Sunday, January 31, 2010

Re: [TheOptionClub.com] Calendars and Iron Condors [1 Attachment]

 
[Attachment(s) from Leo included below]

Mike:

http://www.sheridanmentoring.com/index/method/c.events.html

I am not sure which one had the adjusting hints. Oh, wait I have the PDF (Guerilla Calendars)

Above are some links, not sure if it had this one.

Maybe others can add some other Dan Sheridan links on Condors and Calendars.

Also, please tell me what are your favorite Indexes for Calendars and Iron Condors and if you think tomorrow is to short a
time to first establish (20 days) a new Calendar or Iron Condor.

Leo

From: Mike Cleveland <mikeandjody1996@yahoo.com>
To: OptionClub@yahoogroups.com
Sent: Sun, January 31, 2010 5:01:11 PM
Subject: Re: [TheOptionClub.com] Calendars and Iron Condors

 

Would you have any URLs where we can view Dan Sheridan's adjustment video that you mention below?

From: leobusc <leobusc@yahoo. com>
To: OptionClub@yahoogro ups.com
Sent: Sun, January 31, 2010 2:54:51 PM
Subject: [TheOptionClub. com] Calendars and Iron Condors

 

I am thinking that I want to spend more of my efforts on Index Calendars and Index Iron Condors.

I have been watching as many of Dan Sheridan's videos (including the recent one on Option Club Thanks Chris)as I can find. So I know I have to be able to adjust on a timely basis.

For example Dan suggests a first adjustment on an Calendar when you are down 20% of your initial debit spread by replacing half of your calendars with calendars at the strike closest to the breakeven price.

It seems if I can remain disciplined this plan can work even in a volatile market.

My question are:

Do you prefer Calendars or Iron Condors, if you prefer one more than the other why?

What are your favorite indexes (SPY, SPX, RUT, DIA etc)and why?

Also, there are only 20 days left in February period would you play Feb or just wait a week and begin with a March Calendar?



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Attachment(s) from Leo

1 of 1 File(s)

Guerrilla.Calendars.pdf
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