GS7 Weekly Options Credit Spread System – Weekly Options Paychecks System
So, Have You’ve Heard About the Ability to Make Money Selling Credit Spreads on Weekly Options?
Weekly Options Credit Spread System – GS7 Provides OTM, ATM and ITM Opportunities All in One Trade to Maximize Potential Returns off Weekly Options with the Intent of Minimizing Risk
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What if you could make an extra weekly paycheck or two or three?
Our objective here is to take advantage of weekly options in combination with the credit spread strategy.
Weekly options offer us any new opportunities to profit more. We need to smartly take advantage of these opportunities. This means we need a strategy of entry and exit that can maximize the potential for plucking out cash from the weekly options market while taking prudent risk. On top of that we need a high probability strategy that will allow us to enter trades for maximum winning.
With our G7 weekly options credit spread system we now have the ability to pinpoint a high probability of the money, at the money and even in the money credit spread the combination with an explosive price trigger
Yes that’s right. Our system offers you the exact entry of went to place your credit spreads for an optimal probability of winning. But it also increases the potential weekly paychecks to 3 paychecks!
How is that? Well in order to trade options well you need to pair your options trading with a good momentum Stock trading strategy. Trying to guess periods of no movement is an unproductive waste of time. It is far superior to focus on trading explosive price action triggers based off price charts with options.
But beware! There are pitfalls, big ones that many newbies fall into by selling out of the money credit spreads taught by fake gurus.
Credit spreads can be a great way to trade if you do them right. A really terrible way to trade if you do them wrong. What’s the wrong way? Trying to pluck off a tiny profit while locking yourself into a massive risk in comparison. What am I talking about?
When you sell a credit spread that gives a small credit, with a wider strike price your risk to reward ratio could be ridiculously upsidedown. This means if you’re looking to pull in a .25 credit on a 5 point spread your reward is .25 and your risk is 4.75. Now it may sound nice in concept to make 5% a week off your money. But, when that one bad day hits and hits quickly, your spread could get blown out where all of a suddenly you lost 4.75. So you would have to sell successfully 19 more credit spreads with a credit of .25 just to get your money back.
What makes matters worse is that, since only a small credit is available, one is strongly compelled to place more trades. So one is likely to leverage even more just to make enough cash flow to ‘pay the bills’. Unfortunately at this point, the position is horrendously over leveraged and account could get wiped quickly this way.
See the following examples of what we’re talking about. Observe the performance sample below. This performance example shows the System in action.
|WINS||LOSSES||PAYOUTS||AAPL||1 WEEK TILL EXPIRATION|
|AAPL||A lot of these losses are just break even and not losses.||1 POINT SPREADS||2 STRIKE||3 STRIKE|
|2-Jun||OTM ATM ITM OTM ATM ITM||ATM||0.31||31.00%|
|Week of 6/9/2014||OTM ATM ITM OTM ATM ITM OTM ATM||ITM||OTM||0.19||0.11||19.00%||11.00%|
|ATM OTM OTM ATM ITM OTM ATM ITM||ATM ITM||ITM||0.45||0.6||45.00%||60.00%|
|OTM ATM ITM OTM ATM OTM ATM ITM||ITM|
|OTM ATM OTM ATM ITM||ITM||ITM WILL LOSE THE MOST BUT THE RISK IS LESS|
|7/14/2014||OTM ATM ITM OTM ATM ITM OTM ATM||ATM ITM|
|OTM ATM ITM||OTM ATM ITM OTM ATM ITM|
|OTM ATM ITM OTM ATM ITM OTM ATM|
|Week 9||OTM ATM ITM OTM ATM ITM OTM ATM ITM OTM ATM ITM||OTM ATM ITM OTM ATM ITM|
Track Record Explained
Translation: W=Win Where win expires out of the money giving us full credit. L = Loss anything that does not expire out of the money for full credit or any position we get out of early due to hitting priced chart based stop loss. (So even some break evens or slight profits are counted as loss)
For 9 Weeks of Performance Sampling:
OTM Wins= WWWWWWWWWWWWWWWWWWWWWWWW 24 Wins = 24x.19= +4.56 Profit Credits
OTM Losses = LLLL 4 Losses = 4x.81= -3.24
ATM Wins = WWWWWWWWWWWWWWWWWWWWWWW 23 Wins = 23x.31 = +7.13
ATM Losses= LLLLLL 6 Losses = 6x.69= -4.14
ITM Wins = WWWWWWWWWWWWWWWWWW 18 Wins = 18x.45= +8.1
ITM Losses= LLLLLLLLL = 9 Losses = 9x.55= -4.95
9 Weeks: 84 Credit Spread Trades: Means each credit spread placed averages out be .23 options points profit on a 1 point strike credit spread. This is a 23% return to the strike distance or a 28% to 42% return per risk roughly, on each trade. That’s very good!
Net Profit: 19.79 – 12.28 for net profit of 12.28 or 1.36 Weekly Options Credits per 1 point strikes (ie Sell 99 buy the 98 credit call spread). So translated that’s like winning 3 ATM 1 point strike credit spreads per week! Yes it doesn’t “seem like much” but actually this is HUGE. So if you were trading 10 point strike spreads that would be like pulling in 15 weekly options points per week! On 10 Contracts that would be $13,600 per week.
Well with 1 point strike spreads you’re putting up only .45 to .81 roughly per spread roughly which is $450 to $810 – so roughly $632 per spread on average. And so if you’re using 10 Contracts then average net credit per week systems results are $1,360. And if using 100 contracts with a $6,320 per trade margin then results were $13,600 per week cash income.
What’s in the course?
- This is a video based home study course that will teach you how to trade the system
- And will also show you Best practices and pitfalls to avoid
- It we’ll teach you about details on the credit spread option strategy
- How long will it take to learn the system? It will take you an hour or two to learn the material. Then you’ll want to study historically confirm the system works. And then it wanted to virtual trade. Most options brokers offer virtual trade platforms. The CBOE has one in case your broker does not
- How much money can I make with this system? Well we’re not allowed to promise you any returns. But your best bet in trading the future is to trade something that has worked well in the past. Whatever you do just start small and use a good money management position sizing system. Many Phelan options trading because they never figure out or have the discipline to do there trading position sizes right.
- What’s a credit spread? It’s an option strategy where you sell the more expensive option and you bye A cheaper option. Most credit spreads are sold with adjacent strikes.