Author/Editor
Zach Scheidt
Publisher
Agora Financial
Description
Options-selling newsletter from Zach Scheidt, offering weekly recommendations of options trades — advertised as selling put options.
Overall Rating
Rating: 3.2/5. From 20 votes.
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3.2
Rating from 90 votes
If you’ve subscribed to Income on Demand, please click the stars below to indicate your rating for this newsletter, and please share any other feedback about your experience using the comment box below.
Investment Performance
Rating from 24 votes
Rating: 3.3/5. From 24 votes.
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- 5 Stars 3 Votes
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Quality Of Writing/Analysis
Rating from 22 votes
Rating: 3.3/5. From 22 votes.
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Value For Price
Rating from 24 votes
Rating: 3.0/5. From 24 votes.
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- 5 Stars 6 Votes
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Customer Service
Rating from 20 votes
Rating: 3.2/5. From 20 votes.
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This is my experience since Feb, 2017 I have entered into 35 recommended trades where I sold (cash secured ) put options. 20 Trades have been closed profitably. Another 8 trades resulted in an option exercise where I purchased the underlying stock. I then followed directions and sold covered call options on those stock holdings. I have experienced no losses on any trades to date. The remaining 7 trades are currently open as the initial (cash secured) put options have not yet expired. Trade instructions are very clear on the potential risks and rewards associated with each trade recommendation. I am happy with the service and look forward to the next trade rec.
Can you trade options with the funds in your Roth IRA?
$NO TICKER
I have a TD Ameritrade Roth IRA and I am approved to trade options on that account.
How do you get approved?
You can as long as you have enough cash to purchase the shares outright if you get assigned (trade goes against you). But they cash will be tied up and unusable for duration of the option. You can’t sell naked call options as that has unlimited risk. But you could sell the lower strike call and buy a higher strike call to limit your risk to that delta.
how many contracts do you sell per trade ?
What did it cost to subscribe to the Income On Demand ?
I have subscribed to Zach Scheidt’s Income On Demand for about a year now, and I have had some impressive gains in my account. I look forward to getting Zach’s weekly emails about new recommendations as well as the weekly update on the recommendations he has working. The great thing about his strategy is that he is using options in a conservative way, and recommends only selling options on stocks that one would want to own due to their quality. Very impressed with Zach’s straightforward and honest presentation of the information. Agora Financial overall has been honest and straightforward as well with me. I have presently 5 subscriptions with them. The guy who started it all, Bill Bonner, has amazing insight into the present world we are living in, and I love reading his letters.
So you would recommend the service?
Have been using this service for about a year and can recommend it. No losses to date. Clear instructions and well written.
Can someone start this program with $500-$1000? If not, what is the recommended starting amount?
They say you should have at least $20K to start. Every week he sends a trade recommendation that requires $8-$10K. Obviously you can sell less option contracts than he recommends, but trading fees take a bigger bite of your profits.
Have you been able to produce the $2000 per
Month income that is “guaranteed” with this program?