Top Gun Options: A Paper Tiger?

Top Gun Options
  • Honesty
  • Quality
  • Cost
  • Support
  • Verified Trades
  • User Experience
1.3

Summary

Top Gun Options is an options trading signal service and educational business making big promises regarding profitability. But little in the way of actual proof.

The founder of the company, Mathew “Whiz” Buckley is a former Navy fighter pilot, that appears to be an exemplary person. However, since he apparently only has the courage to trade with a simulator, and admits so, this lends little confidence to his supposed ability to deliver ‘real’ results. He appears to be little more than a ‘paper tiger’.

The style and substance of Mr. Buckley’s investment education and investment strategy appear to be little more than political rants and reactions to whatever he reads in the media. He is a highly political creature. In my opinion, his narrow and overly simplistic worldview appear to hobble and handicap his ability to recognize obvious situations. Does not appear to have the intellectual capacity to digest differing opinions and viewpoints across a varying spectrum.

Thanks for reading today’s review of  Top Gun Options

What is Top Gun Options? The company is an options trading educational company owned and operated by Mathew “Whiz” Buckley, operating out of Florida. As per Archive.Org, it appears that Top Gun Options came onto the trading educational scene in 2010.

Top Gun Options purports to be offering “Supersonic, Military Proven Options Training and Trading Methodologies.” Specifically, the company is offering the following products and services:

  • Full Throttle ‘Defensive Track’ $1,995
  • Full Throttle ‘Offensive Track’ $2,495
  • Full Throttle ‘Max Afterburner’ $2,995
  • Options Weapons School $95 per month
  • Options Weapons School and Weekly Options Picks $165 per month.

Top Gun Options and Mathew “Whiz” Buckley claim truly incredible success for those that simply follow their options trading advisory service. For the year 2016, Top Gun Options claims total combined profits of $409,716 in 100% verifiable trading performance. Screen shot below:

TopGunOptionsPerformance

Are these real trades?

Top Gun Options currently occupies the following social media profiles:

A perusal of the Top Gun Options Twitter page also reveals some truly amazing trading results. In fact, since the inception of the Twitter profile (2010) that is apparently managed by Mr. Buckley, we can find no evidence of any losing trades whatsoever! However, you will easily find what appears to be a constant, and never ending stream of supposedly winning trades. With these truly amazing results are Twitter postings that border showboat bravado, including:

  • “$25k in one month”
  • “$1,600 in 30 minutes”
  • “$1000 gains each day. Why aren’t you on board?”
  • “$1,400 in two days”
  • “$12,000 profits in just 3 weeks”

I have only one question…where are the losing trades? Are we simply to believe that all of this is authentic, and 100% verifiable? Do losing trades exist?

Attempting to Verify Trading Performance

During 2017, TradingSchools.Org reached out to Top Gun Options through a series of emails. Several emails were sent from an alias email address, where we portrayed ourselves as ‘someone looking to learn and profit’ just like the supposed performance figures gleefully proclaim. We call this ‘the Lamb’ email, where we act like a newbie with too much money, and too little sense. Top Gun Options was only too happy to correspond, with the hope to wiggle a credit card out of a wallet.

We also made multiple attempts at contacting Mr. Buckley using our official Trading Schools email address. Our official request was non-threatening and very friendly in manner. We simply asked Mr. Buckley if he could verify the truly incredible trading performance of the supposed portfolios: Primary Portfolio, Urgent Alerts, and Accelerated Retirement.

In real time, through link tracking, we could watch as Mr. Buckley would open and view our email requests–but he refused to answer our questions about verifying his supposed trading performance. The silence was deafening. And very disappointing.

About Mathew “Whiz” Buckley

The resume and personal life story of Mr. Buckley appear to be exemplary. He is a former Navy pilot that attended the world famous Top Gun flight school in San Diego, Ca. He flew multiple combat missions throughout the Gulf. Mr. Buckley asserts that the unique experience of being a Navy combat pilot prequalified him to be a successful options trader. He claims that he applies many fighter pilot strategies and techniques to trading. Such as developing a well-defined strategy, supported by specific tactics and predetermined exit points.

All of this sure sounds wonderful. But I have a question–why would Mr. Buckley not have the personal courage to trade with a live trading account? The Top Gun Options website clearly states that Mr. Buckley is only trading with a lowly trading simulator. And his nightly videos, which he loves to tout as proof of his supposed ‘TopGun’ trading greatness are clearly nothing more than a simulated trading account.

TopGunOptions

Behold the Paper Tiger!

I dont want to be too hard on Mr. Buckley. He is clearly an upright person that served his country and took risks that I cannot imagine. But I am having a hard time squaring this circle–he claims to earn these massive profits, year after year. But no proof seems to exist. The only form of verification seems to be a paper trading account at Options House. He expects us to take his advice-to-task, to risk our money on the front line of battle, yet he is only willing to trade on a simulator? This brusky military man, so full of bravado appears to be little more than a paper tiger.

My niece is a little warrior. She has a dog walking business. Every day she gathers up the local hounds, which include a chihuahua with irritable bowel syndrome and a terrible attitude, a mighty looking pitbull that is afraid of his own shadow, and another dog that is so ugly and stupid that it’s amazing he ever got adopted. She walks these dogs on a triple leash, deftly navigating sprinklers, grouchy neighbors, snarky teenagers on skateboards, and random bits of food particles from the local taco shop. To her credit, she has developed an uncanny ability to avoid threatening situations, in short–she is excellent at risk management. The combined weight and strength of these hound dogs is 3X’s her own.

The fundamental argument of Mr. Buckley is that being a fighter pilot uniquely qualifies him to be an expert at making money in the stock market. But this same argument could also be applied to my little niece. Or the plumber, with his hyper-efficiency at clearing a turd from a drain pipe.

The bottom line is that the financial markets could care less about whether a person is a fighter pilot or a burger flipper. A dog walker or a doorman. The only thing that matters is the bottom line. Can profits be verified? With Mr. Buckley, as impressive his resume exudes, simply cannot or is unwilling to prove any of claims of success.

Top Gun Options Complaints

In the past three years, TradingSchools.Org has received several complaints about Top Gun Options. One complaint, in particular, is troubling. A person wrote to us describing that they were promised a full refund within 30-days if they were not completely satisfied with the trading service. The only “catch” was that the customer had to execute 2 trades per week using only a simulator. If the customer simply took the trading recommendations and was not happy, then a refund was assured. Supposedly.

The customer followed the instructions as per the agreement and decided that the service was not suitable. They requested a refund. However, Top Gun Options simply refused to acknowledge the refund request and ignored the customer. Not good. The customer then filed complaints with the Better Business Bureau and filed a claim of fraud with his credit card company.

This apparently got the attention of Mr. Buckley and he then aggressively attempted to fight the refund. Mr. Buckley argued that the customer did not use the preferred Trade Monster simulator. However, the customer did use a simulator provided by Think Or Swim and documented that he, in fact, used a Think Or Swim simulator.

The credit card company ruled in favor of the customer and refunded the customer his money. In my opinion, the refund request was valid and showed a high level of callousness and disdain for the customer. To hustle a client over a technicality shows a lack of integrity.

The remaining complaints concerning Mr. Buckley are in regards to his highly politicized nature. Nearly all of his You Tube videos are political rants, where he attempts to infuse whatever the daily political gossip into a ‘mish-mash’ investment strategy and financial blubberings. He seems to have little regard for the legitimate concerns and opinions of others. I would consider his investment style to be a cross between an angry and vengeful Jim Cramer of Mad Money and a delusional conspiracy theorist like Alex Jones of Infowars.com.

During our own investigation of his “investment updates” posted on his YouTube channel, he advocated the murdering of journalists, that US citizens should be summarily shot by firing squad, and anyone not agreeing with his narrow worldview should “get the fuck out.”

One gets the opinion that if Donald Trump were to squat upon his golden plated commode and squeeze…then a wet, moist, and highly agitated creature would appear. This creature is my best description of Mr. Buckley.

Wrapping things up

In the past several years of writing trading reviews, I have come across quite a few interesting characters. A common theme is that the career experiences of the trading educator supposedly make them uniquely qualified to be a trading mentor. That since they were an excellent doctor, lawyer, engineer, pool cleaner, ice cream lady (true story), farmer, or even fighter pilot…that this somehow transferred to superior trading skills.

On the contrary, I have found this theory to be complete and total hogwash. In my own research, the best traders seem to be Apolitical in nature and are highly observational people with a deep curiosity of the world. They seem to have a deep level of humility and have a genuine sense of their own infallibilities. They are quick to admit to themselves when they are drifting away from the hallowed grounds of factuality and wandering towards the trap of rapidly melting opinions.

Thanks for reading. And of course, I would love to know your opinion.

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12 Comments on "Top Gun Options: A Paper Tiger?"

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Mark
Guest
Looks like more people are discovering there isn’t anything behind the Top Gun Options shtick. The latest development is that Doug Robertson no longer works for TGO. As Doug commented later, he didn’t know he was fired until one of his friends told him. Really too bad as Doug at least had some trading experience. So, let’s recap: 1. Honesty/Integrity: -2 star given the ridiculous claims of 110% gains; discovery that the math behind that is to take the gains on a $500k portfolio and divide by $100k; claims that his results are audited but cannot provide proof. I suspect… Read more »
jerry
Guest
I was a member and I lost a lot of money. The VXX trades mostly lose money, although he touts his winners, and when the bull put spreads go against you, it’s murder. Doing bear call spreads in this market is also nuts, and they were also big losers, which did not make up for the more frequent wins. Also I do not appreciate paying $3,000 to be called nasty names. This is inexcusable. It does take talent to lose money in an extremely bullish market, and Whiz is talented in that regard. Doug’s trades also, were, for the most… Read more »
Steve
Guest
Jerry: Sorry you lost a lot of money with Buckley. I am confident that there is a large contingent with the same issue. When I was a member, I would extort members in the ready room to paper trade for 3 months before committing money to trades Buckley recommended. Finally, after deleting some of my messages from the board, he killed my access to it. Whenever I pointed out that writing calls against long positions in a strong bull market was madness, Buckley would note that the long positions made money. If you look at the details provided in the… Read more »
Mark
Guest
With some recent experience, I also take issue with the grade for honesty. Pretty sure it should be ZERO stars. Attended the one week open house where Buckley tries to con people into signing up. The same set of ‘facts’ were trotted out as mentioned above and below. What seemed new was Buckley claiming several times that these are “audited results”. When pressed for who did the audit and how I could get a copy, there was silence and then a repeat of the graphs showing the performance. It was equally clear that Buckley uses some form of new math.… Read more »
Joe
Guest
I checked out a recent “Full Throttle Week” as he calls it. He set up to sell a 30 contract Bull Put verticle on APPL. When he went to execute the trade he quickly changed it to only 1 contract, as if we didn’t notice. When questioned, no response. Very shady tactics if you ask me. Three days later Apple was down 6 points and the 30 contract trade was down $3000. He just blew it off and said things happen. On that same day he made a Jan 19 trade on Facebook. A few days later he goes into… Read more »
Steve
Guest

Good eyes.

Recently, Options House was acquired by eTrade. One thing that disappeared was the ability to paper trade.

So, suddenly Buckley had to fund and trade a cash account. Being a smart guy, he doesn’t follow his own advice and only trades 1 contract for every recommended trade.

Since that crossover, his accounts are all negative. When asked about that? Deafening silence.

Buckley can be entertaining, particularly if you enjoy a fact free environment. Worth the price of admission? Hardly.

Steve
Guest
I could not agree less with the rating for honesty. Anyone with a no refunds policy cannot be legit. Anyone who encourages consistently losing money on short term trades because the buy and hold trades are winning is either incredibly stupid or dishonest. It is sad that Whizzer trades on his military service, giving all that served a black eye. He is entertaining for a short while but at $200/month, there is cheaper entertainment on Netflix for $10/month. The one saving grace of the service is Doug, the volatility trader. You can learn a lot there, though whether you can… Read more »
john
Guest

I JUST WATCH MATTHEW’S AUGUST 8 2017 WEBINAR TELLING US GUAM IS A POSSIBLE TARGET FOR NORTH KOREAS NUKE ICBMS.
HE RECOMENDED WE BUY A 30 DAY OPTIONS VXX PUT SPREAD.
AND BUY ANOTHER CALL SPREAD. 150 OPTIONS CONTRACTS WILL COST ALMOST $5,000 AND COULD BE WORTH $10,000 IF THE VIX VOLITILITY INCREASES DUE NORTH KOREA.

Alex
Guest
I like Whiz to listen to, but I would never join a service where the guy is clearly paper trading. He has some excuse why he paper trades, but it smells like rotten fish from the head down to me. Do a review of Simpler Options and John Carter. John does show a real TOS account. He is an aggressive trader by his account, but seems genuine, though you would be hard pressed to trade like he does. I listened to one of Top Gun options promotional week long open houses and some technical glitch occurred and Whiz thought he… Read more »
Richard Krug
Guest
Richard Krug

Your disdain for President Trump is disturbing. If your going to write about options, please just stick to options and keep your own political opinions to yourself.

dtchurn
Guest
I remember earlier in my trading journey when “Whiz” Buckly was first coming out with his ads for topgun options trading. I saw his patrioitic splashed site and the topgun movie styled videos where it seemed to claim trading could be successfully trained like military jet pilot maneuvers. Buckly in the videos seemed to have a nice and unpretentious demeanor to me and I dismissed it initially as some trading school group of hustlers using him and his service history as some pr marketing as the fad at the time was “monthly income” from options plays ala Preston James “master… Read more »
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