August 12, 2008I posted this a couple of weeks ago, but the video disappeared quickly. Looks like it is back now though. Go here, and choose “Dan Sheridan Archives.” It is listed with the date of 8/5/2008.
It is a very good webcast, and a mirror of a live seminar he taught earlier this year. Covers adjustments, and […]
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Posted in Videos, Dan Sheridan, Iron Condors 
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May 12, 2008Dan Sherican just came out with a new webcast on the OIC website. The webcast has “iron butterly” in the title, but all the examples are traditional call debit butterflies. He does say that there is essentially no difference betwrrn them. Here are the rules:
30 days until expiration
Profit target is 12-15% in 14 days
Max loss […]
Popularity: 47% [?]
Posted in Dan Sheridan, Trading Rules, Butterflies 1 Comment »
May 6, 2008BMIC = Big Mouth Iron Condor. Learned that from the Insane Money Forums, after seeing it on Pete’s Options Blog. (Another good real-trades strategy blog.) It’s the name Jack Wong from Optionetics give to a condor with wide shorts, like Dan Sheridan’s “High Prob Condors.” After a little googling around the Optionetics forums (BMIC is […]
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April 16, 2008Dan Sheridan has a new webcast out on the OIC website. Go to the Educational Webcasts page, then click Dan Sheridan on the left menu. It is dated 3/30/08, and called the “Boy Cout Tent Double Calendar Spreads.”
35-40 days out
Short call and put 5-10 points out of the money
Long options 1-3 months from the shorts
Max […]
Popularity: 45% [?]
Posted in Dan Sheridan, Trading Rules, Calendars No Comments »
April 9, 2008For public consumption, here’s some blogs I have follow where the bloggers frequently detail their real trades -
LionOption - JMD doesn’t have alot of commentary, and seems to use the blog mostly for his own record, but the trades are great, and the explanations are valuable, even if they are short. Appears to use the […]
Popularity: 37% [?]
Posted in Real Trades, Dan Sheridan, Trading Rules No Comments »
March 23, 2008Dan gets this question in the webcast in the last post… the answer? More calendars feel better. They have a wider break even. Eventually, most traders start with a single and adjust accordingly into a double, triple, etc.
The fact is, single calendars have a higher yield, and the fewer calendars you have on the same […]
Popularity: 13% [?]
Posted in Dan Sheridan, Trading Rules, Calendars No Comments »
March 23, 2008From his latest educational webcast - http://oiwebcasts.cboe.com/portal/v_g.asp?G=6# (click on Dan Sheridan Archives).
30-35 days to expiration
Use ATM Strike
Use when implied volatility is in the lower third of IV range for the past year for the underlying
Max Loss 25% - Take profits at 20%
When underlying is at expiration breakeven, move half of spread to breakeven strike. If it […]
Popularity: 19% [?]
Posted in Videos, Dan Sheridan, Trading Rules, Calendars No Comments »
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