Butterfly Class 2016 – Butterflies for Monthly Income

Butterfly Class 2016 – Butterflies for Monthly Income includes 8 courses alternated by leading Butterfly class experts such as Mark Fenton, Dan, Jay Bailey.

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SKU:
MS21-00328
TOPIC:
MS Stock Trading

Course Overview

Butterfly Class 2016 comes 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.

 

Course Outline

First Class with Dan

  • 0 – Intro
  • 9:12 – Foundational discussion on Butterflies
  • 16: 45 – Long Butterfly with Calls, done for a debit
  • 37:20 – Live Trade Execution for Butterflies
  • 1:02:25 – Balanced Iron Butterfly 9 Days to Expiration (Weekly’s or Short Term) and Q&A
  • 1:15:45 – Guidelines short term Weekly Balanced Iron Butterfly
  • 1:37:20 – Live Trade execution and discussion for an Iron Butterfly
  • 1:59:59 – END

 

Second Class with Dan

  • 0 – Intro
  • 1:15 – Review Class Live Trades
  • 23:25 – Greeks of Longer Duration Balanced Butterflies
  • 47:20 – Example of Longer Duration All Call Balanced Butterfly (49 Days from Expiration)
  • 54:40 – Stock Butterflies: Using GOOGL example, 29 Day Trade
  • 62:25 – Guidelines for Stock Balanced Butterflies that are neutral and Adjustments
  • 69:39 – How to reduce short Deltas with Balanced Butterflies in SPX and RUT: Intro to Broken Wing Butterflies
  • 78:05 – Differences between Balanced and Unbalanced Butterflies
  • 79:35 – Looking at live Butterfly trade for today’s Class and Q and A at the end.
  • 108:19 – End

 

Third Class with Mark Fenton

  • 0:00- Introduction
  • 3:00- Basic structure of the SPX all put flat fly
  • 6:00- SPX all put flat fly live trade illustration and entry guidelines
  • 15:00- question and answer
  • 17:00- All put flat fly adjustments and trade illustration
  • 41:00- SPX flat iron flies basic structure and live trade illustration
  • 48:00- SPX flat iron fly adjustments and trade illustration
  • 60:00- Live class trade of SPX all put flat fly placed
  • 65:00- End Question and answer

 

Fourth Class with Jay Bailey

  • 0 – Introduction
  • 1:50 – Mango Butterfly (Unbalanced or Broken Wing Butterfly)
  • 16:55 – Iron Butterfly- Mango- Guidelines (Looking at Cheat Sheet)
  • 23:55 – Looking at adjustments: 2 Main Adjustments
  • 39:15 – other Market scenarios for the Mango (Looking at the cheat sheet)
  • 49:25 – When to buy a put on the downside with the Mango or any other strategy? (What to do when you have a big down day?)
  • 1:00:52 – End

 

Fifth Class with Dan

  • 0 – Intro and Q and A
  • 15 – Live Butterfly Class Trade for Today’s Class
  • 31:10 – Review of Mark Fenton’s Butterfly Class he taught
  • 53:30 – Review of Jay Baileys Butterfly Class he taught
  • 1:06:18 – Dan’s Interpretation of when to apply the various Butterfly Strategies you have learned so far in the class.
  • 1:18:42 – Conclusion of class and closing remarks
  • 1:19- Review of last Live Trade I put on
  • 1:21:19 – END

 

Class Six with Dan

  • 0 – Intro
  • 3:10 – Review Class Live Trade and adjustment and risk management ideas and some Q and A
  • 37 – Live Trade for Today’s Class
  • 52:40 – Reduced Vega Butterfly
  • 1:02 – Guidelines for SPX Balanced Butterfly
  • 1:03 – Stock Butterflies: Using AMZN as an example
  • 1:04:55 – Greeks of Various Butterflies reinforcing the different Greeks for different Butterfly Trades
  • 1:13:30 – End

Class Seven with Mark Fenton

  • 0:00 – Review of previous class trade and closing it at a profit
  • 10:00 – Directional or time bomb butterfly basic structure and entry guidelines
  • 13:00 – DKS earnings release trade reviewed
  • 27:00 – Question and answer
  • 33:00 – SPX time bomb butterfly illustration
  • 50:00 – END: with Q&A

 

Eighth and Final class with Dan

  • 0 min – Intro and closing remarks of Butterfly class
  • 1:00 – Brief comments about our Mentoring Program
  • 2:40 – Q and A Defining Broken Wing Butterflies
  • 5:14 – Q and A Will I cover the 1-4-3 Butterfly?
  • 6:38 – What will we cover in today’s Class?
  • 7:10 – Comments about my Live Trades done during this 4 week Class
  • 8:15 – Summary: SPX 8 Days to Expiration Balanced Butterfly (Weekly or Short Term Trade). All Calls.
  • 30:45 – Summary: SPX 35 Days to Expiration At-the-Money Balanced Butterfly. All Calls
  • 33:00 – Summary: SPX 35 Days to Expiration At-the-Money Unbalanced or Broken Wing Butterfly. All Calls
  • 42:20 – Summary: SPX 35 Days to Expiration At-the-Money MORE Unbalanced or Broken Wing Butterfly. All Calls.
  • 46:40 – Summary: SPX 35 Days to Expiration Unbalanced or Broken Wing Out of the Money Put Butterfly and adjustments.
  • 1:03:35 – SPX Put Unbalanced or Broken Wing Out of the Money Iron Butterfly.
  • 1:07 – SPX Put unbalanced or Broken Wing OTM Bullish Iron Butterfly.
  • 1:07:55 – Butterfly Battle Plan
  • 1:08:45 – Adjustments for Butterflies
  • 1:10:25 – Q and A
  • 1:15:58 – Questions and Comments about Sheridan Mentoring and why it’s unique?
  • 1:17:07 – END

 

What will you learn?

  • Basics, Different Butterfly types, The Greeks and Live Trade Execution
  • Balanced Butterflies, Continuing The Greeks, & Intro on Broken Wing Butterflies
  • Flat Iron and All Put Butterfly
  • The Mango Butterfly
  • Reduced Vega Butterfly, Stock Butterflies, Extensive review of a class trade and discussion of today’s live trade
  • Directional Butterflies
  • Summary and Greeks of 7 Butterflies and Butterfly Battle Plan moving forward

 

Who is this course for?

  • Butterfly Class 2016 is suitable for both beginners and experienced people
  • For those who want to deeply apply the knowledge and skills of Butterfly Class to their trading
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Dan Sheridan

14 Courses
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