Master Calendar Spreads with this live trade on Gold (GLD)

Calendar spreads (aka "Time Spreads" or "Horizontal Spreads") are an effective Time decay and non-directional strategy.
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402 students enrolled
Instructed by Hari Swaminathan Business / Finance
$60
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  • Lectures 6
  • Contents Video: 1 hour
  • Skill Level Expert Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 3/2013 English

Course Description

MASTER CALENDAR SPREADS

Calendars Spreads are popular trades and come under the category of Time spreads. In a Calendar spread, we sell the front month Option series and buy the back month Option. The Calendar is generally constructed at the money, however, you can create bullish or bearish variations. It starts out as a delta neutral but can quickly move into a biased position. The Calendar is also one of the few strategies that is a Theta positive and a Vega positive trade. Because it is Vega positive, your Calendar will do better if Volatility increases after you put the trade on. The primary method of profit in Calendar Spread Strategy is to take advantage of a higher level of time decay in the front month. We put a Calendar trade on the GLD, and this quickly turns into a Double Calendar when price moves too much in one direction. In fact, this trade is an absolute roller-coaster and you will learn a very valuable lesson - Don't give up on your losers. If you simply close your losers and move on to the next trade, you will make the same mistakes and lose again. Fight your losers and turn them back into a break-even and you would have never felt better with a trade.

What you can expect

  • Why is the Calendar spread trade a unique trade in the Options playbook
  • How do we conceptualize Options from two different expiry series
  • What does Vega positive and Theta positive mean
  • What danger points should we watch for in Calendars
  • What are the popular adjustments for Calendars
  • Why can a Calendar sometimes become a directional position
  • Why are time spreads a little hard to adjust
  • What is the first and simplest adjustment to a Calendar Spread Strategy
  • What are the advantages of a double calendar
  • How should we deal with a trade in serious trouble
  • Why are exact profit and loss calculations difficult to calculate

What are the requirements?

  • Option basics - Long and short Options
  • Dynamics of different expiry series
  • Thorough understanding of the Option Greeks

What am I going to get from this course?

  • Master the art of putting on Calendar spreads
  • Learn why Calendar spreads are unique with its Greeks
  • When does the Calendar spread get into trouble
  • This is the toughest calendar spread trade that we put on the Gold ETF (GLD). Learn how this trade was managed
  • How you can turn losing trades into winners

What is the target audience?

  • This is an advanced strategy, and you must know single Options and spreads
  • If you want to make consistent income with Calendar spreads
  • Learn to adjust Calendar spreads like a professional

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction
06:06
An introduction to the Calendar trade, which is also called a "Time spread" or a "Horizontal spread".
06:30
What are the characteristics of Calendars, and Time spreads in general. Time spreads have one very unique characteristic that is different from all other spreads.
Section 2: Calendar trade setup on the Gold ETF (GLD)
16:41
The Calendar trade setup on the Gold ETF GLD. "All is calm before the storm".
Section 3: Calendar converted into a Double Calendar
17:40
Macro factors from Europe rock this trade almost from the get-go. This is a major roller-coaster ride.
17:27
Is there any hope for this trade ? Find out the amazing ending
05:44
If you "CLOSE YOUR LOSERS, AND MOVE ON TO THE NEXT TRADE, YOU WILL LOSE AGAIN". Don't run from Losers, stay there and learn to fight it out. Even if you can only come back to break-even, that's fine. But once you turn a loser into a break-even trade or even a small profit, that's when you have really learnt something !
Calendar Spreads Quiz
6 questions

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Instructor Biography

Hari Swaminathan, Options and Financial markets expert, Trader and Investor

Knowledge. Strategy. Execution.

Hari Swaminathan is the founder of OptionTiger, a cutting-edge Options education and trading company based in Washington D.C.. Hari is an entrepreneur, everyday person and a self-taught Options expert for over 8 years. Hari has a Bachelors degree in Engineering from India, and MBA degrees from Columbia University in NYC and London Business School in the U.K

More than ever, its become important for everyday people to take control of their financial situation, and create additional income in a smart, risk-controlled manner. This is precisely my mission. Through knowledge, education and investment discipline. Options are powerful, but they have a learning curve. I've broken down all the complexities of Options in simple language that everyone can understand. The courseware uses real trade examples, always highlighting the pluses and minuses of every investment situation. Options provide the best way to take advantage of bull cycles, bear cycles and everything in between.

As someone that has self-learnt Options and through making mistakes, I can tell you Options trading is not something you should take lightly. You will hear people talking of fantastic triple and quadruple digit returns. I'm here to be brutally honest with you - 

- Be very very careful in the first 12 months of Options trading. 

- This is when everyone is the most vulnerable to losing money. 

- Your main objective during this time is to focus on learning this craft and not lose money during this time. 

Having said that, if you can get past the first 12 months and acquire the expertise in a systematic manner, true financial independence awaits. Options are a mathematical and strategic game much like Chess, and no amount of technological advances can make this skill obsolete, because the fundamentals of Options are never going to change. 

You can trade Options from anywhere in the world, regardless of how old you are. You never have to worry about job security any more because you have a skill that can produce consistent wealth month after month. 

But you have some serious but exciting work to do before you can get there, and I'm here to help you in this journey. 

Watch my Free Course for Options Trading Beginners where I draw out a detailed roadmap of what this 12-month journey looks like, and the specific strategies you should master during each step of this learning process. 

Watch my Free Mini-courses or my YouTube channel , all of which have the highest quality of education material. 

And join me in my UDemy courses, where I share cutting-edge theoretical knowledge mixed with practical insights, strategy and impeccable execution through live trading examples. 

If you have any questions at any time, please feel free to message me on Udemy.

The order to follow on my Udemy courses

Comprehensive guide to Financial Markets, Investing and Trading

Options Trading Beginners Bundle (3-course Bundle)

Advanced Options Concepts

Options spreads and credit spreads Bundle

Technical analysis and Chart reading Bundle

After this, the order does not matter. You can take any of the courses as per your interest.

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