My Option Trader: March 2012

Saturday, March 31, 2012

Sheridan Options Mentoring Blog

Posted: 30 Mar 2012 10:06 AM PDT

Option Synthetic Quiz

A friend was taking an exam to get Customer Portfolio Margin for his option trading account recently. He showed me the exam and I noticed that 20% of the exam were questions about option synthetics! If it’s that important to an option broker, it should be important to us.

My two youngest children attend the German school system. There are no multiple-choice exams: they are all essay questions. You have to show your work. Let’s do the same thing.

Write down your answers for each question.
Explain WHY the answer is what you say it is. Don’t just say, ___ . Show your work…you’ll learn a lot more. This is an open book exam since I can’t watch you, but try to answer the questions without looking anything up. You’ll get more out of it.

Here we go

1. How would you create a synthetic SHORT CALL?

2. How would you create synthetic LONG STOCK?

3. How would you create a synthetic LONG PUT?

4. How would you hedge an out-of-the-money SHORT CALL with a synthetic position?

5. If your underlying is near your upside expiration on a butterfly trade, how would you reduce your delta risk with a synthetic position?

6. How can you completely neutralize a 100/110 call credit spread with puts?

7. You are long a futures contract at $100. The contract is now at $125. How can you lock in the $25 profit without selling the futures contract over the weekend with a synthetic option position?

Good luck with the quiz! I’ll post the answers next week.

Wednesday, March 21, 2012

Dan Goes Fishing for Trades TOMORROW!

Dan Sheridan is going Fishing for Trades at 2:00 PM Central (Chicago) Time.

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

Dan Goes Fishing for trades

https://sheridan500.webex.com/sheridan500/onstage/g.php?t=a&d=660555756

Thursday, March 22, 2012 2:00 pm Central Daylight Time (Chicago, GMT-05:00)

Event number: 660 555 756

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 "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 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

Monday, March 19, 2012

Dan Goes Fishing for Trades - THURSDAY at 2:00 PM Central

Join Dan Sheridan on Thursday as he goes Fishing For Trades. Dan will explore some trade ideas in the current market environment.

These are the details for joining Dan LIVE on Thursday:
------------------------------------------------

Dan Goes Fishing for trades

https://sheridan500.webex.com/sheridan500/onstage/g.php?t=a&d=660555756

Thursday, March 22, 2012 2:00 pm Central Daylight Time (Chicago, GMT-05:00)

Event number: 660 555 756

We hope you can attend this FREE event.

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

CBOE Calendar Spread Seminar with Dan Sheridan...

Come and see six top option experts as they share how they bring in monthly income with Calendar spreads and strategies for your retirement account. The seminar will be on April 12th, 2012, all-day, at the Hilton Scottsdale Resort & Villas in Scottsdale, Arizona.

Dan Sheridan
Dan is a veteran CBOE trader for 23-years and the host of Options Safari on CBOE TV. Dan will do two sessions during the day. The first session is on Calendar Spreads and how Dan manages them on a monthly basis. The second session Dan will focus on is how to trade Diagonals (covered calls without stock). Both sessions will include specific adjustments Dan uses when these trades go against him.

Marty Kearney
Marty is a veteran CBOE trader and instructor at the Options Institute. Marty will address one of his favorite strategies for his retirement account: The Ratio Put Spread.

Himanshu Raval
Himanshu is one of the best retail Calendar Spread traders Dan Sheridan has ever seen. He will share the methodology he has used successfully for over 10 years.

Jim Riggio
Founder and Managing Member of Highland Financial Group, Jim will share specific examples of retirement strategies he uses successfully for customers.

Mark Fenton
Mark is a successful retail option trader and a senior instructor for Sheridan Options Mentoring. Mark will talk about the successful methodology he uses in trading the Calendar Spread for monthly income.

Ralph Pugmire
Ralph has been a successful retail trader for almost a decade. He shares the step-by-step plan he uses for trading cash secured puts for monthly income in his retirement account.

The price is normally $595 - Your price is only $475 if you register before April 2nd, 2012!

You get 150+ page manual of the presentations.

We are filming the entire 9-hour event and you will get a free copy.

Included in the cost: breakfast, lunch, and beverages during the day.

Come hear and talk to six expert Calendar Spread craftsmen.

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

Monday, March 12, 2012

New CBOE Seminar with Dan Sheridan...

Come and see 6 top option experts as they share how they bring in monthly income with Calendar spreads and strategies for your retirement account. The seminar will be on April 12th, 2012, all-day, at the Hilton Scottsdale Resort & Villas in Scottsdale, Arizona.

Marty Kearney
Marty is a veteran CBOE trader and instructor at the Options Institute. Marty will address one of his favorite strategies for his retirement account: The Ratio Put Spread.

Himanshu Raval
Himanshu is one of the best retail Calendar Spread traders Dan Sheridan has ever seen. He will share the methodology he has used successfully for over 10 years.

Jim Riggio
Founder and Managing Member of Highland Financial Group, Jim will share specific examples of retirement strategies he uses successfully for customers.

Ralph Pugmire
Ralph has been a successful retail trader for almost a decade. He shares the step-by-step plan he uses for trading cash secured puts for monthly income in his retirement account.

The price is normally $595 - Your price is only $475 if you register before April 2nd, 2012!

What's Included in the price:
The seminar fee includes 150+ page manual of the presentations, we are filming the entire 9-hour event and you will get a free copy. Included in the cost, breakfast, lunch, and beverages during the day. 6 expert craftsmen in the field.

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, March 8, 2012

Q&A about The Art of Income Trading Class with Dan

We had a few questions about the Learning the Art of Income Trading class yesterday:

Do I have to open a new TradeMONSTER account before the class starts to get the discount?

No. You can open and fund your account any time during the six-week class.

What if I don't want a new TradeMONSTER account?

You don't have to have a TradeMONSTER account. You would just pay the normal class price of $599.

Do I have to fund the TradeMONSTER account or just open it?

You have to fund the account with at least $2000 to get the $300 discount. If you already have a funded account, you just add $5000 more and you can get the $300 discount.

When do i get the TradeMONSTER discount?

After the six-week class is finished, Sheridan Options Mentoring will refund your credit card for the $300 discount.

What do I pay now for the class and how?

The class is $599. Please go to this page and click the "Buy Now" button:

==> http://www.sheridanmentoring.com/x/LTA

I work during the live sessions, is it recorded?

Yes! All classes are recorded and available for you on the class web page. Each class has:

- The WebEx ARF file, which includes the voice, video and chat

- An MP3 audio file of the class

- An MP4 video file you can download or watch as a streaming video

- A link to an unlisted YouTube.com video of each class so you can watch the classes on your mobile devices.

- A PDF file of any presentation slides or hand outs

If I watch the archive sessions can i still ask questions?

Yes. There is a "Ask Dan a question" form on the class web page. This sends your question into a special folder in Dan's personal email to keep the class questions all together. Dan will review the questions and answer them in the next class.

Can I buy the ONE software after the 6 week trial is over?

Yes. You can purchase a 12-month subscription to OptionNET Explorer software for 500 GBP (about $800 USD). This offer is NOT available to the general public. All historical option data for back testing is included. There are no other fees for OptionNET Explorer.

I you have any other questions or you would like to sign up, please call us today at 800-288-9341.

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, March 7, 2012

Learning the Art of Income Trading - Video Ready for you to watch

Dan Sheridan had the first class today of his new class "Learning the Art of Income Trading".

Watch the video of today's class and download the PowerPoint slides at

==> http://www.sheridanmentoring.com/x/artvideo

We hope you enjoy the recording.

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

Dan's Classroom is OPEN NOW!!

The Classroom for Dan Sheridan's new class is OPEN NOW! Class starts at 1:00 PM Central (Chicago) Time, but we have more people registered than our room can hold. If you want to guarantee a seat, join the meeting now!!

Learning the Art of Income Trading

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

https://sheridan500.webex.com/sheridan500/onstage/g.php?t=a&d=663759876

Wednesday, March 7, 2012 1:00 pm Central Standard Time (Chicago, GMT-06:00)

Event number: 663 759 876

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 "Learning The Art of Income Trading"
3. Click the "Join" button
4. Fill in your name, email address
5. Submit the form
------------------------------------------------

We hope you can Join this class NOW!

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

Tuesday, March 6, 2012

Free Class Tomorrow at 1:00 PM Central

Dan Sheridan is teaching a new class TOMORROW at 1:00 PM Central (Chicago) Time. The class is:

Learning the Art of Income Trading

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

https://sheridan500.webex.com/sheridan500/onstage/g.php?t=a&d=663759876

Wednesday, March 7, 2012 1:00 pm Central Standard Time (Chicago, GMT-06:00)

Event number: 663 759 876

We hope you can attend this FREE event.

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

Monday, March 5, 2012

Dan Sheridan invites you to a Free Class on Wed!

Dan Sheridan is starting a new class on Wed at 1:00 PM Central:

Learning the Art of Income Trading

Please register for this FREE class at

==> http://www.sheridanmentoring.com/x/art2

We hope to see you on Wednesday at 1:00 PM Central!

Regards,

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

PS: Students of this class get OptionNET Explorer software during the class!
Register now at http://www.sheridanmentoring.com/x/art2

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

Pages

Saturday, March 31, 2012

Wednesday, March 21, 2012

Dan Goes Fishing for trades

Monday, March 19, 2012

Dan Goes Fishing for trades

Monday, March 12, 2012

Thursday, March 8, 2012

Wednesday, March 7, 2012

Tuesday, March 6, 2012

Monday, March 5, 2012