The Monthly Income Machine - Credit Spread & Iron Condor Options Spread Trading Strategies for Supplemental or Retirement Income investing (or Trading ... Bear Call and Bull Put Vertical Spreads. Paperback – July 1, 2010

This book is by a professional and describes his system for trading credit spreads and iron condors and has only a brief background over options in the beginning. It is a set of rules and is crystal clear and to the point. I really liked that is under 100 pages and gives you only what you need to know. No BS or filler here.Don't let that fool you though, because there is a lot of detail to consider regarding these trades. Because of that, if you are new to this, it is imperative that you paper trade in a virtual account before you start. You need to be comfortable with all the rules of the system and with your broker platform of choice so you don't miss one of these details, which could make a huge difference. For example, someone else commented that they were having problems with their stop order constantly being triggered based on the options price. However, if they would have read everything, they would know that you can also place the stop order based on the underlying price, which is much less sensitive because of increased volume. I tried this in my virtual account and it worked like a charm, no premature stop triggering. He has covered everything you need to know to make watertight trades with a statistically > 80% chance of success. I would recommend reading the book at least twice, possibly more if needed.If you have a question regarding the system, Lee will respond to your emails in detail within a couple of days. In my experience his customer service has been excellent. Between the book and his personal clarifications, everything you need to succeed is here. The price is very reasonable in that regard. Especially when you take into account the money you can make on a trade. If you are looking for a means to successfully bring in extra income, this is a great place to start.

Several months ago, after much research and consideration with respect to my current investing goals and objectives, I made the decision to build my primary investment strategy going forward around income-producing Vertical Spreads.Armed with that determination, I set out to take my education to the next level. Specifically, I began an exhaustive search of the available advanced materials on the subject.This led to my recent purchase of “The Monthly Income Machine”. Barely a day after receiving the book (and with key points thoroughly highlighted in three different colors) it became very clear that my research had paid off – I had absolutely made the right choice.This is THE guidebook to learning the in’s, the outs and everything in between with respect to understanding and successfully trading Vertical Spreads and Iron Condors. It’s ALL right there … and Mr. Finberg has done a masterful job of sharing everything he’s learned in concise, intelligent fashion.Subsequently, I began to paper trade for a couple of weeks – familiarizing myself with the strategies and becoming more comfortable with the finer points. Since then, I’ve moved on to live trades … and the early results clearly substantiate my earlier conclusion that this approach to investing CAN and WILL yield substantial income on a consistent, predictable basis.In summary, “The Monthly Income Machine” is easy to read … easy to understand … and easy to implement.An important added note: When I initially finished the book, I had a couple of questions and related points that needed clarifying. I reached out to Mr. Finberg via email and he responded immediately.

I've read the Monthly Income Machine to learn the parameters Finberg is using for selling credit spreads and then combined that approach with the technical indicators I already use for market direction. After reading the book I then subscribed to his weekly/bi-weekly picks which saves me a GREAT deal of time in locating trades that meet the requirements. The combination of my own indicators with his system and weekly picks gives me confidence in a good reward/risk ratio and I like the creativity of combing the approaches.

I liked the book. I am not professional investor and so I was skeptical about my ability to understand financial strategies. However, Mr Finberg was very thorough in his explanation. Not only did he explain the how to execute his iron condor strategy, but he also took his time to explain the "why." In other words, he explained why the iron condor is both a conservative and safe method for investing. He explained how to engage a brokerage house and his customer support was outstanding. I agree with some other reviewers when they say that Mr. Finberg's system allows the novice or average investor or trader to attain a high percentage of successful credit spreads trades month after month, with a minimum of 0.25 credit points per spread contract and in fact, it is often possible to double this minimum credit with the same margin requirement by combining a Bull Put with a Bear Call spread on the same underlying in a strategy known as an "Iron Condor". Mr. Finger monthly subscription ( for less than the cost of the "proverbial daily cup of coffee") where he provides a long and detailed list of trading opportunities using his method that are based on every Friday's closing prices on the selected underlying stocks, indexes or ETFs.I highly recommend this book and have adopted this strategy as fun and profitable investment strategy. Buy this book!