I will be holding a seminar in San Diego, CA from June 13th – June 17th, 2016 (Monday – Friday) on how to trade Earnings and Weeklies using Debit Spreads. The strategies being discussed and trading are the Neutral Calendar Spread, the Double Neutral Calendar Spread (a synthetic Strangle), Reverse Iron Condor, and Straddles/Strangles.
The cost of the seminar is $799.00 and includes a three (3) month subscription to my Trading Forum (where all earnings and weekly trades are posted) and to my Skype chatroom.
These strategies are neutral-based in that there is no preference for a specific direction a stock moves post-earnings. I have been trading these for many years and have also taught many other traders how to use these profitable strategies.
The Neutral Calendar Spread in particular is a great strategy that can be placed at a minimal cost and brings a very high return on investment. This strategy takes advantage of high Implied Volatility (over-priced options), a lack of a big price move ( it still has wide break-even points), and time-decay. For whatever reason, this strategy is under-used by many traders. During the seminar, I will be teaching this strategy in-depth and what to look for when spotting potential trades. I will also show when it is best to avoid this strategy for earnings an earnings trade. The Neutral Calendar Spread also hold value very well even if the stock moves more than expected post-earnings. For those who cannot trade full-time, this strategy does not require a lot of time management, as companies report earnings either before the markets open or after they close, so it is very easy to set your price to close the trade out well ahead of the bell.
The Reverse Iron Condor is different than the Neutral Calendar Spread in that it does require a stock/security to to make a pre-determined price move, up or down. Choosing the right strike prices is crucial to the success of this strategy. Strike price increments available on a specific security are also very important when using this strategy. What I like about this strategy is it is a lot less expensive to place than the Straddle or Strangle and requires less movement. The potential gains are capped, however, and known at he time of placement. On the same hand, once the security moves past the required strike price(s) to gain maximum return on investment, it can immediately be closed out. I also like to trade this strategy with securities that have weekly options, such as Citigroup (C) and the SPDR Gold Shares (GLD), among others.
The Straddle and Strangle are strategies that require a large price move to profit. A Straddle is when you buy both call and put options with at-the-money strike prices. The Strangle is buying both calls and puts with out-of-the-money strike prices. The benefits of these strategies is that there is unlimited profit potential on the call side and a high profit potential on the put side. When accurately predicting a large price move on the Straddle or Strangle, the ROI can be very significant. The drawbacks of using these strategies is that they are generally a lot more expensive to place than the Neutral Calendar Spread or the Reverse Iron Condor. If you place a Straddle, for example, and the stock fails to move much post-earnings, you will be looking at a significant loss. This is why I prefer to buy longer term expiration dates to give the trade plenty of time to make the necessary move to profit in case it initially does not. While you will pay more for this time-value, I look at it as a security blanket. Using weekly options with the Straddle or Strangle is very risky. Another strategy I use is called the Double Neutral Calendar Spread, which is similar to the Strangle, but can be placed at a fraction of the price. It requires buying two (2) Neutral Calendar Spreads, a call side and a put side, both using out-of-the money strike prices. The strategy is very unique, and while there aren’t a lot of opportunities to trade it, when there are this strategy works great.
The seminar will go into great detail on all of these strategies and we will be trading them live. I guarantee you will leave the seminar with full knowledge on how to trade them successfully. After the seminar, you will have full access to the Trading Forum and my Skype chatroom where I answer any questions you may have throughout the day.
The seminar starts at 5:45 am Pacific Time on Monday, June 13th, 2016 and will meet each day throughout the week at the same time each morning until Friday, June 17, 2016. Each day, the seminar will last until 2:00 pm Pacific Time.. I will be catering breakfast Monday through Friday.
Once registered, I will promptly e-mail you a receipt of payment and for admission to the seminar.
The seminar will be held at the San Diego Convention Center:
111 West Harbor Drive, San Diego, CA 92101
If you have any questions, you can contact me anytime at firstname.lastname@example.org