Dan Sheridan – Short Strangles for Monthly Income

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

Course Overview:
In Short Strangles for Monthly Income, professional options trader Dan Sheridan teaches his complete framework for trading short strangles—a neutral, non-directional strategy designed to profit from time decay (Theta) and declining implied volatility (IV). Ideal for traders seeking steady monthly income, this course dives deep into trade construction, risk control, and real-time management techniques for trading strangles on indexes and liquid stocks.

Dan walks you through his step-by-step approach to selecting the right strikes, sizing positions, and navigating market conditions. Whether you're new to short premium trading or experienced and looking to refine your edge, this course will help you build confidence, consistency, and control using strangles as a core monthly strategy.

What You’ll Learn:
✔️ The fundamentals of short strangles and why they work
✔️ How to construct a balanced strangle for optimal risk/reward
✔️ Strike selection: Choosing deltas and expirations based on volatility
✔️ Managing exposure to Delta, Vega, and Gamma
✔️ When to enter: Market conditions that favor short strangles
✔️ How to adjust losing trades without widening risk
✔️ Guidelines for profit targets, stop-losses, and early exits
✔️ Using short strangles as part of a diversified income portfolio
✔️ How Dan manages overnight risk and event-driven volatility
✔️ Real examples with SPX, RUT, and liquid ETFs
✔️ Tools and metrics Dan uses to monitor strangle performance

Course Includes:
✔️ Complete access to all training sessions (recorded live)
✔️ Strategy guide with trade plans, risk protocols, and checklist
✔️ Real trade case studies with full explanations
✔️ Position sizing templates and trade logs
✔️ Downloadable tools for tracking and adjusting strangles
✔️ Access to trade analysis tools used during the course
✔️ Bonus Q&A recordings where Dan answers student questions and reviews trades

Who This Course Is For:

• Traders looking for consistent monthly income using short premium strategies
• Options traders who want a neutral, range-bound strategy
• Intermediate and advanced traders seeking to optimize strangle risk/reward
• Anyone looking to diversify their income trades with a non-directional approach
• Traders interested in high probability setups with flexible adjustments

About the Instructor:
Dan Sheridan is a former CBOE floor trader with over 30 years of experience in the options market. As the founder of Sheridan Options Mentoring, he’s mentored thousands of retail and professional traders with a focus on structured, income-generating strategies. In this course, Dan shares the same short strangle techniques he uses in his personal portfolio, including how to protect capital while generating steady returns.