understanding from listening to the same person giving the same talk but in a slightly different way.Any points not clearly understood can be repeated instantly or reviewed in its entirety later. Students can also interact with the instructors in real time during the scheduled sessions or attend the weekly open forums to cover specifics and have additional questions answered. One is not locked into a rigid class schedule which is going to move forward whether the student understands the presented material or not.In addition there is a bulletin board / chat room organized by courses and lessons and related subjects where students and interact and learn techniques from each other and the participating instructors.Long story short: if you really want to improve your trading to the point where your success rate is above the ninety percentile point then Options Animal is what you've been looking for.
Ivan Peytchev
Ivan Peytchev
21:44 04 May 19
James Diehl
James Diehl
21:08 18 Jul 19
My wife and I have tried other on line trading academies and were not impressed with them at all. We became very frustrated to the point of almost giving up the idea of ever being able to learn how to trade options. We heard about Option Animal and decided to give it one more try and we are glad that we did. We were immediately impressed with the entire program. The lessons, both live and archived, are easy to follow and very well done making it simple for even the most novice trader to understand. The instructors are extremely knowledgeable and offer personalized attention when needed. We highly recommend Option Animal if you are serious about learning how to trade options.
Kaleb Fife
Kaleb Fife
14:40 22 Jul 21
As a 23 year old with a decent amount of trading experience, I decided to try options. It always seemed “scary” which led to me trading other things like crypto and stocks. I always thought options were interesting but they seemed more complicated. With “theta” and “delta” and strike price and all these other things that made it seem super hard to understand. I finally decided I wanted to try them and started watching some YouTube videos but it still wasn’t really making sense and was hard for me to wrap my head around. That’s when I was introduced to OptionsAnimal by a friend. OptionsAnimal is a great options education for all skill levels in trading, from beginners who have never traded before, to more advanced traders looking to hone their skills and engage in a community of real, honest traders, not “gurus” trying to sell stock picks or other services. The education breaks trading down to a fundamental level that focuses on learning how markets and trading work, as opposed to just putting out stock picks or a single trading strategy that doesn’t always work. Instead they focus on building an understanding of why and how and provide a framework for building your own strategies based on solid trading theory. They also simplified the daunting jargon of options and made the Greeks, and other seemingly complicated aspects of options easy to understand and utilize in trading. The biggest benefit of OptionsAnimal beyond the education, however, and the thing that I think separates them the most from any competitors is the community. There are always live classes being held either covering education material, or live Q and A sessions with instructors, or weekly market updates on how the markets are acting, upcoming potential catalysts, etc. In addition, there are forums in the website where all of the instructors are available to communicate with and ask questions to, as well as the entire community in general. Overall it is a far superior experience to other competitors I have tried. I would recommend to anyone looking to get into options or looking to advance their skills and understanding.
G.K. Self
G.K. Self
22:46 19 Dec 22
OptionsANIMAL is not the first trading education I've paid for, but it is BY FAR THE BEST! I've been studying with OA for about 18 months and have not once been disappointed in the instruction or support services. OptionsANIMAL is pure class all the way through. The instructors earned their way into their positions, so they speak with real rather than theoretical knowledge. The lessons plans are clear and comprehensive, and the instructors are skilled communicators. They are also accessible as you can address questions to them and they actually respond.I have gained so much trading confidence through OptionsANIMAL that I see it as a vital part of my life. The emphasis on secondary and tertiary exits has allowed me to react confidently whichever direction the market turns.I could go on to the point where this review would lose credibility, so I'll stop by saying joining OptionsANIMAL is one of the best decisions of my life. It has blown the doors of possibility wide open for the future.
Steven Hollosi
Steven Hollosi
17:14 26 Jun 20
I have been trading options for several years with some success just as a hobby, when I decided to trade options as a business and a source of a regular income, i searched for an educational platform to enhance my understanding and of the market dynamics when it comes to trading option I discovered Options Animals, called them, confirm that this was an educational focused platform that I could benefit from. The rest is history, I could not be happier with the results and support I received over time. They will teach you on how to enjoy the success rate of 90 plus percent of profitable trading with a thoughtful methodology and a plan of execution.
I am sold for life. Keep up the great work everyone.
Thank you,
Steven Hollosi
Douglas Weed
Douglas Weed
22:45 23 Oct 18
Zack quickly answered the question I had about choices for brokerages with respect to commissions.
Amànda Dorion
Amànda Dorion
23:28 16 Oct 18
Options Animal has been great. The instructors are fantastic and everyone is always very willing to be available and answer any questions. The way the material is set up also flows very well.
18:57 04 Oct 18
They have wonderful teachers, I learn a lot from them. Even the tuition is expensive, but from what I have learned, it is worth and will benefit for the rest of my life.
Alphaeus Timiebi
Alphaeus Timiebi
17:07 06 Jul 21
Trade with MRS Sherry Murphy and her company and have a wonderful trading experiences where your money is rest assured and your profit is very easy to withdraw.. I just made another withdrawal and I think it's worth testifying. Contact her
[email protected]
WhatsApp :+ 13153028128
Dearl Dotson
Dearl Dotson
02:10 04 May 22
This course is the most in depth study of options that I have experienced. Having over 30 years experience trading in the stock market and an MBA, I thought I had knowledge. I did but it was only superficial. Well worth the money.
Mr. Bodin Hugger
Mr. Bodin Hugger
17:20 13 Jun 19
Excellent training from multiple experts.Member as of February 2019. I have completed up to level 3.Trading options since 2009-2011 when one could throw a dart and win!Excellent archives for training classes with Kathy, Joe , Eric, Charan , Jeff, and Horace. These are excellent educators because of the different styles each educator brings to their client.OA Trader work shops offer insight on how to think.The Wednesday and Friday updates also educate the client on how to think. These updates educate the client on how to separate the noisy events from those that are important.Entering into the options trading world with out OptionsANIMAL training is foolish.I am very pleased with the value of my decision to join OptionANIMAL.I wrote with review on my own accord and will stand by this review.Bodin Hugger, JRMetaire, LA 70006
Joshua Foss
Joshua Foss
18:23 29 Sep 18
Motivated me to learn more
Charlie Gray
Charlie Gray
23:27 10 Sep 18
I have had a wonderful experience working with the instructors from the community and working with Zack and Warren. What I like most about OA is that when you have a question about any option the instructors are able to answer any question they are well versed and understand the material, also other people from the community sometimes will pitch in and offer some answers. If anybody wants to learn about options The Animal is the way to go. Thanks guys Student Charlie
Peter Kangethe
Peter Kangethe
07:33 01 Jan 22
A great investment for myself in options trading education. Very experienced and passionate educators. Acces to live and archived training material was key for me due to time diference. The curriculum is very well structured and this combined with weekly market updates helps you keep in tune with the market. Last but not least, a fantastic community to interact with through your training and trading journey.
Dana Podliska
Dana Podliska
03:41 18 Dec 18
Before joining OA, I had only traded equities and it was suggested to me to get into options. After watching tons of YouTube videos about how easy it was to make money using options, I felt that I was missing something. After some research into different option services I choose Option Animal and believe it was the correct choice for me. Through the teachers at OA and many hours of classes that they present, I feel like I am getting the knowledge and answers where all my other sources fell short. I am confident that after completing the courses I will have the knowledge necessary to trade successfully.
Markus Bandomir
Markus Bandomir
14:53 18 Jan 18
Blaine Jones
Blaine Jones
01:36 25 Jun 19
Options Animal is one of the best, if not the best, educational experience I have ever had. If there were more than 5 stars I would rate them a 10.
oliver fox
oliver fox
03:42 11 Nov 18
OPTIONSANIMAL,OPTIONSANIMAL,OPTIONSANIMAL!!!! the very BEST in options education.-------- the very BEST.
Steven Hollosi
Steven Hollosi
17:44 26 Jun 20
I have been trading options for several years with some success just as a hobby, when I decided to trade options as a business and a source of a regular income, i searched for an educational platform to enhance my understanding and of the market dynamics when it comes to trading option I discovered Options Animals, called them, confirm that this was an educational focused platform that I could benefit from. The rest is history, I could not be happier with the results and support I received over time. They will teach you on how to enjoy the success rate of 90 plus percent of profitable trading with a thoughtful methodology and a plan of execution.I am sold for life. Keep up the great work everyone.Thank you,Steven Hollosi
Kevin McDermott
Kevin McDermott
20:02 23 May 19
Even though I have been trading options for a couple of years, I was happily surprised by learning things I either did not know or did not understand as well as I should have.Excellent education program that is good for everybody from beginners to experienced options traders. Plenty of resources and actual people who can answer your questions or help you deal with any unexpected difficulties.Top notch organization doing top notch work. Check them out.
18:13 15 Jul 19
Curt Rosemann
Curt Rosemann
17:40 12 Oct 18
By far the best I have found for indepth training and insight as how Options really work. Logical class order. Highly knowledgeable instructors for each element whom can provide detailed answers to any questions.
Rina Shinn
Rina Shinn
17:58 01 Feb 20
This is the program that I wish I knew at the beginning before I poured in ridiculous amount of money in order to learn about options trading. Highly recommended.
Sunil Tomar
Sunil Tomar
19:05 29 Sep 18
Rick Gregory
Rick Gregory
00:17 08 Sep 18
Very thorough training program. Accessible trading professionals. Excellent community willing to help you succeed.
s hart
s hart
21:26 04 May 19
The knowledge I've gained from being involved with Options Animal since 2013 has been extremely refreshing & tremendously helpful. I don't have to fret about what's going to happen with any trades I have going, because I already know what can happen in any type of market movement and thus, can prepare accordingly. If you have intentions of becoming a trader yourself, whether you're a rookie or have played with the stock market for years, this is the place you want to be to get you aimed in the right direction. The instructors are amazing - very knowledgeable & deeply caring. The membership community is wonderful. Getting with these people personally at the Summits is a great thing. You most-likely will end up with some wonderful friendships with fellow traders (and instructors) in the community. The things you can do with this education are limited only by you.Scott Hartman - OA Graduate
Sule Aliyu Abdulkarim
Sule Aliyu Abdulkarim
18:01 04 Dec 22
DiVerge Fitness
DiVerge Fitness
17:35 22 Dec 18
Great service for learning the correct way to trade options.
Brian Hores
Brian Hores
13:59 11 Jun 19
A well structured curriculum to master the intricacies of options trading. Archived sessions allow you to go at your own pace and review areas of weakness. Live classes with instructors are interactive with a chance to ask questions. The teachers are great with helping to clarify issues and help you succeed. Following he Options Animal 6-step process will lead to trading success. The tuition is worthwhile compared to paying the school of hard knocks. I haven't mastered everything but am a much more confident and profitable trader.
Kevin Goodwin
Kevin Goodwin
21:41 07 Jan 19
Stephen MacLean
Stephen MacLean
02:27 11 Jan 19
Carol Sadlowski
Carol Sadlowski
16:41 21 Sep 18
I am enjoying my experience with Options Animal. If I can’t get to a live class I can always get the same information from three different instructors in archives. The live forums are very informative from these experienced instructors.When sharing their one transaction they do per week, they always encourage the safe way and give you the step by step process they use.They emphasize the risk to keep you grounded.I enjoy the mid-week and weekly reports they present also.
Tako Ichi
Tako Ichi
22:10 08 Jul 22
This is the best place for options trading educations. I was the one jumped in slowly. Took a few of their free classes. I saw they gave good values. Then, joined their "beginner" classes and later upgraded to their full curriculum. And now, I am a lifetime member. The only regret was that I didn't join earlier and started trading options sooner. Take advantage of their free classes and see for yourselves.
Merlin Andrews
Merlin Andrews
16:01 06 May 19
The best options trading education available that I have ever encountered by far, and one of the best values in any education. Great instructors, a very supportive community, and a tremendous amount of information and content. Not get-rich-quick, but life changing if you are willing to put in the work.As a graduate of the program, I continue to learn and grow from everything provided by OptionsAnimal and continue to improve.
Edith Falls
Edith Falls
18:48 10 Dec 18
18:16 01 Oct 18
This was my first Summit experience and I thought attending was very worthwhile. The programs and materials were helpful and the open session Q&A following the presentations was great. I left with six other OA members contact information to really get into the “community” feeling!
Thom Ianniccari
Thom Ianniccari
18:07 29 Oct 17
Great education and support to learn to earn. I have done a lot of investing education and this is one of the few systems that gets a gold star.
Sylvia Steinheiser
Sylvia Steinheiser
20:46 16 Jun 22
Hands down the best financial education program I've seen. Game changing in terms of my knowledge and performance!
King Cone
King Cone
23:23 08 Nov 18
We have been with Option animal for 7 years plus. They have delivered on all levels. If you want to learn to trade options there is no better education. Make sure you finish all you levels before you start live trading if you don’t your education will cost you more as I learned the hard way . One other point make sure you try to attend as many conference that Option animal puts on you will not be disappointed .Your trading skills will get sharper and most of all you will meet a bunch of great traders
Robin Pfeil
Robin Pfeil
20:47 14 Sep 18
This was a great review of basics, with a substantial amount of more advanced information. It was a solid day of education with very minimal fluff. A worthy use of the time.
Eric Hale
Eric Hale
14:35 19 Apr 22
The best place to learn how to trade stocks and options.OptionsANIMAL teaches a unique, straightforward 6-step process. It's flexible. It allows you to develop an approach that is suitable for you. Works for large portfolios looking for protection and income. Works for smaller portfolios looking for leverage and growth. Their process steps through developing a trading plan that works in any situation - bullish, bearish, or stagnant. And, more importantly, the plan allows for adjusting when the trade goes against you. There is a vibrant community of like-minded people. The instructors and members are available to provide support and ideas everyday. Daily market updates. The instructors share real-money trades from their portfolios every week. Fair warning, there is a learning curve. Like anything good, it requires some time and effort on your part to to get through the curriculum. Live and recorded classes allow you to move at your own pace. The instructors and community members are there help you along the way. You should definitely check it out. There's a reason why thousands of people have been through this program: it works.
Bill Madison
Bill Madison
16:42 07 Feb 20
The lessons are excellent, organized and easy to follow . Can take you from beginning student all the way through "PHD" level options trading. Several instructors to choose from (all good) and each has his/her own style to make learning FUN. The best part is : you become a profitable trader.
Joy Chidinma
Joy Chidinma
02:10 23 Oct 21
I never believed it works this way, i was very doubtful about Bitcoin and all other online trading , I decided to risk $600 with Mrs Peggy Abbott fx, after I saw testimonies of people on how good she is but I was Very skeptical but she prove me wrong with my first trade and I'm so happy today, so I'm recommending her to everyone of you to invest with her and testify like me. Contact her now on
Email: [email protected]
WhatsApp +1(475) 295-1383....
Linda Wood
Linda Wood
18:20 04 May 19
Hal Maughan
Hal Maughan
03:17 08 Sep 18
Great info and very helpful
Bailey Pate
Bailey Pate
00:17 18 Sep 18
OptionsANIMAL has been awesome thus far. Great course material with teachers who are willing to help you through it if it doesn't make sense. A worthwhile investment!
Michael Lawrence
Michael Lawrence
22:02 12 Sep 18
Options Animal is an excellent organization. I am very happy that I have found them. The website is wonderful and easy to navigate. Options are a complex instrument and they certainly know a great deal about their subject matter. Greg, Jeff, and Casey, as well as the other members of the company are all warm, kind, funny, helpful and extremely intelligent. Options Animal is a solid organization. I am very excited to move toward a complete understanding of options. I hope to grow along with their company in the future. I would give them a stellar review.
Bruce Ash
Bruce Ash
21:22 01 Jan 19
OptionsAnimal has been a great experience. I have learned a lot about options. It is nice that you can learn at your own pace and get help as needed.
John W. Tompkins
John W. Tompkins
19:18 10 Sep 18
Becoming a lifetime member of Options Animal was a great decision. The demands on my life do not allow me to schdule regular classes. With the flexible curriculum that OA offers, I am able to stay on top of my OA education, practice trade when time allows, and remain an active member of the OA community. You owe it to yourself to investigate the OA 6 Step Method, it will change the way you look at your financial future.
Ken Carley
Ken Carley
10:59 06 May 19
Been a member for almost 9 years. Always learn something new when I attend their many free summits around the US. The instructors are great and very available to the students. Absolutely the best Options Education anywhere.
Nag Malluru
Nag Malluru
16:16 09 May 19
I like the education that OA provides and it is really interesting to see all these strategies in real world. I am seeing the difference already and excited to be part of this.Community and Live tabs are amazing and helps us to stay connected with the schedule and other member thoughts etc.
Scott Walz
Scott Walz
16:43 02 Dec 20
Options Animal has been great to work with. There are many trainers to work with who have different styles of teaching and trading. I have found several that I like and learn from. The training they gave me has benefitted me so much that the gains I have made in my trading account has more than paid for my subscription to the lessons. Love this company and their trainers!
Edward Parker
Edward Parker
01:44 22 Dec 20
I took the plunge with OptionsANIMAL because I was tired of "running in place" with my options trades. I'm just getting started with the Level 5 classes, and already my trading results have improved, substantially. The amount of training material that is available is incredible. If you take the time to actually study the material your trading will never be the same.
Robert Brown
Robert Brown
00:24 15 Nov 18
It is legit with certified courses and tax incentives.
Rex Villarruz
Rex Villarruz
02:39 11 Sep 18
To GOD be the glory.January 2016 my wife and I started this journey.May 2018 I quit my good job and pursue this trading carrier.Thanks to "OPTIONSANIMAL" system, now i managed our 401K and IRA,by doing a covered calls and collar trade.I learned that the market is dynamic, not all of my trade need a stop loss in place, instead i learned how to do adjustment if the play is against me. I only focus on the strategy that is working for me and fit my lifestyle. I keep repeating it. Very important is money management and position sizing in order to survive in this business.
Jeffrey Nee
Jeffrey Nee
14:29 30 Sep 18
Excellent teachers dealing with a complex subject to a room full full of varying skill levels. They succeeded.
Mike Woollen
Mike Woollen
02:54 31 Dec 22
I've been a member of OptionsAnimal for approximately 5 years and have completed all 8 educational levels. They are terrific! I get dozens of emails daily with various other groups promoting their products to "hit it rich" with stocks and options trading, but I find that most of them are promoting their products to enrich themselves. But with OptionsAnimal, each instructor and the staff really care about providing a top-notch education and quality advice. After 5 years, I realize the more I know the more I realize how much I don't know! So, having access to the OptionsAnimal educational materials whenever needed is really helpful. I wholeheartedly recommend OptionsAnimal!
William Dedes
William Dedes
15:32 12 Sep 18
I recently joined animalsoption. I may be a slow learner but I like to take things at my own pace. This program is very educational and extremely helpful in my self directed portfolio. I have been listening to the lessons at my own speed. The recent seminar I attended in Buffalo New York was extremely helpful. They offered to return my tuition if I was unhappy with the program. The lessons have already resulted in profits for me so I doubt I will be asking for a refund. Animalsoption is awesome.
22:13 11 Nov 21
I have been a member of Options Animal for slightly over a year. This is by far the best service I have ever used. My membership includes the education, weekly market reviews, Instructor Trades, and twice a month interactive session with one of the instructors. I find everything to be highly educational and helpful to help me become a successful Options trader. I love Options Animal and will become a lifetime member soon. I have had a great year.... Thank you Options Animal!!!
John Daggerhart
John Daggerhart
19:30 24 Nov 18
Very straight forward solid education. No get rich quick B.S. Learn, follow, prosper!
Samuel Chimento
Samuel Chimento
13:10 14 Feb 19
Hello,I have been an Option Animal student for 5 months now and have completed levels 1 through 3. So far I have learned how to make directional trades as well as high probability credit spreads"Even though I have only completed the first 3 levels my current trades are ranging from 15% to 47% profit per contract. The winners are steadily rolling forward.I am looking forward to completing all the levels and learning debit spreads, hedged trades, straddles, strangles, collars and winged spreads.This education makes option trading crystal clear and easy because you will have confidence in what you are doing and finally enjoy making money on a daily basis.Most importantly, take your time and learn the material in detail, I think that is the secret to doing well!Enjoy your education.Sam
Christopher Chisholm
Christopher Chisholm
02:55 13 Jan 21
Very Educational, I have been trading options for some time and I have recently purchased their classes and I have learned a considerable amount in the little time I have been attending. So far I am very pleased I joined this community.
John W
John W
20:53 28 Jun 19
Brice is very easy to work with and does what he says he will do. Thanks again Brice for the good service
Danny Bayt
Danny Bayt
18:16 01 Jul 22
I am very impressed with the quality of education at OA. I am now confident that I can enter a trade with more than hope as a strategy.
Mark Zimmerman Sr
Mark Zimmerman Sr
20:32 07 Sep 18
If you want to learn options this is where you will lean it! Great education, even better support
Trask Messinger
Trask Messinger
12:57 05 May 19
thank you - very professional and informative Summit
Brett Johnson
Brett Johnson
21:39 12 Oct 18
am new to Options Animal since March of 2018 although I have traded options since 2011. While I am only half way through the curriculum, I find the content, instructors, and methodology invaluable. I very much appreciate the new view to trading that Options Animal provides, so much so I am considering migrating from a mix of stock investor and options trader to a pure options trader given the risk management and increased trade success taught at Options Animal.
Peter Schulz
Peter Schulz
16:08 05 Jun 20
This company is for real! The education is top-notch and can help you whether a beginner or a seasoned veteran looking for new approaches. If you are looking for the resources you need to add options trading to your investing, I can't imagine a better place to get it. The community is amazing and supportive, the instructors are great, and the site has endless archives to go through. Following along with experienced traders as they identify, make, and then adjust trades really drives the lessons home. I wish I had joined this 10 years ago.
Peter Schulz
Peter Schulz
16:07 05 Jun 20
This company is for real! The education is top-notch and can help you whether a beginner or a seasoned veteran looking for new approaches. If you are looking for the resources you need to add options trading to your investing, I can't imagine a better place to get it. The community is amazing and supportive, the instructors are great, and the site has endless archives to go through. Following along with experienced traders as they identify, make, and then adjust trades really drives the lessons home. I wish I had joined this 10 years ago.
Jackson Simon
Jackson Simon
19:58 25 Oct 18
Wonderful experience so far with this superior source of education on options trading. I continue to enhance my skills and knowledge week to week with the help of their highly experienced coaches and easy to follow curriculum. Learn to protect your investments now to ensure a brighter future in retirement and to pass on to your posterity. Highly recommended!
John S
John S
01:11 16 Jan 19
The Option Theory is adequate with but the concepts only really sink in when theory is further explained in some practical application examples or case studies using live and current stock prices .
Joseph Woollen
Joseph Woollen
04:03 15 Nov 19
I have been pleasantly surprised with Options Animal. Having used other options training programs with limited success, going through the Options Animal courses has been like getting a graduate degree. Their courses are comprehensive yet understandable, and it’s particularly helpful to go into their video archives to take the same courses numerous times - each with a different instructor with a slightly different teaching approach. And it’s hard to beat theIr support and collateral materials.I highly recommend Options Animal.J. Michael Woollen
Merlin Andrews
Merlin Andrews
16:27 05 Nov 17
By far the best educational source for options trading that I have found in my 4+ years of learning. An incredible amount of information, education, and support - worth every investment penny for anyone serious about learning options trading. The most helpful, passionate, and skilled instructors - all with different perspectives that make it easy to find your own path instead of getting told what your path should be.
Bruce Mazzare
Bruce Mazzare
05:09 07 Sep 18
Excellent course with a complete follow up & support system to insure learning !Thank you
02:54 30 Nov 21
Money well spent. They give you all the education you need. The rest is up to you.
18:55 22 Apr 22
How The Animals Play the GameOptions options endless bucksSounds so good but now I'm stuckTerms confusing, where to startThe OA coaches do it smartBuild your option with a planBalance risk reward and chanceThen like SEALS on secret missionsPlan your exits with precisionAnd if by chance you plan goes sourYou exits have a secret powerAdjust it for your profits claimThe only way to play the game- Bob the budding options guy
oliver fox
oliver fox
18:43 06 May 19
I am simply amazed at the amount of knowledged displayed by the option animal instructors at the Chicago summit.after having listen , and asking questions ,my knowledge of the stock market,and option has increased to a level way beyond that of the average trader. I am so thankful for finding optionsanimal.
Pam JB
Pam JB
22:00 17 Sep 18
Great program! The classes are very thorough and methodical and take you from beginner level all the way through advanced option adjustments. There are dozens of live classes every week, but you can also choose to watch recorded lessons from your favorite instructor. The mid-week and weekly market forums are a great place to get a truly unbiased review of the current market conditions and the monthly trader forums are a great resource to learn how the instructors are managing their personal trades. I'm looking forward to attending their two-day live seminar in Utah next week.
Jerry Boatman
Jerry Boatman
03:10 21 Dec 19
Fantastic Training that you can do at your own pace.
John Boulet
John Boulet
04:48 30 Sep 18
GREAT CONFERENCE !It became much clearer to me that options can be used to hedge risk AND be profitable at the same time.Would highly recommend Options Animal to anyone looking to improve their trading!
Susan Taylor
Susan Taylor
15:53 27 Apr 20
Options Animal is a very honest company. They will work with you if you need help.
Hippocrates Anthony
Hippocrates Anthony
02:58 26 Oct 21
I can't find a perfect way to express my profound gratitude to Mrs Beth Abrams brokerage that got me back on track after loosing huge amount to 3 different scum investment platform. Mrs Beth Abrams I truly appreciate your thoughtful act and heart of a raw gold. A decentralised crypto platform, specialized team with five divers withdrawal gateway without been charged of fees. These are my little way of showing appreciation 🥰 I truly recommend Text:+15513480454
Anthony Hyde
Anthony Hyde
17:43 30 Dec 20
If you are serious about learning options, this is the place to be. I got interested in option in late 1990's. I saw that you could leverage a small amount of money to make big money. Went in with a mind set of "get rich quick" attitude, that was a mistake. Did not touch options again until more recently. Thank goodness I found OptionANIMAL. I was skeptical but felt like I needed to learn more before giving it a try again. Glad I did because I learned a lot and continue to do so. To be successful you must put in the work and have a plan. OpttionANIMAL was the help I needed with material and teachers who were eager to share their knowledge. Here I was able to learn from the courses how to avoid all the most common mistakes, how to allocate your portfolio when making a trade, how to adjust a trade and much more.I can’t say enough about the teachers and how willing they are to help you learn and set you straight. They are all different and have different perspectives of how to handle and analyze the market. Each one brings different knowledge and experience. If you are willing to put in the time and effort you can up your game. There are no guarantees, but you want to make sure you hedge your knowledge to be on the right side of the trade.
EJ Esposito
EJ Esposito
20:12 28 Dec 20
I decided to become a lifetime member of Options Animal. The courses they have are very detailed and really answer the questions I have. If you find that you still have questions, you can reach out to the instructors for additional clarification. Also the courses are updated all the time so they discuss what the current state of options are, which is great! Im excited to continue my Options journey with Options Animal!
Robert Cronyn
Robert Cronyn
02:32 15 Dec 21
I was very hesitant to join Options Animal, I guess I'm just a suspicious person. I just never know if I purchase something like this, will be worth the money. I have traded for over 40 years, so I didn't know if they were just going to teach me what I already know. In the end, I went for it, and I'm so happy that I did. I just finished the course and it was more informative that I could have ever dreamed of. They also give you weekly trades and they are incredibly consistent with winning trades. I couldn't be more happy with the classes and the weekly trades. Most of the classes that I took were taught by a woman named Karen. She is one of the best teachers I have ever had and I graduated from UCLA. Her knowledge of trading options is top notch and the way she conveys that knowledge is very easy to understand.Options Animal was the best investment I have ever made!
Rob Helean
Rob Helean
01:42 12 Apr 22
After many years of trying, I now have confidence I can make great passive income through trading. Without OptionsANIMAL, I doubt I would have ever got there. The instructors and courses are great! I have not had a losing trade since joining. What has being key for me are the exit strategies, when Plan A has failed, you have a Plan B, Plan C.... This is key to becoming a success. In addition, I have found the weekly review a great watch. A good pulse check for how my own trading is going!
john kraus
john kraus
19:00 13 Nov 18
The experience and information have been outstanding thus far. I insist on thorough coverage when it comes to my interests and pursuits. OptionsAnimal are meeting and exceeding my expectations. The personel are very supportive as well. So far, i have interacted with Brice, Jordan and Warren. All of them were flawless in their professionalism and very personable as well. i never felt rushed in my inquiries and they efficiently offered complete and even comprehensive answers, making sure i understood what i was trying to learn. Thank you!! so far so good!John Kraus
Jim Jackman
Jim Jackman
21:55 07 Apr 21
I have been with options animal for a couple of years now. I was previously trading options with varying degrees of success but with no real understanding of what I was doing and whether or not it made sense. Options animal has given me a grounding that I needed to begin to manage my portfolio and understand the trades that I'm placing. It's training has helped me replace "greed and gambling" with common sense It is giving me an understanding of the options market. All of their instructors are excellent and it is a great virtue that they have and explain different approaches to the same lessons. I always find that I learn best when I review the same materials from different competent sources. Option animal provides that in great measure. In my opinion it is well worth the investment and I continue to look forward to their programs and trading analysis.
Howie Agster
Howie Agster
19:14 21 May 19
Webinars have great examples of a superb strategy trading options. First in money management and trade adjustments limiting losses. My choice for learning from the best.
Wendy McLaren
Wendy McLaren
01:57 06 Dec 22
I was with Options Animal for 18 months and learned so much useful information that I needed in order to trade options successfully. I am very satisfied with my experience working with them. There is an abundance of resources on their website and I was able to post questions to the coaches and other participants with responses that were quick and answered all my questions. It took a lot of hard work on my part to learn this but their education was top notch. They are a very professional company and I wish I could stay on with them but at the same time, I feel I’ve learned enough to move forward on my own. I highly recommend Options ns Animal to anyone who is truly wanting to learn to trade options
Jordan Oram
Jordan Oram
21:38 02 Mar 22
LOVE the course curriculum and instructors! I have been, and will continue, to direct people towards OA as the #1 place to learn both Options Training, as well as a deeper understanding of the important of knowing the market movements, impact of various meetings/announcements, and the value of deep fundamental research.Truly am much better for having spent the time with OA that I have and look forward to learning much more with them in the future as well!
17:25 11 Sep 18
I have spent many years and thousands on training and advisory services before taking the Options Animal training and can only say that I could have saved thousands of dollars of losses from my account and a lot of frustration had I chose them in the beginning.
17:56 30 Dec 21
David Vaillette
David Vaillette
06:25 17 Mar 22
I had tried training with a couple of other courses, and was losing badly. Happened across Options Animal, and it was a whole new world. Here I found out that it's a lot more than just buying or selling puts and calls. Better details on choosing equities, strategies to minimize risk and maximize using the markets direction. Great training available with multiple instructors. If the first one doesn't match your personality great, there are 6 more. Worked for me. Can't say enough for the training! Glad to be an "Animal"!
Dana Podliska
Dana Podliska
21:36 04 May 19
00:17 07 Oct 21
They teach everything you need to know about trading stocks and options. And they don't just teach you what a strategy is, they teach how and when to use it, how to maximize your returns, and protect yourself against market shifts! I had never heard of "trade adjustments" before OA, and now some of my biggest profits have come from trades I would've previously closed for a loss!Other companies send out trade alerts based on "back-tested" algorithms (hypothetical trades). Whereas with OptionsANIMAL you see REAL trades their instructors place with their own money! There is nothing hypothetical about them! The instructors share their backup plans and the due diligence that lead them to place that trade. These have helped me to refine my own trading and how I structure positions in my accounts.I am so grateful that I found OptionsANIMAL. If you are serious about trading, you need to check these guys out. You'll be glad you did.
Dora Murphy
Dora Murphy
01:44 16 Nov 21
Great company, Great investors, it's only when a company serves her investors with truthfulness and reliability that it may produce great investors.
This awesome company has been making thousands of people millionaires every year according to the company's info.
At first I doubted, but at a point I decided to give them a trial and here I am now sharing my testimony.
You too can benefit from this same company from anywhere around the world, you only have to contact one of the company manager person like Mrs Patricia Brayan to help you grow your investment capital within a week, contact her via whatsapp number:+1(608)6186312 or email: [email protected]
Cheryl Tiffany
Cheryl Tiffany
17:45 14 Sep 18
Karen Berliner
Karen Berliner
21:15 14 Nov 18
I first learned about Options Animal just about two years ago. I could immediately see what a comprehensive educational program it is and how I could become a successful trader. I finished the program in a year and am extremely pleased with the success I have had this year, far exceeding results obtained by the S&P 500, the Dow, and NASDAQ. Not only does Options Animal provide an excellent curriculum, it offers multiple ways for students to learn and each of the coaches is fantastic. They want their students to be successful. The changes that I have been able to make as a result of being a member of the Options Animal community have been important for me professionally and personally. I recommend it highly.
Oren Inbar
Oren Inbar
16:26 20 May 22
overall good training and covering all that is important in placing and managing options trades. Platform is very old and not user friendly. in todays age, I expected something much more advanced. Warren, my personal coach, is a great guy, and available always for any question I have.
Amer Khurshid
Amer Khurshid
19:56 25 Apr 22
Options Animal is best place to learn options. There is no other place even close. The instructors are available are very knowledgeable and will do everything to make sure you learn. Also it is like community and you can learn a lot by reading posts and questions from everyone. You can also follow instructors trades in paper trading account to learn and adjust. Instructors like Eric, Charan, Horace, Joe, Karen and Jeff and wounderful folks like us- They are always available to help me. I feel lucky that I found them.
Victoria L Roberts
Victoria L Roberts
22:35 02 Mar 20
They offer a systematic approach to options education. Each instructor has taken the courses. They are all intelligent, articulate and available to answer questions. No sales gimmicks just a commitment to the students. I highly recommend them.
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