Dan Keegan

Dan Keegan

Dan Keegan, founder of OptionsAuthority.com is a veteran trader and educator. Dan has over 35 years experience trading stock options, etf options and options on futures. Dan started on the CBOE in 1978 with A.G. Becker as a runner, phone clerk and floor broker. In 1984, with the backing of legendary adventurer Steve Fossett, started a long career as a market-maker on the CBOE. Dan has also been a local on the CBOT, trading t-bond futures and options on soybean oil futures. Dan’s mentoring specializes in one-on-one, online sessions with fledgling options traders.

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CVX Time Value Spread Strategy

The price of crude oil has not seen such a precipitous drop in price since 2008 when the overall economy cratered. On July 11th, 2008 crude closed at $144.96. On December 19th, 2008 crude closed at $33.17. Today the economy is not imploding. The drop in price is attributed more to an excess of supply […]






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VIX Near the Bottom?

The VIX has a highly negative correlation to the SPX. The VIX is priced upon the time value that is embedded in the premium of SPX options. When stocks fall they usually move much more rapidly to the downside than they move to the upside. As the stocks fall investors rush  to scoop up puts […]






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Bullish SPX Trading Strategies

SPX was trading at 2068.76 on July 6th. There were 47 days until the August 21st expiration. You believe that there will be a 3% upward move in the S&P between now and then. That would mean a move up to 2130. There are a number of different bullish strategies that would benefit from a bullish move. […]