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The “Option to Profit” book available as either an e-Book download or as a 300+ page book is available at major booksellers, Amazon.com or through our website.
Invest like TheAcsMan Option to Profit is available as either an eBook or 300+ paperback. Take a humorous look at a serious topic and learn how to make your portfolio finally go to work for you in bull and bear market environments. See a sneak preview of Chapter 1. hoco blogs More about the book and purchase options. Scroll down and read the Szelhamos Rules blog, updated every weekday. Find OTP Book at Amazon, B&N or now you can also Order direct from publisher. Use 10% Discount Code P4S2ZD8H
SUBSCRIPTION SERVICE IS NOW CLOSED TO NEW MEMBERS.
Past subscribers will notice that the Menu has significantly changed, as the Szelhamos Rules Blog has been resurrected and is now the main activity for exchanging information, now that the Option to Profit book has been published.
The information below is for historical purposes only and may be used as a guideline to our overall philosophy for those considering the purchase of the Option to Profit book.
Past subscribers may, however, re-instate their subscriptions using the available pay options. The introductory rate, however, is no longer available.
Thank you for considering a subscription to “Option to Profit”.
I don’t take myself very seriously, but I do take my money very seriously.
I also take your money and its safety, very seriously.
The past 3 years has been a tumultuous period in the markets. But out of uncertainty comes volatility, which can be your best ally.
“Option to Profit” is a quite simple concept.
With the introduction of Weekly Options, subscribers will be able to log in to our site to see our recommended strategy for each week.
The recommendations that subscribers will see will really be applicable for just a few days.
No. We never deal in penny stocks. Only blue chips. No speculation. Only solid companies, with solid fundamentals.
We are not recommending a buy and hold strategy, nor are we day traders.
From my universe of approximately 75-100 stocks that I currently own or follow very closely, each month, just a few days prior to options expiration, I will recommend the purchase of several specific stocks, which must be coupled with the writing of call options on those stocks.
During periods of volatility, the premium that someone is willing to pay for the privilege of buying your call option from you is enhanced. The premium on the option is added to your personal brokerage account. It is the fundamental basis for your monthly profits.
The average holding period will be 2-3 days. It is entirely up to you to sell your stock in a timely manner, if the option is unexercised, since none of the recommendations featured in this newsletter are intended for longer holding periods.
The average rate of return will obviously vary, but the typical goal is 2-4% each month. Annualized, we seek a 25% rate of return, after all expenses and trades are considered.
Occasionally, dividend capture strategies will also be employed in conjunction with the above strategy, thereby enhancing returns and also offering the ability to receive tax benefits by shifting capital gains to dividends. In such cases, the recommendation may come as early as the Sunday evening preceding the 3rd Friday of the month, which is the standard options expiration day. Most often, the recommendations will be made on Wednesday, preceding the 3rd Friday of the month. Through the use of our Toolbar, subscribers may choose to allow direct alerts to be delivered to their desktop via their internet browser.
WHAT ARE THE BENEFITS OF USING THE TOOLBAR?
Here is what you will need to participate in our recommended program:
1. A low cost brokerage firm;
2. Approval to sell covered call options and sell puts; and
3. An introductory $75 monthly subscription to our service.
If this is done properly, and you pay attention to the decision making process, you should be able to go on your own after just a few short months. After 3 months at the introductory subscription rate, the fee returns to its regular $75 monthly rate.
I do recommend at least $50,000 of available funds for you to invest. Although you may certainly do so for less, diversification is very helpful and having a minimum of 100 shares in each equity position is necessary in order to write call options, as each hundred shares will allow you the ability to write a single call option. With each multiple of 100 shares in a particular stock, you will achieve an economy in terms of trading costs.
I do not recommend the use of margin.
Please note, that there are always risks with any strategy. The use of covered call options, however, is a well known strategy to minimize risk, by essentially using the call premium as a “hedge” or insurance against stock price declines. In return, the writer of the call option may be giving up any potential gains beyond the “strike price” of the underlying stock. In the strategy that we employ, unless there is a single day explosion in stock price, this is not likely.
Additionally, in the case of stock options, as you near the expiration date, the time value component of the option erodes rapidly. Since your profit is largely related to the option premium, your need to purchase the stock and write the call option on a timely basis is critical.
We encourage you to be very familiar with stocks and options before executing our recommended trades. Your brokerage company can send you a detailed pamphlet on stock options, or you may view it or download it here.
The recommendations that are made are never to be interpreted as a guarantee of results and investing in stocks, particularly with a short term horizon, may represent significant risk.
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After your payment has been posted, you will be directed to a registration page.
You may then choose and submit your Username and Password.
Following registration, you will be re-directed to your Login screen. The Login page is not available to the general public, so you should Bookmark it for easy access.
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