You Have Questions? I Have Answers.......Lou Russo
What are the Trades for Spread Trader ?
We buy and sell index and stock options.
The options that are sold are of a higher value than those options bought
thereby receiving a credit when a trade is executed. These are called credit spreads.
How will I be notified that a trade has been issued ?
All new trades, updates, and information are emailed directly to members.
How many positions will be open ?
The could be as many as 6 open positions for Spread Trader and 20 with Power Options. It is not necessary to trade all positions,
however the more positions you have
the better the diversification. Market conditions play an important role in the number of
positions that will be recommended.
How long are positions held ?
Several days to several months depending on various factors for Spread Trader. We try to stay within a 3-6 week expiry.
Power Options is generally 1 day to several weeks.
How much money should I trade with per trade ?
General information for all interested in
becoming a member or for current members is $1,200.00 - $10,000.00 depending
on your personal financial status and risk levels.
Will I receive email updates every day ?
Open position updates are sent to members weekly. There will be days when there are no emails from
time is a profit factor, so as time goes by the extrinsic value depreciates which
is the primary function for profiting.
I do not have a lot of option trading experience. Will this work for me ?
Each trade comes with specific instructions that you could practice on your brokers trading site.
Additionally your broker will walk
you through a step by step list of instructions for trade input.
Additionally, there is Auto Trade that make trading easy.
What kind of brokerage account will I need ?
Discuss this with your broker. An Option Level 3 will be needed to trade credit spreads. Option level 2 for Power Options.
Please contact your broker for details.
How much money should I start with ?
This is a question that you will have to decide upon, however a $5,000.00 - $100,000.00 could be a good starting point.
Can I lose money trading your system ?
Yes. Trading stocks and options come with inherent risks.
What about a Stop Loss ?
Keeping a position loss under 40% is the objective however not guaranteed due to unforeseen factors that could affect pricing.
A stop loss is employed with long puts and call strategy's
such as Power Options, but not included with the initial trade and
issued live during the market. Credit Spreads,
such as Spread Trader, employ a different mechanism. Using a "Time Decay"
strategy with credit spreads,
several factors are considered prior to taking a loss, such as, position adjustment, such as rolling
the position further
out in time, covering the short side
and keeping the long side if the trend reverses in the adverse direction
may be used,
or stopping out the position at or about 40%. It is not unusual to have a credit spread position(s) run in the red until
the extrinsic value begins to depreciate.
Are refunds available ?
No. There are no refunds in whole or part once a subscription order is placed or when a subscription is renewed. Members must cancel
their subscription(s) by email prior to the automatic renewal date. Once a subscription is ordered or automatically renewed there are
no refunds in whole or part.
Are subscriptions automatically renewed ?
Yes. All subscriptions are automatically renewed at the same term and price as the original subscription whether it be a monthly,
quarterly, semi-annual or an annual subscription. The renewal date can be gotten on the subscription receipt emailed with
order. This is also referred to as “Recurring Payments”
How do I cancel my service so the subscription is not automatically renewed ?
Cancellation can be effectuated by an email to email@example.com specifying the name of the subscription
(Spread Trader, Power Options, 5 Star Swing Trader, etc.). The cancellation email must be received by Taking Profits prior the the renewal date.
Trades and updates will continue to be emailed to subscribers until
your membership end date. Taking Profits will confirm the subscription
cancellation with an email to the subscriber.
I have more questions !
Please email us at firstname.lastname@example.org