{"id":50038,"date":"2020-08-07T14:54:53","date_gmt":"2020-08-07T18:54:53","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=50038"},"modified":"2020-08-07T14:54:53","modified_gmt":"2020-08-07T18:54:53","slug":"why-this-surprisingly-easy-options-strategy-works","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/why-this-surprisingly-easy-options-strategy-works","title":{"rendered":"Why This Surprisingly Easy Options Strategy Works"},"content":{"rendered":"<p>In this video we\u2019ll be teaching you a very easy to execute options strategy known as the \u201ccalendar spread\u201d, but more importantly we\u2019ll explain to you the logic behind this strategy and how powerful it can be when conditions are right.<\/p>\n<span class=\"collapseomatic \" id=\"id69d2cd6b9dc43\"  tabindex=\"0\" title=\"&lt;strong&gt;View Video Transcript&lt;\/strong&gt;\"    ><strong>View Video Transcript<\/strong><\/span><div id=\"target-id69d2cd6b9dc43\" class=\"collapseomatic_content \">\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">there&#8217;s so many ways to make money<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer active\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer active\" tabindex=\"0\" role=\"button\">trading options that most day and swing<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">traders are not even aware of yet they<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">can be incredibly effective once you<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">learn how they work<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and why i&#8217;m seth freubert the head<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">trader of smb capitals options trading<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">desk here in manhattan and the traders<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">on our options desk are<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">professionals and they have a clear<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">understanding of the dynamics of options<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">trays and how to put them together<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">into powerful strategies that leverage<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the properties of options so<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">if you&#8217;re interested in learning a very<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">simple option strategy that can produce<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">startling results under the right<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">conditions then stick around because i<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">think you&#8217;re going to find this eye<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">[Music]<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">opening<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">hi i&#8217;m seth freyberg and i&#8217;m the head<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">trader of smb capitals<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">options trading desk here in manhattan<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">smb capital is a proprietary trading<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">firm<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">located in midtown manhattan and we<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">provide capital for options and equity<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">traders from all over the world<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">trading both remotely and in our offices<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">here in new york city now<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">i&#8217;d like to suggest that you click on<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">our subscribe button right now so that<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">you don&#8217;t miss any of our free trading<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">videos that we produce for traders<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and investors all over the world they&#8217;re<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">really very valuable okay so<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">most traders think of options as a cheap<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">low risk way of essentially<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">betting on the movement of a stock and<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">they are are certainly some guys on our<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">trading desk who trade options<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">in exactly that way and incredibly<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">successfully<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">but there is another way to trade<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">options that leverages them in a<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">completely different way<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">that can be just as powerful as the way<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">that day and swing traders use them<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and that has to do with what is known as<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the time premium<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">that is built into every option that&#8217;s<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">traded now before we jump into the<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">specifics<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">of the trade let&#8217;s just do a really<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">quick review of the way that index<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">options work<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">so that everyone watching this video can<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">understand this lesson<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">if you&#8217;re experienced with index options<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">just hang in there because<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">this is going to be quick and then we&#8217;ll<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">jump back into the lesson<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">okay so now almost all of you are<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">probably familiar with equity options<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">where a call<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">buys you the right to buy 100 shares of<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">a stock at the strike price of that<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">option<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">any time before the option expires and a<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">put option entitles you to<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">sell 100 shares at the strike price of<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the put before<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">that option expires but there are also<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">index options which<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">works similarly to equity options except<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">there&#8217;s no such thing as<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">100 shares of an index like the s p 500<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">you can&#8217;t really buy or sell 100 shares<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">of an index but what you can do<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">is get paid in cash 100 per point<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">if the index expires above the strike<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">price of an index<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">call that you buy or alternatively you&#8217;d<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">be paid<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">100 per point for each point the index<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">drops below the strike price of an index<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">put so for example if an index is<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">trading at 31.50 and you buy<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the 3160 call if the index closes at<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">31.65<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">you get 500 in your account if the index<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">closes<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">at 36.10 or lower on the other hand<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">your coil will expire worthless on the<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">other side of the ledger if you buy a<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">31.35<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">put and the market sells off to 31.25<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">you&#8217;d make a thousand dollars but if the<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">pro if the market just sold off to 31.35<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">or higher<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the put would expire worthless so those<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">are the basics of index options and<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">remember you can buy options<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">but your broker will also allow you to<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">sell options and your broker will allow<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">you to put together<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">combinations of options in other words<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">option strategies that involve both<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">short and long options purchased in a<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">way that is advantageous to you as a<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">trader<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">okay so without his background i&#8217;d like<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">to illustrate this trade by going back<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">to september<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">of 2019 where the s p 500 index<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">was trading up around its all-time highs<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">at that time<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">which was around 3 000. so let&#8217;s take a<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">look at what would have happened<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">had we entered into what options traders<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">refer to as a<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">calendar spread so the cleanest way of<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">explaining this trade is by initiating a<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">calendar spread<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">that lasts about a month so you can see<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">that morning on september 18th<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the spx index was trading basically<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">exactly at 3 000. so on that day<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the market was pricing the 3 000 call<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">expiring month later on october 18th<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">at 44.48 meaning that over the next<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">month<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the option seller was pricing the risk<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">of the market rallying strongly and<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">costing that seller<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">a lot of money and the option sellers<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">were pricing that risk<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">at that 44.48 cents and then moving over<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">to the spx 3000 strike price options<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">expiring a month later<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">on november 15th the options market as<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">you can see priced that risk<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the risk of the market rallying strongly<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">over a two-month period<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and it priced that risk namely at 66<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">dollars and eight cents<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and that makes sense if you think about<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">it because if the market has<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">two full months to make a move the<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">chances of that move taking place are<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">obviously greater<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">than if that move is confined to the<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">next month and so<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">that difference in price between the<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">front month<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and the back month options at the same<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">strike is the basis<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">of why the calendar spread works as<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">you&#8217;re about to find out now before<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">we get into why this strat spread works<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">exactly i wanted to let you know<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">that there are many sound viable<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">long-term techniques for trading options<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">for income<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and in fact we&#8217;re currently running a<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">two-hour free intensive workshop<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">where we&#8217;ll be teaching you three of<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">those strategies that real professional<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">options traders use including<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">a really simple but incredibly effective<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">strategy that some of the greatest<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">investors in the world like warren<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">buffett use all the time<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">plus an options trading strategy that<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">has a statistical<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">80 probability of profit month in and<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">month out<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">plus an option strategy that you can<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">employ with a stock that you like where<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">you&#8217;ll make your target profit<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">whether the stock goes up goes nowhere<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">or even goes down<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">a small percentage so if those<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">strategies would be of interest you<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">then you should check out the free<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">options class that we&#8217;re currently<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">running just go ahead and click the link<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">that should be<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">appearing right now at the top right<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">corner of your screen that will open the<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">free registration page<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">in a new window so don&#8217;t worry you won&#8217;t<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">lose this video or<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">you can just go ahead on over to<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">optionsclass.com<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">to register for this free intensive<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">workshop it&#8217;s a rare opportunity for<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">retail traders and investors<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">to learn directly from wall street<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">traders but that&#8217;s exactly what you&#8217;ll<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">be getting<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">through this free online workshop so<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">click the link to sign up now<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and don&#8217;t miss it okay now back to our<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">calendar spread let&#8217;s break down<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the cash flow on the entry of the trade<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">so that we can track it as the trade<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">develops and<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">so as you can see we sold that 3000<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">october call for 44.48<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">but remember that pays off 100<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">per point above 3 000. so that is<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">multiplied<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">by 100 to arrive at your total cash flow<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">from selling that option which comes to<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">4 448 now to buy that three thousand<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">call in november<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">that has a cost of sixty six dollars and<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">eight cents as we mentioned<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and as you can see from the calculation<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">that would cost us<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">six thousand six hundred eight dollars<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and so the net cost to us<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">is the net of those two which brings us<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">to a debit of two thousand<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">one hundred sixty dollars for entering<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">into this trade which is also the<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">maximum risk<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">of the trade so that&#8217;s how the calendar<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">spread begins<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">now let&#8217;s move forward six days and it<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">so happens<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the spx was trading almost exactly at 3<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">000 again but you&#8217;ll notice<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">that the prices have dropped slightly<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">you see the short call went from 4448<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">down to 40 54. a drop of 3.94<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">while the long call also dropped from<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">6608 to 6259<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">a drop of 3.49 a bit less<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and so since you&#8217;re short the october<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">call<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and that lost more value than the<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">november call that you&#8217;re long<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the net result is that you have an<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">unrealized profit of 45<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">on the spread so far as you can see from<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the calculation now<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">as it turns out the next time that the<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">spx traded back around 3000<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">was the final day of the trade which of<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">course is not going to happen frequently<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">but definitely can happen now and then<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">now because the short option expired on<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">a day that the spx index was trading<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">at 29.86 which is below the price of<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the strike price of 3 000 then that<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">option will expire<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">with a value of zero because it has no<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">value unless the market closes above<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">its strike price as you&#8217;ll recall but<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and this is crucial<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">take a look at the value of the long<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">call expiring on november 15th<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">you&#8217;ll see that that one has dropped in<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">half in value to 3297<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">even though the sbx index is trading<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">very close to the same level it was<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">which was 3 000 at the outset of the<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">trade and that makes<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">sense right there&#8217;s still 28 days to go<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">for that long option to expire<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">so there&#8217;s still a lot of risk to that<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">option seller that he&#8217;ll have to pay off<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">on that option<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">so he still needs to charge a pretty<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">large premium for that risk<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">although not as big as its original<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">premium of 66.08 a month<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">earlier so both options have dropped in<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">value<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and that&#8217;s because time has passed on<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">both options<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">yet the price of the index itself hasn&#8217;t<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">changed that much<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">so now at this point once that short<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">option has expired<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">most traders would close this trade as<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">it&#8217;s no longer a calendar spread<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">rather it has just become simply a long<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">call and so<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">therefore let&#8217;s take a look at where we<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">are after the short option expires<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and we&#8217;re closing the trade well as you<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">can see the short option the short call<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">expired worthless as i mentioned and so<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the full value<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">of the premium we receive for that one<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">flows to profit<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and the long option has dropped in value<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">but not as<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">much as the short option and so that<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">difference that<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">relative speed by which the short option<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">drops to zero<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and the long option loses value but<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">continues to have value<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the difference in that speed is why the<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">calendar spread makes money<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">which in this case created a profit of<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">more than<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">thousand one hundred dollars which is<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">against the original<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">required capital twenty one hundred so<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">that&#8217;s more than fifty percent return in<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">a month<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">while this won&#8217;t happen a lot where the<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">market closes very close to the original<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">entry price<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">on the trade the calendar spread can be<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">incredibly rewarding<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">in cases where that does happen so the<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">important lesson in this video that i&#8217;d<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">like you to<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">internalize is that calendar spreads<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">work because of the relative value of<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the short options<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">compared to the long options which are<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">farther out in time<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and have a greater value but the short<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">options lose their value<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">much faster than the long farther dated<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">options lose their value and so<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">if the market doesn&#8217;t move around too<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">much<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the fact that the short option loses<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">value so much faster<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">creates a profit for the trader just by<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the passage of time really<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">which is one of the cool things about<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">options income trading and one of the<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">many concepts<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">that the professional guys here on our<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">desk utilize in their trading<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">all the time as i said earlier if you<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">enjoyed this video and learned something<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">valuable from it<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and you&#8217;d like to learn the details of<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">three real world options strategies<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">that professional options traders use<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">all the time then you should check out<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">the free options class that we&#8217;re<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">currently running just<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">go ahead and click the link that should<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">be appearing now at the top<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">right corner of your screen that will<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">open the free registration page in a new<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">window<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">so don&#8217;t worry you won&#8217;t lose this video<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">or you can just head on over<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">to optionsclass.com to register for this<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">free intensive workshop<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">it&#8217;s really a rare opportunity for<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">retail traders and investors to learn<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">directly from wall street traders but<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">that&#8217;s exactly what you&#8217;re going to be<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">getting<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">through this free online workshop so<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">click on the link to sign up now<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and please don&#8217;t forget to click on the<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">subscribe button right now<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">so you won&#8217;t miss all the free trading<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">videos that we&#8217;re posting<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">constantly on our channel to help you<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">and to improve your game<\/div>\n<\/div>\n<\/div>\n<div class=\"cue-group style-scope ytd-transcript-body-renderer\">\n<div class=\"cues style-scope ytd-transcript-body-renderer\">\n<div class=\"cue style-scope ytd-transcript-body-renderer\" tabindex=\"0\" role=\"button\">as an options trader<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/broadcast.smbtraining.com\/smboptions\/?utm_source=Blog\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-48454\" src=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2019\/05\/options-webinar-signup.jpg\" alt=\"\" width=\"970\" height=\"250\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2019\/05\/options-webinar-signup.jpg 970w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2019\/05\/options-webinar-signup-300x77.jpg 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2019\/05\/options-webinar-signup-768x198.jpg 768w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2019\/05\/options-webinar-signup-610x157.jpg 610w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2019\/05\/options-webinar-signup-100x26.jpg 100w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2019\/05\/options-webinar-signup-846x218.jpg 846w\" sizes=\"auto, (max-width: 970px) 100vw, 970px\" \/><\/a><\/p>\n<p>* no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this video we\u2019ll be teaching you a very easy to execute options strategy known as the \u201ccalendar spread\u201d, but more importantly we\u2019ll explain to you the logic behind this strategy and how powerful it can be when conditions are right. * no relevant positions<\/p>\n","protected":false},"author":290,"featured_media":50039,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-50038","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why This Surprisingly Easy Options Strategy Works | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, 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