Sky View Trading is an educational options trading 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 100 000 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 Sky View Trading review, I will present all the existing features and give you my take on them.
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:
- Basic Definition
- Reading and Option Chain
- Option Pricing
- Option Greeks
- Buying Options
- Selling Options
- Option Spreads – Defined Risk
- Option Spreads – Undefined Risk
Even though 5 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 helpful for beginner traders that are using thinkorswim. Otherwise, it isn’t very useful.
The next 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. Otherwise, Sky View Trading also has an Answer Database, so that traders can read answers to frequently asked questions.
Memberships and Pricing
Just like I said before, education is essential for profitable trading. Paid education can have 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.
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, Sky View Trading is everything else than cheap, especially if you plan on using them for more than a month or two. Furthermore, even though their education is of high quality, it really isn’t that much. 5 hours of educational videos for $199 a month is very expensive.
Nevertheless, 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.
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 a long time for me to receive an answer. Other times, I didn’t even receive any answer, even after multiple emails. 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:
Do I Recommend Sky View Trading?
First of all, I really wouldn’t recommend the Alerts Membership. The 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 personally think there is more value in the other memberships. However, in my opinion, the biggest negative of Sky View Trading is their price. $199 per month is very expensive. Therefore, I don’t recommend Sky View Trading for everyone.
I only recommend Sky View Trading if:
- You are already completely familiar with all the options basics and ready to go to the next level
- You want to see some real-live trade examples
- You don’t mind spending $199 per month
In other words, I do not recommend Sky View Trading to learn the basics of options or the basics of trading, in general. Why is that?
In my opinion, you can easily learn the basics of options, trading and more for free. Therefore, Sky View Trading might be a good option to get to the next level, but it isn’t the best option to get into trading and to learn the basics.
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. So Sky View Trading won’t give you a broad trading education. Instead, you will mainly learn things relevant to their strategy.
This is great if you are already a little further along in your trading journey. But when you are just starting out, Sky View Trading isn’t the best choice. They are very pricey and a lot of their introductory videos teach things that can be learned for free somewhere else.
So what should you do know?
I’d say this depends on where you are at right now. If you are already familiar with options and most trading concepts and are looking for some practical advice and real-live trading examples, Sky View Trading isn’t a bad choice.
However, if you just want to learn how options work, how to trade them and other trading concepts without having to spend $199 per month, I recommend checking out TradeOptionsWithMe 100% Free options trading education.
All education on this site is completely free of charge. Therefore, I suggest at least checking out our free options trading courses. If you don’t like them, you can always go back and check out Sky View Trading or another website instead.
I really hope you enjoyed this Sky View Trading Review. If you have any further questions, feel free to ask them in the comment section below.