I came across this guy several years ago while looking at different option strategies, and he has been mentioned several times on ET. He, at first, had the persona of a kindly old gent who made all the money he needed as an options trader and, as a Harvard B School grad, was a self-styled options "expert". He said he was giving most of his money to charity that he made through Terry's Tips. I took a look at his strategies, stuff like doing call diags (selling near term against a longer term) and later 'flys or condors and put-protected spreads. He got pounded on a few big moves in QQQ and later tried to time trades with MAs. Bad move. He also setup a deal where he could trade other people's accounts for them through OptionsXpress. Another bad move. Amazingly, he ended up trading something like $14 million in accounts. I had plenty of experience trading his exact same strategies thru the 1999-2002 Nazdak meat grinder. So I knew it could get tough going and plenty risky, and it always seemed to me like he over-leveraged and gave the risks very short shrift. So I never used any of his stuff, but I did follow his trades. He absolutely hammered his followers with gigantic account-closing losses. His SEC troubles have been posted on ET, but here is the complaint and link: http://www.sec.gov/litigation/complaints/comp19291.pdf Not passing judgement here. Just a word to the wise: You are your own Guru. Learn to trade on your own, or buy an index fund.