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Wow,

I remember reading this thread back in the day when it first started on a rainy afternoon popcorn in hand laughing my ass off. Couldn't post at the time cos account had to be approved or something? Anyways.. I've been on the options learning quest on and off since then and with a stock trading background its easy to see straight through bs lol. What is interesting is if you look at his linkedin profile he calls himself a "financial entertainer" LOL (think he finally got it right).. just google his name and its the first result and then its this thread.

But seriously, speaking as a novice isn't day trading options for a miniscule 20cent spread or whatever the most idiotic thing ever? I mean day trading STOCK is hard enough as it is but those brutal bid/ask spreads would make this down right impossible even if good 'ol bill could accurately predict and time stocks like he claims he can with this method.

The only option trading I bother with these days is buying deep in the money calls/puts with at least 6-12 months till exp on stocks I don't wanna buy outright and selling puts on stocks I'm looking to possibly buy anyway.

As for tax statements? Let's face it, when was the last time a newsletter writer, subscription service or educator ever agreed to provide UNQUESTIONABLE PROOF of thier claims with trades done in real money over a set period of time. If Bill could provide this he would be one of the most talented traders in Australia.. who else earns $28,000 an hour: http://www.youtube.com/watch?v=VLi9eiNK-L0  and still bothers designing LOGO's for $100 on the side (still overpriced lol): http://www.youtube.com/watch?v=VOFHU2-AK-k