Kyle Dennis Dollar Ace Service Unusual Options Activity Report and Trading Journal by a REAL SUBSCRIBER!
Welcome to my Kyle Dennis Dollar Ace review! I am a real subscriber that trades the ideas and alerts from Kyle’s Dollar Ace service.
My goal in this review is to document all my trades with the service every week. This way you can see real results for the service.
I am very new to options trading at the time of writing this.
The stock market this year has been so volatile and it has been a time to simplify trading strategies and get back to basics.
I have been following a service called Kyle Dennis Dollar Ace that specializes in trading based on ‘Unusual options activity’. This is a strategy that works in solid markets or wobbly ones.
Disclaimer: There are affiliate links on this page. This means that if you click through and purchase anything, I could possibly make a commission without adding any extra cost to you.
If you are new to options or just want to learn Kyle Dennis’s Dollar Ace strategy, I highly recommend reading his FREE eBook called Dollar Option Trader.
Dollar Ace Insider Trading Advantage
Kyle Dennis’s Dollar Ace strategy uses insider trading – yes, I know that is illegal. But insider trading makes many people millions of dollars a year!
Acting on inside information IS illegal. BUT if you can spot what they are doing, it is perfectly legal to say ‘oh someone just bought 5 million shares in this stock, they must know SOMETHING’ and then buy the stock.
That is PERFECTLY legal!
Kyle’s strategy let’s you profit on insider trades without doing anything wrong – which is awesome.
Who Is Kyle Dennis?
Kyle Dennis was born and raised in Los Angeles. I have lived there as well and it is a great city but super expensive.
He is from a middle class family – not some L.A trust fund kid! But, he was a millionaire by age 28 from trading biotech stocks.
He had not always planned to become a stock trader. Originally he went to UCLA to study biology.
Unfortunately, college left him over $80k in debt. The only job that he could get was not in biology. It was in real estate! He was only making $30,000+ a year and not exactly what he had hoped for….
This low salary is not enough to live in L.A and Kyle had to move back in with his parents just to survive. How depressing is that?
He realized that he had to find a better way than he currently had to make money. He started stock trading after a friend mentioned a stock alerts service that he was using (Jason Bond Picks).
Kyle joined the stock alerts service and learned a lot from the owner and the other members. He started to become obsessed with trading and barely ate any food just to be able to put money into his trades! That is dedication for you…
He managed to build a $15,000 trading account and of course he lost 50% of it very quickly! That happened to me as well….
I didn’t quit and neither did Kyle Dennis. He continued to refine his strategy and eventually developed a catalyst driven biotech trading strategy that is EXTREMELY profitable.
He now makes millions of dollars every year trading stocks and options. His current networth is over $8MM and growing fast.
Kyle Dennis Dollar Ace Insider Trades Scanner
The insider traders that operate in the dark and try to hide their illegal trades can be spotted if you know what you are looking for.
Kyle Dennis has developed a way to scan for these dodgy people and shines a light on their illicit activities. When he sees a big bet being made on a stock right before some major catalyst event, he knows something is up.
So what does Kyle do ?
He scans for options trades that are attracting millions of dollars that indicate ‘big money’ knows something good is going to happen to the underlying stock. These guys don’t just bet massive amounts of money on a whim.
Here is a screenshot of the streaming scanner in Dollar Ace. It looks complicated but Kyle does a good job explaining it in his introductory video.
This is a screenshot of Kyle’s current portfolio (left) and the scanner that streams (right).
The great thing about the scanner is that you can use it to find your own high probability trades. No need to rely on trade alerts from Kyle!
Here is an example. The scanner output is at the top and summarized at the bottom. I found this potential trade directly from Kyle’s scannuer as it streamed throughout the day.
You can see that the unusual options activity was a relatively large accumulation of Jun20 $12.5 calls on June 11th. What made this so exciting to me was the ‘Above Ask’ that suggests they wanted the calls NOW!
You can see that whoever they were, they were correct. The stock trended up from below $11 to $13.5 within a few days.
The nice thing about the scanner is that you can find your own trades, set your own criteria and avoid any jump in price due to Kyle’s alert to members!
Example Of A Dollar Ace Trade
Maybe it would help for me to work through a real-life example of a recent trade that Kyle made.
Kyle had noticed that the mysterious ‘insiders’ were buying puts on UBER just before the earnings were to be announced.
The fact that so many options were being bought that were betting against UBER, right before earnings was a dead giveaway that the earnings were likely to be bad and that the price of UBER was most likely to drop.
So, Kyle copied them and bought the puts as well. All totally legal!
He was right and made 90% profits on those options trades! It can be that simple. If you know where to look for those crooked insiders.
Here is the screenshot of the alert.
Kyle was pretty damn sure that UBER would report bad earnings – why else would people be hammering the puts so hard?
One of the things that I like about Kyle Dennis’s trading style is that he never gets greedy. He cashed out before the earnings call because he had 90% profit. Despite being VERY sure more profits could follow after earnings.
Kyle was right. Uber was destroyed after earnings and he would have made a fortune. Check out the stock chart for Uber below.
After earnings, UBER got taken down below the key price level of $29 per share. What a surprise that the huge amount of put options were purchased at $29 per share….
They TOTALLY KNEW!
Kyle Dennis Dollar Ace strategy is setup perfectly to spot these types of trades and profit off the smart money options activity.
What Do You Get With Kyle Dennis Dollar Ace Service?
Many people think that it will take them years to become profitable traders – not true! The majority of people don’t know what is the best strategy to use.
Kyle Dennis Dollar Ace strategy was created by Kyle to help people that need a new strategy that can be used to turn small accounts in to large ones as quickly as possible.
The Dollar ace strategy works in bull markets and in bear markets. It is an easy strategy to follow and has the potential to grow your account exponentially.
Dollar Ace Video Alerts
Kyle sends out video alerts when he places a trade. He records his actual purchase of the option contracts for full transparency and so that his subscribers can see exactly what contract to buy. This stops any mistakes for people following him into trades.
This is pretty rare – most people don’t give this level of transparency. He explains what he is buying and exactly why. This includes chart analysis and explaining the unusual options activity etc.
These video alerts are great and can really help to reassure subscribers on what Kyle is doing. He actually stopped doing them earlier this year and then brought them back due to popular demand!
Kyle also alerts you to unusual options activity when he spots it so that you can check out the chart etc.
Dollar Ace Alerts Sent To Your Phone and Email
Kyle sends out emails and text messages directly to his subscribers. This way you can get into a trade wherever you are in the world.
Obviously, the email contains more detailed information about the trade than the text message. I use to get these types of buy alerts on my phone at work and immediately purchase trades from the bathroom!
You also get to see his live streaming portfolio. You can watch Kyle’s positions and make your own choices about what to buy and sell based on his expertise.
He also provides a large educational suite full of valuable information about options trading etc.
Kyle Dennis Dollar Ace Review (Week 1)
I joined Dollar Ace right at the end of the week. Unfortunately, the market was going down 1000 points on the day of my very first trade.
Kyle did not send out any ‘alerts’ but he did bring a particular options contract to subscribers attention in the morning watch list.
Here is what he sent.
It’s bee a pretty choppy ride this week with the market. Yesterday, the market opened lower, rallied green, and then closed red.
As I mentioned previously, we are a bit overbought on the indices and this choppiness is usually a sign of weakness.
Since things are choppy, I’m going to be a bit quicker to take gains when I see them.
Here’s what I’ll be watching today:
Most Unusual Calls
2489 AAL June 19 $17.50 Calls for .95
Most Unusual Puts
1254 RAD July 24 $11.50 Puts for .72
1563 BEN June 19 $22.50 Puts for .80
The AAL June 19 $17.50 Calls for .95 that he mentioned in his morning email had gone down to $0.62 when I looked at them. I could see that the stock chart was bouncing on $AAL so I decided to buy the options contracts.
This morning I bought them at a deep discount of $0.62. I took my 10% profits quickly as this was only my second ever options trade and the market was really bad.
Happy so far with the ideas!
Dollar Ace Review: Week 2
The first trade I made this week was not good. I bought $MITT calls @ $0.49 and ended up selling them at $0.3 for a nasty loss percentage wise.
Luckily I had only a small position.
Not a good market for REIT stocks or options! Kyle is still holding these at the time of writing.
My next trade this week was on $MOMO. I bought the same calls (MOMO June 19 $20 Calls) that Kyle did. Within a day or so I was forced to sell for a 65% loss…..as a stock trader I am not use to that kind of percentage loss so quickly!
Interestingly, if I had bought the stock I could have made 5% within a day or so. Kyle took a loss on the options as well. The advantage of playing the stock is you are less likely to ‘chase’ the price compared to chasing the options price.
This could be a strategy worth considering. One could check the options price after the alert and if it has spiked, it could be worth buying the stock instead.
I bought most of Kyle’s watch list:
JNPR July 10 $25.50 Calls for .70 (I bought @$0.63)
GPS June 26 $12 Calls for .50
SPCE June 26 $18 Calls for .25 (bought for $16.5 strike price)
Unfortunately, I lost about 50% on all of them! Granted, Kyle did not actually send out a buy alert or anything on them.
Overall, just loss after loss for me on these Dollar Ace options trades this second week.
Kyle Dennis Dollar Ace Review: Week 3
The week started well with Kyle alerting call options on $BMY.
I bought 50 NVO July 17 $72.50 Calls for .44 from today’s Watch.
I bought 200 BMY June 26 $61 Calls at .17 from Friday’s Watch.
Here is a video where I detail the two trades, go over the LVS trade + portfolio, and talk about my prediction of where the market is going.
A few hours later he sold these calls for a 175% profit! Here is the sell email.
I sold 150 of my 200 calls on BMY at .47 for about 175%!
I’m keeping the other 50 overnight to see if I can get some more!
I wasn’t in this trade, but a friend of mine was and he made a quick $1000 on a small position! That is the power of options! The stock only moved up a few percent but the option made a lot more.
$BMY stock only moved 3% during the same time period! This is a good illustration of the amazing leverage options can have. You could have made 3% on the stock or 175% on the options!
$NVO stock also moved about 3% during the same time period.
Next up was calls on $ORCL for July 2. I got them for $0.89 while Kyle had them at $0.69 per share. I chased and I paid for it with a 20% loss within an hour. I must just be getting into the losing trades!
Kyle also bought $WORK options and they pretty much remained flat for a day then went down. Kyle ended up taking losses on both of $WORK and $ORCL.
Kyle Dennis Dollar Ace Review: Week 4 (PFE calls 145% win!)
This week I decided to learn a bit more about Kyle’s unusual options scanner and buy an options contract base on that. I found one on Monday that looked interesting.
$JEF $15 17 July 20 Calls I Bought From Scanner
Someone was buying large amounts of call options on $JEF $15 17 July 20 Calls. I bought them as well and made 30% overnight on them. One of the things that Kyle teaches is to look for people putting in multiple buys of call options and paying above the ask price for them. This was the case with $JEF calls and it seemed to work out pretty quickly.
Next, I bought puts on BA, betting it would go down. Unfortunately, I was stupid and time decay killed my position. I found BA on Kyle’s scanner and it looked like some big money was betting on it going down by July 2. It did go down but I lost 75% of my money because of time decay. Lesson learned.
Here is what I saw on the scanner. Note the ‘Above Ask’ and multiple buys. This is a great sign – usually.
I bought calls on WEN because of similar scanner results. I ended up selling it breakeven. Maybe more patience needed on it.
Finally, this week I followed an actual Kyle Dennis alert on calls for $PFE. I was able to get a similar price as Kyle and I made my first big options win – 145% in a day or so!
Dollar Ace Review: Conclusions
Options trading can be a daunting trading niche to start. Kyle Dennis’s Dollar Ace service really simplifies the process and allows you to piggyback on Kyle’s Dollar Ace option trade alerts.
Kyle runs many other services that focus on stocks rather than options trading. I have been a member of most of them. I find Kyle to be one of the best and most honest stock traders around.
I can’t recommend his services enough! I hope that my Kyle Dennis Dollar Ace review has explained his options trading service clearly. The only issue I have so far is that this is an expensive service – $1,499 for a year.
There doesn’t seem to be any quarterly or monthly subscriptions available either.
I think the difficulty for some people is that they won’t manage their positions well – e.g. they will chase the options price and get burned. Take a relaxed approach, be patient and know that if a trade does not present a good risk/reward, then don’t take it. There will be more.
I think this is the biggest problem with Dollar Ace, the issue of the options price rising so quickly that subscribers struggle to get a similar price as Kyle.
However, I think that there is value in the service. The main value comes from Kyle feeding the information of bullish and unusual call option activity in particular stocks. This can be value information and can add weight to going long on particular stocks.
If you are looking for a low-cost stock alerts service that only takes a few minutes every few weeks, try out his Sniper Report service.
Dollar Ace Review: Related Articles
Kyle Dennis Dollar Ace Fraud? Or Kyle Dennis Dollar Ace SCAM?! Not from my experience! I hope that after reading this Dollar Ace Options Service review that you will realize Kyle Dennis is LEGIT!