InsideOptions is a stock and options community and the host of the SPX Income Program where we help average traders pursue a career in options trading.
insideoptions.io (insideoptions.io) has 175 customer reviews on Five Star Index, with an average rating of 4.3 out of 5.
Website
insideoptions.io
Category
Research & Development
Location
Sheridan, Wyoming
Listed on Five Star Index
2026
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The company replied to 4% of reviews.
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Most recent review: August 2026.
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InsideOptions uses a Martingale-based strategy — increasing exposure after losses to recover prior trades. That structure inevitably carries catastrophic risk, and on December 24, 2025, it wiped out the majority of members’ accounts.
During onboarding, David Chau presented expectations of 3–5% accumulated monthly gains with an extremely low chance of losing capital. The actual outcome speaks for itself.
Understand the structural risk before committing funds.
AU
Amna U.
Beginner-Friendly Promised but wiped Out My Entire Savings
This platform was marketed to me as beginner-friendly and described during the onboarding call as “no-fail trading.” I was told it would only take 15 minutes a day, so as a beginner, I trusted them.
Trades were actively posted in Slack, and members were urged to follow the trades exactly as posted, adjusted only for account size. Whenever concerns were raised, the response was always: “Trust David.” That “trust” resulted in my entire account being wiped out. I lost all my savings !!
They also claimed the course fee would be refunded if losses were not recovered within a certain number of trades. I waited over a month before requesting the refund, acting in good faith.
At that point, the response changed. I was asked to provide ledgers and proof. As a beginner, this was unreasonable; if I already knew how to produce detailed trading documentation, I wouldn’t have needed a beginner platform. Moreover, they directed the trades and knew the account sizes, yet still refused to honor their own policy.
After many accounts were wiped, the platform began calling itself an “educational platform” and introduced a new way to trade ignoring the fact that many of us no longer had any money left to trade with.
I repeatedly requested the refund because I genuinely need that money, but instead of honoring what was promised, the process was denied and deflected.
I’m writing this to warn other beginners: be extremely cautious of platforms that use terms like “no-fail” and change definitions once real losses occur.
I am willing to update or remove this review if the originally stated refund policy is honored.
KA
KannanSK
$6,000/Year Membership That Blew My Account
I paid $6,000 for an annual membership to David Chau's trading program and I am writing this so others don't make the same mistake.
The core issue is simple: there is no real, structured trading strategy. What is sold as a professional trading education is, in practice, a loosely run program with no consistent methodology, no risk management framework, and no accountability when trades go wrong. My account was blown as a direct result of following the guidance provided. I am not alone — multiple members I have spoken to experienced the same outcome.
What you actually get for $6,000:
• A heavy marketing operation designed to attract new members
• Vague trade ideas with no defined entry, stop-loss, or exit criteria
• An 'educator' who appears to spend more time traveling internationally than running the program
• A community of people slowly realizing they've been oversold
What you do NOT get:
• A repeatable, backtested trading strategy
• Any accountability for losses
The $6,000 fee is not the worst part — the account losses that followed the advice are far more painful.And Most importantly you get removed from the group without notice
If you are researching this program, please do your due diligence. Save your money. Protect your capital.
CM
Chin M.
Extreme Risk Warning: How a "Never Fail" Martingale Strategy Wiped My Account
I was a member of InsideOptions for 18 months, and I am sharing this review to provide a realistic look at the journey from profits to a total account wipeout.
The Sales Pitch vs. The Reality
During the initial sales call, the program was marketed as having a strategy that "never failed" and had never seen a losing month. Based on these claims and past results, I joined in Oct 2024, paying hefty membership fees. For the first few months, the strategy performed as promised, showing decent gains through November 2025.
The Strategy: A Ticking Time Bomb
The reality of David’s "strategy" is that it relies heavily on a Martingale system. In this model, the strategy requires you to double down on your position the day after a loss to "recover." While this can create a smooth equity curve in calm markets, it effectively puts your entire account on the line to chase previous losses.
The December 2025 Wipeout
In December 2025, the "never fail" claim hit a wall. In a single series, the market didn't move in our favor, and the Martingale doubling resulted in a catastrophic loss. I lost all the profits I had made, plus my own capital. My account was almost entirely wiped out—a 43k loss in total.
Final Verdict & Business Ethics
This is an extremely "risk-on" strategy. When it fails, it doesn't just result in a "bad month"—it clears out entire accounts. Furthermore, despite being a long-term member who had just renewed in October 2025, my request for a refund was denied after trading only three series of the new subscription. They said I do not qualify for refund as I am past their 45 trading day refund window. I just traded 3 series after the renewal so not sure how they are calculating 45 trading days.
If you value capital preservation and want to avoid "win small, lose everything" gambling, I strongly suggest looking elsewhere.
SH
sharan
David & his team are a scam
David & his team are a scam, all they want is your money. Then they want you to invest in unproven system which you will lose lots of money. It’s already happened twice. A lot of people lost allot of money. Best to stay away cuz a big scam
VK
Vijay K.
Failed strategy – do not do this.
This program worked in 2024, and based on that promise I joined in January 2025. During Christmas, the strategy failed at level 6, and a lot of people blew up their accounts and lost a lot of money. You can find more information in reddit. They promised a refund of the program fee, but when I sent the documents and asked for it, they removed me from their program even though my membership is valid until February 13, 2025. They are somehow managing with the existing group, and if you post anything about refunds or other questions, the Slack bot removes the message while they try to pretend everything is normal. You might make money for a few months, but in one shot you can lose everything.
SO
SPX O.
Beware this martingale strat will blow you account
David Chau sold his SPX strategy that level 6 will not lose and it did on Christmas Eve. Members lost a lot of capital and had their accounts blown up and asked for a subscription refund or even a subscription waived for prior years but all got ignored and denied. He tried to sound like he care for his members but he did not otherwise a refund will be offered. He also deleted any messages that ask for refunds or subscription waived. It is a red flag. Based on his latest annoucement, he is still charging the same subscription for the new year for those who want to stay. And, telling members he will adjust in September. If the strategy is not strong and will change, it makes no sense to charge the same fee. Buyers beware. Their Russell 2000 trades also just lost as well.
NN
Neil N.
"DO NOT DO IT" IN RED
DO NOT DO IT IN RED. At best you can see average gains after taking huge risks and going through lot of crazy stress. You modify your daily schedule and keep an eye on the alerts. You cannot miss an alert or you lose and cannot recover for months. This was the best case scenario. Before I write what happened to me, here is the latest F*** U* that happened. On Christmas eve, the entire group which was around 1100 people were at a risk of entire account, which for some people was upto $1M and lowest $30K. They lost it all. The group collectively lost around $60M in that series. In a matter of 3 days, people lost all of the account. I personally lost $35K. In the follow up meeting, the Boss of group said, "I MISSED SOMETHING" .Now you can see what you are setting yourself up for. People who have been in it for 3 years and paid $5500 yearly lost all with the fees. The group admin charged all these members $5000 on average so you can imagine how much they had collected it in fees. If you are out of the refund window then you cant even get the fee back. I realized I made a huge mistake how this can blow entire account and I paid for it. This is how this same thing can happen again: You are selling iron condors at the edge of the expected move for 1DTE. Now market can move any time and any day. If you end up on level 6( which is the highest level and you are risking all of your account) and market moves only 10 points against you then you blow your account. Besides the account blow up, for me the 2nd worst part was the boss and his team's attitude. They did not say one time that " we will try to help the group with what we can" more or less they were like it happened and we missed something. The group wanted to get at the least free subscription for some time, ( personally I will not trade their system ever again) but they were so rude and indifferent, they did not even address it. I recently started trading and this blowup broke me really bad. I repeat again "DO NOT DO IT"