They aren’t home runs but it builds a nest egg

Editor’s Note: Ryan here, I want to introduce my colleague Jim Baron. Now, Jim and I have slightly different trading styles and opinions at times. However, I think what he’s doing here is interesting and worth your time to watch.


Dear SmartTrader,

Jim Baron here.

I want to share with you an email I just received from an Xtra Dividends member.


I learned about this trade of selling the $12 put on SNAP expiring Sept 20 from following the XTRA Dividends portfolio. The folio sold the aforementioned put for $0.40, my order was filed on July 16th. As the expiration date approached the stock was below the put strike so I rolled to the Oct 25th put expiration on Sept 16th.

Then as expiration approached this time the stock was still below the $12 strike so on Oct 16th I rolled forward again to the Nov 1st expiration. I'm happy to say that on Oct 30 (today) the stock had a great day, probably on earnings news, and I closed the trade by buying back the put for $0.15.

I sold four contracts originally and took in $160. On the first roll (9/16) I collected $108 and on the second I brought in $212. With the exit I gave back $60. leaving me with a net profit on the three entries of $420. To me, that's remarkable to win $420 over about 3.5 months on a 4,800 investment (the margin).

Respectfully submitted,
Ron S. (Arizona)

Subscriber since Sept 2023

P.S. Since my first trade on Sep t2, 2023 I have followed (executed in my account) approximately 127 XTRA trades. During that time through today I have had two losing trades and I currently have 16 open trades. My first trade was a loser (what a way to start) of $47 and the other loser was 8/1/24 of $16. My platform is Tradestation, I'm retired and 79 years old


This is not a get rich quick scheme, we make a consistent profit, with very little risk and it requires less than an hour a week.

Best part, it’s simple. We can be profitable if the stock we have a position in goes up, stays the same or even goes down.

Watch This Video to find out why Ryan Jones said, “60 winners without a loss, beat my record. I would not hesitate to take these trades. The odds are definitely in your favor.”

You don’t want to miss this opportunity to join my XTRA Dividends program.

JOIN NOW

I hope to see you there,

Jim Baron
XTRA Dividends Developer

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