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.
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)