What are the differences between Jim Fink’s Velocity Trader and Options for Income services?

I see people talking about both of Jim FInk's services in the Stock Talk forum. Help me determine which one(s) are right for me?

This short video explains Velocity Trader versus Options for Income.

OFI is a conservative trading service based on out-of-the-money (OTM) put credit spreads that can generate maximum potential profit in the 20% to 40% range by time-value decay alone (i.e., no directional movement is required) with an 85%-90% probability of success. Average trade duration is two months.

VT is a more aggressive service based on in-the-money (ITM) call and put debit spreads that require directional movement to be successful. Predicting price direction is much more difficult than simply playing time-value decay, so the probability of success of these aggressive trades is lower than OFI’s put credit spreads — Jim is shooting for a 60-70% win rate compared to OFI’s 85%-90% win rate. Average trade duration is ten days.

The good news is that the potential returns of VT are typically in the 100% range — much higher than OFI’s trades — and therefore the overall profitability of the VT service may be higher than OFI despite a lower win rate. For example, OFI trades typically risk $4 to make $1. VT typically risks $1 to make $1. As an illustration, but not based on any hard data, see the following assumptions:

• Expected return on OFI: 85% winners * $1.00 -15% losers * $4.00 = $0.85 – $0.60 = $0.25 net profit per share.
• Expected return on VT: 65% winners * $1.00 – 35% losers *$1.00 = $0.30 net profit per share.

These numbers are simplistic because most trades won’t suffer maximum potential loss, but you get the idea.

VT averages two new trades per week that are issued on Tuesday mornings and includes a video discussion of general market commentary and chart analysis of that week’s recommendations. OFI issues two new trades every Thursday morning.