Has anyone tried the option trading system issued by Investment Program Management INC ?

The system involves selling Footsie Options once a month. The sale of these Options will result in a credit to your account of 3% - 6% per month - which they claim is certain regardless of weather the market is going up, going down or standing still. In 260 months of operation they claim 96% have shown a profit only 4% a loss: having made an average return of 38% for 12 months.
Is this possible?

First off "INC" means it it being run by a company outside the jurisdiction of UK Investment Law.

Second, "There Ain't No Such Thing As A Free Lunch" (those who think there is are known as either "Con-Merchants" or "Marks" ...)

This should tell you everything you need to know.

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