Class Details

Class Description:Butterfly options trades come in a variety of styles. Learn about the different types of Butterfly Strategies.  Learn how to select the right stocks for the Butterfly, whether to choose Calls or Puts, how wide a Butterfly should be, when and how to adjust your trade, and much, much more! This class will equip you to be a top-tier Butterfly trader.

Class Format: This is a Live class that begins July 27, 2016. Once a student buys a class, an email is then sent, containing login credentials to access the archived class page. Typically, each class runs for four weeks, with two classes each week.  Some classes contain additional videos and sessions. Purchasing access to a class gives 6 months of access to all class recordings, as well as trade updates, PDF’s and PowerPoints. Any questions?Email us at info@Sheridanmentoring.com

Class Specifics:

  • Class meets every Wed and Fri at 1pm CT, starting July 27th 2016
  • You are welcome to ask questions directly to Dan or another mentor
  • Each class recording is a minimum of 1 hour, total of 10-12 hours approximately and includes PDF’s of class materials
  • All fees for online classes are deductible towards our GOLD Mentoring Program ($1000 limit) Click Here

DETAILED CLASS CONTENT

First Class with Dan
Basics, Different Butterfly types, The Greeks and Live Trade Execution

0- Intro
9:12- Foundational discussion on Butterflies
16: 45- Long Butterfly with Calls, done for a debit
37:20- Live Trade Execution for Butterflies
1:02:25- Balanced Iron Butterfly 9 Days to Expiration (Weekly’s or Short Term) and Q and A
1:15:45- Guidelines short term Weekly Balanced Iron Butterfly
1:37:20- Live Trade execution and discussion for an Iron Butterfly
1:59:59- END

Second Class with Dan
Balanced Butterflies, Continuing The Greeks, & Intro on Broken Wing Butterflies

0- Intro
1:15- Review Class Live Trades
23:25- Greeks of Longer Duration Balanced Butterflies
47:20- Example of Longer Duration All Call Balanced Butterfly (49 Days from Expiration)
54:40- Stock Butterflies: Using GOOGL example, 29 Day Trade
62:25- Guidelines for Stock Balanced Butterflies that are neutral and Adjustments
69:39- How to reduce short Deltas with Balanced Butterflies in SPX and RUT: Intro to Broken Wing Butterflies
78:05- Differences between Balanced and Unbalanced Butterflies
79:35- Looking at live Butterfly trade for today’s Class and Q and A at the end.
108:19 – End

Third Class with Mark Fenton
Flat Iron and All Put Butterfly

0:00- Introduction
3:00- Basic structure of the SPX all put flat fly
6:00- SPX all put flat fly live trade illustration and entry guidelines
15:00- question and answer
17:00- All put flat fly adjustments and trade illustration
41:00- SPX flat iron fly basic structure and live trade illustration
48:00- SPX flat iron fly adjustments and trade illustration
60:00- Live class trade of SPX all put flat fly placed
65:00- End Question and answer

Fourth Class with Jay Bailey
The Mango Butterfly

0- Introduction
1:50- Mango Butterfly (Unbalanced or Broken Wing Butterfly)
16:55- Iron Butterfly- Mango- Guidelines (Looking at Cheat Sheet)
23:55- Looking at adjustments: 2 Main Adjustments
39:15- other Market scenarios for the Mango (Looking at cheat sheet)
49:25- When to buy a put on the downside with the Mango or any other strategy? (What to do when you get a big down day?)
1:00:52- End

Fifth Class with Dan:
Reviews the first 4 classes and puts on a live trade

0- Intro and Q and A
15- Live Butterfly Class Trade for Today’s Class
31:10- Review of Mark Fenton’s Butterfly Class he taught
53:30- Review of Jay Baileys Butterfly Class he taught
1:06:18- Dan’s Interpretation of when to apply the various Butterfly Strategies you have learned so far in the class.
1:18:42- Conclusion of class and closing remarks
1:19- Review of last Live Trade I put on
1:21:19- END

 Class Six with Dan:
Reduced Vega Butterfly, Stock Butterflies, Extensive review of a class trade and discussion of today’s live trade.

0- Intro
3:10- Review Class Live Trade and adjustment and risk management ideas and some Q and A
37- Live Trade for Today’s Class
52:40- Reduced Vega Butterfly
1:02- Guidelines for SPX Balanced Butterfly
1:03- Stock Butterflies: Using AMZN as an example
1:04:55- Greeks of Various Butterflies reinforcing the different Greeks for different Butterfly Trades
1:13:30- End

Class Seven with Mark Fenton
Directional Butterflies

0:00- Review of previous class trade and closing it at a profit
10:00- Directional or time bomb butterfly basic structure and entry guidelines
13:00- DKS earnings release trade reviewed
27:00- Question and answer
33:00- SPX time bomb butterfly illustration
50:00- END: with Q&A

Eighth and Final class with Dan.
Summary and Greeks of 7 Butterflies and Butterfly Battle Plan moving forward and also some Q and A

0 min- Intro and closing remarks of Butterfly class
1:00- Brief comments about our Mentoring Program
2:40- Q and A Defining Broken Wing Butterflies
5:14- Q and A Will I cover the 1-4-3 Butterfly?
6:38- What will we cover in today’s Class?
7:10- Comments about my Live Trades done during this 4 week Class
8:15- Summary: SPX 8 Days to Expiration Balanced Butterfly (Weekly or Short Term Trade). All Calls.
30:45- Summary: SPX 35 Days to Expiration At-the-Money Balanced Butterfly. All Calls
33:00 – Summary: SPX 35 Days to Expiration At-the-Money Unbalanced or Broken Wing Butterfly. All Calls
42:20- Summary: SPX 35 Days to Expiration At-the-Money MORE Unbalanced or Broken Wing Butterfly. All Calls.
46:40- Summary: SPX 35 Days to Expiration Unbalanced or Broken Wing Out of the Money Put Butterfly and adjustments.
1:03:35- SPX Put Unbalanced or Broken Wing Out of the Money Iron Butterfly.
1:07- SPX Put unbalanced or Broken Wing OTM Bullish Iron Butterfly.
1:07:55- Butterfly Battle Plan
1:08:45- Adjustments for Butterflies
1:10:25- Q and A
1:15:58- Questions and Comments about Sheridan Mentoring and why it’s unique?
1:17:07- END

Important Notice- Course Materials Disclaimer

The course offering can change at any time at Sheridan Options Mentoring’s Discretion. Any changes to this Educational Program will be posted on the web site, which will serve as notification of any changes. Dan Sheridan’s classes are for Educational purposes only. We are not an advisory service, nor do we guarantee any kind of return on investment. Sheridan Mentoring does not offer refunds on online class purchases.

Important Notice- Risk Disclaimer

Futures & Stock options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and stock options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to buy or sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The pas performance of any stock option trading system or methodology is not necessarily indicative of future results.

Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual stock option trading. Also, since the option trades have not actually been executed, the results may have under- or over- compensated for the impact, if any, certain market factors, such as lack of liquidity. Simulated stock option trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.[/vc_column_text][/vc_column][/vc_row]