BUTTERFLY CLASS 2016 – BUTTERFLIES FOR MONTHLY INCOME

BUTTERFLY CLASS 2016 – BUTTERFLIES FOR MONTHLY INCOME
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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

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

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

 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.

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?
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