What types of trades do you place?
We specialize in selling weekly index option credit spreads.
What is a credit spread?
A credit spread is a type of options trade that simultaneously purchases and sells two different strikes of the same underlying. The strike being sold is valued higher than the one we purchase, resulting in a net credit for the trade.
Why do you have to buy and sell two strikes?
The strike being sold (short) opens risk to an unlimited amount. The purchase of the second strike (long) caps the limit of loss to only what you invest in the trade.
How do your trades become profitable?
As long as the underlying security does not go above our short strike for calls, or below our short strike for puts, by expiration, they will expire worthless, resulting in the profit of the entire credit we collected when the position was first opened.
What time of day do you open your trades?
Profitable trading relies heavily on timing. When we open a trade could be any time during market hours. It depends on when our traders see a safe opportunity.
I work during market hours. How can I submit your orders in my account?
We understand this dilemma and that is the main reason why most of our subscribers use an outside autotrade service. This enables one's account to automatically execute trades that we submit. For more information, visit our Autotrade Section
How many trades should I expect each month?
Our conservative trades allow us to pick and choose when to put on risk. This is usually one trade every 2 weeks or so, or two each month.
What returns should I expect?
Instead of shooting for high risk/high reward trades, we prefer more conservative positions. Each position has a goal of grossing 3%, or 6% each month. The conservative nature of these trades have a high probability of success!
What does your name, Boring Fridays, mean?
The strikes that we sell in our positions, are typically very far away from the current underlying security price. If all goes well, the position will expire worthless on a very uneventful expiration Friday. For us, Boring Fridays are a good thing! *We've had to change our strategy to adjust to the volatile market conditions so not all trades will expire on Fridays.
How much is your subscription?
Our subscription is just $79 a month! Subscribe Now