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March 31, 2008This post is superseded by some tweaks… find the updates here.
I’ve been thinking about the right way to communicate risk exposure, both for myself, and for the 2 readers of this blog. Raw delats just don’t cut it (although they do help). I tried to do the “10 spreads” trick, but again, that has different meanings […]
Popularity: 4% [?]
Posted in Real Trades, Trading Rules 5 Comments »
March 24, 2008This is actually a follow up from an earlier article on the RUT and RLS I wrote. Be sure to read it if you wonder why things get screwy on expiration day.
In short, most open-cry options (RUT, SPX, NDX, and others) close trading on the day before expiration day (that is, Thursday, 4:30 most months.) […]
Popularity: 17% [?]
Posted in Mistakes, Trading Rules, RUT No Comments »
March 24, 2008What should it be for a standard margin account? Not sure but while Think or Swim only requires margin on one leg (much like an Iron Condor), OptionsHouse requires double the margin. Makes a difference when it comes to yield!
Popularity: 4% [?]If you enjoyed this post, make sure you subscribe to my RSS feed!
Popularity: 4% [?]
Posted in Trading Rules, Double Diagonals 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 »
March 18, 2008This is from a slide from his latest webcast on the OIC site. From http://www.cboe.com/learncenter/webcast/accordent.aspx , click “Dan Sheridan Archives”, then “Dan Sheridan’s Trading Credit Spreads & Condors in a Volatile Market” to view the webcast.
39 days (or so) from expiration
Short strikes around a 10 delta
Profit target is 75% to 80% of Cash Flow (ie, your […]
Popularity: 19% [?]
Posted in Videos, Dan Sheridan, Trading Rules, Iron Condors No Comments »
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