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Also, will this strategy ever be offered as part of a managed fund, similar to SteadyVol?

Thank you for the details. Sounds like a nice low maintenance strategy. Based on your research of the strategy, what are expected drawdowns we should be prepared for?

Does the strategy require quick order entry to get similar fill prices? What are the drawdown risks / expectations / worst case scenario to expect?

Thank you for this detailed reply. The SO members have been so helpful. As stated, there is no simple, more hands off type of strategy.

Thank you for the replies! My struggle is that I do not have the ability to monitor trades / check limit orders, etc during the day, so I feel like I am at a great disadvantage even though SO has provided a great track record over time. Also, SO is meant to take all trades, which exasperates my issue of time. There likely is no way around this in order to achieve the great results that SO has provided. I like the idea of the trades that are not as dependent on entry and exit prices as that would allow me to potentially work this into my lifestyle...but again, this is not the intention of the SO service.

Outstanding reply and help!

If looking for an income stream I have been looking into using indexes one is already holding (SPY/QQQ). M most of the research that I have come across has been on weekly covered calls in the .2-.3 Delta range. Interested in general thoughts/findings on a strategy like this? I know there are ETFs that do similar things too.

@Ringandpinion @zxcv64 @Kim @ChrisE absolutely outstanding replies and insight. Thank you for taking the time to shed some light. With the QQQ/SPY trades being "scalable" do you mean it is scalable to increased contracts due to large liquidity, or scalable in terms of upping to say SPX?

I posted this in the newbie forum too, so apologize for the double post. I am a current SteadyOptions subscriber and would really appreciate some insight.. I may be in a tad different situation than some members, but perhaps some could shed some light... Right now, I am 32 years old with the goal of being financially independent in 15 years or less. I currently have most of my investments in very low cost index funds. My goal with this service would be to "push the envelope" seeking higher returns with a basket of my investment capital that I would then funnel the returns back into my long-term buy and hold type investments. The rub is, I personally do not have the ability to go in super depth with the strategies and learning them being I own my own business and have two young kids, etc. So, I actually would be looking at utilizing steady options as the dreaded "alert service" as Kim has pointed out as not being the best way to utilize the service :) I have looked into a great deal of the SteadyOptions content, and I feel strongly that special things are going on...again, the problem being that I want to be part of that success, but literally need to follow along i.e. piggy-backjng the trades that are released and not attempting to go it on my own. So, I would really appreciate brutal honesty on a few of my questions: 1) Can I be profitable by jumping on and piggy-backing on the official trades? I understand that my returns would very likely be less... I usually can get the trades placed within an hour of release. 2) Perhaps, certain strategies would be better to utilize if I needed to go this route? I am thinking the weekly SPY/QQQ trades may be possible to get similar fills? 3) I know I am not utilizing the service to its full potential by just following along with the posted trades, but with my time constraints along with the goal of utilizing returns to funnel right back into my long-term investments, is this just too much "pie in the sky" thinking on my part? Again, I know this service is special, and would really appreciate opinions on if what I laid out above could work, or if that doesn't sound like a strong possibility of success. Thank you!!