Is Larry Benedict’s 7 Day Blitz Summit Legit?

Welcome to my review of the 7 Day Blitz Summit.

In the presentation, Larry Benedict talks about a strange phenomenon that is guaranteed to happen on the third week of March that he refers to as “a 7-Day Blitz.” He says that you can earn big returns off of it if you make the right moves and he wants to show you how to do it.

If you haven’t watched the video, I hope you’ll find this article informative as I have broken down the main points Larry raised in his presentation.

Before I start…

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Is Larry Benedict's 7 Day Blitz Summit Legit? 7

 

7 Day Blitz Summit Review

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Introduction to 7 Day Blitz Summit

The 7 Day Blitz Summit featured Larry Benedict (interviewed by John Burke) and its purpose was to promote a newsletter he publishes called The S&P Trader.

Before he got to promoting the newsletter, he talked about a strange phenomenon that will happen on the third week of March. This phenomenon will provide you an opportunity to make a fortune off of one ticker.

7 Day Blitz Summit

Larry says that the phenomenon is guaranteed to happen on the third week of March because it is enforced by an organization that is regulated by the federal government. When it takes place, more than one trillion will change hands. 

Now, the organization he is referring to is the Options Clearing Corporation. It is an equity derivatives clearing institution that is regulated by the government. 

The phenomenon he is talking about is the scenario where stock index options, stock options, single stock futures, and stock index futures all expire automatically in the same week (the third week of March). He says that he has found a way to take advantage of this with a proprietary indicator.

The single ticker he is talking about is the S&P Index (SPX).

He says that he trades options on it. His special indicator lets him know whether money is flowing into the market or out of it in the third week of March. He then trades options based on how the indicator predicts — he makes money either way because options can profit whether the underlying security is soaring or plummeting.

He uses a vertical spread strategy that enables him to limit risk.

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Who is Larry Benedict?

Larry Benedict is a former hedge fund manager and a professional trader. 

He is the CEO of The Opportunistic Trader, a boutique investment research firm that provides general investment advice to retail investors through its newsletters. In that sense, it reminds me of Empire Financial Research or St Paul Research.

Benedict has been in the investment world for more than thirty years. He started his career as a market maker in equity derivatives products at the Chicago Board Options Exchange. He has been featured in a popular trading book series with the title Hedge Fund Market Wizards: How Winning Traders Win.

He says that he left the world of hedge funds to share his insights with ordinary citizens through his financial newsletters.

He graduated from Syracuse University.

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What do you get when you sign up for The S&P Trader?

Larry Benedict says that when you join the S&P Trader, you receive the following:

  • One Recommendation every week where he also shows you how to place your trades. He also gives you regular updates on how the trades are faring incase something significant happens.
  • A free copy of The 7-Day Blitz Starting Guide. This guide shows you how the 7-day blitz phenomenon works.
  • A seven-part video series called How to Retire with One Ticker. In the tutorials, Larry and his staff shows you how he picks his trades and how he manages to survive on one ticker.
  • There is a push-notification alert service if you want to receive live updates about your trades.
  • A special report titled Vertical Spread Trading: The Safest $1,000 a Week You’ll Ever Make. It is about Larry’s options trading strategy.

Subscription Fee: $2,000 per year with no cash refunds.

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Is 7 Day Blitz Summit Legit?

The 7 Day Blitz Summit is legit. It is a webinar that was recorded by Larry Benedict (being interviewed by John Burke). During the event, Larry got to talk about what he describes as a 7-day blitz during which a lot of money exchanges hands. What he is referring to is the rise in the number of options contracts being cleared simultaneously by the Options Clearing Commission. 

Although his recommendations may not work out, there is nothing wrong with him talking about his approach to investing thus I think it is legit.

7 Day Blitz Summit Verdict

After watching The 7 Day Blitz Summit what I took away from it is that Larry Benedict trades options on the S&P 500 Index (SPX) and he uses a vertical spread strategy. While this strategy limits the risks, it also lessens the potential gains from the trade.

Larry also promotes his newsletter, The S&P Trader. He says that he will be sharing investment advice on a weekly basis (which is confusing considering that he spends most of the presentation talking about this all-important week in March and not much else about the rest of the time you’ll be a member). If you want to sign up for it, don’t forget that it is a $2,000/yr newsletter with no refunds. Therefore, do more due diligence before you give up your credit card information.

Before you leave

If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.

It’s helped me earn over $300,000 in the last 12 months alone:

Go here to see my no.1 recommendation for making money online

(This is a 100% free training)

Is Larry Benedict's 7 Day Blitz Summit Legit? 7