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How much time do I need to devote to the service in order to be successful?
Every Friday at 10 a.m. ET, Marc will go live for 10 to 15 minutes in the Weekly Income Alert trading room to issue a new trade and answer any questions. These trades are very simple to execute – you can do so in your brokerage account in under five minutes.
Most of our trades in this service should expire without us needing to close the positions. But when we do need to close a position, it will be quick and easy.
In short, as long as you’re able to join the Friday morning video calls and you’re set up to receive Marc’s alerts via email and text message, you should be all set.
What is the average hold time?
We’ll hold most of our positions for three weeks, but we may occasionally close one sooner than that.
What specific types of stocks/investments will be recommended?
In Weekly Income Alert, we exclusively trade credit spreads on the Russell 2000 Index (RUT).
Credit spreads are a unique type of trade involving two similar options on the same ticker. To learn more about credit spreads, please check out Marc’s special report, “Beat Volatility With the Friday Payout Trade,” and his credit spread demo video, How to Place the 5-Minute Friday Trade.
How much money do I need to invest?
For each trade, the minimum amount needed will be $1,000 per spread you buy, because that $1,000 minus the net credit is the maximum loss we could incur. Remember, since we’re trading credit spreads, you will not be “spending” money to enter each trade. Instead, you will earn a net credit equal to the difference between the two option prices, because the value of the option you sold will be higher than the value of the option you bought. That cash will be deposited into your account at the time the trade is made. The best-case scenario is that your spread expires worthless and you simply keep the entire net credit as your profit.
When we recommend a spread, you’re free to open as many as you like. Just be sure you have $1,000 available per spread you buy, and remember to stick to The Oxford Club’s position-sizing guidelines (detailed in The Oxford Club’s Four Pillars of Wealth).
How do I calculate my maximum profit and loss on each trade?
For each trade, our maximum profit is the net credit that we receive when we open the trade. Ideally, our spread will expire worthless and we’ll keep the entire net credit. Our maximum loss is $1,000 minus our net credit.
Our maximum percentage gain is our net credit divided by our maximum loss. So if we collect a $200 net credit when we open the trade, our maximum percentage gain is 25%.
Will Marc tell me when to close our positions?
Absolutely. Every time Marc recommends opening or closing a position, you will receive an alert via text and email, and he will add the details of the trade to the “Trades” tab of the Weekly Income Alert trading room. You will never be left wondering what to do. Most of the time, we will let our spreads expire worthless, allowing us to keep the entire premium we collected when we opened the position. If that’s ever not the case, Marc will let you know.
What happens if the markets turn sour?
The beauty of this system is that it thrives in volatile markets. It’s shown the potential to deliver consistent weekly income in bull markets, bear markets, and everything in between.
How do I get more information on trading options and/or credit spreads?
For more information on trading options or credit spreads, check out these three perks we’ve created specifically for you.
- Marc’s Options Master Class
- “Beat Volatility With the Friday Payout Trade“
- How to Place the 5-Minute Friday Trade
Do I need approval from my broker to make these trades?
Yes, you’ll need what’s called Level 3 approval in order to make the credit spread trades Marc recommends in Weekly Income Alert. (Note: Charles Schwab starts its options trading account levels at zero, so you’ll need Level 2 approval if you’re using Schwab.)
The process to get approval is simple. You’ll fill out a form on your broker’s website, and when you do, make sure you indicate that you have some experience. (Even paper trading counts.)
You’ll also want to select speculation or growth as part of your investment objectives.
Although credit spreads are a conservative income strategy, to get Level 3 approval, the broker will want to know that you’re comfortable taking on some risk, so be sure to choose moderate to high risk tolerance. We won’t be making high-risk trades, but your broker wants to know you can handle it if you choose to do so.
You may also have to disclose income or liquid net worth (you usually won’t have to provide any proof).
If you are asked why you want Level 3 approval, explain that it’s so you can trade credit spreads.
Follow these steps, and you should be approved very quickly.
Why do we trade the Russell 2000? Why do we trade options that expire in three weeks? Why do we trade a 10-point spread between the options?
We chose these specifications because that’s what our rigorous, multiyear backtest indicated gave us the best chance to make the most money possible at the highest win rate possible.
That being said, we are always looking for ways to continue improving our services. If we uncover new data that indicates that a different approach would be even more profitable, we will certainly consider integrating it into Weekly Income Alert.
When do these trades officially expire? Are we trading the AM or PM expiration?
Our regular weekly options always expire at the market close on the expiration date.
On the third Friday of the month, there are two types of options − monthly, which have an AM expiration, and weekly, which have a PM expiration. (These weekly options are the same as the other weekly options during the month.)
The monthly options expire at the opening price on Friday. The last chance to trade these options is Thursday afternoon.
There are some differences in price between the AM and PM expirations, and we have traded both in Weekly Income Alert. Each month, Marc will examine which expiration offers us the better opportunity and will make it clear which one he is recommending.
Is it possible for any of these options to be exercised early?
No. All Russell 2000 options are “European-style,” which means they can only be exercised on the expiration date.
Is there a chance that I’ll be obligated to buy shares?
No. The Russell 2000 is an index, not a stock or ETF, so its options are cash-settled. That means that in the event a trade goes against us, the necessary cash will simply be deducted from your account. You will never be required to buy shares.
Should my order type say “debit” or “credit”?
In Weekly Income Alert, we make credit spread trades. We do NOT make debit spread trades. This means we are not paying to open the trade; we are being paid to make the trade.
Another way to ensure you’re placing a credit spread rather than a debit spread is to check that you’re buying the cheaper option and selling the more expensive option. This will ALWAYS be the case for a credit spread.
My order type says “walk limit.” Is that okay?
A walk limit allows you to try to get a better price than Marc’s recommended limit price. The walk limit order will cancel your order if it is not filled in a certain amount of time, and it will continue to resubmit the order at a lower limit price. (You decide the amount of time between orders and the increments between your limit prices.)
As long as the “end price” is the limit price, it’s fine to use a walk limit for Weekly Income Alert trades.
For example, if Marc’s limit price is $2.50, you could set a walk limit with a start price of $2.60, an end price of $2.50, a price increment of $0.02, and a time of 10 seconds.
This means your initial order would be placed at $2.60. If it is not filled within 10 seconds, the limit would automatically change to $2.58. After 10 more seconds, if the order was still not filled, the limit would change again to $2.56, and so on until it reaches $2.50.
I don’t see the recommended expiration date. What should I do?
You’re likely looking at the incorrect ticker. Most of our trades will be on weekly options, which you can find under the ticker $RUT, $RUTW, RUT, or RUTW, depending on your broker. However, on the trades that expire on the third Friday of the month, there are both weekly options and monthly options. If we trade the monthly options, they are found under the ticker $RUT or RUT, depending on your broker.
During each weekly session, Marc will be streaming live as he places the trade in his own account, and he will clarify which tickers to try if you’re having any trouble. If you have any questions about the ticker symbol that your broker uses, contact your broker for clarification.
How long should it take for my order to be filled?
If you don’t get filled right away, don’t worry. Sometimes it takes a few minutes or even a few hours. But we don’t want these orders carrying over to the following day, so Marc recommends placing these orders as “good for the day.”
Do I want to get filled above or below the limit price?
Since we are being paid to open these trades, you want to be paid at least our limit price. If you can get more, that’s even better. (This is the opposite of most of our services at The Oxford Club, in which you want to pay no more than our limit price.)
However, if Marc recommends closing a trade before expiration, you will be paying to close the trade. In that case, you will want to pay no more than the limit price.
Why can’t I see or hear anything during the livestream session?
If the livestream session has begun and you are unable to see or hear the host, try refreshing your browser. If that doesn’t work, try the additional steps found on this page. If you finish that checklist and you’re still experiencing issues, please click the “Mods” tab in the chat room to start a private conversation with a moderator. That will help keep our main chat focused on Marc’s newest recommendation.
How do I access the recording of a past session?
All sessions are recorded and can be found here.
I missed a session or came in late. How do I find the trade details?
Trade details will always be available in the Trades tab at the top of the chat window, and Marc sends the details of each trade via email. (We highly recommend that you also sign up for text alerts, which you can do here.) The full recording of each session will be uploaded an hour or two after the session concludes. You can access them by clicking the “Recordings” button below the video screen or by clicking here.
When is the next Weekly Income Alert trading session?
Marc will go live in the Weekly Income Alert trading room every Friday at 10 a.m. ET to issue that week’s new recommendation. If we ever need to cancel a session, we will be sure to notify you in advance.
Why is the chat feature not working?
The chat room will be open only during our scheduled sessions. We will open the chat a few minutes before a session begins and will close it a few minutes after the session ends.
Why does the video display say that “the stream is offline”?
The video will display only when Marc is actively streaming. If the screen still says “offline” when a session is live – and there are no reported problems in the Weekly Income Alert chat – please refresh your browser. If you’re still not seeing a video, go into the “Mods” tab and message a moderator for assistance.
What internet browser should I use?
For best results, we recommend using Chrome.
How do I turn on closed captions?
Each browser is slightly different, but you can generally find the option to turn on captions in the accessibility menu, which can be found in your browser settings.
Who can I reach out to if I have a question that isn’t listed here?
If you have any follow-up questions about the service itself or about the livestream page, you can always reach out to us here.