What is The 7 Day Blitz Summit? [Larry Benedict]

Larry Benedict was recently interviewed by John Burke in an event dubbed the 7 Day Blitz Summit.

The topic that dominated the discussion was the concept of “a 7 Day Blitz” – a period during which investors can make a killing if they make the right moves.

I watched the whole thing and came away with some conclusions and I would like to share them with you in this review.

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Table of Contents

What is the 7 Day Blitz Summit?

The 7 Day Blitz Summit is a presentation that was recently published by Larry Benedict. By the end of the video, he promotes a newsletter he edits called The S&P Trader.

According to Larry, “The 7 Day Blitz” is a week in March during which a lot of money changes hands. However, he says that it has nothing to do with the Earnings Season.

He says that this phenomenon is guaranteed to play out because it is enforced by an organization that is supervised by the Federal Government. As all this happens, he tells us that he uses one ticker to trade.

After watching the presentation, I realized that the organization he is talking about is the Options Clearing Corporation (the OCC), which is regulated by the federal government.

The phenomenon he is talking about is the simultaneous expiration of Stock Index Futures, Stock index options, Stock options, and Single stock futures. He says that all these derivatives expire at the same time in the third week of March and since they have to all be fulfilled by the OCC, a lot of money changes hands. This year, he expects up to $1.2 trillion to change hands.

The one ticker he trades is the S&P 500 Index (SPX). He doesn’t just buy and hold like other passive traders; he trades options on it.

How does Larry Benedict trade Options?

Larry says that he has a proprietary signaling system that lets him know whether the index is about to go up or down. It lights green when the index is about to go up and red when the index is about to fall. With the help of this signaling system, he makes his options trades.

When it comes to trading, Larry uses an options strategy called the vertical spread. The vertical spread is a trading strategy that is best-known for minimizing risk.

If you employ this strategy, you buy and sell options contract of the same kind (call or put) that expire at the same time but with different strike prices. If you buy a put, you have to sell another put with the same expiration date but a different strike price.

A bullish spread increases in value as the underlying asset goes up and a bearish one increases as the asset depreciates.

If you want to trade like Larry and receive his recommendations, you have to sign up for his newsletter, The S&P Trader.

Who is Larry Benedict?

Larry Benedict is the founder of a boutique investment research firm called The Opportunistic Trader (other boutique research firms I have encountered include Empire Financial Research and Monument Traders Alliance). He edits both of the newsletters that it publishes, namely The Opportunistic Trader and The S&P Trader.

Larry used to be a hedge fund manager before he began writing newsletters and has been in the world of investment for 35 years. His journey began at the Chicago Board Options Exchange where he was a market maker.

He claims that when he was running hedge funds between 1990 and 2010, he never had a year where he made losses. During the Global Financial Crisis in 2008, he claims that his fund had its best year, making $95 million.

How does The S&P Trader work?

The S&P Trader is one of two newsletters published by Larry Benedict at his firm. He says that he employs a more advanced strategy with it than with the other newsletter. As we’ve already established, he uses a vertical spread options strategy.

When you join The S&P Trader, you should expect to receive:

One trade recommendation every week. Larry shows you how to place your trades and gives you regular updates regarding the market in case something consequential comes up.
An optional push notification service for when you want to be informed as soon as Larry sends out an email.
The 7-Day Blitz Starting Guide. Larry shows you how his investment strategy works.
How to Retire with One Ticker. It is a seven-part video series where you learn how Larry places his trades.
A special report called Vertical Spread Trading: The Safest $1,000 a Week You’ll Ever Make
Access to US-based customer care

Subscription Fee

A one-year subscription costs $2,000 but you get a free year so it adds up to two years.

Refund Policy

Larry does not give cash refunds. However, you can cancel your membership within 90 days for credit that you can spend on any other product offered by the publisher or its corporate affiliates.

Is The 7 Day Blitz Summit legit?

The 7 Day Blitz Summit is a legit presentation. Larry Benedict is an experienced trader with decades of experience as a trader. Although that doesn’t guarantee that he is offering credible advice, it indicates that he is as close to credible as one can get. The presentation is legit because Larry gets to share his perspective. However, that doesn’t mean that it is a great strategy that is guaranteed to work because no strategy ever is.

My Final Word on the 7 Day Blitz Summit

During the 7 Day Blitz Summit, Larry got to promote his newsletter, The S&P Trader. As the name suggests, it has to do with the S&P 500 Index (SPX), on which he trades index options. He uses the vertical spread strategy to minimize risk. Note that although this strategy limits risk, it also diminishes the possible returns you can earn off of each trade.

Although the crux of the presentation was to discuss a week-long phenomenon that can create the opportunity to earn profits, Larry didn’t explicitly tell us how he will be trading the rest of the time (safe to say he will be trading options).

Although Larry sounds confident with his method, do not invest more money than you are comfortable losing (assuming you decide to join his advisory service).

Don’t leave yet…

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