If you are looking for a reliable and profitable way to trade options, you might have come across two popular services: 10% Credit Spreads and Simpler Trading Options. Both of them claim to offer expert guidance, trade alerts, and educational resources to help you succeed in the options market. But how do they compare in terms of features, pricing, and performance? In this article, we will review both services and help you decide which one is better suited for your needs and goals.

10% Credit Spreads Summary

10% Credit Spreads is a service that focuses on selling credit spreads on the SPY, TLT, DIA, and GLD. A credit spread options strategy makes money if the underlying asset stays within a certain range until expiration. 10% Credit Spreads, using their quant strategy, aims to generate consistent income by selling credit spreads that have a 90% historical win rate and will make at least a 15% return on capital. The service sends out trade alerts via email, text message and discord, as well as weekly market updates and analysis. The service also provides access to a members-only website where you can watch video masterclasses, attend weekly coaching office hours, and interact with other traders.

Simpler Trading Summary

Simpler Trading Options is a service that offers a variety of options strategies, including credit spreads, debit spreads, iron condors, butterflies, straddles, strangles, and more. The service is led by John Carter, a veteran trader and author of the best-selling book Mastering the Trade. Simpler Trading Options provides live trading rooms where you can watch John and his team of experts trade in real time, as well as daily trade alerts via email and text message. The service also gives you access to a members-only website where you can watch recorded sessions, access educational materials, and join a community of traders.

Both services have their pros and cons, depending on your trading style, risk tolerance, and budget.

Pros And Cons Of Each:

• 10% Credit Spreads is more focused and specialized than Simpler Trading Options. It only trades one strategy (credit spreads), whereas Simpler Trading trades multiple strategies on various underlying assets, including stocks, ETFs, and futures. This means that 10% Credit Spreads is easier to follow and execute than Simpler Trading Options, but it also limits your exposure to different market conditions and opportunities.
• 10% Credit Spreads is more conservative and consistent than Simpler Trading Options. It targets a 10% monthly return on capital by selling credit spreads that have a high probability of success, whereas Simpler Trading Options aims for higher returns by using more aggressive and complex strategies that involve buying options. This means that 10% Credit Spreads has lower risk and lower reward than Simpler Trading Options, but it also requires less capital and less time commitment.
• 10% Credit Spreads is more affordable than Simpler Trading Options. It charges $97 per month for its service, whereas Simpler Trading Options charges $297 per month. This means that 10% Credit Spreads has a lower breakeven point and a higher return on investment than Simpler Trading Options. Not only that, 10% Credit Spreads offers a “Make Money or Don’t Pay” guarantee which means if you don’t make money with their program, then you get a refund!

In conclusion, Ten Percent Credit Spreads and Simpler Trading Options are both reputable and effective services that can help you trade options successfully. However, they cater to different types of traders with different preferences and goals.

Thanks for reading 🙂
Austin Bouley
CEO & Chief Strategy Officer at 10% Credit Spreads