Sheridanmentoring – The Double Barrel Calendar
Class Details
This class consists of 4, 1 hour long sessions.
The Double Barrel Calendar!
This is one of the popular strategies in the Sheridan Community.
In this class, Dan Sheridan shares with you how he constructs, trades, and manages his Double Barrel Calendar Trade.
See why Sheridan Options Mentoring is second-to-none in training traders who know how to actually trade man working on computer with blue chart on screen.
What You’ll Learn In The Double Barrel Calendar?
Just started our new 2 week online class, “The Double Barrel Calendar”, and wanted to share the class trade.
SPX was around 2370. B 1 Apr 5 2390 C and Sell 1 Mar 22 2390 C. B 1 Apr 5 2350 P and S 1 Mar 22 2350 P .Debit of $14.05 and Margin or Risk of $1405.
Join us in tomorrow’s Class as we analyze this trade and cover more on this interesting strategy that serves as an alternative to the Iron Condor when Implied Volatility levels are low, which they are now. VIX is currently at 11.74.
Iron Condor
The foundation of this strategy as well as an Iron Condor is the short strangle. In this trade, we are selling the 2390 C and 2350 P in the Mar 22 expiration.
Unlike the Iron Condor, which will buy the long hedges in the same expiration, we buy our long hedges in the Double Barrel Calendar in a further out expiration and the same strikes as the shorts. In this trade, our longs are in the Apr 5 expiration.
Implied Volatility
In a low Implied Volatility environment, this strategy gives us wider room or Breakevens than a single Calendar Trade.
