Tuesday, July 12, 2011

Timing Butterfly Spreads - Trade Options Like a DPM Webinars #11: Butterfly Spreads

Timing Butterfly Spreads - Trade Options Like a DPM Webinars #11: Butterfly SpreadsSocialTwist Tell-a-Friend
The Admiral, a former CBOE Designated Primary Market Maker answers a question during the Q&A session about butterfly spreads. Successful application of butterfly spreads take advantage of market timing, which Fari Hamzei is known for. The Admiral and Fari Hamzei combine their expertise to show how to increase your odds of success with butterfly spreads.

This an excerpt from "Trade Options like a DPM Webinar #11: Butterfly Spreads" - http://www.hamzeianalytics.com/Educational_Webinars.asp



"BUTTERFLY SPREADS" OPTIONS WEBINAR DESCRIPTION (JUNE 29, 2010, 1800 CT)

An option strategy combining a bull and bear spread. It uses three strike prices. The lower two strike prices are used in the bull spread, and the higher strike price in the bear spread. Both puts and calls can be used.



ABOUT "THE ADMIRAL"

The featured speaker, whom we affectionately call "The Admiral," was a Designated Primary Market Maker (DPM) on the floor of the CBOE for five years. Although we're not using his real name (so don't ask!) suffice it to say that we consider him to be one of the most knowledgeable option traders on the planet. As a floor trader in the '80s and '90s he did the opening options rotation for 5-25 stocks the old-fashioned open outcry way—meaning he opened each option strike price for each of these stocks within the first 30 minutes of trading, both calls and puts.

That meant he had to price more than 500 option strikes, plus as a market maker he traded and kept the markets current. As a DPM, technology brought forth auto-quoting of option series, but pricing of those quotes remained his responsibility. Trading 1 million shares of stocks and 50,000 options contracts was a normal day for him. In 27 years at CBOE, he has traded through the crash of '87, the smaller crash of '90 and the tech bubble in 2000. He has traded three-digit volatility and seen every possible market environment imaginable. So, if you're going to learn options, it might as well be from the very best.

How Butterflies Behave - Trade Options Like a DPM Webinars #11: Butterfly Spreads

How Butterflies Behave - Trade Options Like a DPM Webinars #11: Butterfly SpreadsSocialTwist Tell-a-Friend
The Admiral, a former CBOE Designated Primary Market Maker explains in detail how the value of butterfly spreads as well as each leg of the spread may change as the stock price moves to or away from your target price. By understanding and anticipating how the butterfly spread may change, options traders will better know when to take profits, when and how to execute a butterfly spread, and what makes butterfly spreads one of the admiral's favorite options spread.



This an excerpt from "Trade Options like a DPM Webinar #11: Butterfly Spreads" - http://www.hamzeianalytics.com/Educational_Webinars.asp



"BUTTERFLY SPREADS" OPTIONS WEBINAR DESCRIPTION
(JUNE 29, 2010, 1800 CT)

An option strategy combining a bull and bear spread. It uses three strike prices. The lower two strike prices are used in the bull spread, and the higher strike price in the bear spread. Both puts and calls can be used.





ABOUT "THE ADMIRAL"

The featured speaker, whom we affectionately call "The Admiral," was a Designated Primary Market Maker (DPM) on the floor of the CBOE for five years. Although we're not using his real name (so don't ask!) suffice it to say that we consider him to be one of the most knowledgeable option traders on the planet. As a floor trader in the '80s and '90s he did the opening options rotation for 5-25 stocks the old-fashioned open outcry way—meaning he opened each option strike price for each of these stocks within the first 30 minutes of trading, both calls and puts.

That meant he had to price more than 500 option strikes, plus as a market maker he traded and kept the markets current. As a DPM, technology brought forth auto-quoting of option series, but pricing of those quotes remained his responsibility. Trading 1 million shares of stocks and 50,000 options contracts was a normal day for him. In 27 years at CBOE, he has traded through the crash of '87, the smaller crash of '90 and the tech bubble in 2000. He has traded three-digit volatility and seen every possible market environment imaginable. So, if you're going to learn options, it might as well be from the very best.

How to Trade Iron Butterfly - Trade Options Like a DPM Webinars #11: Butterfly Spreads

How to Trade Iron Butterfly - Trade Options Like a DPM Webinars #11: Butterfly SpreadsSocialTwist Tell-a-Friend
Learn how to trade an Iron Butterfly spread from The Admiral, a former CBOE Designated Primary Market Maker. Learn the key characteristics of iron butterfly spreads and how to structure a iron butterfly to target specific stock prices at a specific time using market timing. Understand the different scenarios a butterfly spread may encounter and how to plan your trade.

This an excerpt from "Trade Options like a DPM Webinar #11: Butterfly Spreads" - http://www.hamzeianalytics.com/Educational_Webinars.asp



"BUTTERFLY SPREADS" OPTIONS WEBINAR DESCRIPTION (JUNE 29, 2010, 1800 CT)

An option strategy combining a bull and bear spread. It uses three strike prices. The lower two strike prices are used in the bull spread, and the higher strike price in the bear spread. Both puts and calls can be used.



ABOUT "THE ADMIRAL"

The featured speaker, whom we affectionately call "The Admiral," was a Designated Primary Market Maker (DPM) on the floor of the CBOE for five years. Although we're not using his real name (so don't ask!) suffice it to say that we consider him to be one of the most knowledgeable option traders on the planet. As a floor trader in the '80s and '90s he did the opening options rotation for 5-25 stocks the old-fashioned open outcry way—meaning he opened each option strike price for each of these stocks within the first 30 minutes of trading, both calls and puts.

That meant he had to price more than 500 option strikes, plus as a market maker he traded and kept the markets current. As a DPM, technology brought forth auto-quoting of option series, but pricing of those quotes remained his responsibility. Trading 1 million shares of stocks and 50,000 options contracts was a normal day for him. In 27 years at CBOE, he has traded through the crash of '87, the smaller crash of '90 and the tech bubble in 2000. He has traded three-digit volatility and seen every possible market environment imaginable. So, if you're going to learn options, it might as well be from the very best.

Monday, July 11, 2011

Bullish Call Diagonals - Trade Options Like a DPM Webinars #10: Diagonal Spreads

Bullish Call Diagonals - Trade Options Like a DPM Webinars #10: Diagonal SpreadsSocialTwist Tell-a-Friend
Learn how to trade a bullish call diagonal spread from The Admiral, a former CBOE Designated Primary Market Maker. Learn the key characteristics of call diagonal spreads and how to structure a call diagonal when you have a bullish view about a stock. Understand the different scenarios an diagonal spread may encounter and how to plan your trade.

This an excerpt from "Trade Options like a DPM Webinar #10: Diagonal Spreads" - http://www.hamzeianalytics.com/Educational_Webinars.asp



"DIAGONAL SPREADS" OPTIONS WEBINAR DESCRIPTION (JUNE 8, 2010, 1800 CT)

An options strategy established by simultaneously entering into a long and short position in two options of the same type (two call options or two put options) but with different strike prices and expiration dates.




ABOUT "THE ADMIRAL"

The featured speaker, whom we affectionately call "The Admiral," was a Designated Primary Market Maker (DPM) on the floor of the CBOE for five years. Although we're not using his real name (so don't ask!) suffice it to say that we consider him to be one of the most knowledgeable option traders on the planet. As a floor trader in the '80s and '90s he did the opening options rotation for 5-25 stocks the old-fashioned open outcry way—meaning he opened each option strike price for each of these stocks within the first 30 minutes of trading, both calls and puts.

That meant he had to price more than 500 option strikes, plus as a market maker he traded and kept the markets current. As a DPM, technology brought forth auto-quoting of option series, but pricing of those quotes remained his responsibility. Trading 1 million shares of stocks and 50,000 options contracts was a normal day for him. In 27 years at CBOE, he has traded through the crash of '87, the smaller crash of '90 and the tech bubble in 2000. He has traded three-digit volatility and seen every possible market environment imaginable. So, if you're going to learn options, it might as well be from the very best.

Bearish Call Diagonals - Trade Options Like a DPM Webinars #10: Diagonal Spreads

Bearish Call Diagonals - Trade Options Like a DPM Webinars #10: Diagonal SpreadsSocialTwist Tell-a-Friend
http://www.hamzeianalytics.com/Educational_Webinars.asp - Learn how to trade a bearish call diagonal spread from The Admiral, a former CBOE Designated Primary Market Maker. Learn the key characteristics of call diagonal spreads and how to structure a call diagonal when you have a bearish view about a stock.

This an excerpt from "Trade Options like a DPM Webinar #10: Diagonal Spreads" - http://www.hamzeianalytics.com/Educational_Webinars.asp



"DIAGONAL SPREADS" OPTIONS WEBINAR DESCRIPTION
(JUNE 8, 2010, 1800 CT)

An options strategy established by simultaneously entering into a long and short position in two options of the same type (two call options or two put options) but with different strike prices and expiration dates.




ABOUT "THE ADMIRAL"

The featured speaker, whom we affectionately call "The Admiral," was a Designated Primary Market Maker (DPM) on the floor of the CBOE for five years. Although we're not using his real name (so don't ask!) suffice it to say that we consider him to be one of the most knowledgeable option traders on the planet. As a floor trader in the '80s and '90s he did the opening options rotation for 5-25 stocks the old-fashioned open outcry way—meaning he opened each option strike price for each of these stocks within the first 30 minutes of trading, both calls and puts.

That meant he had to price more than 500 option strikes, plus as a market maker he traded and kept the markets current. As a DPM, technology brought forth auto-quoting of option series, but pricing of those quotes remained his responsibility. Trading 1 million shares of stocks and 50,000 options contracts was a normal day for him. In 27 years at CBOE, he has traded through the crash of '87, the smaller crash of '90 and the tech bubble in 2000. He has traded three-digit volatility and seen every possible market environment imaginable. So, if you're going to learn options, it might as well be from the very best.

Assessing & Adjusting Diagonals - Trade Options Like a DPM Webinars #10: Diagonal Spreads

Assessing & Adjusting Diagonals - Trade Options Like a DPM Webinars #10: Diagonal SpreadsSocialTwist Tell-a-Friend
The challenge of trading option spreads is that option spreads can be so dynamic. As The Admiral, a former CBOE Designated Primary Market Maker, explains in this webinar, option traders have many angles to assess. Also, option traders have many opportunities if they know how to adjust option spreads to profit from changes in the market.

This an excerpt from "Trade Options like a DPM Webinar #10: Diagonal Spreads" - http://www.hamzeianalytics.com/Educational_Webinars.asp


"DIAGONAL SPREADS" OPTIONS WEBINAR DESCRIPTION (JUNE 8, 2010, 1800 CT)

An options strategy established by simultaneously entering into a long and short position in two options of the same type (two call options or two put options) but with different strike prices and expiration dates.





ABOUT "THE ADMIRAL"

The featured speaker, whom we affectionately call "The Admiral," was a Designated Primary Market Maker (DPM) on the floor of the CBOE for five years. Although we're not using his real name (so don't ask!) suffice it to say that we consider him to be one of the most knowledgeable option traders on the planet. As a floor trader in the '80s and '90s he did the opening options rotation for 5-25 stocks the old-fashioned open outcry way—meaning he opened each option strike price for each of these stocks within the first 30 minutes of trading, both calls and puts.

That meant he had to price more than 500 option strikes, plus as a market maker he traded and kept the markets current. As a DPM, technology brought forth auto-quoting of option series, but pricing of those quotes remained his responsibility. Trading 1 million shares of stocks and 50,000 options contracts was a normal day for him. In 27 years at CBOE, he has traded through the crash of '87, the smaller crash of '90 and the tech bubble in 2000. He has traded three-digit volatility and seen every possible market environment imaginable. So, if you're going to learn options, it might as well be from the very best.

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