David Chau SPX Income Program Review
Disclaimer: There are affiliate links on this page. This means that if you click through and purchase anything, I might earn a commission for the introduction with no extra cost to you. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Come and join my Stock Alerts Reviewed Facebook Group HERE!
The David Chau SPX Income Program is an interesting offer that comes with a nice guarantee and some big potential earnings claims.
But is it legit?
Learn for FREE :).
Lance from ThetaTraderz.com and I teach similar sell side strategies in our free How to Win 90% of Your Trades in 90 Secs course.
LEARN HOW TO WIN 90% OF YOU TRADES IN 90 SECONDS!
>> CLICK HERE TO LEARN MORE! <<
***********************************************************************************************************************************
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move
 |
He started from nothing and became a multimillionaire…
He’s now one of the most sought-after trading experts…
Yet he operates 858 miles from Wall Street.
And now, he’s revealing his #1 favorite strategy that targets MASSIVE weekly profits with just one stock ticker.
*********************************************************************************************************************************
Who is David Chau?
David Chau, the founder of InsideOptions.io, is a consummate professional options trader and instructor.
By the time he was 21, David had already established himself as a successful serial entrepreneur with multi-million dollars of wealth and attained accredited investor status.
David is an angel investor, recently seeing one of his portfolio companies acquired by SPAC.
Additionally, he serves as a partner at a venture capital firm that specializes in seed funding for early-stage firms within the Y Combinator network.
David founded InsideOptions.io with the mission of helping individuals pursue success in Options Trading by providing real-time trading signals and guidance.
Subscribers to his services benefit from a claimed average daily cash flow of $300 or more!
SPX Income Program: What Is It?
This is an options selling program with David alerting members daily to SPX options trades.
Here is what the SPX Income Program requires and what David claims can be made from it.
- The minimum capital required is $26,000.
- $220-$300+ in daily cash flow is the claimed income amount if you follow the alerts.
- Gets rid of the learning curve that traditional traders typically encounter.
- Time required is just 30 minutes before the market closes.
If you do not generate a return on your membership within 20 trading days, they will provide a full refund – no questions asked!
This all sounds really good and they are currently charging $3600 per year for these daily SPX signals.
So, at an average of $250 a day you would expect to make $5,000 in 20 trading days and therefore meet the target in their 20 trading day money back guarantee.
But can one really do this?
Learn for FREE :).
Lance from ThetaTraderz.com and I teach similar sell side strategies in our free How to Win 90% of Your Trades in 90 Secs course.
LEARN HOW TO WIN 90% OF YOU TRADES IN 90 SECONDS!
>> CLICK HERE TO LEARN MORE! <<
What is the strategy?
The high win-rate and use of the word ‘income’ suggests this is a sell side strategy where members collect premium on the short side and close out positions as they near expiration.
Which is a low-risk approach but also has limited gains when compared to taking more directional risks with higher reward potential.
So, the 100% win-rate is not unreasonable over a short period of time but of course there will be losing trades – the big question is when and what does David do to manage them.
***********************************************************************************************************************************
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move
| |
He started from nothing and became a multimillionaire…
He’s now one of the most sought-after trading experts…
Yet he operates 858 miles from Wall Street.
And now, he’s revealing his #1 favorite strategy that targets MASSIVE weekly profits with just one stock ticker.
*********************************************************************************************************************************
David Chau Review: Iron Condors on SPX
This is backed up by a few tweets I’ve seen suggesting Iron Condors are part of the strategy.
It looks like he is mainly placing Iron Condors on SPX about 10 minutes before market close and then taking profits the next day. The rest of his strategy is hidden (things like strike prices and expiration dates etc.). I understand why he might want to do this to protect his strategy in case people copy it.
Here is something I was able to find online – as you can see it’s not super helpful but it does seem to be from a happy subscriber.
What is an Iron Condor?
An Iron Condor is a trading strategy that involves selling both a call option and a put option with the same expiration date, but different strike prices.
You also buy a FURTHER out-of-the-money call and put.
Sounds complex but it’s not that bad once you are familiar with it.
This strategy earns you the price difference between the two options (the credit) when you set up the trade. You then close out your position after it reaches maximum profit levels or before it reaches a maximum loss level.
Understanding the greatest potential profit and loss is critical to executing a successful iron condor trade.
This strategy has been designed to accumulate moderate gains, while the possible losses are greater than profits; however this risk is restricted.
***********************************************************************************************************************************
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move
| |
He started from nothing and became a multimillionaire…
He’s now one of the most sought-after trading experts…
Yet he operates 858 miles from Wall Street.
And now, he’s revealing his #1 favorite strategy that targets MASSIVE weekly profits with just one stock ticker.
*********************************************************************************************************************************
David Chau SPX Income Program Review: Track Record
David won’t share his entire track record or even the actual full trades with strike prices etc. He claims this is proprietary.
I saw a lot of tweets mentioning a 100% win-rate since inception (not sure how long this has been).
This would put him at about a 20% ROI per month on that $26k capital. This seems unrealistic in the longer term – so there must be some huge losses coming in my opinion and/or something is not quite right here.
I’ve also considered the buying power required to make these returns. It’s difficult to know exactly but to give you an idea it would seem that you would need to use $10k to $20k each day to make the claimed returns.
I know that my friend Lance from ThetaTraderz.com does similar strategies – but he reveals all of his exact trades with complete transparency.
You can find his 2022 track record at the bottom of his website here.
Learn for FREE :).
Lance from ThetaTraderz.com and I teach similar sell side strategies in our free How to Win 90% of Your Trades in 90 Secs course.
LEARN HOW TO WIN 90% OF YOU TRADES IN 90 SECONDS!
>> CLICK HERE TO LEARN MORE! <<
David Chau SPX Income Program: Potential Subscriber Report
I spoke to a friend in my communities about his experience with the program. This is what he said…
‘I had a long talk with David and one of his reps. Seems they do have a good program, trading 1DTE credit spread or IC. Order is called out/placed 15 min before market close and simply let it expire the next day therefore, no need to manage or stress. Usually around a 2-2.5 credit premium. If it loses, they simply double up on contract size until it wins. I guess that is why they’re suggesting a $26k acct size even though each trade utilizes $500 in risk since they’re 5 wide spreads. I did see actual stats showing they had as many as 3 losing trades in a row but the system handles it just fine. I was very interested in joining but yes, the fee is expensive…even with the performance guarantee. The also provided a compounding schedule to follow to grow the acct methodically. The growth schedule is very conservative as you stay on one contract until each time the acct size doubles.’
David Chau SPX Income Program Review: Martingale Strategy?
A couple of people have come forward recently indicating that some of the strategy David uses in SPX Income Program might be considered a Martingale strategy. This is not good in my opinion but I encourage David to come forward to let me know if this is true or not. I’m simply reporting what others have told me ‘might’ be going on.
David Chau SPX Income Program Review: Conclusions
I hope this David Chau SPX Income Program review was helpful. David guards his exact trading strategy carefully as it is proprietary.
I suspect this is because it is not a complex strategy and other people would easily be able to learn and apply it without paying $3600 if they could see some past trades.
It’s hard to assess the true worth of a program like this without trying it out or seeing verified results, but there are certain aspects that make it look attractive – namely the 20 trading day money back guarantee and the recommendation of ‘low risk’ Iron Condors on SPX which are well known and understood.
***********************************************************************************************************************************
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move
| |
He started from nothing and became a multimillionaire…
He’s now one of the most sought-after trading experts…
Yet he operates 858 miles from Wall Street.
And now, he’s revealing his #1 favorite strategy that targets MASSIVE weekly profits with just one stock ticker.
*********************************************************************************************************************************
That being said, it is important to note that options trading can be a high risk activity and caution should be applied before investing in any program of this nature.
Always do your own research, read the terms and conditions carefully, and make sure you understand how options trading works.
Good luck!
Russell
Related Articles
Why Learn the 111 Futures Trade?
Leave a Reply