Dan Sheridan - Directional Butterflies

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

Course Overview:
In Directional Butterflies, Dan Sheridan, an expert in options income strategies, teaches you how to harness the power of the butterfly spread for directional trading. While butterflies are traditionally known for neutral market strategies, in this course, Dan shows you how to adapt the butterfly structure to profit from directional moves while keeping risk under control.

This course is perfect for options traders who are ready to transition from pure neutral strategies to more targeted, directional approaches that can capitalize on small, controlled market movements. By using modified butterfly setups, you can position yourself to profit in trending markets while still benefiting from the key advantages of the butterfly structure, such as defined risk and limited loss potential.

What You’ll Learn:
✔️ The basics of a traditional butterfly spread and how to adapt it for directional trades
✔️ How to position your butterfly to profit from a move in a specific direction (bullish or bearish)
✔️ The ideal market conditions for entering directional butterflies
✔️ Adjusting the strike selection and expiration dates for optimal directional bias
✔️ Managing Delta and Theta in directional butterflies to balance risk and reward
✔️ How to scale directional butterfly trades based on your market outlook
✔️ The key differences between directional butterflies and standard directional options strategies like long calls or puts
✔️ Real trade examples of directional butterfly setups, entries, adjustments, and exits
✔️ How to handle unexpected market moves and volatility spikes using proper risk management techniques
✔️ Practical tips for incorporating directional butterflies into a broader options portfolio

Course Includes:
✅ Lifetime access to all recorded sessions from the live course
✅ Downloadable trade setup guides and risk management checklists
✅ Step-by-step case studies of directional butterfly trades in real market conditions
✅ Dan’s personal playbook for trade tracking, adjustments, and scaling strategies
✅ Q&A sessions with Dan for deeper insights into specific trade examples and strategies

Who This Course Is For:

• Intermediate to advanced traders who want to transition from neutral to directional strategies
• Options traders familiar with butterfly spreads and ready to apply them in a more dynamic, directional context
• Traders seeking controlled, defined-risk opportunities in trending or volatile markets
• Those who want to capitalize on smaller, directional moves while still managing risk efficiently
• Active traders looking to diversify their strategies beyond basic directional plays like long calls or puts

About the Instructor:
Dan Sheridan, a former market maker at the CBOE and the founder of Sheridan Options Mentoring, has been teaching options traders for over 30 years. His focus is on risk management, income generation, and developing structured, repeatable strategies. In this course, Dan provides actionable, real-world insights on how to make directional butterflies work for you in various market conditions.