Lesson series
Balanced Butterfly Deep Dive
The Balanced Butterfly is a low maintenance effective strategy that can thrive in a Volatile Market, is 20-30% cheaper than most other Butterfly strategies and can handle 2% down moves with relative ease. This course was recorded in April of 2025.
The course comes with a downloadable PDF file with trade guidelines for the strategy as well as three video recordings.
Part 1: (35 minutes) Dan goes over the setup of a balanced butterfly and the different market conditions that this strategy thrives in.
Part 2: (36 minutes) Dan goes over upside adjustments for the strategy and some tips for beginners.
Part 3: (37 minutes) Dan shows how the balanced butterfly can handle a wide range of VIX levels including when SPX is in a correction mode.
Bonus Video: (Coming Soon) Dan will be posting a fourth video to the class page with more practical trade examples using the Option Omega Backtesting tool.
Email questions directly to support@sheridanriskmanagement.com
Part 2: (36 minutes) Dan goes over upside adjustments for the strategy and some tips for beginners.
Part 3: (37 minutes) Dan shows how the balanced butterfly can handle a wide range of VIX levels including when SPX is in a correction mode.
Bonus Video: (Coming Soon) Dan will be posting a fourth video to the class page with more practical trade examples using the Option Omega Backtesting tool.
Email questions directly to support@sheridanriskmanagement.com
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