NUGGET – Credit Spreads Options System on Micro Swing Level for Weekly Income – Weekly Options Paychecks

What if You Could Add and Extra $3000 a WEEK Paycheck with Approximately $1000 Risk to $1000 Reward Trades?

NUGGET aims to take advantage of weekly options expirations with credit spreads by going on the micro swing level (60 minute bars in this case).

  • We aim for expiration
  • We play closer to ATM
  • You can use OTM credit spreads but we try to go as close to ATM as possible
  • We take a binary options approach to trading vanilla options credit spreads which is a pretty neat new approach
  • You can trade 1 point spreads and even .50 spreads on many stocks for a more easy clearance of both strikes into expiration.  (ie AAPL, SPY, CAT…)

 

Performance:

  • Weekly results below
  • Trading hour bars
  • Trading same week expiration credit spreads
  • Roughly 1:1 reward to risk ratio.  Equates to approximately 24 net win trades over 8 weeks or 2 months.
  • So if risk to reward was say $1000 credit to $1000 margin risk then the net profit here would be $24,000 which would equate to $3000 a WEEK income off of $1000 risk trade sizes.
  • Aim to expire the credit spreads (like a binary option) although carefully monitoring that or stock does not site between strikes
  • Each row is a week.

 

MAY 23 WEEK START W’S 41
WWWLWWWWL L’S 17
WWWWLWLWL t 58
LWWWWWW W% 71%
WWWLWWWWLW
LWWWWLLL
WWWLWWLL
LWWL
WWW

 

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