Dan Sheridan – SPX 35–40 Day Delta Neutral Unbalanced Butterfly

Instructor: Dan Sheridan
Course Format: On-Demand Video Course (Recorded Live Sessions)
Skill Level: Intermediate to Advanced

Course Overview:
Unlock the potential of a powerful and adaptable options strategy with Dan Sheridan’s SPX 35–40 Day Delta Neutral Unbalanced Butterfly course. This in-depth training is built around one of Dan’s core income strategies—a carefully crafted Delta neutral Unbalanced Butterfly designed to perform consistently in a wide range of market conditions, particularly in non-trending or slightly volatile environments.

Dan breaks down this longer-dated butterfly trade into simple, repeatable steps, showing you exactly how to structure, manage, and adjust it over a 35–40 day timeframe. With defined risk, flexible strike placement, and minimal directional exposure, this strategy is ideal for traders looking to build steady monthly income while keeping risk tightly controlled.

What You’ll Learn:
✔️ How to properly set up a Delta Neutral Unbalanced Butterfly on the SPX
✔️ Why 35–40 DTE is the “sweet spot” for this style of trade
✔️ Selecting the right width and ratios for your wings
✔️ Entry guidelines: when to place the trade for optimal edge
✔️ Risk management techniques for both gradual and sharp market moves
✔️ How to adjust the trade with minimal stress and capital impact
✔️ Managing the Greeks: keeping Delta neutral while benefiting from Theta
✔️ Ideal market conditions and when to avoid the strategy
✔️ Dan’s “3-Part Management Plan” for scaling in, adjusting, and exiting
✔️ Real trade examples and T+0 curve analysis

Course Includes:
✔️ Full access to all course recordings (recorded live with student Q&A)
✔️ Strategy workbook with trade setup rules, risk parameters, and examples
✔️ Downloadable trade logs and step-by-step walkthroughs
✔️ Excel templates for trade tracking and position sizing
✔️ Bonus: Volatility insights for optimizing the trade entry window

Why This Strategy?
This version of the Butterfly is unbalanced to give you better risk-reward and a wider profit zone, especially in today's unpredictable markets. And by keeping it Delta neutral, Dan ensures that you’re not heavily exposed to directional risk—even if the market makes a moderate move.

It’s a smart, flexible income strategy perfect for traders who want:
✔️ Defined risk
✔️ Hands-on learning from a pro
✔️ A systemized approach to monthly returns

Who This Course Is For:

• Intermediate to advanced options traders seeking monthly income
• Traders looking for a non-directional strategy that’s not overly complex
• Anyone wanting to learn professional-style Butterfly trading
• Students of volatility and risk control who want a step-by-step game plan
• SPX traders interested in optimizing the 35–40 DTE time window

About Dan Sheridan:
With over 30 years of options trading experience and a legacy of mentorship, Dan Sheridan has taught thousands of retail and professional traders how to succeed with practical, risk-defined income strategies. As a former CBOE market maker and founder of Sheridan Options Mentoring, Dan brings real-world clarity, a step-by-step approach, and deep market insight to every course he teaches.