Dan Sheridan – Credit Spread Trading In 2018
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.
- 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