Trading Credit Spreads and Iron Condors in a Volatile Market
Lightspeed customers can learn about credit spreads and iron condors with Dan Sheridan.
There are a few options strategies that active traders can use while trading – credit spreads and iron condors are two that we will be focusing on during this webinar. When trading options, a credit spread is when a high premium option is written, and a low premium option is bought on the same underlying security. On the other hand, an iron condor involves four different contracts that are typically out-of-the-money. During this webinar, Dan Sheridan from Sheridan Options Mentoring will break down the two.
Dan will address credit spreads and iron condors, you will learn:
- Why these trades are useful for income generation
- Which vehicles should you use for these trades
- Market indicators to help avoid extreme market conditions
- How to formulate a plan for these trades
- How to deal with these trades when the market goes against you
Dan Sheridan is the Founder and CEO of Sheridan Options Mentoring. He has over 25 years of experience trading options and educating traders worldwide.
Dan is a veteran CBOE market maker, who worked with the highly successful specialist firm Mercury Trading, headed up by Jon and Pete Najarian. While at Mercury, Dan was responsible for training most of the traders including Pete Najarian, one of the current hosts of CNBC’s Fast Money. Dan left the pits in 2004 and founded Sheridan Mentoring. He now teaches individual traders the techniques and methods he used every day to consistently profit in the options markets. Dan also teaches professional and retail traders through many additional channels: He hosted the weekly CBOE TV show, Options Safari at CBOE.com and he frequently does educational webinars for the CBOE and many brokers, as well as his new TV show called Sheridan TV, airing weekly at www.SheridanTV.com.
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