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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Sheridan Options Mentoring Blog

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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

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

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

---

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

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

Sheridan Options Mentoring Blog

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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/ .

You are subscribed to email updates from Sheridan Options Mentoring Blog To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
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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
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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:
http://www.sheridanmentoring.com/index/method/c.unsubscribe/emailaddr/markrschultze.tset@blogger.com.html