Sheridan Options Mentoring Blog

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Art of Monthly Income Trading — April 23, 2012 Posted: 24 Apr 2012 02:07 PM PDT Dan taught a class on the “Art of Monthly Income Trading” yesterday, April 23, 2012. Watch the video here and download the PowerPoint Slides RUT Iron Condor

Options Safari: CL Diagonal and WFM Directional Butterfly Posted: 24 Apr 2012 01:24 PM PDT Dan’s two shows for CBOE TV Options Safari this week are: CL Diagonal…or a covered call without stock WFM Whole Foods directional butterfly  Download the Presentation Slides here CL Diagonal, or Covered Call without Stock WFM Directional Butterfly Join our free public forums at http://forums.sheridanmentoring.com.

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Video Replay is Ready for You...

Dan had a webinar yesterday on the Art of Monthly Income Trading.

The video replay is ready for you to watch at

==>  http://info.sheridanmentoring.com/download-12-4-23-y2/

We hope you enjoy the webinar!

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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Join Dan Sheridan TOMORROW at 1:00 PM Central...

Join Dan for a FREE webinar TOMORROW at 1:00 PM Central (Chicago) Time:

Art of Monthly Income Trading

These are the details for joining the live class:
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Art of Monthly Income Trading

https://sheridan500.webex.com/sheridan500/onstage/g.php?t=a&d=660801373

Monday, April 23, 2012 1:00 pm Central Daylight Time (Chicago, GMT-05:00)

Event number: 660 801 373

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 "Art of Monthly Income Trading"
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 event.

Regards,

Sheridan Options Mentoring
www.sheridanmentoring.com
Telephone: 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

ThinkOrSwim Chat Today and Free webinar next Monday...

Dan is going to be on the ThinkOrSwim chat at 3:15 PM Central (Chicago) Time TODAY!

Dan is teaching a FREE webinar next Monday, April 23rd at 1:00 PM Central talking about "The Art of Monthly Income."   Please register for Next Monday's webinar at

==> http://www.sheridanmentoring.com/x/K2DQ

Enjoy today's TOS live chat at 3:15 PM Central and we hope to see you next Monday, April 23rd at 1:00 PM Central (Chicago) Time.

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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Options Safari: RUT Iron Condor and MSFT Guerrilla Calendar Posted: 17 Apr 2012 01:47 PM PDT Dan’s two shows for CBOE TV Options Safari this week are: RUT Iron Condor MSFT Guerrilla Calendar Spread  Download the Presentation Slides here RUT Iron Condor MSFT Guerrilla Calendar Join our free public forums at http://forums.sheridanmentoring.com.

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Two Hot Dogs, Italian Beef and a Side of Options....

See why our Live Interactive Options Education is the Best in the Business and how it can benefit You!

Sign up below for a behind-the-scenes walk through of our mentoring programs and community.

We hope to see you in a walk through to show you the best value in option training!

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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Options Safari: GOOG Earnings Iron Condor & APPL Bearish Butterfly Posted: 04 Apr 2012 08:40 AM PDT Dan’s two shows for CBOE TV Options Safari this week are: MCD Bullish Diagonal Spread FXE FXE Bearish Diagonal Tom suggested  Download the Presentation Slides here MCD Bullish Diagonal Spread FXE Bearish Diagonal Join our free public forums at http://forums.sheridanmentoring.com.

Option Synthetics Quiz Answers Posted: 03 Apr 2012 09:54 AM PDT Quiz Answer How did you do taking the quiz on Option Synthetics? In case you want a refresher, here’s an article I wrote about them that is a good summary: What everybody ought to know about Option Synthetics. We can use an easy equation to remember the synthetic relationships: C = U + P The relationships can be summarized in this short table: 1. Long Call = Long Stock + Long Put (C = U + P) 2. Short Call = Short Stock + Short Put (-C = -U – P) 3. Long Put = Long Call + Short Stock (P = C – U) 4. Short Put = Short Call + Long Stock (-P = -C + U) 5. Long Stock = Long Call + Short Put (U = C – P) 6. Short Stock = Short Call + Long Put (-U = -C + P) Armed with this information, let’s go through the quiz: 1. How would you create a synthetic SHORT CALL? That’s #2 on our summary: Short Stock + Short Put 2. How would you create synthetic LONG STOCK? That’s #5 on our summary: Long Call + Short Put 3. How would you create a synthetic LONG PUT? That’s #3 on our summary: Long Call + Short Stock 4. How would you hedge an out-of-the-money SHORT CALL with a synthetic position? To completely hedge the position, use a synthetic LONG CALL at the same strike as your SHORT CALL. Buy LONG STOCK and a LONG PUT at the same strike as your SHORT CALL. You now have zero risk and are perfectly hedged. 5. If your underlying is near your upside expiration on a butterfly trade, how would you reduce your delta risk with a synthetic position? If you are near the upside expiration of a butterfly, you have negative Deltas. New need to crease your deltas. Positive delta synthetics are #1, #4 and #5 on our summary list above. Any of them should give you more positive delta. If you need a fine adjustment, use #1 or #4 as #5 (Long Stock) is +100 deltas, which might be too much, depending on your butterfly size. 6. How can you completely neutralize a 100/110 call credit spread with puts? Create a box spread. The 100/110 call credit spread is +1 100C and -1 110C. If you add -1 100P and +1 110P you would have synthetic Long stock at 100 and synthetic Short stock at 110. This position has zero risk. 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? To lock in the $25 profit, you just need to add a synthetic short future with futures options: -1 125C and +1 125P should give you a synthetic short future contract, which will neutralize your long future. I hope you enjoyed the quiz. It’s good to know these relationships and practice from time-to-time with a quiz like this!

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