Ascent Option Spreads Review
Ascent Option Spreads Review have been operating since 1979, and appear to do their major trading by selling put credit spreads. They send out up to six trade recommendations per month, and have at times had up to 20 open positions at a time. This means that to use this service, you should probably have at least $20,000 as start-up capital, to ensure that you have enough funds to cover your margin requirements. When you sign up to the service, you get access to educational material on options spreads, as well as an stock screener for spread options, and a few other tidbits. Through their website, you also get access to their book entitled 'Anxiety Free Option investing' by Don Shapray.
The service has a very generalised performance record, with no detail of the dates or exact position that were placed on a trade. It is simply a list of stocks used, and the profit (or loss) on that stock. If you want to know whether their records are true reflection of performance, you will need to go over to Pro Trading Profits, take out a subscription, and do your own research.
The Ascent Options Spreads service costs US$165 per month, or $1,250 per year. You can sign up here.
The service is autotraded on ThinkorSwim, TD Ameritrade, Trade Monster and OptionsXpress. Email notifications are sent out for each trade.
At a glance, Ascent Options Spreads seems to be a successful trading advisory. However, it is not easy to assess their performance objectively.
You could rely on a service, or you could learn how to do it for yourself. Get an overview of Credit Spread Trading. Invest in a trading course that covers Iron Condors and Calendar Spreads, and practise your skill with the Iron Condor Simulator.
Have you used this Service?If you have used, or are currently using this service, please insert your comments below for the benefit of other readers. We would all benefit from your personal experience!
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