File of Products :
Class DetailsClass DetailsIn this class, Dan Sheridan shares with you how he constructs, trades, and manages a portfolio of Weekly Trades.
FIRST CLASS WITH DAN 10K PORTFOLIO
0- Class Information
8:50- Today’s Class Outline
11:25- Sheridan Mentoring Philosophy of Trading Weekly or short term Option Trades
22- Financial Goals on 10K Weekly Portfolio
29:45- Greeks of Weekly or Short Term Iron Condor Trade
46:50- Trading Schedule for Weekly Trades
51:25- Index and ETF’s we trade
51:45- Stocks we trade for Weekly or short term Income Trades
57:05- Greeks of Double Diagonals ( Iron Condor alternative in low IV environment)
1:06:45- Getting Good Execution and Exit Prices
1:23:25- Today’s Live Trade: SPX Iron Condor I executed this trade at the close of trading.
SPX at 2274 and VIX at 11.26. Jan 20 Expiration, 8 Day Iron Condor. Buy 1 2320 Call and Sell 1 2310 Call.
Buy 1 2220 Put and Sell 1 2230 Put for a total credit of $.95 Credit. Margin for 1 contract is $905.
Looking to make 8-10% of Margin or Risk of $905. Profit target $70 – $90 per every 1 contract.
Maximum Loss is 10-12% or $90 – $110 for every 1 contract
CLASS #2 WITH DAN: SHORT TERM IRON CONDORS
2:00- Background on Dino and his journey learning Options
7: 37- Dino shares his experience and guidelines with the 4 Day Iron Condor
26:40- Dan comments on the 4 Day iron Condor and answers a few questions
34:25- SPX 7 Day High Probability Iron Condor
44:50- SPX 7 Day Low Probability Iron Condor
51:30- Trading Plan and Risk Management for a Short term Iron Condor
57:15- 1 Day SPX Iron Condor
1:02:50- Review of Live Class Trade from Previous Class
1:19:05- Talking about Live Trade for Today’s Class
End- 1:25:42 (1 Hour 25 minutes and 42 seconds)
CLASS #3 WITH DAN: BUTTERFLIES
Class trade put on this morning:
With SPX at 2269 Dan put on a 9 day Unbalanced PUT Butterfly
Buy 1 2295 Sell 2 2270 Buy 1 2240, Jan 27 expiration
Dan paid an 8.70 Debit at 10:55 am CT time
0- Intro and Today’s Outline
2:08- Today’s Live Class Trade: Broken Wing Butterfly
6:50- Today’s Class Outline
7:50- 8 Day Equidistant Iron Condor
9:25- Guidelines and Risk Management 8 Day Equidistant Iron Condor
17:20- 9 Day Unbalanced SPX Put Fly
20- Guidelines and Risk Management 9 Day Unbalanced SPX All Put Butterfly and Live Class Trade
25:55- Balanced Butterfly
29:10- Guidelines and Risk Management Balanced Butterfly
30:55- Review of Live Balanced Butterfly Trade
32:12- Key is to be consistent with these short term strategies, do these 20 weeks in a row.
CLASS#4 WITH DAN: CALENDARS & DAN TALKS A LITTLE MORE ABOUT BUTTERFLIES.
0- 3:35- Introduction
3:40- SPX 7 Day All Put Flat Fly and Guidelines
16:25- SPX 10 day Call Calendar with Guidelines
28:10- Review of Wednesday’s Class Butterfly Trade
32:45- Today’s Live Class Trade
CLASS #5 WITH MARK FENTON: THE WEEKLY CALL BUTTERFLY
0:00- Introduction and over view of the weekly call butterfly
6:00- Traits of the fly and when and how best to enter
13:00- Adjustments for the fly strategy
17:00- Graphic examples of fly management
23:00- Live fly analysis and set up
49:00- End Question and answer
CLASS # 6 WITH JAY BAILEY: 9 DAY CALENDAR
CLASS #7 WITH DAN: DOUBLE DIAGONALS & HIGH OCTANE BUTTERFLIES
0- Today’s Outline
1- 10 Day Double Diagonal with Guidelines and Risk Management
13:10- Trade Details of my Double Diagonal Example
13:23- 4 Step Risk Management Plan for the Double Diagonal
33:50- High Octane 2 Day Butterfly
37:05- Guidelines and Risk Management High Octane Butterflies
39:20- Review 2 Live Class Trades we have on.
CLASS #8 WITH DAN: DOUBLE CALENDARS (FINAL CLASS)
0- INTRO AND COMMENTS ON NEXT CLASS, TODAY’S OUTLINE, AND UPCOMING THINGS
3:40- 8 DAY SPX DOUBLE CALENDAR WITH GUIDELINES AND RISK MANAGEMENT
16:57- ADDITIONAL TRADE INFORMATION FOR THE DOUBLE CALENDAR
17:30- 8 DAY DOUBLE CALENDAR GUIDELINES AND RISK MANAGEMENT
22:05- TRADING PLAN GOING FORWARD!
27:35- NEXT ONLINE CLASS: 2 WEEK CLASS FOCUS ON 1 TYPE OF BUTTERFLY: THE MANGO
27:45- INFORMATION ON SHERIDAN MENTORING
28:17- QUESTION ON DOUBLE CALENDAR
29:30- REVIEW OF 2 LIVE TRADES FROM PREVIOUS CLASS
30:16- REVIEW OF LIVE HIGH OCTANE 2 DAY BUTTERFLY PUT ON IN PREVIOUS CLASS 2 DAYS AGO.
32:25- REVIEW OF LIVE 9 DAY DOUBLE DIAGONAL TRADE PUT ON WEDNESDAY, 2 DAYS AGO.
37:20- LIVE DOUBLE CALENDAR TRADE I PUT ON YESTERDAY IN A TRADING GROUP AT SHERIDAN MENTORING
45:55- 15 WEEK CHALLENGE FOR SHORT TERM TRADES
48:10- DINO, VETERAN SHERIDAN MENTORING STUDENT DISCUSSES HIS JOURNEY OF OPTION
TRADING AND THEN COVERS CONTINGENT ORDERS IN THINK OR SWIM.
49- DINO’S JOURNEY OF LEARNING OPTIONS TRADING
1:01:40- DINO TALKS ABOUT HOW TO PUT IN CONTINGENT ORDERS.