I watched it and thought it was informative and not dry at all. I thought he tied the use of backtesting into a current trade very well.
(ref: see page 25) Should we sell the time value in the short term ATM (or little OTM) call and pay less for the time by buying ITM LEAPS? Your post says it reverse. May be this will be clear if you can give an example. My gut feeling is this is the best strategy (and I am planning to paper trade by adding the similar trade on the PUT side too). Thanks,
I did go to one of John's full day seminars in New York a couple years ago. He does trade on a daily absis himself and managing money for others is his primary line of work. I thought it was worth it to hear him talk. He primarily deals with options in the index futures, SPX and DJX, with a lot of emphasis on nondirectional trading and detailed suggestions on entry/exit points and making adjustments
hlpsg and others who were Dan students: Does Dan talk aobut the strategy fro long term investments such as 401(k), IRAs? It looks like he talks more about the monthly income strategy vs. long term portfolio management techniques.
Options are typically short term investments. Some firms do allow you to trade complex option types in an IRA, but you have to check with your firm 1st. 401kâs typically do not allow option trading at all. Unfortunately, most brokerage firms are still in the dark ages when it comes to option trading.
danf: I agree, I should not have added 401(k) as such. To make it celar, I am curious about heding strategies for the long term holdings.
I think most long term strategies will involve selling covered calls or buying puts. You can sell individual calls on your positions, or buy puts. Alternatively, you could buy puts on an index that correlates to your portfolio. There are so many indexes out there and I am sure you can find one that can correlate to your portfolio to some degree.
They sent me a blank DVD that will not play and does not show any files when browesed with Windows Explorer. I got into an email corresponsence with them about it a few of times. I keep getting these curt messages from some @aol address. First, they said that all videos were working now. Then they wanted to know the name of the DVD. Then they referred me to their subscription sign-up page and told me I would view the video there. I finally figured out that I was wasting my time. I never bothered to telephone them.