Hey everyone, welcome to another lesson from NavigationTrading!
In this video I want to show you how to trade a Calendar Spread on the tastyworks platform. We're looking at ticker GLD, which is the Gold ETF. When we put on Calendar Spreads, we like to do that when implied volatility is low. In this case, GLD has an IV rank of 11.3, which is pretty low. We like it to be under 10, but 11.3 will work for this example.
Calendar Spreads are a different animal, because most trades that we put on, the strikes and all the options are within one expiration cycle. With a Calendar, we're utilizing options in two separate expirations. The platform is not set up to enter it that way and so we'll have to do it manually.
Watch our video for full details on "taming" Calendar Spreads!
Click https://navigationtrading.com/tastyworks if you're interested in having your own tastyworks account!
Happy Trading!
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