Opportunities can surface at anytime and when they do, Level 1 will jump into action. This service is not scheduled, so the reports might be spread out over time or one on top of the other - it all depends on the conditions. We'll fish when they're biting.

Three times a month, Level 1 will tell you when to buy a put or a call. The instant the report is posted, an e-mail alert will be sent to you. Use the link, log in and see what we've come up with. Detailed instructions will tell you exactly when to get in and out. If anything changes, we'll post an update and send an alert. Just remember - COME BACK TO THE WEBSITE. We do not e-mail trade information.

The Level 1 report picks up where the Daily and Weekly reports end. The searches have been run, the stocks have been identified, the technical and fundamental analysis has been conducted and an opinion has been formed. Level 1 will take the direction, magnitude, duration, and confidence variables as "given" and it will incorporate them into the option strategy. A brief description will tell you why that particular strategy was selected.

After the initial report has been posted, the position is tracked in the Update page along with all of the other open positions. As needed, new comments will be posted to this page and an e-mail alert will be sent. In the Update page you can access charts or bring up the original report. It is possible that five or six open positions can exist at the same time so it is important for you to allocate your funds properly.

Level 1 happens to designate the required option approval you will need to trade this service. Your broker will allow you to purchase puts and calls and your risk is limited to the amount of your investment. These strategies tend to yield the highest risks and rewards. Consequently, expect swings in your performance.

The service is based on a $30,000 account. The positions can last from two days to two months. The options will run the gamut from front month out-of-the-money calls with two days left until expiration, to in-the-money puts with three months left until expiration. Being long premium doesn't mean we can't be creative and there might be a rare straddle or strangle.

We will track performance. Based on the above model, we will calculate the number of contracts and subtract $10 for commission charges on each side of the trade. The P&L will only include closed positions.

If you are interested in the stock selection process, visit our Tutorials and past issues of the Daily and Weekly Reports. This report will show you how to take that resulting opinion and structure an option trade around it.