That’s the question I asked when weekly options first came out in 2005.
Weekly options are like standard options except they are listed on Thursdays and expire the following Friday (except for the week when standard monthly options expire). Weekly options are written on many of the most popular indexes, ETF’s, and stocks.
Weeklies have some really exciting advantages…
First, you can make your yield in a shorter period of time. In fact, you can make in a week what other traders take a month or a year to earn!
Second, if you have a bad week, you can recover the next week. Yes, you can trade every week!
Third, there are lots of options to choose from. As I said, there are index, ETF, and stock weeklies. They are pretty liquid, and there are more offerings being added on a regular basis.
Fourth, and perhaps the biggest benefit is theta (time decay) is HUGE! You can literally watch your profit grow higher by the hour!!!
However, weeklies are very risky if you don’t know what you are doing. But DON’T WORRY! I can show you how to trade weeklies while keeping risk to an absolute minimum. And trust me, the rewards are worth it!
Now listen carefully: ONLY A VERY SMALL SET OF STRATEGIES WORK WITH WEEKLY OPTIONS.
My new ebook “The 3 Best Strategies For Trading Weeklies!” will teach you exactly how I use weekly options to earn 20% or more each week. And everything is laid out in an easy-to-follow format. I’ll show you:
•Which strategies to use •How to find the best trades •How to open positions •How to collect your profits
I also explain the risks unique to weeklies and how to avoid them.
These strategies should be in every option trader’s toolkit!
Weekly options are truly AMAZING! You can earn returns within a week that other traders take months to earn!
Imagine being able to place new trades each week. With weekly options you can! And you will enjoy peace of mind since your trading capital is only at risk for a week or less. No more sleepless nights!
The system won’t take up much of your time. Finding and placing trades takes only takes a few hours each week. And it doesn’t take long to get started. You can start searching for your first trade immediately after finishing this remarkable book.
So let me ask you…
Could you use an extra source of income? Do you want instant results? Are you looking for a low risk way to trade weekly options? Do you want simple entry and exit rules?
…then get a copy of my new book today!
Here’s the bottom line: If you are an options trader you have to add weekly options to your tool kit.
P.S. If you aren’t trading weekly options, then you are missing out on one of the best money-makers available. But you have to know what you are doing. My new book will show you all you need to know.
Most Helpful Customer Reviews
To me, the book seemed a little pricey, but its well written, and balanced. The author seems to know his subject well. He assumes you already know quite a bit about options and trading, so if you are a newbie you may be a bit overwhelmed. There's not alot of handholding. However, I liked that fact the he starts out by presenting both the risks and the potential benefits of weeklys rather than painting a rosy picture. I was very disconcerted by the fact that his link to more information about the Double Calendar trading strategy was broken. I know most of the basic terminology, but am hardly an expert myself, and am going to have to do some digging to find out about it myself. Added to that, he provides no email or contact information whatsoever. I compare that to Mr. Mark Wolfinger in the Rookies Guide to Option Selling who provides an email address, invites questions, and responds very quickly (I asked him a question once). And his book is real paper, about 5 times as many...
This book has promise but falls short in a few areas. First as the previous reviewer wrote, the links for details about some of the strategies do not work, so he leaves it to the reader to find other resources to find out more about each strategy. Update, the author references Stocks and Commodities articles about Dan Sheridan. So if you search google you will find the articles he references.
Second the writer only shows hypothetical examples (1 each for each strategy). Why? I don't know, but he could have done a much better job if he had included real examples with risk graphs to show how the trades work and when they do not. He is very complete in telling you how to create a list of candidates from all of the weeklies. But there are many. In my experience, you will find a group of candidates that you will trade on a regular basis. So it would have been nice if the author shared his shorter list to start from then take us through setting up an actual trade with...
A clear and simple read that is exactly what is publicized. I like the system he has created, and, unlike some of his other "papers," it actually works. Yes, I have some disagreement with the actual options that he suggests using, but basically it can and does make money. I prefer selling strangles, but iron condors are okay.
I would like to express a warning: this strategy is not for beginners. Make sure you know what you are doing before trading real money. You can lose a lot of cash quickly.
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