Great content from one of the Big Names in the option industry. Thanks!
@giantessmaria
Ай бұрын
thanks, this is fascinating stuff! sadly i have never gotten into the options game and know almost nothing about it. i've traded for a few years now and i'm realizing its a big edge to know about options and gamma and the over all state of the options market to help determine market direction. Any suggestions for options for dummies like me, looking to start learning from the beginning? thanks!
@abr2926
Ай бұрын
With the economic news moving markets around, for how long would you be holding these Thursday calendars?
@sheridanriskmanagement
Ай бұрын
Usually out of 15 day Calendars that I put on Thursday, by Monday, Tuesday at the latest.
@xyz9250
Ай бұрын
Didn't quite get the timing of entry/exit of your strategy, and why buy the Tuesday if you could get Monday with the similar VIX skew. Say if you are opening it on monday, shorting the friday expiration, and long the following tuesday. Do you intend to close it on or before expiration day Friday? or do you intend to roll the short to monday?
@sheridanriskmanagement
Ай бұрын
Usually in 4 Day SPX Calendars put on Monday for 1-2 Days.Only Time on Monday, I sell Friday and buy Tuesday for a short term Calendar, is if Monday is a Holiday.
@xyz9250
Ай бұрын
@@sheridanriskmanagement Thanks for the reply, but still not 100% sure for the 2nd half of your reply. could you please clarify if my understanding is correct? assume the following monday is not a holiday, do you typically put the calendar on the monday, short the friday's option and long the following monday option?
@sheridanriskmanagement
Ай бұрын
@@xyz9250 If I am doing a 4 Day Calendar or Double Calendar put on Monday, I usually Sell Friday expiration 4 days away and Buy Monday Expiration, 7 Days away. Depending on Upcoming News events, I might tweak the duration of either my short or Long Option.We do Calendars of different durations, and this is just an example of 4 Day Calendar that we employ.
@xyz9250
Ай бұрын
@@sheridanriskmanagement Thank you so much for the details! Your point of IV increase on monday is very helpful, and it makes sense to put on the spread on monday instead of friday. subscribed to your channel.
Пікірлер: 9