Detailed Class Content
|First Class with Dan|
0- Class Information
8:50- Today’s Class Outline
11:25- Sheridan Mentoring Philosophy of Trading Weekly or short term Option Trades
22- Financial Goals on 10K Weekly Portfolio
29:45- Greeks of Weekly or Short Term Iron Condor Trade
46:50- Trading Schedule for Weekly Trades
51:25- Index and ETF’s we trade
51:45- Stocks we trade for Weekly or short term Income Trades
57:05- Greeks of Double Diagonals ( Iron Condor alternative in low IV environment)
1:06:45- Getting Good Execution and Exit Prices
1:23:25- Today’s Live Trade: SPX Iron Condor I executed this trade at the close of trading.
SPX at 2274 and VIX at 11.26. Jan 20 Expiration, 8 Day Iron Condor. Buy 1 2320 Call and Sell 1 2310 Call.
Buy 1 2220 Put and Sell 1 2230 Put for a total credit of $.95 Credit. Margin for 1 contract is $905.
Looking to make 8-10% of Margin or Risk of $905. Profit target $70 – $90 per every 1 contract.
Maximum Loss is 10-12% or $90 – $110 for every 1 contract.
|Class #2 with Dan: Short Term Iron Condors|
2:00- Background on Dino and his journey learning Options
7: 37- Dino shares his experience and guidelines with the 4 Day Iron Condor
26:40- Dan comments on the 4 Day iron Condor and answers a few questions
34:25- SPX 7 Day High Probability Iron Condor
44:50- SPX 7 Day Low Probability Iron Condor
51:30- Trading Plan and Risk Management for a Short term Iron Condor
57:15- 1 Day SPX Iron Condor
1:02:50- Review of Live Class Trade from Previous Class
1:19:05- Talking about Live Trade for Today’s Class
End- 1:25:42 (1 Hour 25 minutes and 42 seconds)
|Class #3 with Dan: Butterflies|
Class trade put on this morning:
With SPX at 2269 Dan put on a 9 day Unbalanced PUT Butterfly
Buy 1 2295 Sell 2 2270 Buy 1 2240, Jan 27 expiration
Dan paid an 8.70 Debit at 10:55 am CT time
0- Intro and Today’s Outline
2:08- Today’s Live Class Trade: Broken Wing Butterfly
6:50- Today’s Class Outline
7:50- 8 Day Equidistant Iron Condor
9:25- Guidelines and Risk Management 8 Day Equidistant Iron Condor
17:20- 9 Day Unbalanced SPX Put Fly
20- Guidelines and Risk Management 9 Day Unbalanced SPX All Put Butterfly and Live Class Trade
25:55- Balanced Butterfly
29:10- Guidelines and Risk Management Balanced Butterfly
30:55- Review of Live Balanced Butterfly Trade
32:12- Key is to be consistent with these short term strategies, do these 20 weeks in a row.
|Class#4 With Dan: Calendars & Dan talks a little more about Butterflies.|
0- 3:35- Introduction
3:40- SPX 7 Day All Put Flat Fly and Guidelines
16:25- SPX 10 day Call Calendar with Guidelines
28:10- Review of Wednesday’s Class Butterfly Trade
32:45- Today’s Live Class Trade
|Class #5 With Mark Fenton: The Weekly Call Butterfly|
0:00- Introduction and over view of the weekly call butterfly
6:00- Traits of the fly and when and how best to enter
13:00- Adjustments for the fly strategy
17:00- Graphic examples of fly management
23:00- Live fly analysis and set up
49:00- End Question and answer
Class # 6 with Jay Bailey: 9 Day Calendar
|Class #7 with Dan: Double Diagonals & High Octane Butterflies|
0- Today’s Outline
1- 10 Day Double Diagonal with Guidelines and Risk Management
13:10- Trade Details of my Double Diagonal Example
13:23- 4 Step Risk Management Plan for the Double Diagonal
33:50- High Octane 2 Day Butterfly
37:05- Guidelines and Risk Management High Octane Butterflies
39:20- Review 2 Live Class Trades we have on.
|Class #8 with Dan: Double Calendars (Final Class)|
0- Intro and comments on next class, today’s outline, and upcoming things
3:40- 8 Day SPX Double Calendar with Guidelines and Risk Management
16:57- Additional trade information for the Double Calendar
17:30- 8 Day Double Calendar Guidelines and Risk Management
22:05- Trading Plan going Forward!
27:35- Next online Class: 2 week Class focus on 1 type of Butterfly: The Mango
27:45- Information on Sheridan Mentoring
28:17- Question on Double Calendar
29:30- Review of 2 Live Trades from previous Class
30:16- Review of live High Octane 2 Day Butterfly put on in previous class 2 days ago.
32:25- Review of Live 9 day Double Diagonal Trade put on Wednesday, 2 days ago.
37:20- Live Double Calendar Trade I put on yesterday in a Trading Group at Sheridan Mentoring
45:55- 15 Week Challenge for Short Term Trades
48:10- Dino, Veteran Sheridan mentoring Student discusses his Journey of Option
Trading and then covers contingent orders in Think or Swim.
49- Dino’s Journey of learning Options Trading
1:01:40- Dino talks about how to put in Contingent orders.
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.