In this class, Dan Sheridan shares with you how he constructs, trades, and manages Short Term Trades for Weekly Income. 

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

  • 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 Session Annotations

Class #1: Greeks of Short Term Trades. Our Philosophy of Short Term Trades and our 4 Step Risk Management Plan.

0-2:59- Intro

3:00- SPX Weather Conditions the last year

11:20- VIX weather conditions the last year

13:35- Short Term Strategies Trading Plan

30:10-   Butterfly Example for a Short Term Trade

45:20- Iron Condor Example for a Short Term Trade

47:30- Double Calendar example for a short term trade

50:30- Trading Plan for the next 2 weeks

52:45- Demonstrating a Live Butterfly Trade with Dan’s 4 Step Risk Management Process

1:47:11- End

Class #2: Iron Condors and Credit Spreads

Intro 1- Class Page, Live Options Event in Chicag0 May 31- Jun 1

4:45- Quick review of live Butterfly class trade #1 from Class 1.

9:35- Slides on Short Term Iron Condors and Risk Management

49:55- Putting on Live Class Trade Iron Condor

1:05:00- End

Class #3: Calendars and Double Calendars

0- Intro, talked about annotation of classes on the class page and the Chicago Seminar in Chicago May 31 and June 1.

3:15- Review of Class Trade #2 Iron Condor

7:55- Balanced versus Unbalanced Butterfly Trades

23:40- Calendars in RUT

49:19- Today’s Live 15 Day SPX Butterfly Trade

1:01:45- End

Class #4: Butterflies

0- Intro discussing the class page and The Chicago Seminar May 31-June 1

4:45- SPX since this class started

8:30- Summary of class trades so far

11:20- Review of Class Trade from last class

15:35- 10 Day SPX Double Calendar with Risk Management Guidelines

31:30-   Cheaper Way to do a Double Calendar?

41:25- 10 day SPX Iron Condor

45:50- Question on Double Calendars and Decay

46:35- Live Trade for Today: SPX Double Calendar

57:34- End

Class #5: Adjustments and Risk Management

0-   Intro and Today’s Outline

2:20- Review Live Class Double Calendar Trade

12:50- 15 Day Live Butterfly Candidate All Calls with 40 Wide Width

15:50- 15 Day Live Butterfly Candidate All Calls with 30 Wide Width

19:40- 15 Day Live Butterfly Candidate All Calls Broken Wing

21:10- 15 Day Iron Butterfly

24:00- Adjustment Considerations Iron Butterfly versus All Call Butterfly

28:00-   Double Diagonal and Risk Management Guidelines

40:05- Today’s Thursday Live 15 Day Butterfly Trade

52:38- End

Class #6: Designing a Plan for 3K Monthly on $25,000. That’s 3% per week.

0- Intro and announcements

4:10-  SPX and VIX Perspective as we look at Trades Today

7:20-  SPX environment for this Short Term Strategies Class, the last 3 weeks.

14:15- Plan for the next 8 Weeks, May 1 to June 21

28:55- Put Credit Spreads

35:45- 3 Ways to Adjust on the Downside

39:35- What trade would we put on today?

40:35- Example of Live Trade for Today

44- Live Iron Condor for Today

1:03:35- 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.