Skyview Trading Review

Sky View Trading is a relatively new options educational website run by two traders – Adam Thomas, who runs a private investment fund, and Eli Grelecki, who has over 7 years of trading experience. They started out by making YouTube options trading videos and currently have over 75 000 subscribers.

Their goal is to teach people how to trade options for consistent income. They focus on a very similar strategy as the one I trade and teach (high probability OTM options premium selling), but they offer a bigger and more in-depth education library and have other features as well.

In this Skyview Trading review, I will present all the existing features and give you my take on them.
sky view trading review

What You’ll Get

Sky View Trading teaches how to trade options for consistent income in any market environment. With the correct guidance and education, this is very doable with options. The first main feature (and in my opinion, the best) that you will have access to when you sign up for the Elite Membership at Sky View Trading is their Options Trading Course.

The Options Trading Course consists of over 5 hours of video content and also quizzes to test your knowledge before advancing to the next chapter. Just like in their YouTube videos, they use animated whiteboard videos to explain the different areas of options trading. They cover strategies for every market and directional assumption – Debit Spreads for directional trading, Credit Spreads for high probability OTM bullish/bearish options selling, some neutral/range-bound strategies like Iron Condors, and some more advanced strategies as well. In these lessons, they try to break down seemingly complicated topics so that everyone can understand them.

Sky View Trading’s course is divided into eight chapters. This is how their course outline looks:

  1. Basic Definition
  2. Reading and Option Chain
  3. Option Pricing
  4. Option Greeks
  5. Buying Options
  6. Selling Options
  7. Option Spreads – Defined Risk
  8. Option Spreads – Undefined Risk

Even though four hours aren’t much, you can learn a lot here. The reason why this is my favorite feature is that I think it is the most important feature. Successful trading is practically impossible without the correct education. Therefore, it is very important that you actually take the time to go through lessons like these carefully.

 

Another service offered by Sky View Trading is their Trading Platform Setup. Most beginners think as soon as they understand options, they can just head out there and begin to trade. But first of all, you have to find a good broker and set up your account/platform. Even after this, it can be intimidating, especially for new traders, to familiarize yourself with a broker platform because many brokers may seem complicated at first. Sky View Trading helps you with this part. They’ll help you set up and customize your own account/platform inside the broker platform – thinkorswim by TD Ameritrade. In addition to that, they have many tutorials to show how certain features inside of the platform work.
This feature can be good for beginner traders and traders that are changing to thinkorswim. Otherwise, it isn’t really that relevant.

The next great feature I want to discuss is their Real-Time Trade Alerts. They send out trade alerts to members via text and email every time they open, close, or adjust a trade. So theoretically, you could copy their trades (at your own discretion, of course). But I do not recommend blindly following any kinds of trade alerts. The entire goal of educational courses like this one is to make you a self-sufficient trader that can make own trading decisions. Nevertheless, you can use trade alerts as a learning tool. Furthermore, Sky View Trading sends out a Live Trade Review Video to members via email, with explanations for every trade. This is a great feature because it takes what you learn in their education and puts it into practice. These trade review videos are saved on their site so that you can go back and learn from former trades.

Furthermore, they also offer a Trader Chatroom and Forum to communicate with other members and fellow traders. Having an active community of like-minded traders on the same journey as you to chat with can be nice. It can also improve the learning experience as you will have the opportunity to ask questions, get recommendations, and in general make your trading more enjoyable since you have fellow traders to exchange thoughts and ideas with. Paid chatrooms like this one can be better than other chatrooms as there is much more spam and irrelevant information to filter out in most (free) chatrooms. Christos, the chat moderator should be able to help you with most of your questions. Otherwise, Sky View Trading also has an Answer Database, so that traders can read answers to frequently asked questions.

 

skyview trading services

Memberships and Pricing

Just like I said before, education is essential for profitable trading. Paid education often has some advantages over free education.

Sky View Trading offers two different membership levels – Elite and Alerts.

The Elite Membership is available with a monthly or annual payment plan and includes everything they offer – Options Trading Course, Trade Alerts, Platform Setup Tutorials, Chatroom and Forum access, Trade Review Videos, etc.

The Alerts Membership only includes the trade alerts.

After signing up to Sky View Trading (Elite Annual), you will get the opportunity to upgrade your membership to a lifetime membership.

skyview trading memberships

Is Sky View Trading for you? If so, what should you expect?

I don’t want you to get the wrong impression of Sky View Trading. They offer a good education library to learn how to trade options for a consistent profit. Options trading is all about long-term consistency. You shouldn’t expect to get crazy rich after a few days (weeks, months…). If anyone tells you otherwise, they are probably trying to scam you or they just don’t know what they are talking about. This is just not how it works. However, if you stick to your options trading plan long enough, you will certainly reach the rewards of consistent trading profits. High probability options selling works, but only if you are consistent enough! This also means that you can’t sign up for a program like the one offered on Sky View Trading for a month or two and then quit because it ‘doesn’t seem to work’. You have to have a longer-term approach to things. If you have this, you will be successful in this business.

That said, you can learn a lot with Sky View Trading. Regardless of if you are a complete beginner, intermediate, or even advanced trader, there will be at least a few aspects which could improve your trading. Especially for beginners, Sky View Trading is a good choice. It offers everything you need to know in one compact package.

Nevertheless, In my opinion, they aren’t the most professional site/service. They aren’t a scam or anything close to that. But in some aspects, they have been a little unprofessional. For example, their (email) support hasn’t always been the best for me. Sometimes, it took quite some time for me to receive an answer. In addition to that, some of their promises are a little exaggerated. Furthermore, there were a few other things that didn’t make the best impression on me.

 

Here is an example video to give you an idea of Sky View Trading’s teaching style and what to expect from the membership:

 

How to get started / What I recommend?

You should sign up to receive their 3 Free Videos! They are completely free and there are no obligations. The videos are a very good introductory into high probability options trading and will also show you a little more about what you’ll receive with their paid education. Furthermore, they show you how Sky View Trading teaches their students. If you like what you see, you can head on to one of the more advanced memberships. But which one?

First of all, I really wouldn’t recommend the Alerts Membership. It doesn’t offer near as much value compared to the other two memberships. With that membership, you won’t get access to the education which is the most important feature. You get way more bang for your buck with the Elite Membership… The second reason why I wouldn’t recommend the Alerts Membership is that it won’t take you that far… You could, just blindly copy their trades one-to-one, but you won’t learn anything from that. Seriously, if you don’t actually understand the trades and strategies and just blindly follow them, you will never be able to do this as a business and become independent.

I really think there is so much more value in the other memberships. What I personally would recommend is:

1. Sign up for the 3 free video lessons (HERE)

If you like what you see:

2. Sign up for the Elite Monthly Membership for 1 month (HERE)

If you still like what you see after a month:

3. Sign up for the Elite Annual Membership

4. Consider signing up to the lifetime subscription to save money in the long run

The reason why I would recommend you buying the Elite Annual Membership so early on is that it really provides the best long-term value. You will need some time to learn everything about options and you will have to be consistent. Therefore, you might as well buy the annual membership early on. This won’t only be the cheapest way of using all Sky View Trading’s features, but also a great way to keep you committed to the learning process. When you invest your hard-earned money in your education, you will be much more likely to stick with it because you have more on the line.

Summary

If you want to learn how to trade options for consistent profits, Sky View Trading isn’t a bad choice. Their education is beginner-friendly. Compared to other options trading sites, Sky View Trading focuses on the relevant aspects that are important for their strategy.

If you don’t want to sign up for a paid membership, you could still check out their Free Video Series here!

Or, if you’re willing to get started with a paid membership, check out their Elite Membership here.

 

I really hope you enjoyed this Skyview Trading Review. If you have any further questions, feel free to ask them below or directly at Sky View Trading:

 

To Learn More And Get Started, Visit SkyViewTrading.com HERE!

 

26 Replies to “Skyview Trading Review”

  1. Very in depth review and well researched. You can never get enough information on trading in my view and if I was to do any trading I would certainly want adequate training. The options and the reasons for the options are very sound.

  2. The title is very relevant to what you offer. It’s definitely a Skyview when u get a chance to learn the ins and out of trading. Specially as there are lots of people interested but would like to lessen the risk, i think this is a must.
    This is great!

  3. Louis,
    This sounds like a perfect option for me and my husband. My Dad taught himself how to invest and did really well. He really liked TD Ameritrade. We don’t have much to invest at this time (we have a ton going into work matched retirement and recently bought a 4-plex) but are really interested. This sounds like a great way to learn.

    Thanks!
    Jessica

    1. Hey,
      Pleasure that I could help you. For options the broker TD Ameritrade Thinkorswim is a very good choice. I wish you all the best for your future trading.

  4. Really good review with lots of great info. It’s obvious you know what you’re talking about here and I applaud you! Seems like you had a great experience with Skyview Trading.

  5. I haven’t seen anything about a minimum amount to start with. After spending $2k for the service, what type of cash investment is considered acceptable for a plan like this?

    1. Are you referring to high probability options selling? If so, I would say that a good minimum would be around $2000-$2500. But obviously more would be better. I do think it is possible to start with less, but it can be quite hard as you’ll only have a very limited selection of assets to trade.

  6. Very good content

    I have a question . What broker would you recommend being in the U.K.

    I am thinking of purchasing your membership but unfortunately i cannot open an account with Thinkorswim (TD Ameritrade) as i am based in the U.K.

    Any suggestions ?

    1. Thanks for the great comment/question.
      First of all, I just want to make it clear that I do recommend buying a membership at skyviewtrading. But it is not my service, so it’s not my membership.
      I know that skyviewtrading recommend Thinkorswim and I too find this a great broker. Currently, I live in Denmark and therefore, I am also unable to open an account with Thinkorswim.
      I found an awesome alternative to them though. The broker is called Tastyworks. It has quite a few similarities to Thinkorswim as it is owned and made by the same developers/traders as Thinkorswim once was. But note that Tastyworks focuses even more on options trading. They are pretty awesome for that. But you may find some advanced stock trading features missing. Nevertheless, I do certainly recommend them for options trading. You can read my full review of Tastyworks HERE.

  7. Really good information! Are you in the Stock Market? If so what do you trade? This is really good information about options trading and the price of the program seems to be pretty much in line with the other trading platforms. In fact, it’s pretty much middle of the road, some higher or some lower. As I am older now, I am invested in safe Bonds and Dividend-paying Stocks. My nerves can’t take options trading. I do have several friends in the Market and I will send them to this Website so they can check out this program. Best to You Wayne

  8. Great review! It’s informative and concise and I really like your ‘How to get started’ section. It’s always nice to have someone that went down the road giving his recommendations. I’ve been interested in learning more about trading for a while and Skyview trading seems to be a pretty place to get started. Thanks for sharing!

  9. Thank you for sharing your insights it’s really helpful!
    What is the avg return per month/year using sky view trading? I understand there is no guarantees in trading but just a ball park estimate would be nice. The reason I ask is I want to make 20K a month and would like to know how much capital I should start with? Thank you for your advise!

    1. Thanks for the comment!
      That is a very hard question to answer. As you said there is no guarantee that you will make money at all. Furthermore, skyviewtrading is an educational trading website. Therefore, it comes down to how much time and effort you invest into that education. You won’t get access to some magic system that makes money for you.
      20k per month is quite an ambitious goal. It’s not impossible at all but you would definitely need some capital for it (close to $1 000 000). I recommend changing that goal for the short-term. You can always scale up and use the strategies learned in a bigger account. When learning, you shouldn’t risk large amounts of money. Therefore, you won’t make large amounts of money in the beginning. Try to become profitable in a smaller account before scaling up to anything bigger.

  10. I have a trading account with Schwab, both individual and Roth IRA: can you work with me on this platform.?

    1. Sorry, but I am unsure what your question is. If you want to know if you can use Skyview Trading if you are using Schwab than my answer is yes. You don’t need a certain broker to take advantage of their services.

  11. I have a PROBLEM. .. I only have a small account and was not able to sell calls and puts. Hence I can not make the trades they recommend. Therefore I tried to cancel my membership until I build up my account. I sent them an email to that effect soon after I opened my TDameritrade account.. They have not responded AND they continue billing me.. further reducing my funds available.. VERY DISGUSTED!

    1. First of all, I am very sorry to hear that. I think you should be able to cancel the membership without contacting them. There should be something like an account/billing/settings page.
      Furthermore, you can just add a long option to a naked option as protection (to create a credit spread). Then the trade will be a defined risk trade and require far less buying power. You should be able to trade credit spreads even in your small account.

  12. Does their educational videos include understanding terminology? I took a brief course elsewhere and they used all the proper terms…only they didn’t explain what the terms meant. Needless to say, that rendered the information useless.

  13. Hello,
    Great info and videos. Thanks for taking the time to post and try to educate us.
    If one followed you trading picks you recommend through text and email and started with a 200K account what is a realistic profit expectation based on your experience?
    What would be your best estimate?
    thanks

    1. I think a realistic annual return would be around 20%. However, it is entirely possible to make more or less. Just make sure to not risk too much at once. Ideally, you should never risk more than 5% on one position. Also, you should be fully aware of what you are doing before you start trading with a 200k account.

Leave a Reply

Your email address will not be published. Required fields are marked *