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.
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
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)