Sheridanmentoring - THE ALL PUT FLAT BUTTERFLY
THE ALL PUT FLAT BUTTERFLY
This is one of the unique strategies from within the Sheridan Community.
In this class, Dan Sheridan shares with you how he constructs, trades, and manages the all put flat fly.
Detailed PUT FLAT BUTTERFLY
Class #1 with Dan: All PUT Flat Fly
0:00- Introduction, Philosophy and Outline of All Put Flat Fly
10:55- Dan Puts on Live Trade, All Put Flat Fly in SPX
34:55- Whiteboard Teaching on the All Put Flat Fly, discussing structure and characteristics of this trade.
54:10- SPX All Put Flat Fly Components
59:46- All Put Flat Fly Cost and Basics
62:00- Upside Adjustments: Put Credit Spreads
71:00- Downside Adjustments: Put Debit Spreads
Class #2 With Mark Fenton: The All PUT Flat Fly
0:00- Dan introduction and discussion of his previous live trade.
20:00- Introduction of the All put fly and Mark’s experience with it.
27:00- The basic set of the SPX all put flat fly and profit /loss levels.
31:00- Adjusting the all put flat fly.
37:00- Graph examples of all put flat fly set up and adjustment.
47:00- Graph examples of second adjustments to the fly.
51:00- Live trade example.
69:00- Q& A, End
Class #3 With Dan: Contrasting Different All Put Flat Fly Methodologies.
0:45- Review of Live Class Trades
21:30- Review of Mark’s All Put Flat Fly and Risk Management Guidelines
29:20- Q & A
32:51- 1 Year SPX Price Chart
32:57- Example of 46 Day All Put Flat Fly (Dan comparing different adjustment methodologies)
37:37- Above example 2 days later on a big down day.
42:12- Mark’s Upside Adjustment: The Double Butterfly
47:21- Put Credit Spread Adjustment on the upside
53:50- Wider Put Credit Spread Adjustment on the Upside
56:24- Longer Duration All Put Flat Fly: 66 Days till Duration
59:25- Shorter Term All Put Flat Fly: 16 Days till Expiration
62:30- Looking at the Market on a big down day, SPX down 1.5% today. Discussed Standard Deviation.
Class #4 with Dan: Short Term All Put Flat Flys
3:07- Comment on current Live Class Trades
3:55- Short term 14 Day All Put Flat Fly example with Guidelines and Adjustments
26:15- Dan’s favorite way of doing Short Term All Put Flat Fly
28:47- Discussion of Live 2 Day Chicago seminar June 15-16, 2017
29:50- Review of Live Class Trades, discussion of adjustments, methodology and some Q&A.