Special Topic Option Strategies: Calendar Spreads Brian Houston, Nison Cer0fied Trainer™ www.mycandlecharts.com www.candlecharts.com www.candlechartsacademy.com
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Brian has been trading stocks for over 37 years, and has devoted much of his trading career to trading options and creating options strategies. During that time, he has used Steve Nison's candlestick patterns and education to continually improve his knowledge and skills. Recently, Brian has has also added Elliott Wave theory to his set of trading tools, CFDs in Forex, Indices and Gold. Brian Houston, Nison Cer0fied Trainer ™ www.mycandlecharts.com www.candlecharts.com www.candlechartsacademy.com
Which M Markets www.mycandlecharts.com www.candlecharts.com www.candlechartsacademy.com
Yo Your Favourite Market www.mycandlecharts.com www.candlecharts.com www.candlechartsacademy.com
ER ’ S S LA T RA LANG RADER • Bull Market • Bear Market • Support • Resistance • Trend www.mycandlecharts.com www.candlecharts.com www.candlechartsacademy.com
ER ’ S S LA T RA LANG RADER • Windows – both rising and falling • Lagging Indicators! • Oscillator – MACD, Stochas0cs • Moving Averages • Candles and their colors www.mycandlecharts.com www.candlecharts.com www.candlechartsacademy.com
www.mycandlecharts.com www.candlecharts.com www.candlechartsacademy.com
Leverage www.mycandlecharts.com www.candlecharts.com www.candlechartsacademy.com
The Mul1plier Effect Where a Nison candle signal confirms another indicator
Option Calendar Spreads • So what do we do and why? • What is your market move expecta0on? • 3 Strategies – • In the Money (bearish market) • At the Money (neutral market) • Out of the Money (bullish market) • Do you see trends in the market? • What are the candles sugges0ng? www.mycandlecharts.com www.candlecharts.com www.candlechartsacademy.com
sh Engu Bulli Bullish Engulfing P ing Patt atter ern at Su n at Suppor pport t www.mycandlecharts.com www.candlecharts.com www.candlechartsacademy.com
Ho How N NOT t T to u o use candles se candlestic ticks s Oh my goodness! The market rallied after the shooting star! www.mycandlecharts.com www.candlecharts.com www.candlechartsacademy.com
Option Calendar Spreads www.mycandlecharts.com www.candlecharts.com www.candlechartsacademy.com
Option Calendar Spreads • LEAPS – Long dated op0ons Stock Price = $172.87 • Balance price vs intrinsic value Minus Strike - 160.00 Intrinsic Value = $12.87 160 Strike = $28.00 Minus Intrinsic - 12.87 Time Premium = $15.13 www.mycandlecharts.com www.candlecharts.com www.candlechartsacademy.com
Option Calendar Spreads www.mycandlecharts.com www.candlecharts.com www.candlechartsacademy.com
Option Calendar Spreads www.mycandlecharts.com www.candlecharts.com www.candlechartsacademy.com
Option Calendar Spreads • LEAPS – Long dated op0ons Stock Price = $172.87 • Balance price vs intrinsic value Minus Strike - 160.00 Intrinsic Value = $12.87 160 Strike = $28.00 Minus Intrinsic - 12.87 Time Premium = $15.13 www.mycandlecharts.com www.candlecharts.com www.candlechartsacademy.com
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