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Options Trading: How to Turn Every Friday into Payday Using Weekly Options! Generate Weekly Income in ALL Markets and Sleep Worry-Free!
The odds are 75% in your favor that you will profit from an options trade. And it’s even less risky – and potentially more lucrative – for the smaller investor if you trade weekly.
Do you want to have extra weekly spending cash to cover your day-to-day living expenses?
Would you like to earn passive income while you sleep?
Does the idea of a few minutes every other day adding up to consistent monetary returns sound good?
Options trading is so well regulated and organized these days that it takes a lot of the risk out of the process, even if you are a total newbie to investing in any form.
And although it seems complicated at first glance, the logic behind it is actually simple, once you get the hang of it.
With proven strategies and clear explanations around how each level and element of how options trading works, you can take your trading know-how as far as you want with this practical guide.
As your skills grow, you can keep coming back to it to level up or add more interest value to your trades.
In this insightful and easy-to-follow book, you will Your roadmap to trading success through weekly options trading – don’t worry, it’s not nearly as risky, and potentially way more profitable, than you realizeThe fundamentals of options – how they work, their long history, and how you can make serious money from themHow you can reduce your risk level (and your anxiety!) with these wise moves designed to protect your portfolioHow to rev your mindset and explode any unhelpful root beliefs holding you back from money successA gradient approach to trading strategies – from a few basics to the author’s own highly effective KaChing FormulaHow to ensure you don’t panic and make the right moves when things don’t go according to planWhy you should avoid this widely-owned stock when trading options – plus other kinds of stocks to steer clear ofThe key tool that the best and most successful traders always have in hand, and how you too can create one, with lots of examples to guide you
And much more.
The trading world can look complicated and overwhelming from the outside, but weekly options are an easy, no-fuss way to start making money and grow your trading know-how.
Even if you are not that great with numbers or complex strategies, the easy-to-follow methods and explanations in this book will help guide you in the right direction.
Start trading like a Scroll up and click the “Add to Cart” button right now.
Do you want to have extra weekly spending cash to cover your day-to-day living expenses?
Would you like to earn passive income while you sleep?
Does the idea of a few minutes every other day adding up to consistent monetary returns sound good?
Options trading is so well regulated and organized these days that it takes a lot of the risk out of the process, even if you are a total newbie to investing in any form.
And although it seems complicated at first glance, the logic behind it is actually simple, once you get the hang of it.
With proven strategies and clear explanations around how each level and element of how options trading works, you can take your trading know-how as far as you want with this practical guide.
As your skills grow, you can keep coming back to it to level up or add more interest value to your trades.
In this insightful and easy-to-follow book, you will Your roadmap to trading success through weekly options trading – don’t worry, it’s not nearly as risky, and potentially way more profitable, than you realizeThe fundamentals of options – how they work, their long history, and how you can make serious money from themHow you can reduce your risk level (and your anxiety!) with these wise moves designed to protect your portfolioHow to rev your mindset and explode any unhelpful root beliefs holding you back from money successA gradient approach to trading strategies – from a few basics to the author’s own highly effective KaChing FormulaHow to ensure you don’t panic and make the right moves when things don’t go according to planWhy you should avoid this widely-owned stock when trading options – plus other kinds of stocks to steer clear ofThe key tool that the best and most successful traders always have in hand, and how you too can create one, with lots of examples to guide you
And much more.
The trading world can look complicated and overwhelming from the outside, but weekly options are an easy, no-fuss way to start making money and grow your trading know-how.
Even if you are not that great with numbers or complex strategies, the easy-to-follow methods and explanations in this book will help guide you in the right direction.
Start trading like a Scroll up and click the “Add to Cart” button right now.
186 pages, Kindle Edition
Published August 4, 2023
1280 people are currently reading
211 people want to read
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Displaying 1 - 30 of 32 reviews
May 28, 2025
Step 1 - buy a long-dated put option that expires approximately 120 days and past the next earnings announcement. This is our sleep-at-night insurance.
Step 2 - sell a short-dated put that expires the following week.
Step 3 - manage and repeat
Example:
SCHW is trading at $74
-buy a $70 put expiring in 120 day and pay $4.20
-sell next week's at the money $74 put and collect $1.28
--if you do that for 16 weeks (120 days) you would collect $2,048
--if the underlying drops in price, you would buy back your weekly (at a loss) and sell back your long-dated put for a profit which will cancel out all/most of the loss
Step 2 - sell a short-dated put that expires the following week.
Step 3 - manage and repeat
Example:
SCHW is trading at $74
-buy a $70 put expiring in 120 day and pay $4.20
-sell next week's at the money $74 put and collect $1.28
--if you do that for 16 weeks (120 days) you would collect $2,048
--if the underlying drops in price, you would buy back your weekly (at a loss) and sell back your long-dated put for a profit which will cancel out all/most of the loss
March 30, 2025
needs more details on executing the strategy
Too much fluff and pseudo psychology, not enough specific details to execute the strategy presented. That said, pretty good primer on options trading when combined with other resources.
Too much fluff and pseudo psychology, not enough specific details to execute the strategy presented. That said, pretty good primer on options trading when combined with other resources.
December 10, 2025
only skimmed. Even that's more cuz reading 1st comment only itself would be more than enough 😓. Didn't understand properly why he's doing this strategy. Not explained easily even though it seems very basic .
THE WEEKLY CASH KACHING FORMULA: (don't even know what's this kaching is🤷)
Step 1: We select a stock we want to trade
* It must be trading at $20 or higher. Under $20 stocks do not get any love from the big funds, so many times, the premiums are very low.
* Avoid stocks over $400—this is personal
* Avoid apple . Apple is a great stock to own but a lousy stock to trade
* Avoid Chinese stocks (this is personal for me)
* ETFs, for the most part, do not have enough premium;
It must show an up or sideways, consolidation pattern, meaning it is digesting and coiling for the next move. Look over a 3-month period since these are really 3-month trades.
Step 2: We buy a long-dated put option that expires in approximately 120 days and past the next earnings announcement. This is our sleep-atnight insurance
* The average delta in most of my long protective puts is 25%.
* In “risk-on” times, and with a stock that continues to hold its own, I increase the delta to 35–40%
* If any long put delta goes under 25%, I cash it out and buy another with the 25% delta
(The lower the delta, the higher the probability the option will expire worthless. Of course, less risk means less premium.)
Step 3: We sell a short-dated put that expires the following week. That premium is instantly credited to your account
Technically, you collect the most premium at or near the money
Many more conservative investors sell more out of the money. And that, of course, is fine. The trade-off is a premium
For me, if the trend is moving along and up, the reduced risk does not offer that much more protection and is not worth losing 30–55% in premium.
THE WEEKLY CASH KACHING FORMULA: (don't even know what's this kaching is🤷)
Step 1: We select a stock we want to trade
* It must be trading at $20 or higher. Under $20 stocks do not get any love from the big funds, so many times, the premiums are very low.
* Avoid stocks over $400—this is personal
* Avoid apple . Apple is a great stock to own but a lousy stock to trade
* Avoid Chinese stocks (this is personal for me)
* ETFs, for the most part, do not have enough premium;
It must show an up or sideways, consolidation pattern, meaning it is digesting and coiling for the next move. Look over a 3-month period since these are really 3-month trades.
Step 2: We buy a long-dated put option that expires in approximately 120 days and past the next earnings announcement. This is our sleep-atnight insurance
* The average delta in most of my long protective puts is 25%.
* In “risk-on” times, and with a stock that continues to hold its own, I increase the delta to 35–40%
* If any long put delta goes under 25%, I cash it out and buy another with the 25% delta
(The lower the delta, the higher the probability the option will expire worthless. Of course, less risk means less premium.)
Step 3: We sell a short-dated put that expires the following week. That premium is instantly credited to your account
Technically, you collect the most premium at or near the money
Many more conservative investors sell more out of the money. And that, of course, is fine. The trade-off is a premium
For me, if the trend is moving along and up, the reduced risk does not offer that much more protection and is not worth losing 30–55% in premium.
October 2, 2023
I downloaded Options Trading by T.R. Lawrence to learn about investing using options. The typical stock strategy books I have read are pretty arrogant. This book takes a much friendlier approach and begins with understanding your motivations and biases. It then gets into options background, definition, and uses. Then, a deep dive into a weekly option. This means an option contract that lasts for a week.
The meat of the book is the weekly option strategies in chapter six. Lawrence explains how to select a stock and what option to purchase. He provides an excellent example for Charles Schwab (SCHW). My most important takeaway of the example was understanding insurance. Before this book, I had a completely different idea of how options insurance worked.
I got a lot out of this book and recommend it to beginners who wish to understand this lucrative investment opportunity.
The meat of the book is the weekly option strategies in chapter six. Lawrence explains how to select a stock and what option to purchase. He provides an excellent example for Charles Schwab (SCHW). My most important takeaway of the example was understanding insurance. Before this book, I had a completely different idea of how options insurance worked.
I got a lot out of this book and recommend it to beginners who wish to understand this lucrative investment opportunity.
November 30, 2023
A sound strategy to generate weekly income and reduce risk using options
As important, if not more so, than making money trading stock options is developing a calm and mindful approach which takes a lot of the emotion out of trading. The author encourages one to develop a trading plan which reduces the feelings of greed or fear that lead to losses. When in doubt stick to the plan and make more than you lose consistently using the author's vertical credit spread strategies trading weekly options. I recommend this book to traders looking for another tool in their search for profits in the stock market.
As important, if not more so, than making money trading stock options is developing a calm and mindful approach which takes a lot of the emotion out of trading. The author encourages one to develop a trading plan which reduces the feelings of greed or fear that lead to losses. When in doubt stick to the plan and make more than you lose consistently using the author's vertical credit spread strategies trading weekly options. I recommend this book to traders looking for another tool in their search for profits in the stock market.
October 18, 2024
A plan worth reading
TR's book starts with trading psychology, the most misunderstood factor in trading in any market. He then breaks down why weekly options, strategies and his formula for trading options. His book comes with a spread sheet, if you email him, and he responded quickly. This spread sheet coupled with his strategy is a winning formula for success, however it does come with a price; and that price is practice, practice and more practice... So, don't discount or write him off because you didn't understand or practice his strategy, this is not something that you will learn over night or in 10 minutes after reading his book...
TR's book starts with trading psychology, the most misunderstood factor in trading in any market. He then breaks down why weekly options, strategies and his formula for trading options. His book comes with a spread sheet, if you email him, and he responded quickly. This spread sheet coupled with his strategy is a winning formula for success, however it does come with a price; and that price is practice, practice and more practice... So, don't discount or write him off because you didn't understand or practice his strategy, this is not something that you will learn over night or in 10 minutes after reading his book...
October 4, 2023
Informative & enlightening
Because of the nature of options, many of the strategies discussed in this book need to be read, reread, studied, and mused. As such, it will be a wonderful reference to which I will return when exploring the myriad of option strategies. As a novice, there are only several of the strategies I am currently comfortable exploring, but the writer's style leaves me confident that I can come back to his teachings when I am ready to branch-out to a more advanced strategy.
Because of the nature of options, many of the strategies discussed in this book need to be read, reread, studied, and mused. As such, it will be a wonderful reference to which I will return when exploring the myriad of option strategies. As a novice, there are only several of the strategies I am currently comfortable exploring, but the writer's style leaves me confident that I can come back to his teachings when I am ready to branch-out to a more advanced strategy.
November 22, 2023
How do you relate to risk?
The author's experience in the securities industry comes through, he writes from what he did for a living! There are a few spots in the book containg securities jargon but the reader can reread for clarity. The author reflects Options trading is a risky business without being an alarmist. How much tolerance do you have for risk? Can you sleep at night with even only a few dollars out of your control? This book is not only a guide to Options trading it might just help you sleep better ! I will recommend this book.
The author's experience in the securities industry comes through, he writes from what he did for a living! There are a few spots in the book containg securities jargon but the reader can reread for clarity. The author reflects Options trading is a risky business without being an alarmist. How much tolerance do you have for risk? Can you sleep at night with even only a few dollars out of your control? This book is not only a guide to Options trading it might just help you sleep better ! I will recommend this book.
December 29, 2024
Better than expected! This book makes a great coverage of basic options trading, with focus on selling options. I particularly liked the analogy with buying one gallon of ice-cream and selling it by the scoop.
A lot of condensed information is presented; taking notes and coming back to revisit them is recommended.
Main takeaways for me were sections focused on stock selection and trading plan. Some important factors were added to my checklist.
A lot of condensed information is presented; taking notes and coming back to revisit them is recommended.
Main takeaways for me were sections focused on stock selection and trading plan. Some important factors were added to my checklist.
August 30, 2023
Teaches you to have a relationship with money!
This book is a true gem! It teaches you how to manage your money the right way and in an effective manner. I really liked how the author was very sentimental when it came to managing money and how it plays a big part with our emotions with money! I highly recommend!
This book is a true gem! It teaches you how to manage your money the right way and in an effective manner. I really liked how the author was very sentimental when it came to managing money and how it plays a big part with our emotions with money! I highly recommend!
February 16, 2024
Amazing
Im totally green and have been looking for clear information on how to get a solid foundation before I proceed. This book has done just that in simple to understand language that anyone who doesn’t have any knowledge of the market can grasp. Thanks for this book it has helped me out in the best of ways!
Im totally green and have been looking for clear information on how to get a solid foundation before I proceed. This book has done just that in simple to understand language that anyone who doesn’t have any knowledge of the market can grasp. Thanks for this book it has helped me out in the best of ways!
November 23, 2024
excellent!!!
I have used your Kaching method for over a month now!! So far, I have been lucky. Just trading a small amount 1 sell and 1 buy out options. 3 different stocks and sectors! All three have returned a profit so far and it’s only been about 5 weeks!! I’m getting very excited about increasing the number of options!!! Thank you so much for enlightening me!!!!
I have used your Kaching method for over a month now!! So far, I have been lucky. Just trading a small amount 1 sell and 1 buy out options. 3 different stocks and sectors! All three have returned a profit so far and it’s only been about 5 weeks!! I’m getting very excited about increasing the number of options!!! Thank you so much for enlightening me!!!!
January 2, 2025
Less of a general introduction to options trading and more of an outline of the options strategy implemented by the author. Nonetheless, a valuable and enjoyable read that has provided insight into the world of options trading. While I don’t anticipate employing this investment strategy, it’s valuable to learn about tactics traders employ to extract value from the stock market.
July 4, 2025
Understanding Option Strategies
Good analysis on various options strategies. However, I feel you must be in the arena, and be willing to suffer some losses in order to fully employ and understand the strategies discussed in this book. It all comes down to trial and error to become successful in trading options.
Good analysis on various options strategies. However, I feel you must be in the arena, and be willing to suffer some losses in order to fully employ and understand the strategies discussed in this book. It all comes down to trial and error to become successful in trading options.
April 7, 2024
Weekly Options
It is evident the author is experienced. I would recommend this book to someone with trading experience and basic understanding of options. Some explanations are basic while others require more explanation.
It is evident the author is experienced. I would recommend this book to someone with trading experience and basic understanding of options. Some explanations are basic while others require more explanation.
April 21, 2024
great read
I enjoyed this book and the topics covered in addition to the trading strategy. Found the sections covering behavioral biases, how people view money and advice on documenting a trading plan very helpful.
I enjoyed this book and the topics covered in addition to the trading strategy. Found the sections covering behavioral biases, how people view money and advice on documenting a trading plan very helpful.
February 28, 2025
Good Introductory Book
Good introductory book for options trading. Most of the book focuses on understanding the basics of market trading and one particular strategy. Some advanced strategies are also briefly covered along with a good template for a trading journal.
Good introductory book for options trading. Most of the book focuses on understanding the basics of market trading and one particular strategy. Some advanced strategies are also briefly covered along with a good template for a trading journal.
February 17, 2024
great resource
Great way to understand why you lose money. This book can help in bi weekly profits as well. Great stuff. Take the good with bad.
Great way to understand why you lose money. This book can help in bi weekly profits as well. Great stuff. Take the good with bad.
June 25, 2024
I'm looking forward to reading the sequel of this first book.
July 11, 2024
Great book providing an introduction to options trading! Can't wait to apply what I have learnt.
Read
October 10, 2024Very much a beginner’s book for the basics in options strategies. Nothing new if you’ve already been trading awhile. But if starting from scratch it’s good for fast learning.
February 13, 2025
Found this book to be pretty useful actually ( despite a few errors ) … Hope my professional trader friends won’t vilify me for reading this kind of gimmicky book though ……..
April 5, 2025
I’m still a student but this was a good introduction. Will read it again.
April 6, 2025
Very comprehensive strategies, loved the book and I'll apply the strategies for my own portfolio
Read
April 28, 2025Great book for option traders to build a solid foundation
July 9, 2025
A bit stream-of-conciousness in its flow... seems more like a manuscript
Neglects to properly treat the risk of diagonal put-spreads
Neglects to properly treat the risk of diagonal put-spreads
October 4, 2025
Excellent Book with cashflow example
I loved this book
I am going to follow the process and look forward to trading effectively and being profitable
I loved this book
I am going to follow the process and look forward to trading effectively and being profitable
November 30, 2025
love it
Amazing book to make extra weekly income ! I strongly recommend this book. It’s life changing book! Thank you for this amazing book.
Amazing book to make extra weekly income ! I strongly recommend this book. It’s life changing book! Thank you for this amazing book.
June 5, 2024
Excellent book with clear explanations and illustrations.
One complaint with the book publisher, not the author, is the limitation on how much of the book can be copied and pasted. I understand the reason, but my purpose is to create my "personal cheat sheet" of areas of the book that were especially important to me for my future reference. I discovered this when trying to copy more passages and got a popup telling me I had reached my limit of copying.
Nevertheless, it's a great little book filled with really good useful info.
My thanks to Mr. Lawrence, the author.
Ron Wacik
Leland, NC
One complaint with the book publisher, not the author, is the limitation on how much of the book can be copied and pasted. I understand the reason, but my purpose is to create my "personal cheat sheet" of areas of the book that were especially important to me for my future reference. I discovered this when trying to copy more passages and got a popup telling me I had reached my limit of copying.
Nevertheless, it's a great little book filled with really good useful info.
My thanks to Mr. Lawrence, the author.
Ron Wacik
Leland, NC
Displaying 1 - 30 of 32 reviews