Dan Sheridan – Trading Weekly Options for Income in 2016

Salepage : Dan Sheridan – Trading Weekly Options for Income in 2016

Class Format

This class will be live twice a week for three weeks.

Free Webinar 3/3/2016, Dan will share with you what he will cover in the class.

This class consists of 6, 1 hour long sessions.

Class meets every Wed and Fri for 3 weeks.

• You are welcome to email questions directly to Dan or another mentor outside of the class time.
• You will have full access to each recording for at least 6 months. Each session will be recorded and archived.
• All fees for online classes are deductible towards our GOLD Mentoring Program ($1000 limit)

Learn to Trade Weeklys from a 30+ year Options Veteran!

In this class, Dan Sheridan shares with you how he constructs, trades, and manages his Weekly Options positions. 

See the Tentative agenda for this class below:

• Free Webinar Thur. March 3rd.
• 1st Class Wed Mar 16:  Iron Condors
• 2nd Class Fri Mar 18: Iron Condors: Part 2
• 3rd Class Wed Mar 23: Calendars
• 4th Class Fri Mar 25: Calendars: Part 2
• 5th Class Wed Mar 30: Butterflies
• 6th Class Fri Apr 1: Butterflies: Part 2

Dan will look to put on a live trade in each class that you can follow along with.

Detailed Class Content

Class #1: With Dan

Topic: NFLX Double Diagonal

• 0- Introduction and information on the class
• 14:25- Whiteboard chalk talk on Double Diagonals and Iron Condor basics
• 40:30- Power point on Double Diagonals
• 81:30- Going over a live Double Diagonal Weekly Trade in my Brokerage platform
• 120:55- End of class (Class time 2 hours)

Class #2: With Dino Karahalios

Topic: Weekly SPX Iron Condors with Dino

• 0- Introduction with Dino and a discussion on his journey to become a Successful Options Trader
• 12:25- Guidelines Weekly Iron Condor with a risk management plan and several examples.
• 85:04- End of class (1 hour 25 minutes)

Class #3: With Dan

Topic: Weekly Butterflies

• 0 min- Intro, Today’s Class, Announcements
• 5:15- Review of live Class Trades
• 20:25- Today’s live Class Trade: SPX Weekly Butterfly and execution discussion
• 38:40- Whiteboard Chalk talk: Big Picture Plan for a $30,000 Portfolio of Option Trades
• 47:40- Weekly Butterflies in SPX and my live Butterfly Weekly Trade
• 52:25- Weekly Butterfly Guidelines
• 78:05- Discussion of June Chicago Options Seminar
• 80:01- End of class (1 hour 20 minutes)

Class #4: With Dan

Topic: Weekly Calendars (Beginner, Intermediate, and Advanced Methodologies)

• 0 min- Introduction, todays class, and announcements
• 2:10- Whiteboard Chalk talk: Call Butterfly versus Put Butterfly versus Iron Butterfly
• 14:05- Todays Live Trade : Weekly Calendar and a discussion on execution
• 43- Q and A: How does a Calendar make money ( Beginner Question)
• 50:35- Whiteboard Chalk talk: Putting on different Butterflies based on SPX or RUT price levels
• and my adjustment methodology for Weekly Butterflies
• 60:10- Guidelines for Weekly Calendars: Methodology # 1 for Beginners, Methodology #2 for Intermediate traders,
• and Methodology #3 for advanced traders.
• 98:55-End of Class (1 hour 38 minutes)

Class #5: With Dan

Topic: Weekly Ratio Butterfly

• 0 min- Introduction, announcements, and what we will cover today
• 8:25-Whiteboard Chalk talk : Butterflies and Adjustments
• 25:25- Review Live Weekly Calendar Trade from previous class
• 34:35- Jay Bailey’s Average True Range Indicator for Weekly Calendar Trades
• 45- Live Trade for today: Weekly Ratio Butterfly in SPX (Discussed Execution process)
• 54:10- Guidelines Ratio Butterfly in SPX including Risk Management Plan and adjustments
• 70:53- End of Class (1 hour 10 minutes)

Class #6: Final Class with Dan

Topic: Class and Strategy Review + Student Q & A.

• 0 min- Introduction
• 47- Access to archived materials going forward?
• 1:55- Next Online Class?
• 2:13- Mentoring at Sheridan Mentoring?
• 2:43- Live June 2016 Chicago seminar.
• 4:25- Which Weekly strategy covered in class should I use OR Which is the best strategy?
• 5:22- How much capital should I trade each week?
• 5:55- How many Weekly strategies should I trade each week?
• 6:15- What yields should I expect when I trade these strategies?
• 8:20- How to build a good Weeklys foundation?
• 8:32- Ideal duration for weekly Trades?
• 9:04- How to diversify my price risk with Weekly Trades?
• 9:19- Should I adjust Weekly Trades?
• 10:07- How to get good execution on Weekly Trades?
• 11:16- Best vehicles to trade for Weekly Trades?
• 11:41- How to get good commissions on Weekly Trades?
• 14:17- Q & A, What to do with a Weekly Iron Condor when you hit the Max Loss before you even hit one of the short strikes of the Iron Condor?
• 16- Q & A, Which strategy is best for specific market conditions?
• 18:04- Q & A, Which 2 strategies are your go to Weekly Strategies?
• 18:39- Q & A, Would you still do Iron Condors if the implied volatility was low?
• 19:33- Q & A, Would I ever trade SPY or IWM for Weekly Strategies?
• 20:03- Q & A, Do the customers of this class qualify for some of the reduced rates Sheridan Mentoring students get with Brokers?
• 20:23- Q & A, Is there 1 strategy to stick with above all strategies?
• 21:38- Q & A, What should be the next logical progression for students who have taken this class?
• 22:28- Q & A, Do I get out of Iron Condors for the Maximum Loss even if the price of the underlying is within the profitable
• area of the graph between the short strikes?
• 23:29- Q & A, How do I scale out of a trade when I have multiple contracts on?
• 24:50- Q & A, Did any of the 6 live trades put on during this class lose money?
• 26:53- Q & A, What is the “Sheridan Community” and what is Sheridan mentoring all about?
• 29:20- Review of Class Strategies with an example: Weekly Ratio Butterfly (from Class #5 on Friday April 1)
• 38:20- Review of Class Strategies with an example: Weekly Butterfly (from Class #3 on Wednesday March 23)
• 44:38- Review of Class Strategies with an example: Weekly Iron Condor (from Class #2 Friday March 18)
• 48:55- Review of Class Strategies with an example: Weekly Calendar (from Class #4 Wednesday March 30)
• 51:45- Q & A, How to adjust Weekly Iron Condors?
• 53:30- Q & A, Comments about the new Wednesday Weekly Expirations.
• 54:08- Q & A, How to adjust a Weekly Calendar?
• 58:05- Review of Class Strategies with an example: Double Diagonal in NFLX (from Class #1 Wednesday March 16)
• 64:35- Q & A, In a fast moving market do I sit tight with my trade or adjust?
• 65:25- Q & A, Comment about the Wednesday Weekly Expirations that have been recently introduced.
• 65:40- Q & A, Why did the NFLX Graph in the above Double Diagonal example look so bad?
• 66:32- Q & A, In above NFLX Double Diagonal example, how do I know I’m at a Max Loss?
• 67:30- Q & A, In above NFLX Double Diagonal example, how do I know when I have made my profit target?
• 69:09- Q & A, Do you have to do 1-on-1 training with Sheridan mentoring to join the Sheridan mentoring Community?
• 68:56- End (1:8:56)

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