Dan Sheridan – 8 Successful Iron Condor Methodologies

Detailed Class Content

Class #1: Short Strangle Alternative in SPX with Dan

00:1- Introduction of the class and the class page
00:4- Short Strangle explanation and discussion of Karen the Super Trader and how she trades strangles, I explain the strategy in detail.
24:45- Case study going over 3-4 examples of this strategy.
56:40- Example of this strategy during the August Correction.
1:12- Final Comments and Q and A
1:21- End

Class #2: Conventional 43 Day Iron Condor with Adjustments with Dan 

1- Intro
2:05- Class Page
4:30- Couple notes and quick review about Class #1 where I discussed and alternative strategy to a Naked Strangle.
15:15- Conventional 43 Day Iron Condor in SPX- Explaining the strategy ad guidelines
51:20- 2 examples of this strategy where I had to make an upside adjustment
1:17- Example of this strategy during the August correction. In this example, we show you how to adjust the downside.
1:37- End

Class #3: Equidistant Iron Condor and also 10 Day Iron Condor with Insurance with Dan 

1- Intro and presentation slides for today’s Iron Condor Methodologies
4:06- Which Iron Condor is best for me?
11:18- Equidistant Iron Condor (Print slides from Class Page to follow along)
59:30- Shorty SPX Iron Condors with Insurance (Print slides from Class Page to follow along)
1:28:50- Portillo’s Trading Challenge from Dan
1:34 – End

Class #4: Asymmetrical Condors with Jay Bailey

2:00– Begin Powerpoint Slides
2:30– Agenda
4:00– Good and bad points of a Traditional Condor
11:00– Concepts of the Asymmetrical Condor
16:00– Setup of the Asymmetrical
21:00– Hedging the downside with a put debit spread
26:00– Trade Guidelines
31:00– Upside Adjustments
35:20– Downside Adjustments
36:30– Real Example Trade
44:00– Lower Margin Version (Low Prob)
45:45– Example Low Prob
60:00– End

Class #5: Low Probability Iron Condor with Mark Fenton

0:00- Introduction
2:00- Begin power point presentation, Why trade an iron condor?
7:30- What is a low prob condor?
13:00- When do I use a low prob condor
17:00- 1 adjustment low prob condor set up and plan
27:30- First example trade
34:00- Second example trade
37:30- Third example trade
42:00- Fourth example trade
58:00- Q&A
67:10- End

Class #6: Put Credit Spread in RUT with a Specific Risk Management Plan

1- Intro and outline for today’s class
1:2- 30 Day RUT Put credit spread
2:45- Two reasons I am talking about a Put Credit Spread in RUT during an Iron Condor Class?
6:00- Question to students: What type of day are you looking for to enter put credit spreads?
6:30- My guidelines for this trade?
10:30 – Description of the 2 Risk Management methodologies I did on RUT put credit spreads?
11:42- #1 Risk Management Methodology and Plan for Put Credit Spreads with no adjustments.
19:10 – #2 Risk Management Methodology and Plan for Put Credit Spreads, rolling the put side when
RUT moves against us. (Dan goes over multiple examples of this methodology.)
Just over 1hour – END

Class #7: SPX Weekly Iron Condor with Dan

6:30- Analysis of increased Implied Volatility into Fed Announcement
6:30- Weekly SPX Iron Condor Guidelines and summary of Case Study
29:20- Multiple examples of this strategy
50:34- END

Class #8: Recap with Dan