I would happily subscribe to Kim's Steady Options IF he revealed his trades without me having to pay for his service first. The money back guarantee does not count because many players like Dr. Singh and others don't refund your money.
Fully agree on the risk free part. I'd also point out that it's pretty clear no-one associated with that site has a PhD unless it's in divinity studies from a diploma mill. I read academic papers on finance topics as a bit of a hobby, I can't imagine there's a single finance related PhD out there that would miss something as basic as lending, dividends, or corporate action. Pretty much every paper that uses a data set has a pretty detailed section right at the beginning covering what data set they used and how they accounted for not only obvious mechanical issues like that but also more subtle biases like survivor bias. PhDs may not make for good traders, but they're not complete morons!
I said it before and many others said it as well long before me....if I have a strategy that works over the long term I trade 100% my OWN money or create a private fund for larger pool but the least attractive and least profitable method is to sell it as an advisory service. That alone is enough of an alarm. Having to cater to subscribers and charging a small monthly fee seems inefficient use of time or resources for a profitable system. Either solo or managed fund.
It's a short double diagonal, you are buying the front month. The margin tied up would be limited by the spreads, but assume your near month(Aug) longs go out worthless you have a big liability with the Dec strangle. this is a massive dickhead trade with serious liability- you are seliing the 12.50 put and buying the 5 put-that's a short spread of 7.5. That is NOT zero
I don't see why this is a "massive dickhead trade". If you think gamma is going to realize (which happens sometimes, you know), it's not a horrible idea.