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Review 9/26/2010
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I would like to see Option Investment Inc investigated by the Attorney General. I received phone solicitations from them over a period of months. I then gave them a try. Their broker commissions are very high. They profess to being able to help educate you on options and futures trading, while suggesting trade ideas. Somehow, their expertise in this area is supposed to justify their high commissions. I found quite the opposite was true. Over the course of 2 months, I lost 40% of my account to ridiculously high commissions, another 40% on bad trades (that they presented as high probability trades) and I walked away with 20% of my original account balance. They would have lost everything, but I had to insist that they stop "closely monitoring" the open trade and just close my account. All other trades that they closely monitored (even one that they kept open after I told them that I was nervous about it) lost money. They proposed one complex trade (multi-leg) that was very high in commissions due to the complexity and was inappropriate for my low account balance. I have read other reviews online that have also given poor reviews. Once my account was closed and they had made money on those high commissions, you can be sure I never got another call. I'm sure they continue soliciting to make their high commissions ... they don't have to find good trades if they can just move on to their next target (someone else out there trying to learn options trading that they can dupe into paying for their "expertise"). My advise is to run, not walk, away from them.
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