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In this class, Dan Sheridan shares with you how he constructs, trades, and manages his trades using the art of Adjusting.
Class Format: This is an On-Demand Class. Upon purchase, an email will be sent containing login credentials needed to access the class page. Purchasing access to a class gives access to all class recordings as well as trade updates, PDF’s, and PowerPoints. Any questions? Email us at info@Sheridanmentoring.com.
- Each Session will be around an hour in length.
- Each event was recorded and archive for your review.
- Each event will have a PDF of presentation slides, if used.
- You can email questions directly to Dan with your “Ask Dan a Question” button on your archive class page.
Detailed Class Content
|Class #1: Laying the Foundation for Adjustments with Dan|
5:10- What is an Adjustment
5:40- Purpose of Adjustments?
6:32- Do I have to Adjust Trades?
6:50- Where do Adjustments fit into the cycle of Risk Management? Dan’s 4 Step Risk Management Plan
16:03- Most common types of Adjustments?
17:06- Dan’s Matrix Decision Making Process with Adjustments?
22:10- How much should you Adjust an position?
23:53- How many adjustments should you make on a particular trade?
27:15- How to use VIX as an Guide with Adjustments?
34:20- How do I Adjust Trades when SPX moves near 1% in a Day (Speed)
39:15- How to Adjust Credit Spreads
|Second Class with Jay Bailey: Why? When? How?|
1- Today’s Agenda
2- My Adjustment Journey
6- Fundamental Reasons to Adjust
7:49- Pros and Cons of Adjustments
11:50- Example of Adjusting a Butterfly
20:22- Adjusting versus not adjusting
22:18- Adjusting Example with Calendar to widen the width of a trade
27:00- Adjustments can prevent large losses- Iron Butterfly Example
34:25- Option Adjustments in the Past
38:50- What should be your objective with Delta when Adjusting?
45:10- What should be your objectives with Vega when adjusting?
46:15- Theta and the “Tent”: What should your objectives be?
48:02- Don’t worry if you don’t need to!
52:22- Adjustment Considerations
53:25- Should I Adjust?
56:00- Factors to Consider when Adjusting
56:35- What not to do with Adjusting
58:00- One Important Upside Adjustment- Long Call VS Long Call Debit Spread
1:01:25- One Important Downside Strategy
1:06- Considering Vega when Adjusting
|Class #3: Adjusting Balanced Butterflies with Dan|
2:45 – How to Adjust Balanced Butterflies
|Class#4: Adjusting Broken Wing Butterflies and Iron Condors with Dan.|
1- How to Adjust Broken Wing Butterflies?
45:00- How to Adjust Iron Condors?
|Class #5: Adjusting Calendars and Miscellaneous Issues|
0- Intro and Q and A
9:00 –How to Adjust Double Calendars?
37:30- How to Adjust Single Calendars
52:11 – Macro and Micro View of Adjustments?
53:11 – Last 4 Years have been mostly upside Adjustments
53:26 – Adjusting a Portfolio: Beta Weighting
54:56- Not being able to get out of a spread at Max Loss
57:07- Not able to execute an adjustment at a decent price
58:08 – How to guard against Black Swans?
1:18:00- Warning to Covered Writes, CSP Folk, Put Credit Spreads, BWB, etc.
1:00:50 – Adjustments in Stocks
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.