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Webinar: Options Trading 201 - Spreads and strategies (Carley Garner)


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Webinar: Options Trading 201 - Spreads and strategies (Carley Garner)

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  #1 (permalink)
 Big Mike 
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Hi guys,

It is my pleasure to welcome back Carley Garner for another webinar on Trading Options, Monday, February 25th @ 4:30PM ET.

You can find her last webinar here:


Carley will be discussing more advanced techniques in this webinar, including spreads and strategies. Some bullet points for the webinar include:

- Short options to finance long options
- Selling options to provide room for error in futures positions
- Trading debit spreads - Adjusting bull call and bear put spreads with additional premium collection
- Trading examples with risk and break even analysis

There will also be an extensive Q&A during the webinar.

You can find Carley on her website:
- Commodity Broker Redefined

I will reply once registrations are open for the event.

Mike

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  #3 (permalink)
 Big Mike 
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Webinar registrations are now open:

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 Bermudan Option 
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Just saw the first video about two days ago. For those wondering, the general discussion/overview last time applies to stock options although she is definitely geared towards trading futures options. It will likely be the same this time around as well

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 dynoweb 
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Carley, I wanted to ask if you could cover strategies for handling vertical spreads that have gotten into trouble. For example, let's say AAPL is trading at 450, and before the price moved down to this level we sold a 465/475 March put spread (STO 475 March Put, BTO 465 March Put). So both sides are now in the money. I know it's possible to roll those into the next month and hope to wait for a higher price to close out the position, or sell Call spreads at 480/490 to offset the losses from the bull spread, but how do you determine the best course of action and are there other alternatives?

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 Big Mike 
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Webinar room open.

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 Big Mike 
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I want to thank Carley for her time today and answering everyone's questions.

I'll post the recording sometime tomorrow.

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 bnichols 
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Very much enjoyed another clear, concise and informative webinar by Ms Garner.

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 empty 
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Great webinar. Ill have to watch the recording at least two more times before I get it all. Thanks to Carley and Big Mike.

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 Big Mike 
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Tip


The recording for the webinar has been posted:

Webinar: Advanced Options Trading 201 - Carley Garner




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 Big Mike 
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What did everyone think of the webinar?

Mike

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 Bermudan Option 
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I'm waiting for the YouTube link to go up but it should be good

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 Big Mike 
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Bermudan Option View Post
I'm waiting for the YouTube link to go up but it should be good

There won't be one. futures.io (formerly BMT) only.

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 Cloudy 
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I thought it was an interesting nice take on options on futures. I was surprised the greeks weren't as emphasized, but it isn't as much either in the "selling options on futures" thread; I guess when you're going way out on positions and not trying to net shorter term on weeklies or up to 60-90 days. Not really teaching trading setups as much as education but still well done. Her brokerage may be competitive to ThinkOrSwim's options on futures where they only offer some futures to trade options on and the commissions are usually higher than average. (Although the ThinkOrSwim desktop's position analysis graphing features are hard to beat )

I recall the question about trading "pure" options. Maybe the guy meant single leg options used in swing trading or daytrading. For daytrading, basically one can just use a close-to, at-the-money strike of an expiration month or weekly single call or put option with a high delta (usually above .30) to make use of the transient leverage. Then trading it similar to a leveraged futures contract. And of course be flat before end of the day session. Vikings had a journal where he did that.

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 Bermudan Option 
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There won't be one. futures.io (formerly BMT) only.

Mike

Ahhh ok, I might take a look @ it a little later today. Thanks!

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 Bermudan Option 
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Interesting topic. Definitely makes me want to read up on Options a bit more.

One thing that I found interesting is that there was a lot more attention paid to credit spreads than debit spreads in general... likely because it is educational about Futures Options and Options on Futures are more expensive so debit spreads are often too expensive from a regular retail trader's perspective. THe presenter is definitely using the leverage in Futures in her trading strategy. I am not a big fan of credit ratio spreads on a futures contract to be honest though. I wouldn't say I am extremely risk averse but being naked a contract for 50 days (or the timeframe she suggests) would have me too anxious. That one black swan move and you are gonna be living out of cardboard box


Cloudy View Post
I recall the question about trading "pure" options. Maybe the guy meant single leg options used in swing trading or daytrading. For daytrading, basically one can just use a close-to, at-the-money strike of an expiration month or weekly single call or put option with a high delta (usually above .30) to make use of the transient leverage. Then trading it similar to a leveraged futures contract. And of course be flat before end of the day session. Vikings had a journal where he did that.

I just heard it. I think he was talking about having an option position with an actual Futures contract as a leg vs having pure options position with a synthetic leg

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 Big Mike 
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Carley now has an AMA thread located here:


Mike

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