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JerseyJlm where do you get these old recording sessions from 2014 to 2018?

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“If it is so simple why do people keep looking and looking for calendar classes and pay money for it?,” To understand this, you need to do some reading about human psychology and money management. Good place to start is “Wisdom of Finance” by Mihir A. Desai.

Except for defining IV of the legs, the rest of our chat was just chatting. The Calendars are not that complicated, you need to pay attention for few small things, practice and that's it. I hope it was a great refresher for some and start of the option journey for others. "Make everything as...

Option calendar spreads (also called time spreads) make money primarily from time decay differences (theta) and implied volatility changes (vega) between the short-term and long-term options in the position. Let’s break it down clearly 👇 💡 Basic Structure A calendar spread usually involves...

Marcas, thanks for getting to the meat of the matter, meaning having some actionable values to play with. I absolutely agreed with you that playing with them, by changing the parameters is the way to learn the intricacy of the Calendar or any other option structure. "I appreciate if you can...

I have no idea about the charts you are posting, what these charts represent and how to read them. What I had learned so far is that one of the best way to make money trading Calendars are from Time decay and volatility in your favor.

Just to give you an example of a simple Calendar setup:

Marcas you completely misunderstand me. I am not looking for a setup. To work on details of a structure (Calendar per se), we need to have some real data, numbers etc to understand it. For example if you don't trade Calendars alone, then you use them in some adjustment fashion. The market is way...

Marcas, I thing luck is something more suitable for Las Vegas. My approach is being forever student of the market and lots of back testing until I am convinced that the structure is more than 70/80% profitable. Do you have an actual Calendar setup that you trade on a regular basic and is...

Marcas, thank you for the extremely useful explanation of the IV contango and backwardation topic. I am familiar with this from my futures trading, but was very useful to use it in the Calendar setup for strike selection. I like your quote: "The deeper contango (the lower short IV value is in...

Actually if we want to be technical on this- the Calendar ends when the short leg expire, we cannot call it Calendar any more because we have a single leg by itself. Its the same if for example: you start with a vertical- you have a vertical, but the moment you add another vertical then: - if...

Markus, you are absolutely right, jumping from topic to topic is more or less confusing for someone just getting into the option world. Lets start from the beginning as you said in one of your previous post. Therefore I am re posting my question to you: What conditions the underlying price of...

And here is the formula if that is what you were looking for: What Expiration B/E Means The break-even point is calculated by adjusting the strike price by the premium paid (for buyers) or received (for sellers). For a long call, the break-even is: Strike Price + Premium Paid. For a short...

Jim, you are right,I got mistaken about that, but in reality you don't need to calculate anything there as you can see them on the Risk chart when the price it testing B/E points. The B/E are showing where the Expiration line is crossing T0 lines, that;s all. Expiration B/E is the price level...

Jim, the B/E of a calendar is based on the expected move of 1 standard deviation from the mean. If you have access to TOS, you can see it on the option graph. Or when using ONE, it’s display on the modelling window by a slightly darker colour.

Well Jim, we are not on the same page and apparently have different understanding about calendars and how they work. If you check Amy's 2023 A14 course, somewhere in the middle of it, she has a wonderful explanation of this phenomenon BTW, I have no connections whatsoever to her or this site...

"volatility in and of itself doesn't change the cost of a calendar. a calendar is a spread: you buy one option and sell another. the cost is the difference between the 2." The volatility is one of the main reason that prices do change which affect the cost of the Calendar (net price b/w legs)...