Butterfly Class 2016 Butterflies For Monthly Income

Dan Sheridan

By Rub... on Apr 2, 2020

- Butterfly Class 2016 Butterflies For

Class Details Class Description:Butterfly options trades come in a variety of styles. Learn about the different types of Butterfly Strategies. 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. 

First Class with Dan

Basics, Different Butterfly types, The Greeks and Live Trade Execution

  • 0- Intro
  • 9:12- Foundational discussion on Butterflies
  • 16: 45- Long Butterfly with Calls, done for a debit
  • 37:20- Live Trade Execution for Butterflies
  • 1:02:25- Balanced Iron Butterfly 9 Days to Expiration (Weekly’s or Short Term) and Q and A
  • 1:15:45- Guidelines short term Weekly Balanced Iron Butterfly
  • 1:37:20- Live Trade execution and discussion for an Iron Butterfly
  • 1:59:59- END 

Second Class with Dan

Balanced Butterflies, Continuing The Greeks, & Intro on Broken Wing Butterflies 

0- Intro 1:15- Review Class Live Trades 23:25- Greeks of Longer Duration Balanced Butterflies 47:20- Example of Longer Duration All Call Balanced Butterfly (49 Days from Expiration) 54:40- Stock Butterflies: Using GOOGL example, 29 Day Trade 62:25- Guidelines for Stock Balanced Butterflies that are neutral and Adjustments 69:39- How to reduce short Deltas with Balanced Butterflies in SPX and RUT: Intro to Broken Wing Butterflies 78:05- Differences between Balanced and Unbalanced Butterflies 79:35- Looking at live Butterfly trade for today’s Class and Q and A at the end. 108:19 – End

Third Class with Mark Fenton

Flat Iron and All Put Butterfly 

  • 0:00- Introduction
  • 3:00- Basic structure of the SPX all put flat fly
  • 6:00- SPX all put flat fly live trade illustration and entry guidelines
  • 15:00- question and answer
  • 17:00- All put flat fly adjustments and trade illustration
  • 41:00- SPX flat iron fly basic structure and live trade illustration
  • 48:00- SPX flat iron fly adjustments and trade illustration
  • 60:00- Live class trade of SPX all put flat fly placed
  • 65:00- End Question and answer 

Fourth Class with Jay Bailey 

The Mango Butterfly 

  • 0- Introduction
  • 1:50- Mango Butterfly (Unbalanced or Broken Wing Butterfly)
  • 16:55- Iron Butterfly- Mango- Guidelines (Looking at Cheat Sheet)
  • 23:55- Looking at adjustments: 2 Main Adjustments
  • 39:15- other Market scenarios for the Mango (Looking at cheat sheet)
  • 49:25- When to buy a put on the downside with the Mango or any other strategy? (What to do when you get a big down day?)
  • 1:00:52- End 

Fifth Class with Dan

Reviews the first 4 classes and puts on a live trade 

  • 0- Intro and Q and A
  • 15- Live Butterfly Class Trade for Today’s Class
  • 31:10- Review of Mark Fenton’s Butterfly Class he taught
  • 53:30- Review of Jay Baileys Butterfly Class he taught
  • 1:06:18- Dan’s Interpretation of when to apply the various Butterfly Strategies you have learned so far in the class.
  • 1:18:42- Conclusion of class and closing remarks
  • 1:19- Review of last Live Trade I put on
  • 1:21:19- END 

Class Six with Dan

Reduced Vega Butterfly, Stock Butterflies, Extensive review of a class trade and discussion of today’s live trade. 

  • 0- Intro
  • 3:10- Review Class Live Trade and adjustment and risk management ideas and some Q and A
  • 37- Live Trade for Today’s Class
  • 52:40- Reduced Vega Butterfly
  • 1:02- Guidelines for SPX Balanced Butterfly
  • 1:03- Stock Butterflies: Using AMZN as an example
  • 1:04:55- Greeks of Various Butterflies reinforcing the different Greeks for different Butterfly Trades
  • 1:13:30- End  

Class Seven with Mark Fenton 

Directional Butterflies 

  • 0:00- Review of previous class trade and closing it at a profit
  • 10:00- Directional or time bomb butterfly basic structure and entry guidelines
  • 13:00- DKS earnings release trade reviewed
  • 27:00- Question and answer
  • 33:00- SPX time bomb butterfly illustration
  • 50:00- END: with Q&A  

Eighth and Final class with Dan

Summary and Greeks of 7 Butterflies and Butterfly Battle Plan moving forward and also some Q and A 

  • 0 min- Intro and closing remarks of Butterfly class
  • 1:00- Brief comments about our Mentoring Program
  • 2:40- Q and A Defining Broken Wing Butterflies
  • 5:14- Q and A Will I cover the 1-4-3 Butterfly?
  • 6:38- What will we cover in today’s Class?
  • 7:10- Comments about my Live Trades done during this 4 week Class
  • 8:15- Summary: SPX 8 Days to Expiration Balanced Butterfly (Weekly or Short Term Trade). All Calls.
  • 30:45- Summary: SPX 35 Days to Expiration At-the-Money Balanced Butterfly. All Calls
  • 33:00 – Summary: SPX 35 Days to Expiration At-the-Money Unbalanced or Broken Wing Butterfly. All Calls
  • 42:20- Summary: SPX 35 Days to Expiration At-the-Money MORE Unbalanced or Broken Wing Butterfly. All Calls.
  • 46:40- Summary: SPX 35 Days to Expiration Unbalanced or Broken Wing Out of the Money Put Butterfly and adjustments.
  • 1:03:35- SPX Put Unbalanced or Broken Wing Out of the Money Iron Butterfly.
  • 1:07- SPX Put unbalanced or Broken Wing OTM Bullish Iron Butterfly.
  • 1:07:55- Butterfly Battle Plan 1:08:45- Adjustments for Butterflies
  • 1:10:25- Q and A
  • 1:15:58- Questions and Comments about Sheridan Mentoring and why it’s unique?
  • 1:17:07- END

Dan Sheridan – Butterfly Class 2016 Butterflies For Monthly Income, Butterfly Class 2016 Butterflies For Monthly Income, Dan Sheridan.

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