What’s the OFI track record?
How successful is Options for Income, really? What is the OFI track record?
Roughly 65% of OFI trades win on the first try. The others, however, need to be rolled to have more time to work out positively. About half of that 35% do ultimately win, and that’s how Jim’s roughly 82% win rate is achieved.
Most trades are initiated with a 30-40% return target in just three months. And that's what you'll get on the 65% that win in the first attempt. Half of the 35% that get rolled and win typically deliver 1-10% returns after six to nine months. And the other half of the 35% ultimately lose an average of roughly 50%. Fortunately, the winners dwarf the losers.
It would be nice to present a single, time-weighted, compound geometric average rate of return for the OFI portfolio, but calculating such a number would require OFI to be a real-money portfolio and it isn’t one.
Jim encourages members to execute every trade he recommends as a way of diversifying risk and improving the odds for winners. Nevertheless, many OFI members don’t trade every position, but pick and choose. They also differ in how many contracts they trade per recommendation. And, they don't all get into trades at the same price as others. Consequently, every member’s performance is different.
A quick search on the OFI website will yield hundreds of comments from members who have bought cars, paid for college, taken wonderful vacations and more with their profits.
You may also go to the portfolio page and click on the Closed button at top. That will change the default portfolio view from Open trades to Closed trades. Scan the Total Return column at far right to get a sense of how many winners there really are.
Lastly, take a look at the Latest Closed Positions table at the top right of most of the website pages to see how we’ve done recently.
We hope that you find the available OFI performance data, combined with the compelling philosophy behind trading put credit spreads and the general options education and experiences provided by Jim and other OFI members, to be worthwhile.