Dan Sheridan – SPX Call Back Ratio

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

Course Overview:
In SPX Call Back Ratio, Dan Sheridan introduces an advanced income strategy designed to take advantage of market fluctuations with minimal risk. This specialized approach, focusing on the SPX index, uses a Call Back Ratio setup—an imbalanced options strategy that focuses on creating a positive risk-to-reward profile while capitalizing on significant directional moves in the market.

The Call Back Ratio involves selling a greater number of short calls compared to the number of long calls in a position, typically done with the SPX to take advantage of its liquidity and efficient pricing. In this course, Dan walks you through the mechanics of setting up the strategy, identifying when it's appropriate to use, and how to manage the position for maximum profitability.

What You’ll Learn:
✔️ How the Call Back Ratio strategy works and why it’s ideal for SPX
✔️ The risk-to-reward benefits of an imbalanced options structure
✔️ How to select the right strikes and expiration dates for optimal positioning
✔️ Identifying market conditions that favor the Call Back Ratio
✔️ Managing risk with position sizing and adjusting trades
✔️ Using Greeks (Delta, Theta, Vega) effectively to stay on top of your positions
✔️ How to deal with volatility and sharp price moves
✔️ The trade management steps for locking in profits and reducing risk
✔️ Real-world examples of Call Back Ratio trades in live market conditions
✔️ Combining this strategy with other portfolio strategies for income generation
✔️ Step-by-step guidelines for trading and adjusting with precision

Course Includes:
✔️ Full access to all recorded live sessions with comprehensive breakdowns of the strategy
✔️ A downloadable strategy guide with rules, risk parameters, and trade setups
✔️ Trade log examples and how to manage positions effectively
✔️ Templates for trade tracking and position management
✔️ Access to risk graphs and T+0 curve analysis for real-time monitoring
✔️ Bonus: Dan’s approach to identifying entry points in a volatile market

Who This Course Is For:

• Intermediate to advanced traders interested in uncommon income strategies
• SPX traders looking to diversify their approach with imbalanced spreads
• Anyone who wants to learn a scalable, non-directional strategy for high-probability trades
• Options traders seeking risk-defined trades that offer flexibility in volatile markets
• Traders who want to master advanced Greeks and use them for precision trade management

About Dan Sheridan:
As a former CBOE market maker and the founder of Sheridan Options Mentoring, Dan Sheridan brings over 30 years of options trading experience. His practical, easy-to-understand teaching style helps traders of all levels implement risk-defined strategies, and in this course, he provides his personal insights and real-life examples to make the SPX Call Back Ratio a repeatable, profitable strategy.