How I Turn Every Friday Into A $300 Payday | Options Trading

10% Credit Spreads
3 min readDec 1, 2023

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Want a proven and consistent options trading strategy? In today’s article, I’m excited to share a strategy that has consistently turned my Fridays into a $300 payday, and I’m going to walk you through the entire process. Whether you’re a seasoned trader or just starting your journey, this strategy can be a game-changer for your weekly profits.

The $300 Payday Options Trading Strategy

The cornerstone of this approach lies in utilizing credit spreads. But what are credit spreads, and how do they work? In simple terms, credit spreads involve betting that a stock will stay above a certain level. Unlike traditional stock trading where you need the stock to move in your favor, with credit spreads, you only need it to stay above your chosen level. This is a powerful advantage for traders.

Now, let’s talk about trend following. Recognizing the trend direction is crucial. I use a moving average on the chart to determine if the market is trending up. When the stock is above the moving average, and it’s moving higher, that’s my cue to enter the trade. It’s all about riding the waves of the market trend.

The Three Key Numbers: — 9, 1.5, and 200

Now, let’s delve into the three crucial numbers that drive this strategy: 9, 1.5, and 200.

  • 9 Days Until Expiration: This is the timeframe for the options trade. I pick options that expire in nine days. Placing trades mid-week allows them to expire on the upcoming Friday.
  • 1.5% Below the Current Price: I look for a level 1.5% below the current price to set up the trade. This becomes my safety net. If the stock stays above this level, I make money.
  • 200% Stop Loss: To manage risk, I set a stop loss at 200% of the initial trade value. If the trade reaches a 200% loss, I exit. This maintains a one-to-one risk-to-reward ratio, a key element of risk management.

Real Options Trading Example

Let’s walk through a real trade example to see how the strategy is executed.

  1. Identify Trend: Confirm that the market is trending up, using the moving average.
  2. Select Expiration and Level: Choose options with 9 days until expiration. Select a level 1.5% below the current price. For example, if the stock is at $432, the level is set at $431.
  3. Enter the Trade: Using a trading platform, set up a put credit spread with the chosen expiration and level. Aim to collect around 20–25 cents for the trade.
  4. Manage Risk: Set a stop loss at 200% of the initial trade value, ensuring a balanced risk-to-reward ratio.

This approach allows for a consistent $300 payday every Friday, provided the trades are managed effectively.

In conclusion, turning every Friday into a $300 payday is achievable with the right options trading strategy. By combining credit spreads, trend following, and the key numbers 9, 1.5, and 200, you can create a systematic approach to your trades.

If you want to trade credit spreads profitably with a 86%+ win rate and consistently generate monthly income, then join the 10% Credit Spreads program!

Thanks for reading 🙂
Austin Bouley
CEO & Chief Strategy Officer

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10% Credit Spreads

I help people who work-full time or have a family make 10% a month using credit spreads! If you don't make money with my alerts and strategies, I refund you :)