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Friday, August 26, 2011

Sheridan Options Mentoring Blog

Sheridan Options Mentoring Blog

Link to Sheridan Options Mentoring Blog

How to Watch a CBOE WebCast

Posted: 25 Aug 2011 09:19 AM PDT

Dan does a lot of CBOE WebCasts and we always get questions of how to join these events. The CBOE Webcast system is more complicated than most other systems so I thought I’d give you a helping hand of how to join a CBOE WebCast.

How to Join a CBOE WebCast
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This posting includes an audio/video/photo media file: Download Now

CBOE Webcast – Income Generation Series: Low Probability Iron Condor

Posted: 25 Aug 2011 08:40 AM PDT

Dan is presenting Low Probability Iron Condors today (Thursday Aug 25, 2011) at 3:30 PM Central (Chicago) Time. Today’s webcast is titled:

Income Generation Series: Low Probability Iron Condor

Dan presented a similar series several years ago that was very popular.  He is re-building the entire series again with current information.

Dan goes through several Low Probability Iron Condor adjustments and discusses when to take the GOOD side off in this presentation.

The presentation is today at 3:30 PM Central at CBOE.com.
Register for this webcast here.

NOTE: If you need help joining the CBOE WebCast,
I made a video to walk you through the process

Download the presentation slides

Low Probability Iron Condor

Check our our public forums at http://forums.sheridanmentoring.com/

Thursday, August 25, 2011

Low Probability Iron Condor Webcast today at 3:30 PM Central

Sheridan Options Mentoring Web site
Dan Sheridan is back at CBOE today to present a WebCast at 3:30 PM Central (Chicago) Time TODAY!.  The topic is:

Low Probability Iron Condors

To access the live event at CBOE, please go to:


To download the presentation slides, please go to:


We hope you enjoy the WebCast!


Regards,


Sheridan Options Mentoring
www.sheridanmentoring.com
800-288-9341



Mailing address: Sheridan Options Mentoring, 1539 Della Drive, Hoffman Estates, IL 60169 USA

To unsubscribe please visit:
http://www.sheridanmentoring.com/index/method/c.unsubscribe/emailaddr/markrschultze.tset@blogger.com.html

Wednesday, August 24, 2011

Sheridan Options Mentoring Blog

Sheridan Options Mentoring Blog

Link to Sheridan Options Mentoring Blog

Why some Pit Traders Favored the Long Straddle

Posted: 23 Aug 2011 10:21 AM PDT

Long Straddle AdjustmentDan is presenting a webinar today at OptionsXpress about the “Why some Pit Traders Favored the Long Straddle?” at 12:00 PM Central (Chicago) Time (Noon). The webinar will be recorded and archived at OptionsXPress’s web site.

You can attend the webinar here

Download the PowerPoint slides.

Check out our new Vault with disappearing special videos that are only available for a limited time!

Sunday, August 14, 2011

Live Trading Opportunities in this Volatile Market - Tomorrow at 1PM Central

Sheridan Options Mentoring Web site
Dan Sheridan invites you to a webinar TOMORROW at 1:00 PM Central (Chicago) Time about

Live Trading Opportunities in this Volatile Market

These are the details for joining the live class:
------------------------------------------------

Event: Live Trading Opportunities in this Volatile Market

Event address: https://sheridan500.webex.com/sheridan500/onstage/g.php?t=a&d=660659851

Event address (shortened): http://www.sheridanmentoring.com/x/660659851

Date and time: Monday, August 15, 2011 1:00 pm Central Daylight Time (Chicago, GMT-05:00)

Event number: 660 659 851

To manually join this class:
1. Visit http://sheridan500.webex.com/
2. Find the meeting "Live Trading Opportunities in this Volatile Market"
3. Click the "Join" button
4. Fill in your name, email address
------------------------------------------------

We will post this webinar on our website so don't worry if you can't attend it live.

We hope to see you tomorrow!

Regards,

Sheridan Options Mentoring
www.sheridanmentoring.com
800-288-9341


Mailing address: Sheridan Options Mentoring, 1539 Della Drive, Hoffman Estates, IL 60169 USA

To unsubscribe please visit:
http://www.sheridanmentoring.com/index/method/c.unsubscribe/emailaddr/markrschultze.tset@blogger.com.html

Friday, August 12, 2011

Dan explores LIVE Trading Opportunities in this Volatile Market on Monday

Sheridan Options Mentoring Web site
Dan Sheridan invites you to attend a webinar on Monday at 1:00 PM Central where Dan will discuss

Live Trading Opportunities in this Volatile Market.

The market volatility has been incredible lately.  This presents unique trading opportunities as well as subtle traps and dangers.  Join Dan on Monday at 1:00 PM Central to join the discussion by signing up here:


We will send the instructions to join the meeting to you on Sunday night so don't delay.  
Get on the list now!

We'll see you on Monday!

Have a great weekend.


Sheridan Options Mentoring Team
www.sheridanmentoring.com
800-288-9341


Mailing address: Sheridan Options Mentoring, 1539 Della Drive, Hoffman Estates, IL 60169 USA

To unsubscribe please visit:
http://www.sheridanmentoring.com/index/method/c.unsubscribe/emailaddr/markrschultze.tset@blogger.com.html

Thursday, August 11, 2011

Sheridan Options Mentoring Blog

Sheridan Options Mentoring Blog

Link to Sheridan Options Mentoring Blog

Longer Term Iron Condors

Posted: 10 Aug 2011 09:23 AM PDT

Dan discusses using longer term Iron Condors and trading in this very volatile market. He was talking to a student yesterday who was doing ok in the current market by using longer term iron condors.

Watch the video here

Monday, August 8, 2011

Manage by the Greeks Workshop Continues TOMORROW. Sign up today!

Sheridan Options Mentoring Web site
We hope you've enjoyed the 1st week of the Manage by the Greeks Workshop class. 

Managing your trades by the Greeks is very effective at controlling your risk in a volatile market like we've had recently. 

Class continues tomorrow but only for registered students. 

Sign up now to join us 


We hope to see you in the class tomorrow. 

Regards, 

Dan Sheridan 
Sheridan Options Mentoring 
dan@sheridanmentoring.com 
+1 630-835-4691

Mailing address: Sheridan Options Mentoring, 1539 Della Drive, Hoffman Estates, IL 60169 USA

To unsubscribe please visit:
http://www.sheridanmentoring.com/index/method/c.unsubscribe/emailaddr/markrschultze.tset@blogger.com.html

Sunday, August 7, 2011

Manage By The Greeks Workshop - Update for you...

Sheridan Options Mentoring Web site
I hope you enjoyed the first complimentary week of the Manage by the Greeks Workshop Class.  
The next class starts on Tuesday at 1:00 PM Central (Chicago) Time.

The price is only $497 and you can sign up today by clicking on this link:


All classes are recorded and archived.

We had a few emails about a small problem about last Friday's streaming recorded video.   Everything is fixed and you can watch them on our website now.

If you have any questions about the class, send me an email.

I look forward to seeing you on Tuesday!

Regards,


Dan Sheridan
Sheridan Options Mentoring
www.sheridanmentoring.com
+1 630-835-4691

Sign up for the class at http://www.sheridanmentoring.com/x/C51


Mailing address: Sheridan Options Mentoring, 1539 Della Drive, Hoffman Estates, IL 60169 USA

To unsubscribe please visit:
http://www.sheridanmentoring.com/index/method/c.unsubscribe/emailaddr/markrschultze.tset@blogger.com.html

Friday, August 5, 2011

Managing by the Greeks Workshop Update VIDEO is ready for you!

Sheridan Options Mentoring Web site
Dan taught the Managing by the Greeks Workshop Class today and the video is ready for you to watch. Please visit:


With the volatile markets, knowing how to manage your trades using the option Greeks is more important than ever!

To make sure you don't miss any more of these classes, click on the sign up button below to join the Manage by the Greeks Class at the special price of $497 now!

Sign up now

Thanks for taking the time to review this class. Let us know if we can help you and your option trading.

Regards,


Sheridan Options Mentoring
www.sheridanmentoring.com
800-288-9341



Mailing address: Sheridan Options Mentoring, 1539 Della Drive, Hoffman Estates, IL 60169 USA

To unsubscribe please visit:
http://www.sheridanmentoring.com/index/method/c.unsubscribe/emailaddr/markrschultze.tset@blogger.com.html

Thursday, August 4, 2011

Manage by the Greeks Update Class TOMORROW at 1:00 PM Central

Sheridan Options Mentoring Web site
The next Manage by the Greeks Workshop Update is TOMORROW at 1:00 PM Central (Chicago) Time.

We expanded our room capacity so you shouldn't have any problems joining the class.

These are the details for joining the live class:
------------------------------------------------

Event: Manage by the Greeks Workshop Update

Event address: https://sheridan500.webex.com/sheridan500/onstage/g.php?t=a&d=663135770

Event address (shortened): http://www.sheridanmentoring.com/x/663135770

Date and time: Friday, August 5, 2011 1:00 pm Central Daylight Time (Chicago, GMT-05:00)

Event number: 663 135 770

To manually join this class:
1. Visit http://sheridan500.webex.com/
2. Find the meeting "Manage by the Greeks Workshop Update"
3. Click the "Join" button
4. Fill in your name, email address
------------------------------------------------

We hope you can attend this free class!.

Regards,

Sheridan Options Mentoring
www.sheridanmentoring.com
800-288-9341


Mailing address: Sheridan Options Mentoring, 1539 Della Drive, Hoffman Estates, IL 60169 USA

To unsubscribe please visit:
http://www.sheridanmentoring.com/index/method/c.unsubscribe/emailaddr/markrschultze.tset@blogger.com.html

Sheridan Options Mentoring Blog

Sheridan Options Mentoring Blog

Link to Sheridan Options Mentoring Blog

Manage By the Greeks Workshop – Lesson One Trade Update

Posted: 03 Aug 2011 02:50 PM PDT

Waves

Dan first class for the new Managing By The Greeks Workshop is ready for you to watch!

Watch the Streaming Video

Click for more information about the class and to sign up for the class

Sign up now

The next class is also FREE on Friday at 1:00 PM Central.

Looking For The Pony

Posted: 03 Aug 2011 02:15 PM PDT

Time to expiration, price of the underlying, implied volatility, historical volatility, puts, calls, delta, gamma, theta, vega, in-the-money, at-the- money, out-of-the-money, intrinsic value, extrinsic value, higher commissions, egregious bid/ask spreads, no options traded on a stock with a beautiful technical set up, multiple potential beasts and physiologies, LEAPS; why would one even bother with options? If I retain a shred of rationality, an open question to be sure, there must be some reason to complicate my life with these additional variables.

Ronald Reagan was fond of making a point with the story of the 8 year old boy who while visiting his grandfather's farm fell into a pile of horse manure.  When his father found him a short while later, the boy was smiling ear-to-ear and happily shoveling away the muck.  When asked why, the son replied: "With this much poop, there must be a pony in here somewhere."

Traders new to options often incorrectly focus on the ability to leverage positions, but in his classic summarization of this approach Jared Woodard of CondorOptions.com opines:

But leverage, as anyone who's followed the fate of the investment banks knows, is just a means for magnifying outcomes.  A leveraged risk-taker will experience more glorious wins and more disastrous losses, like a deranged person who shouts both poetry and obscenities (instead of whispering them quietly to himself, like the rest of us).

The knowledgeable options trader uses the inherent flexibility of these derivatives in a variety of ways in order to achieve a number of advantages that are not available to the trader who limits his actions simply to trading equities.   It is these additional benefits that represent the pony hidden in the muck of the additional complexities with which an option trader must become conversant.

Before I sound too negative about these additional factors, it is important to recognize that while their understanding may take a little effort, the inclusion of these factors into a trade structure can dramatically increase the probability of a successful outcome.

The stock trader has only two actions to initiate a position:  buy or sell short.  A direct result of either of these two actions is that he must correctly predict price movement in order to benefit.  This inevitability is summed up in the classic maxim of the stock trader, "only price pays".

The options trader has many more choices.  Obviously, he can simply buy or sell individual options analogous to the stock trader.  However there are far more potential structures for trades available to the knowledgeable trader.   An options trader has far more potential position trade structures available for him to use in order to enhance the probability of a successful trade.

The precise structure and use of these potential trade structures is beyond the scope of today's blog and will be the subject of future writings.  Suffice it to say that option prices are impacted by a number of factors, the most important of which are the three primal forces ruling the world of options – price of the underlying, time to expiration, and implied volatility. It is the interplay of these three factors that provide additional profit opportunities for the educated trader.

An additional important point that is often overlooked is the ability to crisply define risk in an options position.  The current position of a stock trader, whether long or short, results in the entirety of his committed capital being exposed to a potential "Black Swan" event.  Traders who confront risk rigorously realize that existing stop orders may well not protect a position. Losses well in excess of those projected by assuming that positions will be closed at the stop price can easily occur. Option positions are routinely designed to have an absolute maximum potential risk well below that which would exist for a similar position constructed entirely in stock.

Perhaps we option traders are not quite ready for the asylum.  Option trading volume continues to set new records.  The pony has been found.

 

Wednesday, August 3, 2011

Managing By The Greeks Workshop VIDEO is ready for you!

Sheridan Options Mentoring Web site
Dan taught a new class on Managing By The Greeks Workshop this week. The video of that class is now ready for you to watch. Please visit this link to watch the video of the class:


For more information about the class and to sign up, please go to:


The next class will be on Friday at 1:00 PM Central. 

If you watch the video linked above, you'll be on the list to receive the login instructions for Friday's next class.We hope you enjoy the video and look forward to your comments.


Regards,


Sheridan Options Mentoring
www.sheridanmentoring.com
800-288-9341

Mailing address: Sheridan Options Mentoring, 1539 Della Drive, Hoffman Estates, IL 60169 USA

To unsubscribe please visit:
http://www.sheridanmentoring.com/index/method/c.unsubscribe/emailaddr/markrschultze.tset@blogger.com.html