Dan Sheridan – SPY Beginners Flys & Calendars 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 Flys & Calendars Deep Dive, Dan Sheridan takes you through two versatile options strategies—Flys (Butterfly Spreads) and Calendars (also known as Time Spreads)—specifically designed for the SPY ETF. These strategies are perfect for beginners and intermediate traders seeking to create defined risk trades that benefit from time decay, low volatility, and slight directional moves in the market.

This course is ideal for those who want to understand how to structure, execute, and manage Fly and Calendar spreads with precision. Dan explains the benefits of these strategies, how they work with the SPY, and how you can use them to generate income while keeping risk under control.

What You’ll Learn:
✔️ The fundamentals of Flys (Butterfly Spreads) and Calendars (Time Spreads) and their role in income generation
✔️ Why the SPY ETF is an excellent vehicle for these strategies, with its high liquidity and tight bid-ask spreads
✔️ How to structure both Butterfly and Calendar trades, from strike selection to expiration dates
✔️ Understanding volatility, Theta decay, and how they impact these strategies
✔️ The key differences between Flys and Calendars and when to use each strategy
✔️ How to pick the right setup for sideways or moderately bullish market conditions
✔️ Step-by-step instructions on setting up and managing both strategies
✔️ How to use the Greeks (Delta, Theta, Vega) to track and adjust your trades for optimal outcomes
✔️ Real-world examples of live trades, highlighting setup, trade management, and adjustments
✔️ Dan's risk management principles and how to control risk while trading Flys and Calendars
✔️ How to roll positions and make adjustments when the market moves in your favor or against you
✔️ Tips and tricks for keeping your trades simple, repeatable, and high-probability

Course Includes:
✔️ Full access to all recorded live sessions with comprehensive explanations and real-time trade setups
✔️ Downloadable strategy guides for both Flys and Calendars, including trade structures and risk parameters
✔️ Trade logs with step-by-step breakdowns of real trades
✔️ Position sizing and risk management templates
✔️ Bonus: Dan's personal trade management techniques for maximizing profits while minimizing risk
✔️ T+0 curve analysis and real-time monitoring techniques to track your positions as they evolve

Why Choose Flys & Calendars in SPY?
Flys and Calendars are great strategies for traders looking to trade non-directionally or with minimal directional bias. Both strategies are highly flexible, allowing you to tailor your risk and reward potential based on volatility and market expectations. The SPY ETF offers the ideal conditions for both strategies, given its high liquidity and tight spreads, making it a perfect choice for traders looking for consistent, low-risk opportunities.

• Flys benefit from precise market timing and can deliver high returns when the underlying asset moves slightly or stays within a defined range.
• Calendars focus on profiting from time decay and volatility, making them ideal for traders looking to capitalize on short-term market moves and shifts in volatility.

Both strategies allow for defined risk with limited capital requirements, making them attractive for beginner and intermediate traders.

Who This Course Is For:

• Beginner to intermediate traders looking to trade options in a defined risk manner
• Those interested in generating consistent income with high-probability strategies
• Traders who want to learn how to trade the SPY ETF with non-directional strategies
• Traders seeking to use Butterfly Spreads and Calendars to take advantage of time decay and volatility
• Anyone looking to learn how to manage risk while trading complex options strategies
• Traders who want to build a diversified options portfolio for income generation

About Dan Sheridan:
With over 30 years of experience as a professional trader, Dan Sheridan is the founder of Sheridan Options Mentoring and a former market maker at the CBOE. His clear, structured teaching style focuses on risk management and the implementation of income-generating strategies. Dan’s ability to simplify complex options concepts allows traders of all levels to understand and implement advanced strategies with confidence.