Here is a list of the most frequently asked questions about Elite Option Trader and how it benefits investors the world over.

1.  What is Elite Option Trader?
Elite Option Trader is an investment advisory service published by Hyperion Financial and written by Brian Mikes and Corey Williams.  It is designed to identify short-term, high-return option positions using both fundamental and technical analysis on both the underlying stock and the option.  At its core, Elite Option Trader focuses on options on stocks that are exhibiting momentum, either up or down.

2.  How often is Elite Option Trader published?
Elite Option Trader Trade Alerts are generally published every 7-14 days depending on market opportunity.  Position Updates are also distributed every Wednesday afternoon to discuss open positions and provide market analysis and outlook.

3.  What types of investments are recommended in Elite Option Trader?
Brian and Corey only recommend the purchase and sale of options (both calls and puts).  There are no spreads, short sales or anything like that.  Further, you do not need an account with margin or any borrowed money.  Thus, a simple options account (with the authorization to buy and sell options) is all you need to utilize the ideas found in Elite Option Trader.

4.  Will the performance of Elite Option Trader  be affected by having too many subscribers?
Yes.  As with all of our trading services, once our subscribers' trades begin "influencing" the market, we will stop accepting new members and start a waiting list.

5.  Can those living in countries outside the US use your system?
Yes, as long as you are able to trade options on the US exchanges.  Most of the larger online options brokers allow those living outside the US to open accounts and trade on the US exchanges.  We have subscribers from countries all around the world including the United States, Canada, Australia, England, New Zealand and many more.

6.  What is the background of your editors, Brian T Mikes and Corey Williams?
Brian T Mikes is the co-founder of Hyperion Financial Group.  Prior to that, Brian spent over a decade as an investment banker working in the heart of Silicon Valley.

As an international investment banker, Brian financed hundreds of companies based in countries all throughout the world including the United States, England, France, China, and Canada.  As such, Brian offers a global perspective on how to use the world financial markets to rapidly grow your wealth.

These experiences taught Brian what a great investment looks like, and what doesn't.  Brian draws from this insight when making his recommendations.

Corey has spent many years in both the financing and credit industries.  Prior to joining Hyperion Financial, Corey worked for a number of financial firms including Desert Hills Bank and Conseco.

This experience gives him an 'inside' view of not only the economy as a whole, but also individual subsectors.  He's definitely one guy whose spent a lot of time analyzing what makes markets' tick! 

7.  What is the difference between Elite Option Trader and The Option Forecast? Elite Option Trader employs a completely different strategy than that of The Option Forecast.  Elite Option Trader focuses on shorter-term, explosive options on stocks that have momentum.  The Option Forecast is more of a hedging strategy, taking both sides of the market at all times.

The Elite Option Trader service recommends only one option at a time and therefore doesn't require as much starting capital as The Option Forecast.  Additionally, the length of time positions are held is considerably less. 

8.  Does Elite Option Trader come with any guarantees?
Yes.  If at any time within the first 30 days you are not satisfied in any way with Elite Option Trader, you may cancel and request a full refund.  Further, if you decide to cancel anytime after 30 days, you will receive a refund on the remaining portion of your membership fee.

9.  How much does Elite Option Trader cost?
Elite Option Trader costs $997 per year.  This includes the email trade alerts, position updates, and access to our members-only website.

Additionally, you will receive a 22 page Operating Manual and FREE options report to help you quickly get up to speed on successful option trading and how to best use Elite Option Trader.

10.  If I sign up today, when will I receive my first Trade Alert or Position Update email?
Occasionally, it can take a few days to get your subscription into our system.  We do make every effort to deliver your first Position Update and Trade Alert as quickly as possible.  Remember too, they’re both posted to the website at the same time we send out the email.  When you first sign-up, you may want to check our website frequently to make sure you don’t miss a Trade Alert or Position Update.

11.  How much capital do I need to begin trading the recommendations?
There’s no specific amount of money that you need to dedicate to trading our recommendations.  You should determine what amount is appropriate based on your own personal money management and investment strategy.  The cost of Brian’s individual recommendations range from about $50 up to about $400.

Remember, only use funds that you’ve set aside for speculative purposes.  Never use funds that you might need for food, clothing, the mortgage, rent, transportation, and other necessary living expenses. Of course, be sure to seek the advice of your broker or financial advisor when determining if any particular investment is suitable for you.

12.  What is the average cost of your recommendations?
The average cost of the options we recommend generally range between $50 and $400 per contract.  Keep in mind that the prices quoted in the Trade Alerts are for one option contract.  If you buy more than one contract, you will have to multiply the price times the number of contracts purchased.

13.  What broker should I use to trade your option recommendations?
The options recommended by Elite Option Trader can be traded through any options broker.  We have no affiliation with any broker or firm.  We suggest you contact several brokers to find one that best meets your needs.  For a list of options brokers from the Chicago Board Options Exchange , please click here: http://www.cboe.com/Resources/BrokerContacts.aspx

Providing the above link to this list of securities firms is not intended to be an endorsement of the firms listed, and no significance should be attached to a firm's inclusion or omission.

14.  Where can I find more information about options and option trading?
The Chicago Board Options Exchange (CBOE) was the first U.S. options exchange and founded the listed options business.  CBOE provides extensive educational information at their website Learning Center.  They offer online tutorials, online courses, an options dictionary, and an online bookstore.

The Options Industry Council’s website is another excellent source of educational information. The Option Industry Council is a non-profit organization sponsored by the Options Clearing Corporation (OCC) and many of the leading U.S. options exchanges.

15.  Will you respond to questions and comments about the market, the option recommendations, investment strategy and other similar topics?
Unfortunately, due to US Securities Laws and Regulations, we are not permitted to respond personally to individual questions about the market, individual investments or the investment strategy.  However, questions we receive via email are forwarded to the editor for possible inclusion in the Position Update email sent each Wednesday afternoon.

16.  Where can I get quotes on the options recommended by Elite Option Trader?
Options quotes are available on almost any website or listing that provides quotes for U.S. listed options.  The most convenient place to get a quote will usually be your option broker’s website.  However, there are many websites that provide free option quotes, including:

Yahoo Finance

CBOE

MSN Money