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shulman gives a good analysis of his recommendations and explains clearly the why and how. Available for guidance with emails I do not think anyone comes close to his service
I have been a subscriber to Michael Shulman’s Options Income Blueprint for about 4 years. I keep renewing as I make more money than the cost of his subscription which for me has been $697/year. He gives mostly selling put recommendations, sometimes selling covered calls. He is one of the good guys – so if you are looking for one who explains things in a simple way, check his service out. I have been using his techniques now also on some of my own picks and it has worked out fine for me. (I am a strong believer in gold and silver – so I have been selling puts on WPM and RGLD for a number of years now.) Best wishes to all
He is offering his $7.95 special on Weekly Paycheck – thinking about joining!
As mentioned before I have been a subscriber to Options Income Blueprint for a number of years – I now have a lifetime subscription. I have been a subscriber to Michael Shulman’s Income Masters program for almost a year – wow – he is really good. And this includes his Income Madness sessions which used to be 4x /year and is now 8x/year. Michael is the real deal. I strongly suggest you start off slow with his Options Income Blueprint subscription and learn how he operates and build up your portfolio. When you are comfortable, then consider paying for one Income Madness and then if you like what you see ( you will), then consider joining his Income Masters (IM) program. He is about selling puts and some covered calls. Also spreads in his IM program. I give his programs 5 stars.
Considering Michael Shulman’s program. People who commented seem pleased with him beyond those who gave him 3.9 stars. Is he inconsistent in some ways?
He is not inconsistent. Sometimes his timing is off, but he uses rolling in an attempt to get back to even for those few times that the market goes against us. I do most of his recommendations and I also use his techniques for some stocks that I like (mostly gold and silver stocks) that he does not recommend.
I like trading options but have been burned by newsletters like Ten Stock Trader. I saw a recommendation to Michael Shulman’s Options Income Blueprint and signed up for a trial. I have been using it for over a month and so far so good. His recommendations are selling naked calls or puts about a week out. When the market moves against the recommendation and subscriber is assigned shares, he switches to covered calls to help make up money to be break even.
I’m not a fan of the covered calls approach because it ties up a lot of money for a long time trying to break even. Making sure each trade is about the same gross dollar amount is key to the success. But overall I am happy and will move to an annual subscription once my trial runs out.
Trader Guy, I think you misspoke. Michael’s services DO NOT recommend selling naked calls, only covered calls, but mostly naked puts for short time frames. Covered calls are usually recommended if/when we are assigned a stock.
I’ve been a subscriber to Michael Shulman’s Masters Trading Program since 2020. I am now a lifetime member. 2022 has been a difficult year for most of us and this service is not immune to market sell offs. Micheal is nimble and can construct his trades based on current economic factors vis a vie hedging tactics. I don’t agree with all of his stocks in our “bullpen”, but by and large his Fundamental Analysis is sound. Excellent training materials to learn his strategies and great back office support through Traders Reserve. They are the real deal…
I’ve been a member for maybe six months? This is like printing money. Maybe I’m just lucky with the timing but I am making about $500/week with this service. You sell puts. With Income Masters and his other program, Options Income Blueprint, you sell puts on Tuesday. They generally expire that week or the following week. In a good week the holding time is two days. Very few have been rolled over. This has also given me the confidence to sell puts in stocks he doesn’t recommend (that are outside of his service). I highly recommend.
I am new to options trading. Selling puts / calls require lot of initial balance. For eg if i am selling calls/puts for a stock which is $200 or greater will at least require me to have 20K or more due to multiple calls correct?
Trader Guy, I think you misspoke. Michael’s services DO NOT recommend selling naked calls, only covered calls, but mostly naked puts for short time frames. Covered calls are usually recommended if/when we are assigned a stock.
sshaho1, Yes you need to have enough cash/margin in your account in case you get assigned shares. So if you are assigned a $200 stock and you had 1 contract, then you are on the hook for 100 shares x $200=$20,000.
Therefore, I suggest you start off small and only follow Michael’s recommendations for stocks selling for say under $50/share. His Options Income Blueprint (OIB) service does not recommend higher priced stocks. His Income Masters service is for people who have at least a portfolio valued at $100,000.
Hope this helps.
sshaho1, Yes you need to have enough cash/margin in your account in case you get assigned shares. So if you are assigned a $200 stock and you had 1 contract, then you are on the hook for 100 shares x $200=$20,000.
Therefore, I suggest you start off small and only follow Michael’s recommendations for stocks selling for say under $50/share. His Options Income Blueprint (OIB) service does not recommend higher priced stocks. His Income Masters service is for people who have at least a portfolio valued at $100,000.
I was a customer of Michael Shulman for about 2 years, no problem with him, BUT now Michael is retired and now new people have taken over the service. They started with a two month trial at 297 USD for two months of service and 297 USD every month after. I subscribed to the two month trial, cancel at any time up to 3 days before your end date of service.
I cancelled 11 days prior to my end date , but have been charged another month regardless.
So clearly you cannot cancel.!!. They continue to charge you .
I send them an e-mail explaining that I am not claiming a refund for the two month trial, but for the extra month charged after cancelling. So people BEWARE once they have your C.C
Number they do what they want with it.
The service is good but I have lost trust in these people.
Shulman ís now retired. The remaining folks are ok. I bought a lifetime membership when Michael was running his serviced and I still have access. I prefer plain vanilla put selling, Covered call writing and vertical credit spreads. They now get more esoteric with Iron Condors, Jade Lizards and Theta decay weekend trading programs, which I am less interested in. Be interested to hear how other members have been doing since Michael’s retirement.. I still trade some with Options Income Weekly and Options Masters.