StratagemTrade.com

May 27
120-Minutes

Rolling the Razzle Dazzle.
This was a class that discussed the process of rolling a Razzle Dazzle that is causing problems. We answered student's questions on the topic, mostly about the process on rolling a short spread that is about to go ITM

We brought out and expanded on the the SPX option chain as a template for other things like ETFs and equity stocks as well.

This is a VERY important class for adjusting any vertical spread for any strategy, and even collars. Understanding how spread prices span out through time and as they go ITM and OTM like a Japanese Folding fan is the best way to understand option pricing.
*****
Especially beginner and intermediate option traders become comfortable with knowing what a spread is worth once they learn this technique I developed.

We have a new Fed Chairman. We have NOT had a modern Fed Chair that was NOT tested with a crash – short or long term.

GREENSPAN
Alan Greenspan was sworn in on August 11, 1987. Two months later we had the 1987 crash where we fell 22% in a day.

BERNANKE
About 18-months after the greatest authority on the Great Depression was sworn in, his inactivity during collapsing banks almost caused another Great Depression.

YELLEN
Yellen had an overnight LIMIT down that blew out a lot of accounts.

POWELL
He had his challenges with ruining Christmas with a 10% drop the holiday week suggesting he was raising rates. He had Covid. He was also famous for “transitory inflation” that was more like hyper-inflation and the largest levels since the 1970s”.

WARSH
Kevin Warsh is not only saying the usual things a Fed Chair says when sworn in, he is saying he is going to change the Fed.

We will see how long before he is tested.