Learn Iron Condor Techniques from 5 Experts

Dan is doing a new five seminar series with the CBOE.  Dan is assembling a top team of traders for each strategy that specialize in the particular strategy. 

For Huntington Beach, Dan has assembled 5 of the top Iron Condor craftsmen in the country. 

Join Dan Sheridan, Dan Harvey, Amy Meisner, Chris Smith from the Option Club and Peter Lusk from the CBOE for this intense seminar.

This eight-hour event includes breakfast, lunch, and dinner. Dinner will be at Dan's Family's Restaurant.

The seminar is on Feb 2, 2012 in Huntington Beach, California at the Hyatt Regency Hotel.

Until Jan 16th, save $100 on this seminar  

The special discounted price is $399 but expires soon.  Don't wait too long.

Call Barb Kalicki to sign up for this event at this special price at 312-786-7819

For more information, please visit the CBOE's website at

http://www.cboe.com/LearnCenter/ViewSeminar.aspx?SeminarId=53

We hope to see you at this exciting event!

Regards,

Sheridan Options Mentoring

www.sheridanmentoring.com

800-288-9341

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

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Sheridan Options Mentoring Blog

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What a 25 VIX means to my Complete Options Portfolio? Posted: 15 Dec 2011 06:16 PM PST It means that the market's fear level of a downside move is the lowest it's been since the beginning of August. Tomorrow may bring a different story, but for today we will welcome the stability. Reasons for this stability may include some resolution to European problems and anticipation of a Santa Claus rally that we usually get. Let's take a look at how this may impact the different parts of my Complete Options Portfolio and maybe throw out a trade idea for each part. SPX is currently around 1217 and we haven't been south of 1160 since October 7, stability usually brings lower VIX levels! Speculative: Putting on trades based on Directional opinion. With some of the market craziness temporarily waning, I would allocate less dollars to this part of my options portfolio. Still opportunities out there, but nowhere near the movement of beginning of August to beginning of October period. Speculative Trade idea: SPY slightly Bearish Calendar , Buy 1 February 120 put and sell 1 January 120 put for around $1.50 debit. I would use rallies to enter out of the money put time spreads to take advantage of temporary downside moves we should get even if we move higher. I would enter these spreads after the market has gone up a few days, and would put in a price below the mid prices a bit. Let it come to you. Don't chase it. My plan would be to stay in the spread for about a week and get out for profits over 10% yield. My aim is to benefit from a price move and volatility increase if we have a few days of declining prices. If I'm wrong I could re-position the calendar and move it to a higher strike. Monthly Income: Putting on range bound trades with probabilities in my favor like an insurance company. I would allocate near normal levels of capital to this part of the portfolio because the market is pretty range bound. Monthly Income Trade Idea: AAPL Iron Condor, Buy 1 January 425 call sell 1 January 415 call , buy 1 January 345 put , sell 1 January 355 put for total credit of $3.50 AAPL has been in a range between roughly 350 and around 420 since middle of July. This spread has breakeven points at expiration of around 350 and 420. If I think this range will continue over the next 25-30 trading days , and so this would make sense to me. The risk is $6.50. The credit of $3.50 subtracted from the strike width of 10, little less than 2:1. If the stock goes outside of my projected range, I would get out. Long Term Monthly Income: Stocks I really like for next 2 years that don't usually have crazy volatility. Preferably a little lower beta than the market. If I'm dealing with stocks that have been very strong, I might decrease my capital allocation a bit or get more downside protection if I think they will retrace a bit. Long Term Monthly Income trade idea: IBM slightly bullish Diagonal: With IBM around 187 ½ , Buy 1 July 160 call for around $32 and sell 1 January 185 call for around $7 for debit of $ 425. IBM has been strong like bull! It may be a bit overextended but I like it for the long term. This trade I'm selling an in the money call to get a bit more downside protection over the next 25-35 days. The stock has been on a run and I think it may have a bit more to go down over the short term.

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How to Trade $100,000 Portfolio – Second Class Posted: 02 Dec 2011 12:36 PM PST Dan Sheridan taught the second class of “How to Trade a $100,000 Portfolio in Today’s Market” on Saturday. Here’s the video of this class: Download the PowerPoint Slides Students of this class have a FREE TRIAL of OptionNET Explorer Software as part of the class! Students can subscribe to OptionNET Explorer when their trial expires. For more information, or to sign up, please visit: http://info.sheridanmentoring.com/how-to-trade-a-100000-portfolio-in-todays-market/ . Here is the First Class from November 30th:

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Time is Running Out!!! Class starts tomorrow Wed. 12/7/2011

Our class "How to Trade a $100,000 Portfolio in Today's Market" starts tomorrow Wed. Dec 7, 2011. When you sign up for the class, you will get a free trial of OptionNET Explorer software.

Dan is providing additional training for the software and adding 1-1/2 hour per week of beginner option trader training. The software has an outstanding back testing feature that you'll be using to complete Dan's homework assignments. You'll be able to back test all of the trades and strategies Dan covers. Don't miss this opportunity to trade along with Dan!

For more information about the class, or to SIGN UP NOW, go to

http://info.sheridanmentoring.com/how-to-trade-a-100000-portfolio-in-todays-market/

We hope to see you in the class next week!

Regards,

Sheridan Options Mentoring

www.sheridanmentoring.com

800-288-9341

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

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DON'T MISS OUT! Get our Option Analysis Software on Monday

Our class "How to Trade a $100,000 Portfolio in Today's Market" starts next week on Wed. Dec 7, 2011. If you sign up for the class this weekend, you will get OptionNET Explorer software on Monday and have a few days to get comfortable with it.

Dan is providing additional training for the software and adding 1 hour per week of beginner option trader training. The software has an outstanding back testing feature that you'll be using to complete Dan's homework assignments. You'll be able to back test all of the trades and strategies Dan covers. Don't miss this opportunity to trade along with Dan!

For more information about the class, or to sign up NOW, go to

http://info.sheridanmentoring.com/how-to-trade-a-100000-portfolio-in-todays-market/

The video of the second class is at

http://www.youtube.com/watch?v=brE-dx0srkk

We hope to see you in the class next week!

Regards,

Sheridan Options Mentoring

www.sheridanmentoring.com

800-288-9341

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

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Video is ready for you

Dan Sheridan taught the second class yesterday of How to Trade a $100,000 Portfolio in Today's Market.

The video of the class is posted on YouTube at

http://www.youtube.com/watch?v=brE-dx0srkk

For more information about the class, or to sign up, please visit

http://info.sheridanmentoring.com/how-to-trade-a-100000-portfolio-in-todays-market/

We recently were approved to post long videos on youtube.  We will be posting all public videos on youtube in the future.  To get timely notification of these new videos, subscribe to our youtube channel at

http://www.youtube.com/user/sheridanmentoring

We hope to see you in the class next week!

Regards,

Sheridan Options Mentoring

www.sheridanmentoring.com

800-288-9341

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

To unsubscribe please visit:
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How to Trade $100,000 Portfolio – First Class Posted: 01 Dec 2011 12:01 PM PST Dan Sheridan taught the first class of “How to Trade a $100,000 Portfolio in Today’s Market” yesterday. Here’s the video and PowerPoint of this class: Download the PowerPoint Slides Students of this class have a FREE TRIAL of OptionNET Explorer Software as part of the class! Students can subscribe to OptionNET Explorer when their trial expires. For more information, or to sign up, please visit: http://info.sheridanmentoring.com/how-to-trade-a-100000-portfolio-in-todays-market/ .

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Video is ready for you & FREE Class Tomorrow

Dan's video from yesterday is ready to view at

http://www.youtube.com/watch?v=CItPVdWEctc

Dan continues class TOMORROW at 1:00 PM Central (Chicago) Time.

How to Trade in the Current Markets

https://sheridan500.webex.com/sheridan500/onstage/g.php?t=a&d=667139195

Friday, December 2, 2011 1:00 pm Central Standard Time (Chicago, GMT-06:00)

Event number: 667 139 195

If the link above does not work, you can manually join this class by following these instructions:
1. Visit http://sheridan500.webex.com/
2. Find the meeting "How to Trade in the Current Markets"
3. Click the "Join" button
4. Fill in your name, email address
5. Submit the form
------------------------------------------------

We hope you can attend this FREE Class TOMORROW.

Regards,

Sheridan Options Mentoring
www.sheridanmentoring.com

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

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Sheridan Options Mentoring Blog

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The Complexities of Simple Posted: 29 Nov 2011 07:53 AM PST For those who are regular readers, I want to call your attention to a topic that is notable for its absence in my musings of the view from an option trader's desk. A quick perusal of recent topics of discussion reveals a number of beasts such as condors and butterflies, but not a trace of the elusive single legged long option can be found swimming in our blog stream. The seemingly basic maneuver of simply buying a put or call as a single trade position is rarely discussed. Is it that option traders are by nature attracted to complexity or is there a fundamental reason this simple single legged strategy is not the topic of more discussion? The answer to this basic question brings us back to the fundamental reason for trading options. We live in an uncertain world; our task as knowledgeable option traders is to construct and select trades with the highest probability of success within an acceptable risk/reward environment. The purchase of a put or call is rarely the highest probability trade available. The reasons are several and include the inevitability of time decay of premium and the exposure to changes in implied volatility. The current market conditions are particularly difficult for traders using the simple "long premium" strategy. Implied volatility is currently in its highest quartile for most issues. As a result of this elevated implied volatility, option time premium is rich. This has the result of making the usual headwind of theta decay even stronger. In addition, the strong tendency of volatility to revert to its historic mean leaves the trader at significant risk of collapsing time premium for which he has so richly paid. Consider the real world situation of the trader who chooses simply to buy options ahead of what he predicts to be the increase in price of AMZN. During the current month of November, AMZN has traded down from prices above $220 to its current price of $182.57. As a result, the implied volatility of the current front month call, the December 185 strike, is 49.9% and can be bought for $9.90. The trader buying a 10 lot position expecting AMZN to trade higher during the remaining 21 days of life of this contract, has encountered some brisk headwinds. He is exposed not only to the current daily premium decay of $206.48 but is also negatively impacted by the ever-increasing decay rate as expiration approaches. In addition to reliably predictable factor of time decay, the value of the options will almost certainly be reduced by decreases in implied volatility if the trader's price hypothesis proves to be correct. Implied volatility is virtually always negatively correlated with price movement. If volatility were to contract from current levels, and it is important to understand that this would be the expected reaction to an increase in the price of AMZN, and return to the recent mean level of 43%, the option would lose $1.40 as a result of this factor alone. As a general rule, simple is almost always better than complex. In option trading what appears to be the simplest trade, buying a put or a call, rarely results in the best risk/reward ratio.

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FREE CLASS TOMORROW: How to Trade $100,000 Portfolio at 1:00 PM Central

You are invited to attend Dan Sheridan's new class that starts TOMORROW at 1:00 PM Central (Chicago) Time.

How to Trade $100,000 Portfolio in Today's Market

https://sheridan500.webex.com/sheridan500/onstage/g.php?t=a&d=668949472

Wednesday, November 30, 2011 1:00 pm Central Standard Time (Chicago, GMT-06:00)

Event number: 668 949 472

If the link above does not work, you can manually join this class by following these instructions:
1. Visit https://sheridan500.webex.com/
2. Find the meeting "How to Trade $100,000 Portfolio in Today's Market"
3. Click the "Join" button
4. Fill in your name, email address
5. Submit the form
------------------------------------------------

We hope you can attend this FREE CLASS TOMORROW! 

Regards,

Sheridan Options Mentoring
www.sheridanmentoring.com

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

To unsubscribe please visit:
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STARTS NEXT WEEK: How to Manage $100k Portfolio -- Includes OptionNET Explorer

New Online Class with FREE OptionNET Explorer Software STARTS NEXT WEEK!

1st Time Ever -- OptionNET Explorer is included for the length of the 6-week class!

YOU CAN ATTEND THE FIRST WEEK FREE!

How would you manage a $100,000 portfolio? Your decisions can determine long-term success or failure.

I am teaching a new class to show you how to manage a $100,000 portfolio in today's market. I will use a combination of long-term trades, speculative trades and monthly income trades to balance risk and show you how the entire portfolio is inter-connected.

This will be a very practical hands-on class where we will be placing and managing trades all the way through together.

Classes will be on Wednesday and Friday at 1:00 PM Central. The first class is next week on November 30th.

We have a limited number of seats available for this class due to the OptionNET Explorer trials so don't delay.  Sign up for the class now and guarantee your spot!

For more information about the class and OptionNET Explorer software, please visit this link

http://info.sheridanmentoring.com/how-to-trade-a-100000-portfolio-in-todays-market/

If you have any questions about the class or OptionNET Explorer, please contact me at info@sheridanmentoring.com

I hope to see you on November 30th for the first FREE class!

Regards,

Dan Sheridan

Sheridan Options Mentoring

www.sheridanmentoring.com

800-288-9341

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

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Dan Goes Fishing For Trades Posted: 20 Nov 2011 05:28 PM PST Dan had a webinar on Saturday where he went over how to fish for trades. He used IBM as an example and showed several different types of trades. Here’s the video of the session: Dan announced the new class that starts at the end of the month: How to Trade a $100,000 Portfolio This class is the 1st time OptionNET Explorer software will be available outside of the mentoring program! All students of this new class get a free 6-week trial of the software, with the option to purchase it after the trial is over! For more information, or to sign up, please visit http://info.sheridanmentoring.com/how-to-trade-a-100000-portfolio-in-todays-market/ Subscribe to our YouTube channel to get notified when we upload new videos!

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FREE webinar Tomorrow - Dan Goes Fishing for Trades with You!

Dan Sheridan is going fishing for trades TOMORROW at 9:00 AM Central (Chicago) Time.

Dan will pick stocks and indexes together with you and show you step-by-step how to trade them.  

These are the details for joining tomorrow's meeting:
------------------------------------------------

Dan Goes Fishing for Trades

https://sheridan500.webex.com/sheridan500/onstage/g.php?t=a&d=668110466

Saturday, November 19, 2011 9:00 am Central Standard Time (Chicago, GMT-06:00)

Event number: 668 110 466

If the link above does not work, you can manually join this class by following these instructions:
1. Visit http://sheridan500.webex.com/
2. Find the meeting "Dan Goes Fishing for Trades"
3. Click the "Join" button
4. Fill in your name, email address
5. Submit the form
------------------------------------------------

We hope you can attend this FREE event.

Regards,

Sheridan Options Mentoring
www.sheridanmentoring.com

---

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

New Online Class includes OptionNET Explorer Software for the 1st time

New Online Class with FREE OptionNET Explorer Software

1st Time Ever -- OptionNET Explorer is included for the length of the 6-week class!

YOU CAN ATTEND THE FIRST WEEK FREE!

How would you manage a $100,000 portfolio? Your decisions can determine long-term success or failure.

I am teaching a new class to show you how to manage a $100,000 portfolio in today's market. I will use a combination of long-term trades, speculative trades and monthly income trades to balance risk and show you how the entire portfolio is inter-connected.

This will be a very practical hands-on class where we will be placing and managing trades all the way through together.

Classes will be on Wednesday and Friday at 1:00 PM Central. The first class is on November 30th.

We have a limited number of seats available for this class due to the OptionNET Explorer trials so don't delay.  Sign up for the class now and guarantee your spot!

For more information about the class and OptionNET Explorer software, please visit this link

http://info.sheridanmentoring.com/how-to-trade-a-100000-portfolio-in-todays-market/

If you have any questions about the class or OptionNET Explorer, please contact me at info@sheridanmentoring.com

I hope to see you on November 30th for the first FREE class!

Regards,

Dan Sheridan
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

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Options Safari: SPX Butterfly and MCD Bull Call Spread Posted: 15 Nov 2011 05:06 AM PST Dan’s two shows for CBOE TV Options Safari this week are: MCD Bull Call Spread SPX Butterfly Spread  Download the Presentation Slides here MCD Bull Call Spread SPX Butterfly Join our free public forums at http://forums.sheridanmentoring.com.

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Special Combination Offer from Dan Sheridan

Dan taught two classes recently dealing with trading by Managing the Greeks Workshop and Trading in the Current Markets.  Each class was 16 and 17 hours of instruction of how to trade in today's market!  Both of these classes are full of practical advice and examples of using techniques and strategies to survive and prosper even with the crazy markets we've had this year.

All intermediate and advanced option traders can benefit from these focused classes.  

We have combined these two classes together into one package just for you.  You'll save almost $200 off the individually purchased price.  As always, you can apply the cost of these classes towards our premium option-mentoring program.

Take a look at the classes and see if they are right for you.  Now is a great time to get current training and a great discount.  

For more information please visit

http://www.sheridanmentoring.com/index/method/c.combo-class2.html

or if you're ready to order, visit

http://www.sheridanmentoring.com/x/combo2

If you have any questions about the class, please send Dan an email at dan@sheridanmentoring.com

Good trading!

Sheridan Options Mentoring

www.sheridanmentoring.com

800-288-9341

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

To unsubscribe please visit:
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CANCELED: Tomorrow's Free webinar...

Dan Sheridan's free webinar tomorrow is canceled due to Dan's travel schedule changing on short notice.  We're sorry for the inconvenience.  

Dan will re-schedule this webinar in the near future.

Have a great weekend!

Regards,

Sheridan Options Mentoring

www.sheridanmentoring.com

800-288-9341

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

To unsubscribe please visit:
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FREE webinar Tomorrow - Iron Condors in this Volatile Market Continued...

Dan Sheridan is teaching a FREE webinar TOMORROW at 9:00 AM Central (Chicago) Time about

Iron Condors in this volatile market Continued

Dan continúes his discussion from last week about Iron Condors. Dan will discuss adjustment ideas and the practical application of these ideas. Don't miss it!

To join the event, please visit:

https://sheridan500.webex.com/sheridan500/onstage/g.php?t=a&d=665605281

Saturday, November 12, 2011 9:00 am Central Standard Time (Chicago, GMT-06:00)

Event number: 665 605 281

If the link above does not work, you can manually join this class by following these instructions:
1. Visit http://sheridan500.webex.com/
2. Find the meeting "Iron Condors in this volatile market Continued"
3. Click the "Join" button
4. Fill in your name, email address
5. Submit the form
------------------------------------------------

If you have any questions you'd like Dan to cover, please email Dan at dan@sheridanmentoring.com.

We hope you can attend this FREE event with Dan!

Regards,

 

Sheridan Options Mentoring
www.sheridanmentoring.com

 

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

To unsubscribe please visit:
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