I figured I would post this all in one spot in case someone needs it for the future since I ran into this problem after purchasing my bike. My bike came with only a red key and 1 uncut black key, but this would apply for those who just have the Red Key. I pulled and modified some info provided by Brad Black and Speeddog from this thread (http://www.ducatimonsterforum.org/index.php?topic=57773.0 (http://www.ducatimonsterforum.org/index.php?topic=57773.0))
GET THE KEYS:
To program the keys yourself, you will require the Red Key and 2 Black Keys. To aquire more black keys you either have to order them from Ducati ($65 each), or get generic keys that match the same transponder type that Ducati uses. The key needed is a Silca KW17T5 transponder key. This is sometimes refered to as a "T5" transponder key for short. Ask the key supplier/shop if they have these or can order these. I have found some wholesale suppliers online that sell them for $15 each. If they don't have the keys, they may still be able to do the cloning for you if they have the right equipment. Ask the key shop if they use
Ilco/Silca RW2 or RW3,
Strattec Quick Code,
Jet Smart Clone, or
Bianchi Repli-code for their cloner. All these are capable of cloning the T5 key.
PROGRAMMING THE KEYS:
Notes* Make sure the battery terminals are connected correctly. Make sure to keep the other keys close, but AWAY from the ignition switch while you are are programming them to avoid interference from the other keys. If "OFF" is displayed at any time during this process on the display, then that means that the programming sequence aborted and did not work. Keep in mind that when you turn the keys ON and OFF you should not wait until gauges sweep out.
1. Put your RED key in the ignition and turn ON and OFF very quickly
2. Make a second turn ON and OFF with the Red Key (when turned on you will see that the screen will begin to count from 25 to 0).
4.When you see it counting down, immediately take out the RED key and put in the first BLACK key.
5. Quickly turn ON and OFF the with the black key. (No need to wait for the gauges to sweep) The screen will show "2", which means insert the second Black Key.
6. Take out the first Black Key and put in the second Black Key. Turn ON and OFF again very quickly (as you did before). The screen should display "3" and every time you insert a new Black Key it should count down from 25 to 0 again.
7. Take out the second Black Key and put the Red Key in again. Turn ON and OFF very quickly again and then take out the Red Key. The programming is now complete.
FWIW I was able to clone my red key - except the clone is a black 'red key'. It is good to have a spare.