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SteadyVIX is volatility based strategy that targets 30%-40% in annual compounded returns, while being fully hedged against black swan events. The model portfolio will be based upon $10,000 and will usually be approximately 80% invested. There are no liquidity concerns on VIX near term monthly options. The strategy is using a mix of debit spreads, credit spreads and calls in a certain ratio. The SteadyVIX Overview thread on members forums possesses a wealth of information on previous trades allowing new subscribers to get up to speed very quickly. It is recommended that this strategy be traded with a low cost broker like Tradier. February 2024 offer from Tradier: Steady Options customers receive a special Index Option pricing of only $.10 per contract when you sign up for the Tradier Pro plan.** Customers must be subscribed to Steady Options in order to take part in this promotion. Limited to one account per household. *Single Listed Index Options are subject to a $0.10/contract commission in addition to any other charges for exchange, OCC, and regulatory fees. See Fee Schedule for more details. Tradier Brokerage Inc. charges for exchange, OCC, and regulatory fees. Other fees and applicable minimums may apply see Fee Schedule for more details. The bottom line is that Single Listed Index Options (VIX etc) will have a special pricing of around 0.50-0.55 per contract all in. Service highlights: Model portfolio: $10,000 Underlying: VIX options Average holding period: 3-5 weeks Tailored for short to medium term traders Profit targets: 30-40% per year 2-3 trades per month, plus adjustments Less than ~1%/month commission impact (unless trading with Tradier) Fully scalable June 30, 2024 update Scott Batchelar (who was the original strategy manager of SteadyVol and introduced the strategy to our members in November 2022) has left our company to pursue other opportunities. Mr. Batchelar is no longer managing any of our services. He is not involved in any of our activities in any capacity. We are not associated in any way with any of Mr. Batchelar's businesses and cannot comment, advise or endorse any of them. The strategy has new managers as of June 30, 2024. To avoid confusion, SteadyVol has been renamed to SteadyVIX. For the record, the original strategy description has been written by Scott Batchelar.

@zxcv64 excellent advice, couldn't say it better! As for "generate enough income" goal - I recommend reading Debunking the "Trading Options forIncome" Myth Trading's goal is NOT generate income, despite what some "gurus" will claim. There is no such thing as income from trading. If you want steady and stable income, buy dividend stocks.