Dan Sheridan – SPY Beginners Double Diagonal and Iron Condor Deep Dive

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

Course Overview:
In SPY Beginners Double Diagonal and Iron Condor Deep Dive, Dan Sheridan introduces two of the most popular and effective income-generating strategies for beginner to intermediate traders—Double Diagonal Spreads and Iron Condors—specifically tailored for the SPY ETF. Both strategies offer defined risk and the opportunity for consistent returns when managed properly, making them ideal for traders who want to generate income in a non-directional, high-probability manner.

This course is designed to provide you with the skills and understanding needed to trade these strategies with confidence and precision, focusing on how to structure these trades, manage risk, and optimize profits. Dan walks you through everything from trade setup to management, giving you a complete understanding of the two strategies, why they work, and when to use them.

What You’ll Learn:
✔️ An in-depth breakdown of the Double Diagonal Spread and Iron Condor strategies, their structure, and how they differ
✔️ Why these strategies are excellent for beginner traders looking for defined risk and consistent income
✔️ The benefits of using the SPY ETF as an underlying for these trades, including its liquidity, volatility characteristics, and tight bid-ask spreads
✔️ Step-by-step instructions for setting up and managing both Double Diagonal and Iron Condor trades
✔️ How to choose the correct expiration dates and strike prices for optimal risk/reward
✔️ Dan’s guidelines for managing both strategies as the market moves: adjustments, exits, and when to roll
✔️ How to measure and monitor the Greeks (Delta, Theta, Vega) for both strategies to stay on top of your positions
✔️ How to maximize Theta (time decay) and minimize Vega (volatility exposure)
✔️ Key tactics for trading in a low-volatility environment with a focus on income generation
✔️ Real-world examples and live trade walkthroughs to illustrate the concepts in action
✔️ How to integrate these strategies into a diversified portfolio for better overall performance and risk control

Course Includes:
✔️ Full access to all recorded live sessions
✔️ Downloadable strategy guides for both Double Diagonal Spreads and Iron Condors
✔️ Trade logs with step-by-step breakdowns of real trades
✔️ Templates for position sizing and risk management
✔️ Bonus content: Dan’s personal trade management techniques
✔️ T+0 curve analysis and trade exit strategies for real-time decision-making

Why Choose the Double Diagonal and Iron Condor Strategies?
Both strategies are highly effective for generating income with limited risk in sideways or range-bound markets. The Double Diagonal involves positioning options with different expirations and strike prices, creating a trade that benefits from time decay and volatility expansion. The Iron Condor, on the other hand, capitalizes on low volatility by selling both out-of-the-money calls and puts, allowing you to collect premiums with a defined risk.

Together, these strategies are ideal for traders who want to:

• Generate consistent income in a non-directional market
• Leverage low-volatility conditions to produce reliable returns
• Control risk with well-defined limits
• Build a steady portfolio of trades that balance Theta and Vega exposure

Who This Course Is For:

• Beginner to intermediate options traders who want to generate consistent monthly income
• Traders interested in learning income-generating strategies with defined risk
• SPY traders looking for easy-to-execute, high-probability trades
• Newer traders who want to understand the Greeks and use them to manage trades
• Traders seeking to build a well-rounded portfolio with low-risk, income-producing strategies
• Those looking to add structure and precision to their trading approach

About Dan Sheridan:
With over three decades of options trading experience, Dan Sheridan has taught thousands of traders how to effectively trade and manage risk using simple, structured income strategies. As a former CBOE market maker and the founder of Sheridan Options Mentoring, Dan’s approach is built on clarity, simplicity, and consistent profitability, making complex concepts easy for traders at all levels to understand and implement.