Hope everyone is enjoying their weekend. I’ve got some new program release information to share with everyone.
Max Programs 1 through 10 are active and ready to go.
I sent out a quick update yesterday discussing the new programs and I wanted to share this with the newsletter subscribers.
Max 1 - Max10
I’m finishing off some last minute details on the new strategies and we’ll start trading as early as Monday morning. I believe these strategies will expand the income potential for the current Max Income subscribers and will allow new subscribers, with smaller size accounts, to trade the Max Income strategy (by trading a subset of the full Max Income strategy).
Who is this service for:
1) Individuals with small to medium accounts.
2) Anyone who wants to get more familiar with how the Max Income strategy works.
3) CycleSpreads Max Income subscribers.
Four main benefits to current Max Income subscriber’s
1) Additional weekly income
2) Subscribers can choose additional stocks that we are not currently trading
through Max Income (AMZN, AVGO, LRCX, AAPL)
3) You may want to double up on some of your favorite stocks without doubling up
on others, for example, you want to double up on GE and NVDA trades, but not
any others. Note: The trades placed in Max1 through Max10 will have different
strike prices and/or expiration dates than what is traded in Max Income
4) If we're in a Max Income trade where we were assigned and the stock position is
trading below our entry price (GOOGL and AMD for example), you can select these
positions in the Max1 through Max10 programs, as we'll be selling puts at lower
strike prices, earning us some bonus income on these positions.
Why Max1 though Max10
First, I’ve had several requests over the past few months from subscribers who would like to trade Max Income, but their account sizes are not quite large enough to do so, and what I came up with is an a la carte method where subscribers can select the program(s) they would like to trade based on their account size and the underlying instrument they would like to trade.
Second, I wanted to expand the trade opportunities and income for the current Max Income subscribers.
There are 10 programs to choose from, Max 1 through Max10. These new services will be using the same trading logic as Max Income and each of these services will hold a maximum of 1 open position. Listed below, next to the strategy is an approximate account size needed. The type of account, either a Retirement account or a non-retirement account, would further determine the account size needed. Retirement accounts would require a 10K-25K account size and non-retirement accounts would require a 5K-20K account size. We do take stock assignments from time to time on our option positions, so please take this into account when determining which strategies you would like trade.
***If you are unfamiliar with the CycleSpreads Max Income strategy, please refer to the lower portion of this newsletter for the YTD trade results. Additional information can also be found on the CycleSpreads website and I would be happy to email out the complete trade history from Max Income.***
About
Trade Duration: Typically, 1 week
Target Income Range per Trade: $60 to $200
Account Size: $5K to $25K per strategy
Maximum Number of Open Trades: 1
Trade Types: Selling Puts and Selling Covered Calls.
Subscription Cost: $10 per month for each of the individual programs.
Strategy List
Max1 will trade options on LRCX (5K to 10K account size needed)
Max2 will trade options on NVDL (5K to 10K account size needed)
Max3 will trade options on TQQQ (5K to 10K account size needed)
Max 4 will trade options on NVDA (10K to 15K account size needed)
Max 5 will trade options on AMD (10K to 15K account size needed)
Max 6 will trade options on AVGO (10K to 15K account size needed)
Max 7 will trade options on GE (15K to 20K account size needed)
Max8 will trade options on TSM (15K to 20K account size needed)
Max9 will trade options on AAPL (18K to 25K account size needed)
Max10 will trade options on AMZN (18K to 25K account size needed)
The positions we trade in Max1 through Max10 will have different strike prices and/or expiration dates than what we are trading in Max Income, so the Max Income members who want to trade these individual strategies won’t have to worry about duplicate trades.
The subscription fee for each individual program is $10 per month. We’ll start with these 10 single instrument services, and I’ll add additional ones as we move forward.
To subscribe, please send an email to info@CycleSpreads.com, letting me know which Program(s), you’d like to trade and I will email out the Paypal link.
Sam
CycleSpreads Weekly Program Updates
CycleSpreads Max Income
Now that we are beyond NVDA’s earnings report, we’ll get back to normal trading next week, although it’ll be a shorter trading week with Thanksgiving coming up. Each week, we continue to earn premium and will continue to do so moving forward. We took a little hit on our GOOGL position after the Fed’s announced that they want Google to sell off their Chrome division. Not a big worry, as we’ve earned a good deal of premium so far on our position and we’ll add to that premium this coming up week.
The following trade results are as of Nov 22, 2024
To keep the math simple the following figures are based on trading the minimum of one contract.
Total Premium Earned Trading 1 Contract
AMD: $2,142
GE: $2,470 plus $750 for sale of stock
NVDL: $1,155
TQQQ: $1,083
VRT: $1,338
VST: $1,194
GOOGL: $1,127
NVDA: $1,489
TSM: $1,362
WDC: $301
Total Premium Earned: $13,824
Trade Results
Week of 5/27/2024: $933 (7 trades)
Week of 6/3/2024: $561 (4 trades)
Week of 6/10/2024: $426 (5 trades)
Week of 6/17/2024: $1214 (8 trades)
Week of 6/24/2024: $473 (5 trades)
Week of 7/1/2024: $1050 (8 trades)
Week of 7/8/2024: $1590 (9 trades)
Week of 7/15/2024: $831 (5 trades)
Week of 7/22/2024: $0 (0 trades)
Week of 8/5/2024: $0 (0 trades)
Week of 8/12/2024: $292 (0 trades)
Week of 8/19/2024: $0 (0 trades)
Week of 8/26/24: $369 (4 trades)
Week of 9/2/2024: $0 (0 trades)
Week of 9/9/2024: $625 (5 trades)
Week of 9/16/2024: $919 (4 trades)
Week of 9/23/2024: $708 (8 trades)
Week of 9/30?2024: $532 (4 trades)
Week of 10/7/2024: $1012 (7 trades)
Week of 10/14/2024: $1500 (2 trades)
Week of 10/21/2024: $901 (8 trades)
Week of 10/28/2024: $1835 (8 trades)
Week of 11/4/2024: Presidential Election Week (0 trades)
Week of 11/11/2024: $380 (3 trades)
Week of 11/18/2024: $278 (2 trades)
CycleSpreads Debit Spreads
We have 6 trades expire over the past 2 weeks, all earning max profit.
I’m planning on issuing some new trades next week, just waiting on the positions to set up.
To trade the Debit Spreads program an account size of $10,000 would be needed with an allocation of $1000 per trade (this would allow you to trade 1 contract)
CycleSpreads Program 3, 4, 5, and 6
We had a good trading week and have entered into several trades, most earning higher than normal premiums. I plan on issuing several trades next week.
An account size of $10,000 would be needed to trade each of these programs.
Program 3, 2024 YTD Return: 190.37%
Program 4, 2024 YTD Return: 39.08%
Program 5, 2024 YTD Return: 39.53%
Program 6: 2024 YTD Return: 21.60%
CycleShares
Year to Date: 36 winning trades and 15 losing trades.
2024 YTD Return: 76.35%
With CycleShares only 1 position is held at a time. This strategy can be traded with any account size, however, a $10,000 account size is recommended.