Option Trading Strategy: Setting Up a Double Calendar
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- Опубликовано: 10 сен 2024
- In this video I want to share with you how to trade a double calendar or at least that one up so that way you can now position it yourself on your own stock trade.
Now the double calendar is very similar to a single calendar but it is two calendars rather than one so I want to go over exactly how to set one up and this is just a quick overview video it's not in-depth about adjustments or anything like that. Let me share with you exactly what it looks like first off and then afterward I want to show you exactly how to do it in a trading program.
Now there are a lot of advantages with the double calendar because it gives you a lot of spread range for the trade. It allows your options to deteriorate a lot quicker at picking up your premium or making more on the premium.
There are a few advantages but unfortunately, there are also disadvantages with everything that you get you have to give something which means you're Vega position goes up a lot higher meaning your Vega risk is slightly higher.
Let me share with you exactly what I'm watching for when I set up a double calendar. Let's take a look at the single calendar spread first before we get into the double calendar and if you didn't watch the video about the single calendar position then you might want to watch that one first because it's base foundation for the double calendar at but I do want to quickly recap the single calendar here.
#optiontrading #tradingstrategy #optionstrategy #doublecalendar #tradingstocks
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📑 ABOUT TRADERSFLY
Tradesfly is focused on me sharing my experience and knowledge about trading options. Although we include videos related to other areas of trading, the primary focus is trading options. If you are serious about learning to trade options for selling premium, creating spreads, be sure to subscribe to the channel and join our discord group.
🛑 DISCLAIMER
All of the stocks mentioned in this video along with any other videos we have are opinions and not investment, financial or legal advice. These videos are for general education, information, and entertainment. Do your own due diligence and consult with a registered financial advisor before taking any position since everyone has a different risk tolerance.
I myself had started with double calendars.
But because the SPX had no volume and moved sideways, it lost a lot. Also due to the 2 calendars put much too far off course. So it was just a short period of time. Now I have the fear of doing it again and losing even more.
Well explained. Slow dialogue delivery is amazing. Keep up.
Since the time ive been seeing your videos ive been thinking exactly like you do did in this video. Seems like my learning is in the right direction !
Nice to hear:)
I hope you'll do another weekly update, as the SPY formed a textbook island (top) reversal, while the VIX formed an island cluster (bottom) reversal, both confirmed today... I smell a correction this Spring/Summer, and a vid about capitalizing on a change in market sentiment might be helpful... thx again Sasha
So you're saying not to keep the options you're selling till expiration date? I thought that was the whole point of spreads?
No it's not
Its good to implement Double Diagonal calendar spread strategy Algo that i ran it weekly options and it gives good profit to me
Wonderful to hear. I'm glad it's working out well for you. Thank you for watching the video
Wonderful sir
thank you thank you thank you!
Where should be the strike price in double Calendar??
Your example Itm Call 565 and otm Put 580, why not contraly Otm Call 580 and Itm 565 ?
You can do it. There's very little difference when you're doing spreads with regards to puts her calls. The bigger problem is usually more towards expiration and assignment. However if you only hold for 15 days out of a 45-day option then it's really won't matter much
you are the best ..
Thank you so much! You are amazing as well
Привет Саша! супер что ты делаешь такие видео)) подскажи пожалуйста на счет того с какими датами мы должны покупать или продавать календарный спрэд?
you were talking about a put calendar and a call calendar, I am doing 2 call or 2 put even 3 or more
Okay. Wonderful to hear
how do can i get your news letter
how does a double calendar differ from a double diagonal?
What is more positive bigger than the other. Also diagonals are more skewed and can be more flexible to have actually negative vega if you like.
Can skew a diagonal in either direction (short option closer or further from underlying) based upon anticipated movement of the underlying. Can boost premium by putting short strikes closer or broaden range by putting them further away.
But why does it say double diagonal?
Platform just reads it that way
@@tradersflyofficial OK good I was confused for a second but I got it now thanks
You start out pretty good, then you go riiiiiiiight over my head like a Sputnik. C'mon man. Explain the interplay between the greeks!
Don't be condescending. :) Yes, Options can get complex. What I am saying is that you get bored after explaining the basics and rush past explaining the reason for an effect before explaining the effect of the affect. "This happens when this happens," without, "this happens *because* this happens." Or, even better, "This will always effect this in this way."
Where should be the strike price in double Calendar??
Where should be the strike price in double Calendar??
Depends on how much volatility skill you want or how you want to position it.