Free Download the All Weather Butterfly Program – A Deep Dive With Dan Sheridan – Includes Verified Content:
PDF Sample – All Weather Butterfly Program – A Deep Dive With Dan Sheridan, watch here:
Trade Butterfly Spreads in Any Volatility Environment
The All Weather Butterfly Program is an on-demand options class taught by veteran options trader and educator Dan Sheridan (Sheridan Options Mentoring). The goal of this short but focused program is to solve a very specific problem:
How can a retail trader confidently choose and manage butterfly income trades in different volatility environments (high VIX, low VIX, rising or falling volatility)?
Butterflies are a popular strategy for weekly income when used with proper risk management. Traditionally:
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Balanced butterflies are favored in more downside/weak markets
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Unbalanced butterflies are often used in upside/trending markets
The challenge is knowing which structure to use when volatility (VIX) changes, and how to adapt your butterfly program to those shifting conditions rather than just guessing.
Reminder: Options are complex, high-risk instruments. Real-money options trading almost always requires you to be an adult and approved by a broker. This class is educational, not financial advice or a guarantee of profit.
What This Class Teaches
Dan’s All Weather Butterfly Program is built around a structured, step-by-step framework for trading butterflies across different volatility regimes.
Key topics include:
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Dan’s Six-Step All Weather Butterfly Approach
A clear process for:-
Selecting which butterfly structure to use
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Deciding when to enter
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Managing and adjusting the trade
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VIX Considerations
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How different VIX levels influence the choice between:
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Balanced vs unbalanced butterflies
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Widths, strikes, and expiration choices
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How to think about volatility explicitly rather than ignoring it
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All-Weather Butterfly Risk Management Plan (with Adjustments)
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Specific risk management rules, including:
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Max loss limits
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Adjustment triggers
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When to take profits vs hold
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How to adjust butterflies when the market moves strongly or volatility shifts
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Practical guidelines to avoid “blowing up” on what’s supposed to be an income trade
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Capital Allocation & Timing
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Dan’s guidance on:
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How much capital to allocate to butterfly trades
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When during the trading day or week to initiate positions
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How to size positions so you can survive bad weeks and still stay in the game
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The emphasis is on consistency and practicality, not theoretical perfection.
Why “All Weather”?
The “All Weather” concept is about designing a butterfly program that can:
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Be adapted for high, medium, or low VIX environments
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Make use of both balanced and unbalanced structures appropriately
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Remain grounded in risk management first, income second
Rather than having a setup that only works in one type of market, Dan’s framework aims to help you:
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Recognize current conditions
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Choose a butterfly structure that fits that condition
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Manage risk and adjustments with clear, repeatable rules
Dan Sheridan’s Background
Dan Sheridan is a long-time options professional who:
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Traded in the pits at the Chicago Board Options Exchange (CBOE)
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Has been teaching risk-focused options strategies for many years
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Is known for emphasizing:
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Risk management
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Structured trade plans
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Practical, rules-based approaches for retail traders
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The All Weather Butterfly Program distills his experience into a focused, volatility-aware butterfly methodology.
Class Format & Materials
The course is designed as a short deep dive, not a long multi-week program:
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1.5+ hours of recorded video
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On-demand, so you can replay and review as needed
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PDF of Dan’s 6 Steps and Notes
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Summarizing the All-Weather Butterfly framework
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Useful as a trade checklist or reference when planning and managing real or simulated trades
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This makes it suitable for traders who already understand basic options and butterfly structures and want a targeted upgrade to how they think about volatility and risk.
Who Is This Program For?
This class is well suited for:
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Options traders already familiar with butterfly spreads
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Weekly or monthly income traders who want to:
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Trade more systematically across different volatility conditions
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Avoid the common trap of using the same butterfly setup regardless of VIX
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Traders who value risk management, adjustment rules, and capital discipline
If you are completely new to options, you’d generally want a foundational options course first. This is more of a strategy specialization module.
Summary
The All Weather Butterfly Program – A Deep Dive with Dan Sheridan gives you:
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A six-step framework for butterfly trading across volatility environments
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Clear VIX-based decision making for when and how to use different butterfly structures
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A detailed risk management and adjustment plan
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Practical guidelines for timing and capital allocation
If you’re looking to move from “occasionally trading butterflies” to running a structured, volatility-aware butterfly income program, this short, focused course is designed exactly for that purpose—provided you combine it with disciplined risk management and realistic expectations.
