Dan Sheridan Butterfly Course + Iron Condor Class Bundle Pack – Sheridan Mentoring
Dan Sheridan Butterfly Course + Iron Condor Class Bundle Pack by Sheridan Mentoring teaches you professional butterfly options trading techniques for trading success.
Butterfly options trades come in a variety of styles. Dan Sheridan Butterfly Course + Iron Condor Class Bundle Pack will equip you to be a top-tier Butterfly trader. The course equips you with various types of butterfly trading strategies.
First Class: With Dan talking about: The Split Strike Butterfly
- Introduction and outline for Today’s Class
- Description of Class Page and its contents and how to ask questions and see archived recordings.
- Introductory Teaching: Butterfly Material, Greeks of the Iron Butterfly,
- comparison to Iron Condors, Longer Duration Iron Butterflies versus shorter duration Iron Butterflies like Weeklys.
- Teaching: Split Strike Butterfly
- Today’s Live Class Trade #1: RUT Split Strike Butterfly
Second Class: With Dan talking about: Weekly SPX Butterfly
- Intro and outline for today
- Teaching: Stock Butterfly Candidates
- Live trade for today’s Class and Teaching on the Weekly Unbalanced Butterfly: SPX Weekly Unbalanced Iron Butterfly
- Case Study in the Weekly Unbalanced Iron Butterfly with Risk Management, Tweaks, and Adjustments.
Third Class: With Dan talking about: SPX Put Broken Wing Butterfly
- Question on extended trading hours in SPX
- Class Topic Today: Broken Wing Butterfly in SPX in the Puts
- Review Current Class Trade #1 RUT Split Strike Butterfly
- Review Current Class Trade #2 SPX Weekly Unbalanced Iron Butterfly that we took off for a profit
- Live trade for this class: Broken Wing Butterfly in SPX
- Teaching: Broken Wing Butterfly with full Risk Management Plan with adjustments, word document included.
- The Last look at today’s live Broken Wing Butterfly
Fourth Class: With Dan talking about: The 30 -40 Day ATM Butterfly
- Dan talked about Annotation on Class page
- 40 Day RUT Butterfly (at -the -money). Dan just gave a quick introduction here.
- Review of Class Trade #1: Split Strike Butterfly in RUT
- Review of Class Trade #3: Broken Wing Butterfly in SPX and accompanying adjustment
- Question: Can we do a double broken wing butterfly, one on the call side and put side? Dan shows an example.
- Teaching: Monthly Butterfly in SPX with Word Doc
- Set up 3 Popular Butterfly Techniques in Sheridan Community (Set up means how you initiate the Butterfly).
- 3 Techniques are Neutral Balanced Butterfly, Neutral Unbalanced Butterfly, and Bearish Butterfly.
- Teaching and Case Study: Monthly Butterfly in RUT
Fifth Class: With Dan talking about: The 30 -40 Day ATM Balanced Butterfly in RUT, SPX, and AAPL
- Intro, what I’ll cover today
- Reviewed annotation of last class on the class page
- Teaching: AAPL Stock Butterfly example (Using word doc or PDF): Introductory comments
- Question: How do we select stocks or Indexes for Broken Wing Butterfly Trade
- Teaching: AAPL Stock Butterfly (going off of PDF with guidelines). Covered plan and adjustments.
- Review Class Trade: Broken Wing Butterfly Trade #3 in SPX
- Live Class Trade for today’s Class: RUT 37 -38 Day Iron Butterfly (Unbalanced) for $32.85 credit
- Teaching: Balanced Iron Butterfly in RUT with setup and plan and adjustments
- Announcement: upcoming seminars in Phoenix and Chicago
Sixth Class: With Dan talking about: Talking Directional Butterflies
- Picking stocks for Directional Butterflies
- Calls or Puts for Directional Butterflies
- Technical Considerations for Directional Butterflies
- Duration of Directional Butterflies
- What strikes to use for a short strike?
- Width of Butterfly?
- Cost of Butterfly and buying a butterfly for zero?
- Adjustments to a Directional Butterfly?
- Q and A Positive Vega to Bearish Butterfly on the upside? (Using AMZN example in class)
- Review Class Trade #3 SPX Broken Wing Butterfly
- Review Class Trade # 4 RUT Imbalanced Butterfly
- Live Class Trade: AAPL Iron Butterfly 30 Days to Expiration
Seventh Class: With Dan talking about: Portfolio of Butterflies, Mixed Expiration Butterflies, Double Broken Wing Butterflies, and Double Time Bomb Butterflies
- Intro and outline of today’s class
- Teaching Time: Running a $10,000 Portfolio of Butterflies
- Teaching: Mixed Month or Mixed Expiration Butterflies to hedge the short Vega risk of Butterflies
- Teaching: Double Broken Wing Butterflies as an alternative to Iron Condors
- Review Class Trades: Trade #3 Broken Wing Butterfly
- Review Class Trades: Trade #4 Iron Butterfly in RUT
- Review Class Trades: Trade #5 AAPL Iron Butterfly
- End – Q and A and general discussion
Eighth and final Class with Dan: Insurance for Butterflies and Butterfly Adjustments
- Teaching: Intro and today’s outline
- Teaching: 4 most Popular Butterfly adjustments
- Teaching: Insurance for Butterfly Trades (Using AMZN as an example)
- Live Trade: SPX Weeklys
What Will You Learn?
- Learn about the different types of Butterfly Strategies, including the Split Strike Butterfly, the Weekly Unbalanced Butterfly, the Broken Wing Butterfly, and many more – as well as when to trade each
- 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 more
Who Is This Course For?
Dan Sheridan Butterfly Course + Iron Condor Class Bundle Pack is for traders in stock trading, and options trading at all levels.
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