Jason Bond Wall St Bookie Review

Rating

4.1

Introduction

Jason Bond is a professional trader and co-founder of RagingBull.com, a popular education and training program for traders that want to learn more about stock trading.

Are you an options trader who has been struggling to make a profit in this competitive space? You are in luck as Jason Bond, a stock market guru has a program that addresses pretty much all the pain points faced by options traders no matter their level of experience.

Behind the service is a proprietary strategy which Jason claims is behind his successful trades over the years.

Well, we have done a comprehensive review of the Wall Street Bookie (as Jason’s program is called) and if you’re interested in the program here are the facts you need to keep in mind.

What is the Wall St Bookie?

Simply put, this is an online options trading program that’s designed by one of the best tutors in the game – Jason Bond. He has been around since 2011 when he started teaching swing trading and is behind one of the leading stocks and options learning platforms called Raging Bull.

Jason and his entire Raging Bull team are based here in the US, something that gives him a deeper understanding of our financial services and laws. He provides his lessons via live streaming and newsletters. The idea is to provide you with an easy-to-use platform that gets you on top of the options trading game once and for all.

So, if you’ve been looking for an informative yet well-thought-out options training program, this might just be the right bet for you.

How It Works

Basically, the Wall Street Bookie is based on the idea that selling options is better than buying them. Apparently, the methods used in this system parallel what casinos, insurance companies, and bookmarkers do to always beat the market – hence the name "Bookie."

Once you subscribe to the program, you’ll be eligible for training. This training shows you the psychology behind being an options seller as opposed to a buyer. It also shows you exactly how Jason identifies his daily trades. Other concepts covered within this short course include:

  • Consistency – How to identify an effective trading method and remain true to it for the long haul.
  • Momentum Trading – How to use this approach to increase your odds of success when trading options.
  • Risk Control – The trainer shows you exactly what you need to do to minimize losses and maximize profit.
  • Part-time Trading Hacks – You’ll get to learn some simple methods that you can use to make good moves even when you have a busy schedule.
  • FOMO – How the fear of missing out is ruining your trading strategy and how to effectively avoid it.
  • Advanced Training – Besides the basics, Jason provides proprietary video lessons on the advanced techniques that are exclusively known to a small clique of highly successful options traders.

Along with the training comes a newsletter service. Through this service, Jason sends out 2 to 3 trade ideas each market day (just before the bell rings). These are typically high-potential trades some of which can deliver decent returns in just a few days.

Usually, besides him sending you the ideas he sends out another alert in the course of the day just as he prepares to enter a trade or exit a position. This way, you can have an easy time keeping up with him especially if you happen to draw inspiration from his usual conquests in the stock markets.

The Wall St Bookie Strategies

So, what are some of the key methods that Jason uses to reel in the big ones? Let’s break them down for you:

1. Vertical Call Spread (neutral to bearish sentiment trade)

This is an options trading strategy that involves the simultaneous buying and selling of the same types of options and expiry but at different strikes. 

With this strategy, you can trade directionally while defining your trade’s maximum profit and risk. So, with the Wall St Bookie, you will learn how to limit the risks involved in selling options and since there is a chance of the returns also being limited, the service will educate you on maximizing returns.

2. Vertical Put Spread (neutral to bullish sentiment trade)

This is a strategy whereby you can earn profits due to an upward movement in the price of the underlying security. Here, you will sell puts at one strike and then buy other puts at a lower strike, provided that they share the same expiration date.

The logic behind this move is that the high-strike put will have higher premiums than the lower puts. Therefore, since the price of the options sold will be higher than those bought, you will receive a net inflow of capital.

Jason Bond’s Criteria for Choosing Bookie Trades

In case you are wondering what Jason's selections for a “Bookie” trade are, we have spelled them out below:

  • The implied volatility of the option must be greater than the historical volatility value
  • The premium of the contract traded should be more than $1
  • The stock's chance out-of-money should be more than 70%
  • The option contract being traded has to be less than 0.25 delta

It is usual for options buyers to purchase contracts with less than a 10% chance of being profitable. This should tell you that the market is full of speculators who are always making unwise moves.

So, when selling options to these traders, you have a higher chance of generating abnormal profits. When you combine all the criteria above, we end up with a type of trade method that is not easy to find anywhere else besides the Wall St Bookie.

With these criteria, Jason can see the trades the seller should enter and give them an advantage over the buyers. 

Features of Jason Bond Wall St Bookie

A lot has been said about this program, but the question remains what are some of the features that set it apart? Let’s break a few of those down for you.

I) Scanner

When you sign up for this service, you stand to get access to its proprietary scanner. This is a tool that Jason uses to locate the 'sucker bets' with the highest probabilities of giving excellent returns. In case you are wondering, the name 'sucker bets' refers to trades that may not seem to make sense at first but in reality, are placing you in winning positions.

This scanner is constantly updating itself, and you have the freedom to use it at your convenience during market hours.

II) Alerts

Next, you will receive real-time alerts via the Raging Bull app whenever Jason Bond is about to enter a trade. This is meant to enable you to make your observation and learn the criteria that he uses to select his trades.

III) Watch List

Jason also sends out a newsletter that features a watch list with the potential trades for that day. All this will be sent in good time before the markets open so that you are well aware of what you'll be dealing with.

As if that's not enough, you'll receive commentary on the potential trades so that you have all the information you need at hand to enable you to make sound decisions.

IV) Education

Trading options is not the most straightforward task in the world, and therefore Jason makes a point of educating you so that you can be a confident and independent trader. 

You will get these lessons via videos by Jason himself. What’s more, you'll get numerous lessons ranging from the basics to the more advanced aspects of options trading.

V) Track Record

We assessed the Wall St Bookie's track record, which was nothing short of impressive. From all the trades on the list, there were thirty-one wins and only two losses. If those results are anything to go by, then this is surely one of the most effective methods out there currently.

VI) Free Webinar

The service also features a free webinar discussing the trades in the Wall St Bookie. Here, you will learn numerous tips on the moves that Jason makes, and this is meant to up your overall game as a trader.

The Pricing

To access the service, you have to pay an upfront fee of $2,999 for a 2-year subscription. However, you can take advantage of numerous discount offers, including one for 50% off that applies to new members.

The price may be steep but worry not. As long as you are willing to learn and put in the work, there’s surely a lot of value in this program.

Is It Legit?

To the best of our knowledge, there’s nothing about this program that suggests it is a scam. First, it was created by Jason Bond, a guy who needs no introduction when it comes to options & stocks trading.

He is one of the founders of Raging Bull, which is a company with numerous programs which aim to provide you with a solid learning platform as a trader.

And even though past results do not necessarily reflect what’s bound to happen in the future, the service’s track record is highly encouraging.

Lastly, we absolutely love the fact that Jason uses his personal trading account to demonstrate how he uses his strategy to turn trades into profits. This provides you with a good opportunity to gauge his effectiveness by simply watching him from a distance.

Who Is It Best For?

This service is designed for anyone looking to understand the ebbs and flows of options trading. It particularly provides you with a smooth learning curve allowing you to enjoy fruitful trading at your own pace. Once you sign up for it, Jason will send you alerts on the day's potential trades, and you can either choose to emulate his moves or embrace your own totally different approach. After all, his hands-on training is meant to empower you to make independent moves.

The idea is to make the most of the little time you can get out of your busy schedule. This program may not make you an overnight millionaire but will surely set you on a path to long-term growth.

Pros and Cons

Like everything else under the sun, the Jason Bond Wall St Bookie program has its fair share of pros and cons. Fortunately, the pros are way more than the cons suggesting that this is a program worth considering.

Pros

  • Sends out daily pre-market alerts
  • Has an impressive track record
  • Packed with educational resources
  • Part of the Raging Bull Company (reputable firm)
  • Features an effective options scanner

Cons

  • A bit pricey
  • A bit of learning is involved

Conclusion

In the end, Jason Bond Wall St Bookie is a service worth trying out. It was founded by one of the best in the game, which tells you that it was designed to near perfection. In addition to that, it’s designed with busy people in mind meaning it has a short and sweet learning curve.