Magnetic fields in fully convective M-dwarfs: oscillatory dynamos vs   bistability
  M-dwarfs demonstrate two types of activity: 1) strong (kilogauss) almost axisymmetric poloidal magnetic fields; and 2) considerably weaker nonaxisymmetric fields, sometimes including a substantial toroidal component. Dynamo bistability has been proposed as an explanation. However it is not straightforward to obtain such a bistability in dynamo models. On the other hand, the solar magnetic dipole at times of magnetic field inversion becomes transverse to the rotation axis, while the magnetic field becomes weaker at times far from that of inversion. Thus the   Sun resembles a star with the second type of activity. We suggest that M-dwarfs can have magnetic cycles, and that M-dwarfs with the second type of activity can just be stars observed at times of magnetic field inversion. Then the relative number of M-dwarfs with the second type of activity can be used in the framework of this model to determine parameters of stellar convection near the surface. 
L.L. Kitchatinov, D. Moss and D. Sokoloff
astro-ph.SR