Options Boot Camp 403: Double Calendars Part 2: Electric Boogaloo!
Summary
Hosts Mark Longo and Dan Passarelli return for Options Boot Camp to address listener questions on managing double calendar spreads, particularly when underlying prices test strike levels. They discuss trade execution on SPX, comparing index versus single-name equities, and explore using strangle swaps as an alternative to VIX trades for weekend risk. The duo also answers queries on debit spreads versus outright options in low volatility, Wheel strategy strike selection, and the impact of implied volatility collapse on long calls.
Topics discussed
Intro: Options Bootcamp and network promotions
Welcome Dan Passarelli and double calendar recap
Listener question on managing double calendars
Dan's SPX double calendar trade example and rules
Indices vs. single stocks and tax advantages
Using double calendars for weekend volatility risk
Mail call: SpaceX earnings poll results
Debit spreads vs. outright options in low vol
Wheel strategy: Strike selection criteria
Rescuing long calls after IV crush and outro
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