Dan Sheridan – Split Strike Calendars in a Volatile Market

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

Course Overview:
Volatility can be a double-edged sword for income traders—but in the hands of a skilled strategist, it becomes a powerful edge. In Split Strike Calendars in a Volatile Market, veteran options trader Dan Sheridan teaches a precise, practical method for deploying Split Strike Calendar spreads as a dynamic and flexible tool for income generation and risk control during heightened volatility.

Unlike traditional calendars, split strike calendars (also known as "uneven" or "skewed" calendars) are designed to tilt the risk-reward profile, allowing traders to adapt to directional bias while still benefiting from time decay and implied volatility reversion. In this course, Dan reveals how to structure and manage these trades in real-world, high-VIX conditions, offering step-by-step instruction, trade templates, and live trade examples.

What You’ll Learn:
✔️ The fundamentals of Calendar Spreads and how Split Strike variants differ
✔️ Why Split Strike Calendars are ideal for volatile or trending markets
✔️ How to structure the spread for a directional tilt while maintaining Theta
✔️ Strike selection strategies based on volatility skew and market sentiment
✔️ Dan’s process for managing the Greeks in volatile environments (Delta, Vega, Theta)
✔️ Entry timing: when to deploy and when to stay on the sidelines
✔️ Adjustment tactics to handle early moves against the trade
✔️ Profit targets and risk limits: setting and sticking to defined plans
✔️ Case studies from SPX, RUT, and major ETFs during volatile periods
✔️ How to integrate Split Strike Calendars into a diversified income portfolio

Course Includes:
✔️ Full access to all training sessions (recorded live)
✔️ Strategy workbook with Dan’s setup rules, guidelines, and trade plan
✔️ Trade logs and real-life examples
✔️ Position sizing and adjustment tools
✔️ Access to T+0 curve illustrations and risk graph breakdowns
✔️ Bonus content: Dan’s commentary on trading during VIX spikes

Who This Course Is For:

• Options traders looking for non-directional or slightly directional strategies in choppy markets
• Intermediate and advanced traders seeking edge in high volatility
• Income traders tired of being whipsawed by unexpected market moves
• Anyone interested in trading with greater control and lower stress during uncertain conditions
• Traders who want to go beyond basic calendars and learn advanced structure and management

About the Instructor:
Dan Sheridan is a former CBOE floor trader with over three decades of experience in options markets. As the founder of Sheridan Options Mentoring, he specializes in teaching risk-defined, income-generating strategies to retail and professional traders alike. In this course, Dan shares the techniques he uses to trade and teach Split Strike Calendars with an emphasis on practical risk management, consistency, and adaptability.