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    2011oct17 Foundations Class One

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    Mario Javier Pakgoiz

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    2011oct17 Foundations Class One

    Uploaded by

    Mario Javier Pakgoiz
    94 views11 pages

    Original Title

    2011Oct17 Foundations Class One

    Copyright

    © Attribution Non-Commercial (BY-NC)

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    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    94 views11 pages

    2011oct17 Foundations Class One

    Uploaded by

    Mario Javier Pakgoiz

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 11

    Dan Sheridan

    Option Foundations Class One


    Sheridan Options Mentoring, Inc. www.SheridanMentoring.com

    Disclaimer
    Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options. Copies are available from your broker, by calling 1-888-OPTIONS, or from The Options Clearing Corporation at www.theocc.com. The information in this presentation is provided solely for general education and information purposes. Any strategies discussed, including examples using actual securities and price data, are strictly for illustrative and educational purposes. In order to simplify the computations, commissions and other transaction costs have not been included in the examples used in this presentation. Such costs will impact the outcome of the stock and options transactions and should be considered. Multiple leg strategies involve multiple commission charges. Investors should consult their tax advisor about any potential tax consequences. No statement within the presentation should be construed as a recommendation to buy or sell a security or to provide investment advice. Supporting documentation for any claims, statistics, or other technical data is available from Sheridan Options Mentoring at www.sheridanoptionsmentoring.com. Chicago Board Options Exchange, Incorporated (CBOE) is not affiliated with Sheridan Options Mentoring or OptionNet. This presentation should not be construed as an endorsement or an indication by CBOE of the value of any non-CBOE product or service described in this presentation.

    @ Copyright 2010. All rights reserved.

    Page 2

    Download The Presentation Slides!


    You can download the slides here:
    http://www.SheridanMentoring.com

    /x/K18

    +1-630-835-4691 dan@SheridanMentoring.com

    @ Copyright 2010. All rights reserved.

    Page 3

    Foundations Class Outline $497

    Week 1 ( Free) Foundational Concepts, the Greeks and Live execution Week 2 Week 3 Intro to Spreads and adjustments Volatility

    Week 4 Credit Spreads and Iron Condors Week 5 Calendars Week 6 Butterflies Week 7 Long Term Strategies

    @ Copyright 2010. All rights reserved.

    Page 4

    Foundations Class $497 Class Dates


    Week 1 ( FREE) Mon and Fri Oct 17 and Oct 21 Week 2 Monday Oct 24 Week 3 Monday Oct 31 Week 4 Monday Nov 7 Week 5 Monday Nov 14 Week 6 Monday Nov 21 Week 7 Monday Nov 28 All classes are recorded and archived for you

    @ Copyright 2010. All rights reserved.

    Page 5

    Todays Outline

    Big picture perspective- Complete Options Portfolio? Where is the edge to this Business? Standard Deviations and Time Decay? What is the key to winning? Risk Management Foundational concepts? Picking a Broker and live trade execution? The Greeks with examples?

    @ Copyright 2010. All rights reserved.

    Page 6

    Portfolio Plan

    Income Strategies

    Speculative Strategies

    Long Term Strategies

    @ Copyright 2010. All rights reserved.

    Page 7

    Portfolio Plan

    Calendar Spreads Double Calendar Spreads Double Diagonals ATM Butterflies Condors
    Collars LEAPS Covered Writes/Straddles Long Stock Long Term Calendars

    Long Calls/Puts, Diagonal Spreads OTM Butterflies Vertical Spreads Directional Calendars Long Straddles

    @ Copyright 2010. All rights reserved.

    Page 8

    Key to Consistency

    January $500 February $500 March April May June July August $300 - $800 $500 $500 -700 $400

    September $ -1000 October $500

    November $300 December $500 Net profits for 12 months = $1500 (30%) capital $5000 target 10% ($500)

    @ Copyright 2010. All rights reserved.

    Page 9

    Standard Deviations
    Dans Short Cuts
    Time 1 Day 1 Week 2 Weeks 17 Days 31 days Divide by 19.112 7.223 5.108 4.635 3.433 Multiply by 0.05232 0.13844 0.19578 0.21574 0.29133

    $160 Stock with 16% IV


    Time 26 Days 54 days 1 SD $6.83 $9.84 Range $153.17 - $166.83 $150.16 - $169.84

    Use our FREE Standard Deviation Calculator http://www.sheridanmentoring.com/x/sigma


    @ Copyright 2010. All rights reserved.

    Page 10

    Dan Sheridan
    +1-630-835-4691 dan@SheridanMentoring.com

    Sheridan Options Mentoring, Inc.


    http://www.SheridanMentoring.com/

    @ Copyright 2010. All rights reserved.

    Page 11

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