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
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