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 was an On-Demand Course. Once a student buys this 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

Class Specifics:

  • You are welcome to ask questions directly to Dan or another mentor
  • Each class recording is a minimum of 1 hour and includes PDF’s of class materials
  • All fees for online classes are deductible towards our GOLD Mentoring Program ($1000 limit) Click Here

Detailed Course Content

Class 1: Butterfly Foundation with Dan Sheridan

2 – Outline

5 – Iron Butterfly  Foundation Part 1: Short Straddle

10:35 –  Iron Butterfly Foundation Part 2:  Adding Long Strangle to Short Straddle

19:15 –  Why Transform an  Iron Butterfly into an  Broken Wing Butterfly?

23:40 –  Short Term Iron Butterfly example

27 – Demonstration of putting on Live Short Term Iron Butterfly and a complete Risk Management Plan

1 :21:00 – End

Class 2: The Mango and Adjustments with Jay Bailey

3 – Trade Basics of mango

6 – Trade Guidelines

8:45 – A Look at a Live Mango Butterfly Example and discussion of Risk Management and Adjustments.

57 – End

Class 3:  Dan Sheridan talks about 4 Popular Butterflies 9/15/2018

0-  Todays Class Outline

2:30 – 4 Step Plan for every trade

4:20 –  Directional or  Short Term Time Bomb Butterfly and Risk Management

30:50 –  The Directional Butterfly above in 6 days

31:30 – Centaur Butterfly

1:00:10 –  High Octane Short Term Butterfly

1:21 – End

Class 4: Mark Fenton with the All Put Flat Fly Butterfly

0- Marks live  experience with the All Put Flat Fly

4:25 – SPX  All Put Flat Fly Guidelines

12 –  Adjustments for the All Put Flat Fly

15:50 – Live All Put Flat Fly  example with Adjustments

25 –  Longer Duration All Put Flat Fly

25:35 –  Q and A and Live  example of the All Put Flat Fly

57:00 –  End

Class 5: Broken Wing Butterfly and Adjustments by Dan Sheridan

0-  Class Outline

3:20 – Best Butterfly Width and Best beginning  position  Deltas

20:30 – Ratio Call Fly with  the  1-3-2 structure

31:10 –  Stock  Butterfly’s

37 –  Stock Split Strike Butterfly

39:35 –  Butterfly Plan for $10,000 Monthly Allocation

47:30 –  Short Term Live Broken Wing Butterfly example

52:99 –  Start Of 4 different Butterfly Adjustments

1:06:45 – Live Butterfly Trade and Live execution example

1:34:00 – End

Class #6: Last Butterfly Class  by Dan Sheridan   9-17-2018

0-  Introduction, outline, and announcements

4:25 –  Short Broken Wing Butterfly VS Balanced Butterflies

7:15 –  Adjustments

17:30 – Stock Balanced Butterflies

27:30 – Balanced SPX  Butterfly All Calls

29:30 – Broken Wing Butterfly  All Calls

34:35 –  All Put Flat Fly and Risk Management guidelines

59:00 – 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]