Long Term Strategies for your Retirement Account
We just started a 5 week class that focuses on generating monthly income in your IRA and retirement account. I wanted this class to be different and really stretch your mind. I want you to learn to be flexible and have many tools in your toolbox of option strategies to choose from. Thinking Outside of the Box We will discuss a wide variety of suitable strategies and present ideas you probably haven't considered before. Our main focus will be on risk management and what to do with these positions when they move against you. You should have many ideas after this class of how to adjust your positions to reduce risk and create better opportunities for making a profit and not losing money. Anyone can make money if the trade goes your way right? It's how you handle your trades when they move against you that separates if you will make or lose money in the long run. Each class will go about 1-1/2 hours. You'll be getting almost 8 hours of extremely focused and useful information that you use forever. It's the difference between an advisory service giving you the fish versus learning to fish for yourself! Dan Sheridan |
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Dan Sheridan, 22 year CBOE Options Market Maker, taught professional PIT traders for years and now is going to teach you the same strategies and techniques used by professional traders for years! Covered Calls, Collars, Synthetic Covered Calls and Much Much More! Here's what's inside this new course:
Features
- Classes are recorded that you can download or watch with streaming video!
- You can access the recorded materials as long as we are in business!
- You can access any future live classes for this course!
Week 1: Introduction to Long Term Portfolio Management - Thu Jan 20, 2011
- Buy and Hold philosophy with stock. How has that worked in the past 10 years?
- Why should you buy options instead of stock?
- How are LEAPS a great stock surrogate?
- What happens if my stock declines? How can I manage my downside risk with options?
- How did covered call writers fare versus stock buyers in the last 10 years? We will discuss the CBOE Buy/Write Index
- Long Term Strategies Overview: Covered Calls, Married Puts, Cash Secured Puts, Collars, Diagonals (with and without LEAPS), Covered Straddles, Covered Strangles, Synthetic Covered Calls (with all options)
- How to select good long term vehicles? (Fundamentals and Technicals as well as Dan's Special 3-Step Process he uses)
Week 2 and 3: Strategies and Risk Management - Thu Jan 20 and Thu Feb 3, 2011
- We will be going over these strategies: Covered Calls, Married Puts, Cash Secured Puts, Collars, Diagonals (with and without LEAPS), Covered Straddles, Covered Strangles, Synthetic Covered Calls (with all options)
- Trading plans: Planning the trade and trading the plan
- What strikes to use and the tradeoffs for different strikes
- Comparisons of Profit and Loss Targets
- Covered Calls (ITM vs ATM vs OTM), Cash Secured Puts, Married Puts.
- We will show you the following for each strategy:
- Margin Considerations for IRA, Reg T and Portfolio Margin accounts
- What is your market opinion?
- What is your Volatility opinion?
- What is your Interest Rate opinion?
- What is your Dividend opinion?
- What is your Fundamentals and Technicals opinion?
- How and When to adjust each strategy on the upside and downside?
- What are the tradeoffs for each Long Term Strategy?
- How does this one strategy compare to other Long Term Strategies?
Week 4: Thinking Outside of the Box with your Retirement Account - Thu Feb 10, 2011
- Dan will show you how to use these additional strategies in your Retirement and Long Term portfolio:
- Long Term Calendars
- Butterflies
- Iron Condors
- Vertical Spreads (Debit and Credit Spreads)
Week 5: Portfolio Considerations - Thu Feb 17, 2011
- How to hedge your portfolio for the downside!
- Beta Weighting
- Execution
- Broker Requirements
- Margin
- Tools and Resources
- Tax considerations
- We'll answer any remaining questions you have