So I usually don’t sign up for advisory services. The only ones I have ever made money with were Don Fishback and in the good old days when the VIX stayed around 18-20 was Dr. Terry Allen’s recommendations (he taught some of my friends at UVA and is how I was introduced to options) and the trading book was helpful for directional trades. I have also spent plenty of money on tools that don’t work (John Carter and others). I have found a few tools from alphashark that are useful and have paid for themselves but only if you get them on sale.

The most useful resource I have seen and is free is tastytrade. There are now education experts packaging their research and selling it when you can get it for free from them. Selling options 30-45 days out, managing winners, and rolling/adjusting losers works. Can we all have results as good as Karen the Supertrader, probably not but by staying in the game and compounding we can probably make a decent amount of money and many of us had (my new GTI was paid for with cash last year with option profits).

Anyway, my experiment was I had a special price on Options Income Blueprint, $80 for 2 months so I figured what the hell, worth a try. They do all of the above but focus on weekly options. Same benefits, quicker decay so quicker pay check hopefully. I am only 2 weeks in and have already found you get assigned a lot more because you are closer to the money or have to roll options a lot more because of the same reason. However, I am slightly profitable and as long as you roll for even or a credit do not add any additional risk to the trade. I will report back at the end of 2 months and post some of my trades. If it works may be able to get quicker time decay and is another tool for generating income.
Glad I was referred to options bistro, I have already had a lot of good ideas and like the way everyone trades!
Now maybe we get some more volatility!?