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