Is Chad Shoop's "How To Get Rich With Options" Legit?

Looking for a review of Chad Shoop’s “How To Get Rich With Options”?

I’ve been receiving promotions from Chad for a while so I decided to take a closer look as I wanted to determine whether you can actually get rich trading options.

I’ve reviewed several programs lately which recommend options as a way of creating wealth, so let’s take a closer look at what Chad Shoop is offering.

Keep reading below to get all the info on his “How To Get Rich With Options” program.

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How To Get Rich With Options Review

1 How To Get Rich With Options Review
2 How to Get Rich with Options Verdict
- 2.1 Before you leave

Introduction to How To Get Rich With Options

“How to Get Rich with Options” is a program offered by Banyan Hill’s Chad Shoop.

I have reviewed many newsletters and investment advisory services that are meant to give you a leg up as you trade options such as Maximum Options and Power Options Weekly.

So, is this course any different to others I have shared reviews of?

He says in his brief that the program is designed to demystify stock options as well as reveal the pattern he uses to trade them.

It is a three-part course (with each session lasting 30 minutes).

He says that it is not designed to be an “Options 101 course.”

Therefore, he does not want to teach you the technical aspects, rather equip you with an adequate understanding of options trading and move on to applying your knowledge and his analytical tools to make money.

Who is behind How to Get Rich with Options?

Chad Shoop is the investment research expert at Banyan Hill Publishing.

He joined the publisher in 2012 as a researcher and by 2016, was running one of the top-performing services, Pure Income.

The basis of this service is to provide investors with opportunities to earn regular passive income.

He also runs a stock-trading newsletter, Automatic Profits Alerts through which he takes advantage of seasonal pattern changes in the markets to generate returns.

He uses a proprietary calendar that accurately predicts all the market movements based on historical trends.

His Quick Hit Profits service goes after stocks that experience a surge after their earnings announcement.

Chad is a Chartered Market Technician (CMT), a formal designation given to people who read and develop statistical models on which good trading strategies are based.

There are only 5,000 CMTs in the world.

How does How to Get Rich with Options Work?

To be a part of “How to Get Rich with Options”, you have to sign up by filling in your name and email address on the online portal.

The course is divided into three videos. The series covers the following topics:

Why many people are not successful trading options and how you can reverse this trend to uncover the unlimited upside potential of options.
How you can use a simple pattern to find winning trades. Most investors who try to read this pattern get it wrong.
The three steps that you should take to ascertain that a trade will work in your favor.
The common mistakes that investors make that eat away at profits and how you can avoid them.
Chad’s five-second rule that allows him to choose the perfect options each time.

After watching the videos, you receive the free lesson summaries of each lesson with extra content that augments the video content to enable you to hit the ground running when you start trading.

The three summaries are called:

Stacking the Deck Firmly in Your Favor
Selecting the Perfect Option
Supercharging Your Profits with Options

Bonus

When you sign up for the program, you will be entitled to a free subscription to Winning Investor Daily.

It is a daily e-letter that takes contributions from all the experts who publish newsletters with Banyan Hill Publishing.

You also receive other products and services that they think may be of interest to you.

Chad doesn’t specify what those products are, but he insists that you can unsubscribe any time.

Subscription Fee

Access to the three lessons is free

Is How to Get Rich with Options Legit?

“How to Get Rich with Options” is legit. I arrived at this conclusion because as a CMT, Chad Shoop is qualified to offer such a training program. To earn the designation, he must have demonstrated an ability to tackle risk in portfolio management in addition to having a strong quantitative approach to market research. Furthermore, he has to uphold a code of conduct that would discourage him from offering a fraudulent service.

How to Get Rich with Options Verdict

“How to Get Rich with Options” teaches you to make money by trading options. But can you get rich trading options? Of course, you can.

The key to achieving that is to develop a solid strategy that makes you follow a set of rules to tame your impulsiveness and instruct you on what to do and what not to do. Since markets are inherently unpredictable, technical analysis certainly helps with the unpredictability aspect; with a good mathematical model, you can even beat market averages.

Since Chad is a CMT, he should be good at building these mathematical models. He won’t necessarily teach you how to create these models but gives you an already developed one that you can use to tame the markets and possibly get rich. Therefore, I think you should give his course a try if options trading interests you.