Dan Sheridan

Dan Sheridan

Dan Sheridan is a 22-year CBOE veteran who worked with the highly successful specialist firm Mercury trading, which was headed up by Jon and Pete Najarian. While at Mercury Trading, Dan was responsible for training most of the traders including Pete Najarian, one of the current hosts of CNBC's Fast Money. Dan has been teaching individual traders on the techniques and methods he used every day to consistently profit in the options markets since 2004. Dan hosts the weekly CBOE TV show "Options Safari" at CBOE.com and does educational webinars for the CBOE and many brokers. The CBOE has sponsored live seminars with Dan for the last 5-years.

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AAPL Trade Idea

Oh, how I miss the expensive Apple (AAPL, $91.90, up $0.62) stock price before the split, let me name the ways: More premium for credit spreads, less commissions because I didn’t have to do as many contracts with a $500 stock price. Any positive things about the split? Yes, liquidity, which was great before the [...]

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What To Do in TSLA?

The stock looks poised for a fall but what if it jacks up again? Seems too risky to play! The dilemma is how to directionally play high priced stocks without getting your face ripped off. My favorite speculative strategy is the directional Butterfly trade. Trade: TSLA is around $246 (we got this from Dan at [...]

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VXX Iron Condor Based on 2013 Price Action

As we are entering what can be a volatile time of year I decided to ask Russell Rhoads over at the Options Institute what VXX may do if VIX spikes up in September or October.  Russell, being the market historian he is, pointed out that standard October expiration is 26 trading days out.   In 2013 [...]

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Calendars with no Volatility Risk!

Outlandish title? Is it possible? Decreasing Option Volatility, called Implied Volatility, can be a real pain to a Calendar Trader. In 2012 and most of 2013, the market has trended up and Option Volatility was mostly decreasing. This caused Calendar Traders on the upside much discomfort. I am going to show you how to enter [...]

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Are Retail Traders too Directional?

When I was in the pit, we had a saying, ‘Trade the trade and not the Market”. What does that mean? Once you have a trade on you like, have a good plan, where you will take profits, how much you will lose, where you might adjust, etc. Using a phrase from Alcoholics Anonymous, “ [...]