No, I'm not George Fontanills, Larry McMillan, Bernie Shaeffer or any other options guru that you might have heard of or might be familiar with. Also, I do not have a million dollar options trading account (not yet anyway). What I DO have, however, is the ability to pick potential winning, easy to understand, no-nonsense index options on the S&P 500, also known as the SPX.




I was a stockbroker for a few years, but I was "broker" than my clients. Truth be told, I spent more time as a technician of the markets than I did phone time as a stockbroker. What I did enjoy most about the markets, however, were options because they are the most misunderstood segments in the financial word.

Early on, I made all the classic, stupid beginner option trading mistakes:

• bought options that were WAY OUT of the money (lost alot of money that way)
• bought options that I heard about on MSNBC (not a good idea)
• took advice from other brokers (bad thing to do)
• took advice from other option traders (worse thing to do)
• took advice from my father-in-law (the worst thing to do)  

And yes, I spent a load of money on books, CD's, courses, and tapes about trading, stocks, options, futures. I could have funded a trading account with the amount of money I spent on those materials.

Well, with all that new found wealth of trading materials in hand, I set out to find a low risk strategy where I could invest my money (and not lose it all) and potentially make an extra thousand dollars or so a month.