Butterfly Class 2016 – Butterflies for Monthly Income

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