Earning $2,500 Per Week Using Credit Spreads and Weekly Options… Part 1

Pros and Cons of the Credit Spread Strategy in SPX Options Trading

Image from stockboxtech.com

In one of my articles, Casey June asked me to check how many times SPX dropped 300 points overnight (I think she meant 30 points which is around 1% of the price at that time) given a strategy mentioned by Seth Freiburg in one of his videos.

How I Found the SPY’s Potential With a Bollinger Bands Strategy Optimized by Genetic Algorithms

Seth Freiburg discusses a trading strategy applied by a trader who is making $2,500 a week trading options. The trader focuses on SPX (S&P 500) options (Index Options) and executes a strategy known as a credit spread. But, is the strategy worth it???

Let’s start with the basics…

Who is Seth Freiburg?

Seth Freiburg is the head trader of SMB Capital’s options trading desk. SMB Capital is described as a proprietary trading firm located in midtown Manhattan that provides capital for options and equity traders from around the world. Seth Freiburg is responsible for overseeing the options trading operations…