Terry's Tips

by Brad Castro
(Austin, TX, USA)

Terry's Tips also goes by the name Stock Option Success.

I was a subscriber back in 2007. I really liked this service for two reasons - I made money and I learned a lot.

The service basically employs calendar or horizontal spreads - buying longer term options and selling shorter term options against them. If you understand covered call writing, these type of calendar spreads are very similar. You don't write calls against stock, you write calls against LEAPS. But the returns are potentially much greater since LEAPS cost considerably less than the underlying stock.

Membership is a little different than most subscription services but it basically works like this: you pay $79.95 for his White Paper which details his approach and strategies. You then get "free" membership to his site for two months. After that, it's $20-$25 a month if you continue.

He's got a lot of different model portfolios based on modified strategies and such. Some are more aggressive, some are more conservative.

Terry Allen seems pretty cool - he apparently spent 25 years trading on the floor of the CBOE so obviously he knows how to make money, and you can tell from his White Paper and his weekly newsletter that he really has fun with this stuff.

I cancelled after a few months. I was still in the process of perfecting my own investing/trading strategy, but what I learned here was instrumental in my development. That's the sign of a good service - one that teaches you enough so you don't have to rely on someone else forever. I really loved the White Paper.

I've tried a number of services in the past - various newsletters from MorningStar and Motley Fool, Income Spread Trader, Trading Markets, VectorVest, and two or three services I'm too embarrassed to list here. Terry's Tips was my favourite.

Pay a visit to Terry's Tips