Longtime readers know that options trading is my wheelhouse. I went two decades without a losing year while running my hedge fund. And my fund generated over $274,000,000 for our clients from 2004 through 2012.

Yet options can get a bad reputation because of the way many people use them.

Following the COVID-19 pandemic, lots of people turned into first-time traders. An estimated 20 million newcomers started trading between 2020 and 2022.

And they could buy and sell stocks and options with relative ease thanks to apps like Robinhood.

Yet even now that the initial hype has faded, new – often young – traders are still throwing money into the latest headline stocks and trading trends.

The bad news for them is that they often have no real idea what they’re doing. They have no discipline, trade too much money that they can’t afford to lose, and blow up their accounts.

Here’s the picture the Wall Street Journal painted in a recent article:

Lucas Sommer woke up around the time the stock market opened and, still bleary-eyed, opened his Robinhood app.

He had a hunch it would be a good day for stocks, so he scooped up some options contracts that would profit if the tech-heavy Nasdaq Composite Index rose that day.

By the time he was toweling off from a shower, though, the market had ticked down and his options had taken a big hit. “That’s a $1,000 shower,” he recalled thinking. Soon after, the options he bought for $3,000 were worth $80.

That’s a -97% loss in one morning. Many of these traders just treat trading like a new kind of gambling. And a “hunch” can lead to thousands in losses.

One estimate said this new group of traders loses over $350,000 a day. That adds up to $84 million over the course of a year.

The good news is that you don’t have to be among the millions of traders losing money by doing it all on your own.

After my nearly 40-year career, I’ve made it my goal to help traders avoid the pitfalls many of these people are running into.

Even more than a trader, I’m a “risk manager.” And I want to help you help yourself…

Because those other traders’ losses can be your gains… and my followers are the proof.

Impressive Gains

Many of my readers have been sending in incredible stories about the gains they’ve been making this year by following my recommendations.

One even said, “I am well on my way to paying off my $137,000 mortgage.”

So how are we doing it?

It’s certainly not by gambling on hunches or buying whichever “hot” stock is making headlines.

Instead, I’ve been using my decades of trading experience to help them profit. And we’reusing a specific options strategy that the news media is calling a “financial innovation” to generate these impressive returns in the market.

Because the growing interest in options is only juicing the opportunity we’ve been seeing this year using this strategy.

That’s because options are a “zero-sum game,” which essentially means one person’s loss is another person’s gain.

If other traders are losing hundreds of thousands of dollars each day then other traders are making that money.

And using this options strategy, we make sure we’re on the right side of that equation…

8-Hour Windfalls

Tomorrow, October 3, at 12 p.m. ET, I’ll be going live in a very special event. You’ll get to follow me around for a day…see me trade my own money… and learn more about the options strategy I’ve used to help my readers make so much money this year.

The most exciting part? All these trades occurred in 8 hours or less. That’s why I call them 8-hour windfalls…

And I want to show you exactly how they work – including the ticker I use – at this event. I won’t hold anything back.

So please join me at noon on Tuesday. You can automatically sign up right here.

I want to make sure all my readers know about these windfall opportunities, so please be sure to tune in.

I’ll see you there!

Regards,

Larry Benedict
Editor, Trading With Larry Benedict