Trading with Iron Condors
Class Description: Iron Condors are a great way to begin trading options – they are easy to understand, easy to trade, and easy to monitor. In this practical class Dan and his mentors show how to trade a variety of Iron Condors depending on the stock and market variables. They teach 8 specific methodologies for Iron Condor trading. You will watch as they put on 6 actual trades and see how they adjust the trades for maximum profitability before taking them off. Learn to fly with Condors – take this class today!
Class Format: This class is a collection of video recordings from the actual Live class that was previously offered. Once a student buys a 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 access to all class recordings, as well as trade updates, PDF’s and PowerPoints. Any questions? Email us at info@Sheridanmentoring.com
- You are welcome to ask questions directly to Dan or another mentor
- Each class recording is a minimum of 1 hour, total of 10-12 hours approximately
- Supplemental videos on brokers (OptionNet Explorer, TOS Contingent orders)
- You can optionally purchase a 4-week trial of OptionNET Explorer for an additional 25 GBP Click Here
- All fees for online classes are deductible towards our GOLD Mentoring Program ($1000 limit) Click Here
Detailed Class Content
Class #1: With Dan Teaching, Different IC types and Insurance, 9 Day IC, and 44 day High Prob. IC. (delta of short call and put 10 or less.)
1- Intro and discussion on the student class page
11:20- Class Teaching: Iron Condor Reference Page on different types of Iron Condors and Insurance of Iron Condors
31- Class Trade: #1 High Probability Iron Condor (44 Days to Expiration) Iron Condor $1.70 Credit
58- Class Teaching: 9 Day Iron Condor with Adjustments Iron Condor Methodology #1 (I made a mistake titling this an 11 Day Iron Condor)
1:59 min- 2nd Class Trade 9 Day Iron Condor $1.42 Credit
Class Ends 2 Hr and 3 min
Class #2: With Dan Teaching, 9 day No Touch IC, 9 day IC with Adjustments, and 30 day IC with just the Put side and a debit spread overlay.
1- Intro and discussion what Dan will cover in this session
2:50- Class Teaching: 9 Day Iron Condor No Touch version (No adjustments) Iron Condor Methodology #2
14:25- Class Teaching: 9 Day Iron Condor with Adjustments Iron Condor Methodology #1 (Cleaned up and Clearer version)
(This is a cleaned up and clearer version of the 9 Day Iron Condor from Nov 5, just watch this one instead of Nov 5 presentation)
48- Class Trade Review: #2 Class Trade (originally discussed Nov 5 Class at 1 Hr and 59 mark): Trade up 10% and hit profit target after only 2 days!
55:50- Class Trade Review: #1 Class Trade from Wed Nov 5 Class and tried to put on live a similar trade as Class Trade #1. I put on a 42 Day RUT Iron Condor (Reference in ONE software 1a long term Iron Condor). And I was looking at a price of $1.57 Credit. This would be more of a High Probability type Iron Condor.
1:13-45- Class Teaching: High probability Iron Condor 30 Day Trade: Credit Spread on Put Side with Debit Spread Overlay also called ratio Iron Condor- Risk on 1 side only! Iron Condor Methodology #3
Class Ends 1 Hr and 50 min
Class #3: With Mark Fenton Teaching the Low Prob. IC. (delta of short call and put 14-16)
1- Intro and Outline for Today’s Class with Mark on Low Probability Iron Condors
6 min- Class Trade Review: (42 Days from expiration) Iron Condor in RUT from Nov 7 Class.
12:19- Class Trade:#4 Ratio Iron Condor: Call Credit Spread with debit Spread Overlay or Ratio Iron Condor (Friday Nov 7, we talked about this strategy from the put side). 202.5 Credit for this trade.
23:30- Class Teaching: with Mark Fenton: Iron Condor Methodology #4 Low Probability Iron Condor, 30-35 days from expiration. Using SPX and RUT for today’s teaching time.
1:16:40- Class Trade: #3 Low Probability Iron Condor (With Mark)
Class Ends 1Hr 20 min 59 sec
Class #4: With Dan Teaching his version of the Low Prob. IC. (delta of short call and put 14-16)
1- Intro and Today’s Outline
1:10 – Class Trade Review: #5 Class Trade GOOG Iron Condor (35 Days from Expiration)
33:10- Class Trade Review: #3 Class Trade Ratio Iron Condor Trade
51:30- Class Trade Review: Review long term Iron Condor initiated on November 7
53:20- Class Trade Review: #5 GOOG Class Trade initiated on Nov 14
1:01:08- Class Teaching: Dan’s Version of Low Probability Iron Condor (Little different version than what Mark taught, class today discusses differences) Iron Condor Methodology #5
1:55:50- Class Trade Review: #5 GOOG Class Trade initiated on Nov 14
Class Ends 1 hr 57 min 57 sec
Class #5: With Dan Teaching focusing on many different ADJUSTMENTS for the IC.
1- Intro and Today’s Outline
8:50- Class Teaching: Iron Condor Adjustments #5
1:15:40- Class Trade Review: #5 GOOG Iron Condor put on Nov 14
1:19:40- Class Trade Review: #3 Ratio Iron Condor (Couch Potato) put on Nov 12
1:22:35- Class Trade Review: Mark’s Low Probability Iron Condor put on Nov 12
1:25:40- Class Trade: AAPL Iron Condor (Think or Swim version where the delta of short call and put is between 25 and 30). Put on today.
Class Ends 1hr 39 min and 56 sec
Class #6: With Jay Bailey Teaching Narrow Strike IC (delta of short Call and Put 25-30)
1- Intro and today’s outline for Narrow Strike Iron Condor
3:15- Class Teaching: Narrow Strike Iron Condor Methodology #6 (also called Think or Swim version)
44:38- Class Trade: #7 Narrow Strike Iron Condor or Think or Swim Version put on today
58:40- Class Trade Review: #5 GOOG Iron Condor- Put on Nov 14
1:21:40- Class Trade Review: #6 AAPL Narrow Strike or Think or Swim Version Iron Condor, put on Nov 19
1:26:30- Class Trade Review: #3 Ratio Iron Condor put on Nov 12
1:55:20- Class Trade Review: Low Probability Iron Condor SPX (put on by Mark) trade initiated Nov 12
Class Ends 2 hr 8 min 55 sec
Class #7: With Dan Teaching 4 day IC. (No Adjustments)
1- Intro and today’s outline
1:35- Class Teaching: 4 Day Iron Condor SPX Iron Condor Methodology #7
48- Class Trade Review: #7 Skinny or Narrow Strike or Think or Swim Version Iron Condor put on Nov 21.
52- Class Trade Review: #6 AAPL Iron Condor (Narrow strike or Skinny or TOS version), put on Nov 19.
1:02:40- Class Trade Review: GOOG Iron Condor from Nov 14
1:20:40- Class Trade Review: Review SPX Ratio Iron Condor from Nov 12
Class Ends 1 hr 26 min 17 sec
Class #8: Final Class with Dan doing a class review and the 79 day Long Term IC.
1- Intro and today’s outline
17:30- Class Teaching: Iron Condor Class Review of the different Iron Condor Types covered in this Class. Dan went through each class and what Iron Condor Version was Covered. And what Iron Condor is best for you?
41:20- Class Teaching: 79 Day Long Term Iron Condor: Iron Condor Methodology #8
Class Ends 1 hr 23 min 42 sec
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.