Dan Sheridan Butterfly Course (Sep 2012)

Description

Learn to Trade with Butterfly Strategies

 

Class Description: Butterfly options trades come in a variety of styles. 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, much more! This class will equip you to be a top-tier Butterfly trader.

 

Class Format: This class is a collection of video recordings from the actual Live class that began February 25, 2015. Once a student buys a class, an email is then sent, containing login credentials to access the archived class page. Typically, each class runs for four weeks, with two classes each week. Some classes contain additional videos and sessions. Purchasing access to a class gives 6 months of access to all class recordings, as well as trade updates, PDF’s and PowerPoints. Any questions? Email us at [email protected]

 

Class Specifics:

 

You are welcome to ask questions directly to Dan or another mentor

Each class recording is a minimum of 1 hour, total of 10-12 hours approximately

Supplemental videos on brokers (OptionNet Explorer, TOS Contingent orders)

You can optionally purchase a 4-week trial of OptionNET Explorer for an additional 25 GBP Click Here

All fees for online classes are deductible towards our GOLD Mentoring Program ($1000 limit) Click Here

Detailed Class Content

First Class: With Dan talking about: The Split Strike Butterfly

1- Introduction and outline for Today’s Class

1:15- Description of Class Page and its contents and how to ask questions and see archived recordings.

3:55- Introductory Teaching: Butterfly Material, Greeks of the Iron Butterfly,

comparison to Iron Condors, Longer Duration Iron Butterflies versus shorter duration Iron Butterflies like Weeklys.

47- Teaching: Split Strike Butterfly

1:13- Today’s Live Class Trade #1: RUT Split Strike Butterfly

Class Ends at 1 hr 31 min and 30 sec

 

Second Class: With Dan talking about: Weekly SPX Butterfly

1-4: Intro and outline for today

4- Teaching: Stock Butterfly Candidates

33:55- Live trade for today’s Class and Teaching on the Weekly Unbalanced Butterfly: SPX Weekly Unbalanced Iron Butterfly

46:20- Case Study in the Weekly Unbalanced Iron Butterfly with Risk Management, Tweaks, and Adjustments.

Class Ends at 1 hr, 33 min and 49 sec

 

Third Class: With Dan talking about: SPX Put Broken Wing Butterfly

.27- Question on extended trading hours in SPX

1:30- Class Topic Today: Broken Wing Butterfly in SPX in the Puts

2:40- Review Current Class Trade #1 RUT Split Strike Butterfly

6:20- Review Current Class Trade #2 SPX Weekly Unbalanced Iron Butterfly that we took off for a profit

9:35- Live trade for this class: Broken Wing Butterfly in SPX

14:15- Teaching: Broken Wing Butterfly with full Risk Management Plan with adjustments, word document included.

1:07:40- Last look at today’s live Broken Wing Butterfly

Class Ends at 1 hr 9 min and 41 sec

 

Fourth Class: With Dan talking about: The 30-40 Day ATM Butterfly

0- Introduction

1- Dan talked about Annotation on Class page

5- Teaching: 35-40 Day RUT Butterfly (at-the-money). Dan just gave a quick introduction here.

6:50- Review of Class Trade #1: Split Strike Butterfly in RUT

14:40- Review of Class Trade #3: Broken Wing Butterfly in SPX and accompanying adjustment

29:15- Question: Can we do an double broken wing butterfly, one on call side and put side? Dan shows an example.

32:30- Teaching: Monthly Butterfly in SPX with Word Doc

33:50- Set up of 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.

58:35- Teaching and Case Study: Monthly Butterfly in RUT

Class Ends at 1hr 32 min 1 sec

 

Fifth Class: With Dan talking about: The 30-40 Day ATM Balanced Butterfly in RUT, SPX, and AAPL

0- Intro, what I’ll cover today

1:00- Reviewed annotation of last class on the class page

4:05- Teaching: AAPL Stock Butterfly example (Using word doc or PDF): Introductory comments

4:45- Question: How do we select stocks or Indexes for Broken Wing Butterfly Trade

6:25- Teaching: AAPL Stock Butterfly (going off of PDF with guidelines). Covered plan and adjustments.

43:10- Review Class Trade: Broken Wing Butterfly Trade #3 in SPX

49:45- Live Class Trade for today’s Class: RUT 37-38 Day Iron Butterfly (Unbalanced) for $32.85 credit

55:05- Teaching: Balanced Iron Butterfly in RUT with setup and plan and adjustments

1:10:09- Announcement: upcoming seminars in Phoenix and Chicago

Class Ends 1 hr 12 min and 39 sec

 

Sixth Class: With Dan talking about: Talking Directional Butterflies

1- Introduction

1:38- Picking stocks for Directional Butterflies

4:10- Calls or Puts for Directional Butterflies

4:33- Technical Considerations for Directional Butterflies

5:40- Duration of Directional Butterflies

6:36- What strikes to use for short strike?

8:35- Width of Butterfly?

11:13- Cost of Butterfly and buying a butterfly for zero?

11:55- Adjustments to an Directional Butterfly?

29:21- Q and A Positive Vega to Bearish Butterfly on upside? (Using AMZN example in class)

32:45- Review Class Trade #3 SPX Broken Wing Butterfly

40:20- Review Class Trade # 4 RUT Imbalanced Butterfly

48:35- Live Class Trade: AAPL Iron Butterfly 30 Days to Expiration

Class Ends 1 hr 27 sec

 

Seventh Class: With Dan talking about: Portfolio of Butterflies, Mixed Expiration Butterflies, Double Broken Wing Butterflies, and Double Time Bomb Butterflies

1- Intro and outline of today’s class

2:00- Teaching Time: Running a $10,000 Portfolio of Butterflies

9:10- Teaching: Mixed Month or Mixed Expiration Butterflies to hedge the short Vega risk of Butterflies

26:20- Teaching: Double Broken Wing Butterflies as an alternative to Iron Condors

39- Review Class Trades: Trade #3 Broken Wing Butterfly

47:50- Review Class Trades: Trade #4 Iron Butterfly in RUT

50- Review Class Trades: Trade #5 AAPL Iron Butterfly

56:37-End- Q and A and general discussion

 

Eighth and final Class with Dan: Insurance for Butterflies and Butterfly Adjustments

1- Teaching: Intro and today’s outline

1:10- Teaching: 4 most Popular Butterfly adjustments

52- Teaching: Insurance for Butterfly Trades (Using AMZN as an example)

1:02:20- Live Trade: SPX Weeklys

Class Ends 1 hr 15 min and 6 sec