Max Ansbacher

Mr. Ansbacher is a Yale Law School graduate with an advanced degree in tax law. While in the legal profession, before changing professions, he served as an attorney with the IRS, Campbell Soup Co., and Colgate Palmolive.

Mr. Ansbacher literally "wrote the book" on options trading, writing "The New Options Market," the first book written on exchange traded options, which ultimately became one of the best selling books on the subject. In 1981, his next book, "How to Profit from the Coming Bull Market," accurately predicted the great bull market which began the following year in 1982. In later years, in an editorial appearing in the Wall Street Journal when many were negative on the stock market, he argued, correctly, that the 1987 crash was just a blip in the bull market’s historic run.

Mr. Ansbacher is the developer of the Ansbacher Index, a gauge to forecast market direction. His index is so popular that Bloomberg Financial T.V., on a regular basis, has Mr. Ansbacher explain to a national TV audience what his Index is forecasting for the market. In fact, in 2000 near the peak of the Nasdaq, Ansbacher correctly warned of an imminent crash in tech stocks during interviews on Bloomberg national TV. Additionally, throughout 2000, Ansbacher correctly cautioned investors of substantial declines in stocks. In July 2000, Ansbacher received his most bearish signal ever on the stock market from his Ansbacher Index and, again, correctly warned investors of more substantial declines in stocks!

He has likewise distinguished himself with one of the finest, most consistent performance records among all managed investments. An article about Mr. Ansbacher, "The Art of Option Selling," published in Derivatives Strategy, August 2000, states, "And who can argue with his success? He’s made lots of money over the last quarter century and has yet to be caught egregiously offside." Unlike many of today’s crop of young stock fund managers ("bull market babies"), many of whom have never even experienced a bear market, Mr. Ansbacher has developed his trading expertise over a 25-year period. Mr. Ansbacher’s trading approach offers investors an investment opportunity to potentially capitalize on bull or bear markets. He outperformed the S&P 500 during one of its biggest bull markets in history. In 2000, while many stocks plunged and the S&P 500 produced double-digit losses, Mr. Ansbacher produced double-digit gains. In essence, his strategy is that the market environment doesn’t matter: In rising, falling, or even sideways markets, you have the opportunity to perform. However, selling options involves unlimited risk. You can lose more than your investment.

Past performance is not necessarily indicative of future results.
The risk of loss exists in futures trading.

Investment Vehicle

Mr. Ansbacher employs a unique proprietary trading strategy to sell ("writing") puts and calls on the S&P 500 futures stock index contract. His approach takes advantage of a well-known fact of trading life, to wit: Most buyers of options lose money. And that’s not the entire story. The money which investors lose does not actually disappear into thin air. Since trading in options is a zero sum game, any money which an options buyer loses by definition becomes a profit to the options seller. Over time, this truism can amount to a major trend which often leads to a significant transfer of wealth away from options buyers and into the pockets of options sellers. For this reason, Mr. Ansbacher has chosen to be an options seller using the secret and proprietary techniques and parameters he has developed over a span of almost three decades.

Advantages of Selling Options
On the S&P Versus Individual Stocks

Mr. Ansbacher has devoted the better part of 25 years to perfecting the art of option writing. He specializes in writing options on the S&P 500 Index. Microsoft, Dell, Pfizer, GE, Coke, ATT, IBM, and many of the best-run, financially sound companies in America comprise the S&P 500 Index. As opposed to selling options on individual stocks that comprise the Index, Mr. Ansbacher sells options on the S&P 500 Index itself. He feels trying to find the one big winner out of the 500 stocks that comprise the Index is like trying to find the proverbial needle in the haystack. According to Mr. Ansbacher, it’s more prudent to sell options on the Index itself. In support of his opinion, he points to the historical fact that today’s winners in the S&P 500 may be tomorrow’s dogs. Metaphorically speaking, Mr. Ansbacher believes, trading the individual stocks in the S&P Index is equivalent to an archer having to hit the bullseye, while trading the S&P Index is the equivalent of the archer only having to hit the target, not the bullseye.

Furthermore, when buying stocks, in order to be profitable, the stock must move higher. When employing Mr. Ansbacher’s strategy of selling options on the S&P 500, in addition to moving in his position’s direction, the market can move slightly against his position, stay flat, or move sideways, and still be potentially profitable! However, be advised that this strategy also involves unlimited risk. You can lose more than your investment.

Conclusion

Max Ansbacher has traded for 30 years and prospered in both bull and bear markets. There’s good reason why Ansbacher is considered by many to be one of the leading authorities on S&P 500 options and why he regularly appears in the financial media. It’s not that he wrote the first and one of the best selling books on exchange traded options. We believe the answer lies in a highly insightful article featuring Ansbacher, "The Art of Option Selling," which appeared in the August 2000 edition of Derivatives Strategy. The article stated:

"Keep in mind that Ansbacher has made a lot of money as a CTA, and has been doing so for a long time." "And who can argue with his success? He’s made lots of money over the last quarter-century and has yet to be caught egregiously offside."

When you consider the success Ansbacher has accomplished over such a long period of time, when so many other traders have come and gone, it’s truly remarkable. What is just as remarkable is that, at least for now, individuals can invest as little as $50,000 in Ansbacher’s Retail Accounts Program when the General Accounts Program’s minimum investment is $250,000.

Review the Ansbacher Disclosure Documents