Test of Screenr -- SP1_momo Chart

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Options Backspread Basics: Put Ratio Backspread | Options Like a DPM Webinars #7

Tweet Options Backspread Basics: Put Ratio Backspread | Options Like a DPM Webinars #7

Next webinar: "Ratio Spreads" December 7, 2010 at 1800 CT. Register at http://hamzeianalytics.com/pow_register.asp

http://hamzeianalytics.com/pow_regist... - The Admiral, a former CBOE Designated Primary Market Maker, shows how to design a put ratio backspread for a stock that one believes has a potential for a big decline. To take it a step further, once the put ratio backspread is constructed, the Admiral goes through an exercise of changing the expected implied volatility to see how the backspread may perform in different volatility environments. The example stock used is Verizon (VZ)

This an excerpt from "Trade Options like a DPM Webinar #7: Backspreads" -http://hamzeianalytics.com/pow_regist...


"BACKSPREADS" OPTIONS WEBINAR DESCRIPTION (NOVEMBER 11, 2010, 1800 CT)

A type of options spread in which a trader holds more long positions than short positions. The premium collected from the sale of the short option is used to help finance the purchase of the long options. This type of spread enables the trader to have significant exposure to expected moves in the underlying asset while limiting the amount of loss in the event prices do not move in the direction the trader had hoped for. This spread can be created using either call options or put options.



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.

Options Backspread Basics: Call Ratio Backspread | Options Like a DPM Webinars #7

Tweet Options Backspread Basics: Call Ratio Backspread | Options Like a DPM Webinars #7

Next webinar is December 7, 2010 at 1800 CT. Register at http://hamzeianalytics.com/pow_register.asp

http://hamzeianalytics.com/pow_regist... - The Admiral, a former CBOE Designated Primary Market Maker, kicks off his 2-hr long options education class on Backspreads by explaining how to construct a Call Ratio Backspread. The Admiral explains why each leg is put on to form the backspread. The Admiral walks through the logic and considerations of how price and especially volatility changes will affect the performance of the backspread. The example stock used is Caterpillar (CAT) with technical analysis of targets and expectations given by Fari Hamzei.

This an excerpt from "Trade Options like a DPM Webinar #7: Backspreads" -http://hamzeianalytics.com/pow_regist...


"BACKSPREADS" OPTIONS WEBINAR DESCRIPTION (NOVEMBER 11, 2010, 1800 CT)

A type of options spread in which a trader holds more long positions than short positions. The premium collected from the sale of the short option is used to help finance the purchase of the long options. This type of spread enables the trader to have significant exposure to expected moves in the underlying asset while limiting the amount of loss in the event prices do not move in the direction the trader had hoped for. This spread can be created using either call options or put options.



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.

Options Backspread Trade Adjustment Considerations | Options Like a DPM Webinars #7

Tweet Options Backspread Trade Adjustment Considerations | Options Like a DPM Webinars #7

http://hamzeianalytics.com/pow_register.asp - In this excerpt from this 2-hr long options education class, the Admiral explains the various considerations when looking to adjust an options backspread. According to the Admiral, you must be fully aware of the overall market landscape, how the stock you're trading is acting in that environment, and especially how the options for that stock behaves. Options are not linear, so trades can not expect the option to behave the same on different days, different price levels, and different volatility environments.

This an excerpt from "Trade Options like a DPM Webinar #7: Backspreads" - http://hamzeianalytics.com/pow_register.asp


"BACKSPREADS" OPTIONS WEBINAR DESCRIPTION (NOVEMBER 11, 2010, 1800 CT)

A type of options spread in which a trader holds more long positions than short positions. The premium collected from the sale of the short option is used to help finance the purchase of the long options. This type of spread enables the trader to have significant exposure to expected moves in the underlying asset while limiting the amount of loss in the event prices do not move in the direction the trader had hoped for. This spread can be created using either call options or put options.



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.

http://hamzeianalytics.com/pow_register.asp - In this excerpt from this 2-hr long options education class, the Admiral explains the various considerations when looking to adjust an options backspread. According to the Admiral, you must be fully aware of the overall market landscape, how the stock you're trading is acting in that environment, and especially how the options for that stock behaves. Options are not linear. In other words, trades can not expect options and option spreads to behave the same on different days, different price levels, and different volatility environments.

Analyzing Long Options Strangles from All Angles | Trade Options Like a DPM Webinars #6: Strangles

Tweet Analyzing Long Options Strangles from All Angles | Trade Options Like a DPM Webinars #6: Strangles

http://hamzeianalytics.com/pow_register.asp - The Admiral, a former CBOE designated primary market maker, breaks down the long options strangle strategy. He shares many considerations and ideas about putting together a options strangle position, and analyzing possible outcome scenarios so traders can be prepared. Fari Hamzei adds his market timing and technical analysis expertise.

This a Q&A excerpt from "Trade Options like a DPM Webinar #6: Strangles" - http://hamzeianalytics.com/pow_register.asp



"STRANGLES" OPTIONS WEBINAR DESCRIPTION (October 20, 2010, 1800 CT)

An options strategy where the investor holds a position in both a call and put with different strike prices but with the same maturity and underlying asset.


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.

Strategy Session: Amazon (AMZN) Earnings Options Trade Analysis | Options Like a DPM Webinars #6: Strangles

Tweet Strategy Session: Amazon (AMZN) Earnings Options Trade Analysis | Options Like a DPM Webinars #6: Strangles

http://hamzeianalytics.com/pow_register.asp - Usually Fari and the Admiral analyze and design options trades behind the scenes, then sends out the trade idea to Hamzei Analytics HFT subscribers when the trade is ready to be entered. During the Q&A of this webinar, Fari and the Admiral decide to show they put their heads together for high impact news driven trades - this time the AMZN earnings to be announced the day after this webinar.

This a Q&A excerpt from "Trade Options like a DPM Webinar #6: Strangles" - http://hamzeianalytics.com/pow_register.asp



"STRANGLES" OPTIONS WEBINAR DESCRIPTION (October 20, 2010, 1800 CT)

An options strategy where the investor holds a position in both a call and put with different strike prices but with the same maturity and underlying asset.


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.

Special Case of Weekly Options (GOOG Example) | Options Like a DPM Webinars #6: Strangles

Tweet Special Case of Weekly Options (GOOG Example) | Options Like a DPM Webinars #6: Strangles

http://hamzeianalytics.com/pow_register.asp - In the Q&A segment of this Options Strangles educational webinar, the Admiral answers a question about weekly options and their extreme dynamics due to the closeness to expiration. The Admiral, a former CBOE Designated Primary Market Maker, explains the potentials, dangers, and considerations for trading weekly options.

This a Q&A excerpt from "Trade Options like a DPM Webinar #6: Strangles" - http://hamzeianalytics.com/pow_register.asp




"STRANGLES" OPTIONS WEBINAR DESCRIPTION (October 20, 2010, 1800 CT)

An options strategy where the investor holds a position in both a call and put with different strike prices but with the same maturity and underlying asset.


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.