The IC1 Service is an options advisory & educational newsletter that
focuses on non-directional, income generating, option selling, 9 to 13 trading days in duration, 90% probability index credit spreads and iron condors, using weekly options. This service mostly avoids the monthly options (3rd Friday expiration) to minimize the risk associated with the options expiration and settlement process that is unique to the monthly options. The IC1 Service has a 10 year track record, is managed by Brad Reinard, and has been in the top 3 of all options trading newsletters for many years, based on number of subscribers and low attrition rate. Data is supplied by TD Ameritrade.
The IC1 and Time Decay Services are designed to be complimentary, they can be traded in the same account, and both services allows one to diversify their "options selling" investment exposure.
The IC1 Service makes an excellent 4% to 6% return monthly, or
25% to 45% annually, historically. (These numbers include commissions, reserve cash and idle cash) For more details on our returns please visit the ROI Track Record page. For more information on our methodologies of opening trades and managing risk please read Why Market Timing is Important. For more on why we think index iron condor & credit spreads are a good
strategy to learn, please read Top Reasons. Or for those who are interested in autotrading where we do the trading for you please go here. To see an example advisory please go to Example Advisories. To see how we compare to our competitors please read How We're Different. Finally, to try the IC1 service please sign-up for a FREE 30 day trial where no credit card is required.
Summary of Credit Spreads and Iron Condors
Iron condors represent a
strategy of selling options, not buying. When selling options we are getting on the "other side of the trade". One advantage of selling options is that 80% of all option
contracts expire worthless - i.e. 80% of the option buyers lose the premium that they
paid to open (buy) a directional trade. Thus, for the options sellers, there is an 80% probability that they'll keep the premium that they collected when they sold the options. Better yet, the probabilities are closer to 90% for the trades that we typically open.
Additional advantages of Iron Condors are the following: 1) They are relatively
simple to learn and visualize; 2) They require only a few hours per week; 3) They make
monthly income during upward trending, sideways or downward trending markets - as long as the market stays within a plus/minus 5% range over 15 trading days; 4) They do NOT require you to sit in front of the computer watching your trades; 5) They do
NOT require you to become an options expert on myriad options strategies; 6)
They generate consistent, monthly income.
We open our trades primarily on the S&P 500 index (SPY & SPX), the NASDAQ 100 index (NDX), and the Russell 2000
Small-cap index (RUT & IWM) using weekly options.