How to Trade Conservative Credit Spreads

credit spread trading

Many people have asked me how do I trade credit spreads? Well here is the ebook to show you how to trade credit spreads. It is the basic method I use to trade-

Do you want to learn an option strategy that helps you sleep better at night?

How about a 5 to 15% profit with an 80% probability of success on each trade?

To learn more go to ---> Conservative Options right now!

Credit Spreads

SPY Credit Spread Trade

Just a quick note about the SPY trade from yesterday.

Today the market tested the 110 level of the SPY and failed to hold that level. I would take that as a confirmation, so the trade is good to go for tomorrow as long as it opens below 110 and stays below 110 in the first hour of trading.

January 26, 2010 | Leave a Comment


Events

Upcoming CBOE Seminar: Dan Sheridan

A couple people have confused me with Dan Sheridan, but alas I am not he. However you are not going to want to miss his expertise in trading options and if you live near Huntington Beach, California or like me close to Chicago you have an opportunity in the next couple of months to learn from him how to adjust your credit spread trades (another question I am frequently asked).

Check out the curriculum of the upcoming new for 2010 seminar –

Everything you ever wanted to know about options orders (Marty Kearney, Peter Lusk or Jim Bittman) Develop realistic expectations for how option prices change. Learn how to enter in option orders from former Market Makers.

THE COMPLETE PORTFOLIO – Dan Sheridan

Consistent Monthly Income Strategies in a Volatile Market.
Dan Sheridan shows how he finds and adjusts credit spreads, calendar spreads, condors, butterflies and double diagonals.

Speculative Strategies for your portfolio
Dan will explain how he used volatility skews in the trading pits to find the markets’ big movers. He will also demonstrate how straddles were traded in the pits and conclude by illustrating strategies he employed to trade a company’s earnings.

Live Trading
During live market action, Dan will show you how to put on his trading strategies while he is teaching.

The Art of Adjustments
Dan will demonstrate specific adjustments he used in the pits to fix trades that go against you.

The Chicago seminar is scheduled on March 4th – to register and learn more go to Real Trading with Dan Sheridan

I am not paid to endorse this seminar, it is just that good that I think you need to go and if you register before the end of the year it is $100 less!

December 22, 2009 | Leave a Comment


Credit Spread Service

Did you purchase Jeff Ziegler’s course?

A couple weeks ago I ran a promotion for Jeff Ziegler’s course “Credit Spread Trading Made Simple!” Did you purchase the program during this promotion?

If you did it went to help kids in need receive Christmas gifts and a good meal through the “Best Christmas Ever” Giveaway. Because you purchased the course, you provided Christmas to a child who otherwise would not have had one. Take a look at what was accomplished by going to America’s Family Best Christmas Ever

The new year is upon us – be prepared for a very profitable one!

December 28, 2009 | Leave a Comment


Markets

Quick Post about SPX resistance level

The SPX last week had finally broken the 1100 resistance level only to fall this week below it again, making it a very strong resistance level. We will be looking for Bear Call Credit Spread trades above this level, similar to our successful one from last month – Aggressive SPY Credit Spread Trade

Schaeffer’s this morning said it very well  (Opening View: 1,100 Proves Tough Barrier for SPX)
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Yesterday’s rejection at the 1,110 level has the S&P 500 Index (SPX) entering today back below formerly staunch resistance at 1,100. What’s more, the broad-market indicator is also staring up at its 80-day moving average once again. Additionally, the CBOE Market Volatility Index (VIX) rebounded from support near the 20 level, and could be headed higher in today’s trading, if futures activity is any indication. Specifically, U.S. stock futures on the SPX are trading nearly nine points below fair value heading into the open, while futures on the Dow Jones Industrial Average (DJIA) are more than 60 points below fair value. Economic data is thin today, with only weekly U.S. petroleum supplies on tap, but most of Wall Street will be following Federal Reserve Chairman Ben Bernanke’s testimony before the House Financial Services Committee on the status of the U.S. economy.

So we wait for Ben to lets us know what to do. Well we actually wait for the market and it seems according to Schaeffers they are waiting for Ben.

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February 24, 2010 | Leave a Comment