In this class, Dan Sheridan shares with you how he constructs, trades, and manages Credit Spread Trades for Income.
This was an actual live class that met twice a week for 2 weeks. Upon purchase, an email will be sent containing login credentials needed to access the class page. Purchasing access to a class gives access to all class recordings as well as trade updates, PDF’s, and PowerPoints. Any questions? Email us at info@Sheridanmentoring.com
- You are welcome to email questions directly to Dan or another mentor outside of the class time.
- You will have full access to each recording for at least 6 months.
- All fees for online classes are deductible towards our GOLD Mentoring Program ($1000 limit)
Detailed Class Content
Class #1 Annotation: Foundational Issues for Credit Spreads
0- Intro, Class Schedule and Class Outline
1-11:35- Complete Options Portfolio
35:40- Overall Plan for $20,000 Credit Spread Portfolio
44:50- Analysis of SPX Price Action
48:30- Long Portfolio: 9 Day SPX Put Credit Spread
55:30- Long Portfolio: 30 Day SPX Put Credit Spread
57:10- Difference between SPX 20 Delta Call and 20 Delta Put?
58:55- ATM versus OTM Vega for Credit Spreads?
1:06:00- Best to do 10, 20, or 30 Delta Credit Spread?
1:10:60- Analyzing IV Levels for Width Determination of Credit Spreads
Class #2 Annotation: 13 Credit Spread Adjustments and 4 Step Risk Management Process
3:40- Credit Spread Example
10:55- Credit Spread Set up- Step 1
13:00- Profit and Loss and Max Loss Targets- Step 2
18:20- When to Adjust- Step 3
24:25- How to Adjust- Step 4 Thirteen Different Adjustments!
1:13:35- Adjustment Differences between Short term and Long Term Duration Trades
Class #3 Annotation: Misc Credit Spread Topics
10:15- Today’s Outline
13:04- Which Credit Spread Methodology should you do?
18:07- Review of Credit Spread Plan
20:15- Best Width for Credit Spreads?
32:25- Credit Spread with a Slight Hedge?
35:35- Best Vehicle for Credit Spreads?
36:55- ATM Credit Spreads
46:00- ATM Versus OTM Credit Spreads?
46:45- Managing Multiple Credit Spreads by buying in a short Put
49:10- Live Credit Spread Trade and 4 Step Risk Management Plan
Class #4 Annotation: Jay Bailey’s Directional Credit Spread System
Important Notice — Course Materials Disclaimer
The course offering can change at any time at Sheridan Options Mentoring’s Discretion. Any changes to this Educational Program will be posted on the web site, which will serve as notification of any changes. Dan Sheridan’s classes are for Educational purposes only. We are not an advisory service, nor do we guarantee any kind of return on investment. Sheridan Mentoring does not offer refunds on online class purchases.
Important Notice — Risk Disclaimer
Futures & Stock options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and stock options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to buy or sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The pas performance of any stock option trading system or methodology is not necessarily indicative of future results.
Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual stock option trading. Also, since the option trades have not actually been executed, the results may have under- or over- compensated for the impact, if any, certain market factors, such as lack of liquidity. Simulated stock option trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.