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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