Lesson 3: Adjustment 2 - Long-Dated Vertical to Flatten the Curve
Lesson 3: Adjustment 2 - Long-Dated Vertical to Flatten the Curve
The SPY Ride Trade
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Chapter 1 - Strategy Overview
Lesson 1: What is the Ride Trade?
Lesson 2: The General Structure: Three Calendars
Lesson 3: Visualizing the Ride at Entry
Lesson 4: Key Characteristics of the Ride Trade
Chapter 2 - The Greeks You Must Know
Lesson 1: Delta - Directional Exposure
Lesson 2: Gamma - The Rate of Change of Delta
Lesson 3: Theta - Our Daily Income
Lesson 4: Vega - Sensitivity to Implied Volatility
Chapter 3 - Calendar Spreads in Depth
Lesson 1: The ATM Calendar — Maximum Theta
Lesson 2: The OTM Calendar — Directional Hedge
Lesson 3: Putting It Together — The Ride Trade Shape
Chapter 4 - Implied Volatility and Calendars
Lesson 1: IV Contango vs. Backwardation
Lesson 2: The "Odd" Vega Behavior of Calendars
Chapter 5 - Opening a Ride Trade
Lesson 1: Selecting the Option Chains
Lesson 2: Selecting Strikes by Delta
Lesson 3: Sizing the Three Calendars
Lesson 4: Optional: A Put Vertical Hedge in Low IV
Chapter 6 - Trade Management and Adjustments
Lesson 1: When to Close the Trade
Lesson 2: Adjustment 1 - Calendar Swap on a Strike Touch
Lesson 3: Adjustment 2 - Long-Dated Vertical to Flatten the Curve
Lesson 4: Adjustment 3 - Very Short-Term Vertical for Delta Control
Lesson 5: Adjustment 4 -Adding or Removing Calendars
Chapter 7 - IV Changes After Entry & Final Comments
Lesson 1: Reacting to IV Changes - The Four Scenarios
Lesson 2: Final Comments and Disciplines
Lesson 3: Course Recap - At a Glance
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The SPY Ride Trade
Buy now
Learn more
Chapter 1 - Strategy Overview
Lesson 1: What is the Ride Trade?
Lesson 2: The General Structure: Three Calendars
Lesson 3: Visualizing the Ride at Entry
Lesson 4: Key Characteristics of the Ride Trade
Chapter 2 - The Greeks You Must Know
Lesson 1: Delta - Directional Exposure
Lesson 2: Gamma - The Rate of Change of Delta
Lesson 3: Theta - Our Daily Income
Lesson 4: Vega - Sensitivity to Implied Volatility
Chapter 3 - Calendar Spreads in Depth
Lesson 1: The ATM Calendar — Maximum Theta
Lesson 2: The OTM Calendar — Directional Hedge
Lesson 3: Putting It Together — The Ride Trade Shape
Chapter 4 - Implied Volatility and Calendars
Lesson 1: IV Contango vs. Backwardation
Lesson 2: The "Odd" Vega Behavior of Calendars
Chapter 5 - Opening a Ride Trade
Lesson 1: Selecting the Option Chains
Lesson 2: Selecting Strikes by Delta
Lesson 3: Sizing the Three Calendars
Lesson 4: Optional: A Put Vertical Hedge in Low IV
Chapter 6 - Trade Management and Adjustments
Lesson 1: When to Close the Trade
Lesson 2: Adjustment 1 - Calendar Swap on a Strike Touch
Lesson 3: Adjustment 2 - Long-Dated Vertical to Flatten the Curve
Lesson 4: Adjustment 3 - Very Short-Term Vertical for Delta Control
Lesson 5: Adjustment 4 -Adding or Removing Calendars
Chapter 7 - IV Changes After Entry & Final Comments
Lesson 1: Reacting to IV Changes - The Four Scenarios
Lesson 2: Final Comments and Disciplines
Lesson 3: Course Recap - At a Glance