Sheridanmentoring – Trading Calendars and Double Diagonals for Income in 2016

Trading Calendars and Double Diagonals for Income

0- Intro
4:00- Whiteboard presentation: How do Calendars work?
10:30- Whiteboard Presentation: How do Butterflies work?
15:10- Whiteboard Presentation: How do Double Diagonals work (Iron Condor alternative)
23:25- Compare and Contrast Calendars and Double Calendars versus Double Diagonals
30:25- Two Class Trades for Today
59:42- END

0- Intro and today’s outline
8:25- Teaching ” The Greeks” by looking at an IBM Options Chain
14:10- ” Greeks” and Graph of a Calendar Trade
18:45- Greeks and Graph of a Double Diagonal (Alternative to an Iron Condor)
21:34- List of Stock Candidates for Calendars and Double Diagonals
26:09- Single Calendars with 30 Days Duration
29:15- 30-60 Day Calendars
38- When to start 30-60 Day Duration Single Calendars more out-of-the-money
45:35- Guidelines for 30 Day Calendars including adjustments and risk management
1:13:05- Single Calendars 7-10 Days Duration
1:20:30- Guidelines for 7-10 Day Calendars in Indexes
1:25:00- Review of Class Trades
1:43- END

0- Introduction and today’s outline and announcements
9:40- 9 Day Double Calendar in RUT
18:30- 36 Day Double Calendar RUT
26:05- Double Calendar Guidelines
40:20- Adjusting a Double Calendar into a Triple Calendar
53:35- Single Calendars when VIX is High
55:15- Live Double Diagonal Class Trade in IBM
1:01:20- Review Short Term Calendar Class Trade in SPX
1:04:20- Double Diagonal Guidelines
1:08:20- Reverse Calendars
1:16- END

 Class #4 With Jay Bailey: The 9 Day Calendar

0:00 – Introduction and Outline
1:40 – Discussion of weekly trades vs “shorty” trades
2:30 – Intro to the 9-Day Calendar
3:12 – Greeks: Monthly vs Shorty
15:36 – Principles of Short Term Trades
27:43 – Using ATR to determine when to trade
31:50 – Conditions for the 9-Day calendar
32:25 – 9-Day Calendar Setup & Guidelines
34:20 – Open interest of short term expirations
40:41 – 9-Day Calendar Adjustment #2
44:53 – Some Questions
46:20 – Exit at Max Loss?
47:42 – Example Trade
49:42 – Other Thoughts and Nuances
1:02:15 – How to determine 1.6SD Down Move on TOS Analyze page
1:07:44 – End

0- Introduction and outline for today
2:40- 7 Day Double Diagonal in RUT with 10 contracts with Risk Management and Trade setup
11:10- Same trade as above with 1 contract
16:15- Wider Double Diagonal
20:45- 7 Day Double Diagonal Guidelines
28:35- Foundation of a Ratio Calendar
31:50- Ratio Put Calendar
36.45- Ratio Calendar Guidelines
44:30- Review of Class trade: IBM Live Double Diagonal
48:10- Discussion of Class Trade for today: RUT 8 Day Calendar:

Oct 14 Expiration versus Sep 30 Expiration, the 1260 Call Calendar for $6.95 or $7.00

52:45– Class Trade for today: Buy 1 Nov 4 Expiration and sell 1 Oct 21 expiration, all calls, in RUT.
55:25- Actual Live Trade Execution 8 Day Calendar in RUT:
Buy 1 Oct 14 expiration 1260 Call and Sell 1 Sep 30 Expiration 1260 for $6.95, my actual fill.
58:45- Actual Live Trade Execution longer duration Calendar:
Buy 1 Nov 4 Expiration 1260 Call and Sell 1 Oct 21 Expiration 1260 Call $6.50 Debit, my actual fill.
1:01:11- END

2:00- Introduction
9:00- Presentation of slides what is a double diagonal?
11:00- Why trade a double diagonal? using Volatility to time entry
18:30- How do double diagonals make/lose money?
22:30- Strike selection and trade set up
23:30- Target profit and trade exit
26:00- How to adjust
55:00- Live trade examples
55:00- END and Q&A

0- Introduction and today’s outline
2:40- Guerilla Calendars and Guidelines
26:40- Campaign Calendars and Guidelines
1:09:25- Bearish Calendar and Guidelines
1:22- Review Class Trades from Previous Class
1:24:45- Today’s Live Trade: AAPL Calendar Buy Oct 21 Expiration 114 Call and Sell Oct 7 Expiration 114 Call for .88
1:34:28- END

0- Intro and todays outline
14- Allocation of Capital with a $10,000 Portfolio of Calendars and Double Diagonals
19- Combining Iron Condors and Calendars to start morphing an Iron Condor into a Double Diagonal
35:15- END