John Marsland will give an Introduction To Credit Spreads. That is the subject of a new book he is writing, so he is very focused on techniques for explaining this subject.
This talk will be accessible even to those with limited background in options.
(A credit spread is an options combination placed to give an initial cash credit to your account, often used as part of an income strategy).
John's previous talk on Trading Iron Condors on RUT was very popular, but John felt that some of the audience was not fully following the ideas completely. He wants to go back this time and focus on making credit spreads crystal clear, even for beginners.
Credit spreads can be used to achieve weekly, or monthly income. They can also be used as a multi-month trade.
In this presentation John will cover:
-The Insurance Agent Trade
-Put Credit Spreads in an uptrend
-Call Credit Spreads in a downtrendB
-A Brief look at Iron Condors
-Easy technical analysis
-Deciding how and when to place the right trade
John is a forceful, clear, interactive, and patient educator, and I am confident that this talk will be very worthwhile for anyone who has any doubts about fully understanding options and credit spreads. John is one of the clearest educationally-oriented speakers we have ever had, or for that matter that I have heard elsewhere.
We will be moving on in later meetings to some more advanced option topics, including volatility arbitrage, futures options, delta-hedged ratio trades to exploit skew, testing of option system strategies, problems with adjustments, and combining a trend following approach with volatility trading. We already have a speaker ready for some of those topics.
But first, this month, we want to do a "level set" to get everybody up to speed on the fundamentals of options trading. So please try to make it if you might use some help in moving forward with options, and then you will get a lot more out of our later meetings.
John will talk for about an hour and a quarter, including lots of interaction.
Later on in the second hour, we would like to ask some of our other expert traders to add their own insights and comments, possibly taking a few minutes each where needed, and John will comment back. We may have a two-way discussion on risk and model adequacy issues, for example.
John Marsland is a member of our group who works and has worked in the RTP at Cisco, and formerly IBM, as a Marketing Manager, Executive Communications Manager, Business Development Manager, and Product Manager, having originally graduated from NCSU in Electrical Engineering.
For the past several years, he has been building his retirement nest egg using option spreads.
John is now one of the Coaches at Market Tamer , teaching several classes on options trading each month. He also provides trading and investing ideas and education through his own web site, Wealth Direction. He is the author of the recent e-book, Fiscal Cliff Investing .
The talk is free and open to all, preferably with RSVP, but we have the full combined room space, so you can come and bring or send friends even without RSVP if need be.
Afterwards, Dave W. will be organizing an informal get together at the nearby Village Draft House - all welcome and everyone on their own tab!