Class Details

What you can expect to learn from our Masters Class: 15 Day Butterfly

1  Why this is a great strategy?

2.  What market conditions to initiate this strategy?

3.  The exclusive 4 Step Risk Management plan designed by Dan

4.  How to structure this trade each week?

5.  When to structure as a Balanced Fly VS an Broken Wing Fly

6.  When to take off for small loss and not adjust?

7. How to exit this 15 Day trade in 3 Days Max?

8. Which one Adjustment is Dan’s “Go to” Adjustment?

Class Description: For the first time Sheridan is dedicating an online class to Mastering 1 strategy on 1 underline. Hone your craft with Dan as he explores the market using live trades. 

Class Format: This is an On-Demand Course. Once a student buys this class, an email is then sent, containing login credentials to access the archived class page. 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:

  • 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.

Detailed Course Annotations

Class #1 Annotation:
0- Intro, Class Schedule, Commissions, etc.
10:20- 15 Day Butterfly History and Outline for Today
18:55- Key Indicators for this Strategy
29:05- Mechanics of 15 Day Butterfly
41:20- Example of this Type of Trade
53:45- Iron Butterfly Example
56:20- Case Study of a 15 Day Butterfly
1:16:00- 4 Step Risk Management Plan
1:19:25- Live Trade Example with 4 Step Risk Management Plan
1:49:19- End
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Class #2 Annotation:
0- Intro with Mark Fenton
1:35- Short term Asymmetrical Fly
6:30- Risk Management plan
9:55- Adjustment technique
20:35- 2nd Adjustment Technique
22:00-4 Step Risk Management plan
25:00- Look for Live Trade for example
50:00- Dan reviews Live Class Trade and Puts on another one
1:29:55-Class Ends
______________________________________________________________

Class #3 Annotation:

0-Intro
2:30- SPX  Price Chart, ATR, VIX , and HV  analysis
3:25- Review Class Trade from Previous Week
21:15- 43 Day Butterfly Trade  Contrasted to our 15 Day Fly
28:40- Illustration of Managing mostly Short Term  Trades By the Greeks
44:00-Discussion of ATR and Bigger SD moves and Adjustment issues with high ATR and SD moves
45:30-Upside Adjustment Discussion  on upside
51:50- VIX Levels and Guideline Width for 15 Day SPX Butterflies
53:20- When to take off Butterflies versus Adjusting?
55:20- ATR and what it means for your short term trades
58:40- Illustration of putting on live 15 day Butterfly and 4 Step Risk Management Plan
1:23:42- End
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Class #4: Shorty Cake Iron Butterfly  April 4th 2019 

0-Intro
2:30-Trade Basics
5:10-Keys to Success with Short Term Butterflies
17:45-Trade Guidelines
23:44-A Look at a Sample Trade
31:45-Adjustment Guidelines
36:25-Looking at a Sample Trade in and Adjustment
41:10-Adjustment Discussion
42:40-Importance of Liquidity
47:05-Back to Sample Trade on Brokerage Platform
56:44-How to handle Large Down Moves with Long Puts?
1:02:07-Differences in Trading Short term Trades?
1:10:18-End

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Class #5 Annotation:

0-Intro
1-Class Trade review
4:20-Misc Topics:  Scaling, Execution, Balanced or Unbalanced Butterfly, Best Duration,  Technicals  and VIX, Adjust or not Adjust?, Best Vehicle?
14:55- Look at SPX, ATR, VIX, IV, and HV
16:14- Today’s Butterfly Candidates: Balanced or Unbalanced?
17:40-Unbalanced or Broken Wing Butterfly?
20:40-Looking for Live Butterfly Trade
47:38-End
______________________________________________________________

Class #6 Annotation:

0-Intro  and important upcoming Dates
0:55- Review Class Trade
3:13- 15 Day Fly going forward with various VIX levels.
4:43-Live Trade for today, and Review and Q and A
40:54-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]