Dan Sheridan - Broken Wing Butterflies in a High Vol Environment

Instructor: Dan Sheridan
Format: Online Video Course (Recorded Live Sessions)
Skill Level: Intermediate to Advanced Options Traders

Course Overview:
When volatility surges and markets get turbulent, most income strategies struggle—or retreat. But not the Broken Wing Butterfly (BWB). In this focused and timely course, Dan Sheridan teaches you how to strategically deploy and manage Broken Wing Butterflies specifically designed to thrive in high-volatility environments.

Recorded in a real-time market setting, this course dives deep into the structural advantages of the BWB during elevated VIX conditions, giving traders the tools and confidence to stay active and profitable—even when the market is nervous. Dan shares his step-by-step framework for building high-probability trades with wider profit zones, lower risk profiles, and built-in flexibility that’s ideal for volatile conditions.

What You’ll Learn:
✔️ Why Broken Wing Butterflies are ideal for high volatility markets
✔️ How to structure BWBs to take advantage of inflated premium and skew
✔️ Selecting strike widths, durations, and entry points based on VIX levels
✔️ Capital-efficient setups that balance risk and reward
✔️ Adjusting vs. defending: When to take action and when to leave it alone
✔️ Managing Delta, Vega, and Theta in a fast-moving environment
✔️ Dan’s checklist for trade planning, monitoring, and exit criteria
✔️ Live examples using SPX and other liquid underlyings with real-time trade management

Course Includes:
✅ Lifetime access to all recorded sessions and trade walkthroughs
✅ Downloadable trade templates and setup guides
✅ Dan’s personal tracking tools and adjustment playbook
✅ Real trades entered and managed in high-volatility market conditions
✅ Access to student Q&A, feedback, and bonus commentary

Who This Course Is For:

• Intermediate and advanced traders seeking high-probability trades in volatile markets
• Traders frustrated with whipsaw losses or paralyzed by rising VIX
• Options traders looking for a defined-risk strategy that adapts to market turbulence
• Students familiar with basic butterflies and vertical spreads who want a more flexible income strategy
• Active traders who want to add a non-directional, volatility-smart edge to their portfolios

About the Instructor:
Dan Sheridan, founder of Sheridan Options Mentoring and former CBOE floor trader, has over 30 years of experience teaching traders how to navigate all market conditions. Known for his clear, practical teaching style and risk-first mindset, Dan delivers strategies that stand the test of time—and volatility. This course brings together his best insights on Broken Wing Butterflies and how to make them work in the toughest markets.