Weekly Income Alert – July 10, 2026

Hi, everyone. Welcome to Weekly Income Alert. I’m Marc Lichtenfeld. Glad you are with us. I’m still on my West Coast tour.

So, again, more profound respect for those of you who get up early in the morning with me here on the West Coast. I’m in Las Vegas for Freedom Fest. So if any of you will be at the conference today, please be sure to say hello. I’m speaking at two o’clock and then at eight thirty tomorrow morning.

So the opening bell gets here early on the West Coast, so thank you for those of you who do get up early. It’s, it’s it’s pretty early. I I didn’t forget, but it’s a it’s a good reminder at, at these West Coast hours or East Coast hours on the West Coast, I should say. So, good stuff today.

Looking at the market, market’s pretty flat. Russell is underperforming a little bit, but nothing nothing to be too worried about. Seems like a pretty quiet day so far.

The VIX is down.

So really kind of a whole lot of nothing to see here for Friday, which is, you know, not the worst thing. I mean, kind of like sometimes when Fridays are volatile, VIX is higher, gives us a little more juice on our option the new options that we are selling. On the other hand, makes it easy to to feel fairly confident that our position will expire worthless. I’m being told that I am frozen.

Can you guys still hear me?

Okay. We’re not frozen apparently.

So and and yeah. Yeah. So okay. Everybody’s saying we’re not frozen. Great. So, yeah, looks market looks good.

Barring anything unusual, we should have our position expire worthless today, which would be awesome. That will be our tenth win in a row. So as you guys know, we we kinda, you know, we’re a little bit streaky. So, we’ve had ten winners in a row.

So even anybody who started right when, things got a little hairy for a few weeks, you should be in the green now or the black, depending on which color you’re using, but you should not be in the red. So that’s good news too. And just, looking at our portfolio statistics since we started in May, and one of the things I’ve talked about a lot, especially in the beginning, was our back tested results, which was eighty six percent win rate. But now we have over a year’s worth of real life results.

We have just about fourteen full months of real life results. We’ll be at an eighty one percent win rate, and the average position, and this includes the losses, has a return of nine percent. And that’s, you know, every three weeks earning nine percent on a position, including losses so far in fourteen months of real trading. So, you know, fantastic, fantastic results, and I couldn’t be happier with it.

Let’s look at the portfolio real quick. As we said, today’s position should expire worthless. Next week, we’ve got the July seventeenth twenty eight point seven five, twenty eight point eight five put spread. Remember, that’s an AM expiration.

So Thursday will be the last time you can trade that. Thursday at the close, it will expire at the open on Friday morning.

So, yeah, the twenty eight seventy five, twenty eight eighty fives look pretty good right now. Russell right now, twenty nine eighty, so about a hundred points away.

Nothing nothing to be concerned about at all at this point. And then we have the July twenty fourth, twenty nine thirty, twenty nine forty spreads. That’s getting you know, we’re fifty points away from that. So we’ll we’ll monitor that, see how that goes. But we still have two weeks to go. So as you know, if you’ve been with me for even a little while, when we’re that far away, I generally tend not to worry about it, tend to take action.

You know, we’re in a bull market right now until proven otherwise. We tend not to cut positions, early until the final week. We want to give the system the chance to run and, do what it’s going to do.

So, you know, yeah, even if the markets, give us a hard time next week, we probably wouldn’t do anything with that July twenty fourth position until the following week. Not that I’m expecting that necessarily, just just kinda giving you a heads up. Alright. Let’s get to today’s trade. Let me just take a look where the market is real quick.

I think it’s gonna be where I expected it to be. Okay.

So, let me share my screen.

Alright. There we go. So, we are trading the Russell just like we have every Friday for the last fourteen months. So that’s dollar sign r u t in Schwab.

We have changes to vertical put.

And here’s the part where, especially some newbies get, tripped up. In Schwab, you have to select r u t w from this drop down menu in order to get the expiration dates that we want because under Schwab, r u t only gives us the monthly expirations, which are the third Friday. But we are gonna be trading the July thirty first. So to do that, you have to select r u t w, and then you can see here you get a lot more choices, in expiration date. So it’s the July thirty ones.

And when we change anything here, it automatically changes it here because we put in vertical put spread up here, and it just makes it very easy. So we are going to trade the twenty eight nineties. We’re selling the twenty eight nineties. We are buying the twenty eight eighties.

Credit is a dollar ninety, dollar ninety five roughly. I’m gonna leave it as a dollar ninety. I don’t wanna go any lower than that. So let me just double check this.

Yep. July thirty first, eight ninety. Buy the eighties. I’m gonna put my limit at dollar ninety.

You can do it slightly higher if you wanna try to get a little extra. I do it just to to increase the chance of getting filled. So I’m gonna review my order. Go ahead and place that trade.

I am now going to I’m now going to enter that trade before I send it. I mean, I’m gonna send it out to everyone before I place it myself. Let’s just see. Are anybody getting filled?

Dollar ninety, dollar ninety five.

Alright. Let me, I’m so used to two screens, and when I’m traveling, I only have one. I think I need to get another screen.

Alright. Twenty nine eighty puts or twenty eight eighty puts.

Alright.

Eighty put. Limit price, dollar ninety.

Alright. I’m sending this out to everyone.

Let’s see. Are we still getting filled? Dollar ninety eight, dollar ninety five.

Great. I’m gonna send mine.

Alright. And I got filled at, looks like, a dollar ninety five, I believe. Let me just double check.

July thirty first.

Yeah. It looks like dollar ninety five I got filled. Alright. So we are filled dollar ninety five.

I can stop sharing my screen, and let’s get to some of your questions. Looks like a lot of people getting dollar ninety five. OxClubber DBL says up five thousand six hundred fifty dollars since inception. Nice to hear that.

Steven in Maryland says E Trade is not showing the weeklies. If anyone trades on E Trade, and you can, you can let them know where to find the weeklies on E Trade.

A lot of people getting dollar ninety five. Great.

Let’s see. What questions do you have? A lot of, a lot of veterans now, getting fewer questions.

Let’s see.

Let’s see. So any concerns with the Iran war seeming to heat back up? Oil rising again. Last time this happened, we had several losses in a row.

That’s a tough question to answer. Am I concerned about that? Sure. Could that affect the market?

Absolutely. But I’m not going to trade based on my fear, my hunches, anything like that. I I need to see the market telling me what to do. That that’s one very, very hard lesson I have learned over three decades of trading.

There were plenty of times, you know, I had a hunch. I had much more than a hunch. I had, you know, done really, really good analysis. Had other times, I’ve listened to really smart people and, everything in between and had every reason to believe the market, a stock, a sector, what have you, was going to move in one direction or another.

And what I have learned is let the market dictate my action.

Sometimes I was right in those circumstances. Often I was wrong.

So I’ve learned to let the market tell me what it’s going to do.

Just because the market is going up doesn’t mean it’s going to stay going up forever, obviously. But there is a lot of truth in the trend is your friend and the market often, stays in trends. Even if that trend is sideways and kind of bouncing up and down a little bit, it very often does trade in trends and and kinda moves in a similar direction for a while. So until I see that change, I’m not going to certainly not trade this strategy any differently because I’m concerned about a war and what the market will do.

Also, every time the war heats up And then, you know, if the market sells off and then we reach a peace deal and the market quiets down and goes back up. So at what point does the market say, well, this is just crying wolf and this is just gonna be the cycle for a while? I don’t know. I don’t have the answer.

But again, that’s why I just try to let the market tell me what to do, let price dictate that. So even in, you know, other trading services in my own portfolios, it’s not like I’m buying puts, I’m selling stocks because of this war. If anything, maybe if the energy sector heats up, I mean, had really nice day, I think it was on Wednesday.

If that continues, then maybe in other areas, start increasing our exposure to energy and oil stocks. But, as far as weekly income alert is concerned, yeah, I’m not changing that because of geopolitics. Because very often the market will do very different things than you expect. You know, there’s terrible news.

Sometimes the market sells off and sometimes it doesn’t. And even sometimes when it does sell off, then it just goes right back higher.

And the opposite’s true. You know, pieces declared and and sometimes market doesn’t do what you want. There’s an old expression when it comes to war, buy on the buy on the sound of cannons, sell on the sound of trumpets. Meaning, when the markets sell off because of war, that’s usually a great time to buy. And then when victory is declared, that’s often a good time to sell. And that’s a pattern that’s repeated itself quite often, maybe not so much in this war, but, in in much bigger conflicts. That is very often the case.

So Dennis h, I’ve been in this service since the Las Vegas conference. That was our investment new conference, averaging twenty five hundred income per week with the average trending up. That is awesome. Thank you for sharing that, Dennis. Very glad to hear that because, today, I’m on a panel where I’ll be talking about the the the name of the panel is how to earn a thousand dollars a week in the market. So, you’re doing two and a half times that. Love that.

Let’s see.

Murph in Florida. Any reason to look at other tickers for this premium type of trade SPX or XSR? We are always looking at some alternatives and hoping to get that to you at some point. You know, it has to kind of be perfect for that to happen.

You know, we have to be really happy with the results and very confident, just like we were before we rolled out this strategy. So we are looking at, you know, Anthony is in the lab all the time, playing with the data, looking at the different indices, and trying to find another way that we can add some different trades. So that that should be coming up. I just can’t give you a date.

I don’t wanna I don’t wanna overpromise at this point because we don’t have anything for sure yet.

Let’s see.

Next phase, can I see your trading screen again? Sure. Let me get that set up for you.

I’ll repeat the trade. Let’s see.

Yeah. I know, especially now, it might go a little bit faster than than, we used to because we don’t have as many new people on.

Okay. I have to I just have to, kinda reset this. Hang on one second if you would.

So I have to tell you in Las Vegas, it is a hundred and ten degrees today. When I stepped off the airplane, I was coming from San Francisco where it was, like, sixty with a lot of fog and wind, so it was, a cold sixty.

And I stepped off the plane into an oven. This was a dramatic change.

And I live in Florida where it gets hot, but it it’s not like an oven. It’s like a more like a steamer, but not an oven. Alright. So let me that’s enough with the weather report. Let me share my screen.

Okay. So we’ve got the Russell. We need to change this to vertical put because we are trading a put spread. And when you do that so you can see here, Russell, July seventeenth. We want the July thirty first to get the July thirty first. You can see it doesn’t exist here. So to get that, we have to change it to r u t w.

And then we have the option to change July thirty first. When we do, it automatically changes the second leg because we are trading a put spread.

Then we scroll up here to twenty eight ninety on the sell, twenty eight eighty on the buy.

And it’s actually gone up a little bit since then. So you can see the credit here is two fifteen. You’d hit review order and then place your order. So that is what this should look like. So we’re selling to open the twenty eight nineties, buying to open the twenty eight eighty with the expiration of July thirty first.

Alright. What else you got for me? Let’s see.

Dennis Ray says I knew I need a tutorial. So we have, on the website, on the weekly income alert website, we have let me see if I can first of all, let me see if I can where I can find it and then if I can share it.

So on weekly income alert and let me try to share this real quick.

I’m having a weird thing with my share my screen where it’s not grabbing certain windows. But if you go to oh, wait. There it is. Okay.

So if you go to oxford club dot com, sign in, and you go to weekly income alert, there, you’ll see getting started.

You’ll see video series, reports.

So all these things will help you get started. So if you click on get started, there’s various things here.

So all of that will help you get started and and learn exactly what this trade is. You can also go back and, you know, rewatch a recording. And if you have any questions, just shoot me an email, mailbag at oxford club dot com. And I can’t give you personal advice, obviously, but I can certainly answer your questions if there’s something specific that you’re getting stuck on.

Let’s see. Burn v t one says with the July seventeenth puts being AM puts, how do you notify us what to do on Thursday before the end of the day? I am new to this having only done the last three weeks. So how do we close out the position?

So great question. So if it expires if it’s going to expire worthless on, on the for the Friday morning trade, generally speaking, I don’t send out an alert. I don’t do anything saying that, you know, that everything is fine. We just kinda cover that that Friday morning.

If there we need to close it early, then I absolutely I send out an alert, before then. But if everything is looking like, you know, we’re just gonna let it expire, then, then, yeah, we’ll just cover it on Friday morning. I don’t recall I don’t recall that there’s ever been like a a real close call for that, that Thursday PM trade where in the afternoon, let’s say, sent out an alert saying, hey, we’re gonna ride this to the end, see how it goes. I I don’t think it’s it has been close yet.

If it is, basically, if there’s any information I need to give you, I will absolutely give you that information. So and if it is getting close, I would say, you know, try to keep an eye on your inbox late Thursday. You know, chances are if it is close on Thursday, I would send out an alert probably even earlier than late Thursday afternoon saying, you know, let’s get out early. But, you know, sometimes markets sell off hard at the end of the day.

So, if something like that were to happen, there could be a scenario sometime where everything looks fine and suddenly and it can happen on a Friday too, where everything looks fine and then there’s a late day sell off, market falls two percent, and we need to take action. So, you know, anytime there’s gonna be some situation where I, I wanna close out the position early, I will send an email. And if you’re on text, you’ll receive a text also. So, that’s that’s how that works.

Let’s see.

Cindy says, how do you interpret the VIX? I am not clear what you mean by interpret.

So looking at the VIX right now, it’s at about fifteen and a half. That’s a pretty low level. So generally, and this is very generally speaking, but generally, anything below twenty is very bullish.

It just means that there’s a lot of calm contentment in the market. Know, if you start getting below ten, certainly the low teens, but especially below ten, that starts to get kind of extreme comfort and confidence in the market, which actually is not a great thing. So right now, we’re kind of in the sweet spot for what it’s telling us. It’s not necessarily great for premiums because the lower the VIX, the lower the premium.

Above twenty, and, you know, the the market is telling you it’s getting a little bit concerned. And then when really, when it spikes, let’s say above thirty, that’s when fear is really starting to take over. And, and premiums go way up because if there’s more fear in the market, people are willing to pay more for their puts and their options. It’s just like if a hurricane is coming, you’ll probably be willing to pay more for your insurance, if there’s a hurricane right off the coast versus, let’s say, the middle of winter when there’s no activity.

So that’s the basic concept. So the less fear there is, the less money you receive for essentially writing an insurance policy to somebody, which is what we’re doing when we’re selling a put. When things get, scarier, people are willing to pay more for that insurance. So that’s that’s how, you can interpret the VIX.

That’s a very general number. Those numbers are not lines in the sand, but it’s a general number.

Then, yeah, Rich says CNBC shows the VIX if you have your trading platform, you can put that in a watch list. It’s not something, you know, I am watching minute to minute. It’s kind of, you know, I check it first thing in the morning just to kind of get a sense of where the market is and what may happen that day.

Just because the mark the VIX is down doesn’t necessarily guarantee that the market is going to be up and vice versa. Though if it’s up or down dramatically, that’s usually a a pretty solid indication. If, you know, if if you come in on Monday and the VIX is at twenty two, we’re probably gonna be in for a down day, because we’re at fifteen. On the other hand, if the VIX was at thirty and you came in and it was at twenty two, that could be a very positive day because the fear is lessening. So all in context as well. So yeah, it’s not something I watch minute to minute, but just it’s just a good indicator of kind of where we are, what the market’s thinking, and especially on Fridays when we’re selling puts, you know, like to see, even before I load the trade just to, you know, have a an indication of whether the premiums are gonna be particularly juicy that day or not.

So Andy K. Twenty twenty six, is new. Welcome. Using Fidelity, tried to request permission to trade options.

Denied due to a lack of experience. Any suggestions? Absolutely. So anybody who’s new who’s had that problem and and quite a few people have, and eventually got cleared, there’s a few things you can do.

So if you it sounds like you you don’t have a lot of experience trading options. So, if that’s the case, what I recommend is, you know, really understand this strategy, and, go through the welcome materials, the getting started, the video series, everything. Really make sure you understand this strategy and can talk about it. Because sometimes you can reach out to the broker and say, look, I know what I’m doing.

And, you know, basically ask me about it, I’ll prove to you that I know what I’m doing. And sometimes that will work. Again, you have to know what you’re talking about. But if you do, sometimes they will then go ahead and approve you. If you can’t do that, then ask them what you need to do to get approved. Usually, it will involve paper trading.

Essentially, the broker is trying to do is cover their butts because they don’t want customers coming to them if they lose money because they got in over their heads not understanding options and saying, you let me trade, when it was clear I didn’t have any experience. So that’s what they’re trying to do. So as long as you can basically let them know that their butts are covered because you do know what you’re talking about, or you have paper traded for a little while, if you don’t have any experience, that can tend to, can move the needle. So, you know, if that doesn’t work where you say, you know, test me basically, I can show you that I know what I’m talking about, then ask them, you know, what do I need to do to get approved?

And they’ll tell you. Because, I mean, they do want you to be approved. They make money when you trade. They just need to make sure that that their butts are covered, and you’re not gonna take big losses because you don’t know what you’re doing.

Neil said last week’s trade went out and did not specify AM puts. Can we make sure that’s more specifically spelled out on the green trade alerts? So really good point, Neil. They are all PM trades unless otherwise noted. And the only time it can be an AM trade is when it expires on the third Friday of the month. Otherwise, it has to be a PM trade.

So July seventeenth, next week, that is an AM trade. The next possible AM trade would be August twenty first and September eighteenth. So it’s only gonna be the third Fridays of the month. And the reason for that, historically, options only expired on the third Friday of the month.

Then as option trading got more popular, they started putting in expirations every Friday. And now there are options that, you know, on some stocks and indexes that expire every day. But those third Friday of the month are the only options that can expire in the AM. And typically, on the third Fridays, we are trading the AM options. I think we’ve only traded the PMs once.

And and it’s usually because of either liquidity or or a slightly better price, what have you, but it’s it tends to always be the AMs on the third Friday, be just because there’s greater volume.

Otherwise, it is always going to be a PM expiration.

Powell B pointing out it’s not a huge problem to trade the PM options on the third Friday anyway. Absolutely. Yeah. There there’s not gonna be that much of a difference. But, yeah, if if if a mistake is made and you trade the PMs, it’s not a problem. It’s, you know, you just need to be paying attention in case things are getting close, understanding that it will expire at the end of the day, on that Friday instead of in the morning.

M Randall. So on the normal, OpEx, third Friday, we will always be doing the AM trade?

Generally speaking, yes. Like I said, I think we trade the PM once. So, you know, I’m not gonna say always, but generally speaking, we have been trading the AMs.

How are you calculating the nine percent profit on the trade? So here’s how how we calculate profit and loss.

So on this trade, to make the math simple, let’s say so we got filled at one point nine five dollars Let’s just say that we got filled at two dollars make the math simple. So we’re risking eight hundred dollars to make two hundred dollars Okay? Because if this trade is a maximum loss, we lose eight hundred dollars. A thousand would come out of your account. You’ve already collected two hundred, so that’s an eight hundred dollar loss.

So if this trade expires worthless, that’s twenty five percent return on your invested capital because you made two hundred when you’re risking eight hundred, so twenty five percent. So if we made, you know, twenty five percent today and twenty five percent the next week, and, you know, and and continue to make twenty five percent in perpetuity, our average return would be twenty five percent. Obviously, we’re taking some losses here and there, so then we subtract the losses. So, we’re basically we’re taking all of our wins, subtracting all of our losses, and that’s what how the average has come out to nine percent.

Let’s see. Slivner grew. I’ve been increasing the number of contracts, trade by by one every week. Started at ten contracts today. Account started with three thousand, and it stands at thirty two thousand nine hundred eighty nine with twenty eight thousand for option coverage. Next week, I’ll increase from nine to ten.

Need forty thousand dollars to trade four weeks’ worth because of overlap each third week.

Great. Glad to see it. Just, you know, again, make sure that you are able to handle any losses.

So that’s the most important thing. I love hearing how much people make money, but wanna make sure that when we do hit a loss, and if it’s a maximum loss, you still have plenty of dry powder to stay in the game so that, you know, still be participating when we get back to the winning side. As you saw, you know, we hit that rough patch a number of weeks ago, I think let me take a look real quick when we hit that bad spot, like the beginning of the year.

So we had when was that?

That was last year. Let’s see. So, yeah, we hit a period where we had two losses, then two wins. And the two wins were big wins because at that point, the market was weak and so premiums were really high.

And we were trading iron condors also. So we had a six seventy credit and a four sixty five credit, So that really helped. And the losses were smaller because the credits were so large. So that helped even though we were losing, the credits were much larger.

The losses were smaller, then picked up a couple of wins, and they were big wins. Then we did hit a rough patch where we had four losses in a row.

One of the losses was small, but three were max losses. So that was not a good period. But then, yeah, then ten in a row, were winners. One, two, three, four, yeah, including today, assuming that that ends up being a winner today.

So, yeah. So my original point is make sure that if you’re increasing your trades because it’s been working, that’s great. But please do make sure that you can handle, a maximum loss and even, you know, a few maximum losses so that you’re still in the game when we come back with these big winning streaks. Because this has been a very streaky service where when we launched, we hit fourteen winners in a row, then we had a few losses, then, you know, back on the winning side.

And, you know, as markets trend, that’s going to happen. So please do make sure that you have plenty of ammunition to get back on the winning side. Don’t get too overexposed.

Alright. Last question. How do you manage these when they go against you?

So I am typically waiting until the last week because in our back test, what has worked the the back test was holding everything to expiration. We didn’t close out early in the back test. So we wanna give these positions as much chance to move, to move back in our favor if they’re against us over the three weeks. If it doesn’t happen, so if we are down and we are in that final week, then I am doing my analysis on where the market is going, how the options are trading.

Is it worth closing out early? Let’s say we can take a smaller loss, maybe that’s worth it even though we’re giving up the chance at a gain. Or maybe I give it another day. If it’s a big loss, let’s say that we have a nine dollar loss, a nine hundred dollar loss instead of a a thousand.

At that point, I might just let it go and see if we can get some of it back because we’re close to a max loss situation anyway. So every situation can be a little bit different, but I’m generally not gonna do anything until we get into that final week of expiration.

Alright. Coast Romer, can you give us email address again for how to contact you with questions? It’s mailbag at oxford club dot com. James, if you wouldn’t mind just putting that in the chat, greatly appreciate that.

Again, mailbag at oxford club dot com. There it is. Thank you very much, James. Appreciate that, and appreciate all of you for being here.

Hopefully, at the closing bell, it will be another win. And I will be back on the East Coast next week, looking forward to sleeping in next week till about six thirty in the morning. So have a great week, everyone, and I will talk to you on Friday.