Dan Sheridan – 10K Portfolio In 2017

Class DetailsClass DetailsIn this class, Dan Sheridan shares with you how he constructs, trades, and manages a portfolio of Weekly Trades.

What You’ll Learn In 10K Portfolio In 2017?

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

• 0- Introduction
• 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.
• 35:11- END

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
• 52:19-END

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.
• 54:14- END

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.
• 1:24:08- END

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