If you are looking for a reliable and profitable way to trade options, you might have come across two popular services: Ten Percent Credit Spreads and Benzinga Options. Both of them claim to offer consistent returns and expert guidance, but how do they compare? In this article, we will review the pros and cons of each service and help you decide which one is best for you.

Ten Percent Credit Spreads

10% Credit Spreads is a service run by ABTrades, LLC, that provides weekly trade alerts for vertical credit spreads. The name comes from the goal of achieving 10% return on margin per trade. The service focuses on selling out-of-the-money credit spreads on high-quality ETFs with a two to three week expiration.

Pros:

• Simple and easy to follow strategy that does not require complex analysis or indicators because they follow a quant strategy with a 94% win rate since 2007.
• Consistent performance with an average win rate of over 90% and an average annual return of over 30%.
• Low risk trades with defined maximum loss and high probability of success.
• Excellent customer service with fast and friendly responses to questions and comments.

Cons:

• Longer hold time because of the two to three week expirations.
• Limited trade flexibility with no adjustments and limited hedging options.
• High subscription fee of $97 per month with a “Make Money or Don’t Pay” guarantee.

Benzinga Options Alerts

Benzinga Options Alerts is another subscription-based service that provides daily trade alerts for options on various stocks. Unlike Ten Percent Credit Spreads, Benzinga Options does not focus on a specific strategy, but rather on finding opportunities based on technical analysis, market trends, and news events. The goal is to capitalize on short-term price movements and volatility.

Benzinga Options Alerts Pros:

• High-reward strategy that can generate large profits in a short time
• Flexible and diversified approach that can adapt to different market conditions and scenarios
• Access to real-time market data, news, analysis, and commentary from Benzinga’s team of experts
• Interactive community of traders who share ideas, feedback, and support

Benzinga Options Alerts Cons:

• High-risk strategy that requires a substantial capital and margin account
• Low probability of success as options are subject to time decay and volatility
• Inconsistent income stream as profits depend on market fluctuations and timing
• Complex and challenging trade alerts that require advanced skills and experience

Conclusion And Discount

As you can see, both services have their advantages and disadvantages, depending on your risk appetite, trading style, and goals. Ultimately, the best service for you is the one that matches your personality, preferences, and expectations.

Thanks for reading 🙂
Austin Bouley
CEO & Chief Strategy Officer