All Put Flat Fly Deep Dive by Dan Sheridan

All Put Flat Fly Deep Dive by Dan Sheridan: A Complete Review

The All Put Flat Fly Deep Dive by Dan Sheridan is a specialized training program dedicated to the All Put Flat Fly (APFF) options strategy. Within today’s volatile market environment, APFF offers a structured and lower-stress way to approach trading—particularly on SPX (S&P 500 Index) options. Mastering this method requires an understanding of its mechanics, money management rules, and practical market analysis techniques designed to generate reliable monthly returns. This review will highlight the course design, its real-world applications, and the value it provides to option traders.

Course Layout and Core Philosophy

The program begins by introducing the guiding philosophy behind the APFF strategy. Dan Sheridan explains the fundamental principles of this butterfly approach and demonstrates why it is well-suited for traders across different experience levels.

At its heart, the APFF strategy promotes simplicity and discipline. Sheridan stresses that options trading doesn’t need to be chaotic or overwhelming. Instead, this method focuses on structure, consistency, and calculated decisions that align with both market behavior and personal risk tolerance. By following this approach, traders can aim for steady income rather than chasing uncertain, high-risk returns.

Trade Entry Rules

A central component of the course is the trade entry process. Sheridan recommends initiating positions 38–50 days to expiration (DTE), which allows traders to benefit from time decay while maintaining flexibility in risk management.

The setup usually involves:

• Buying a higher strike about 15–25 points above the current market price,

• Selling two center strikes positioned roughly 40 points lower,

• Purchasing an additional strike 50 points below the center.

This structure creates a balanced profit zone and clear risk boundaries. Importantly, Sheridan advises avoiding entry right after large down moves—particularly those greater than 1.5 standard deviations—to prevent opening trades in disadvantageous conditions.

Profit and Risk Parameters

Effective risk and reward management is essential. Sheridan sets expectations with a 10% profit target per trade and a maximum loss limit of 15%. This clear ratio helps traders avoid emotional decision-making and maintain discipline, creating a sustainable framework for long-term performance.

Adjustments and Position Management

Flexibility is a hallmark of the APFF approach. Sheridan teaches when and how to make strategic adjustments. For example:

• If the price rises 5–10 points beyond the upper breakeven, a second butterfly can be added above the market.

• If the price drifts toward the lower breakeven, strike modifications are recommended.

These dynamic adjustments provide additional opportunities while reducing exposure, allowing traders to adapt as conditions evolve.

Real-Time Trade Demonstrations

The course includes live trading examples that illustrate how theory plays out in real markets. Sheridan walks students through actual setups and adjustments, giving them a clear understanding of timing, execution, and risk responses. These demonstrations bridge the gap between conceptual learning and practical trading.

Interactive Learning and Q&A

Another major strength is the interactive format. Students can engage in Q&A sessions, clarifying doubts and exploring personalized scenarios. This dialogue-rich environment fosters collaboration and ensures participants benefit not only from Sheridan’s expertise but also from shared group experiences.

Long-Term Practicality

The closing modules highlight the long-term benefits of APFF. Sheridan underscores that this strategy is designed for traders seeking consistent monthly income and a systematic approach to markets. Its adaptability across changing conditions makes it a sustainable method, particularly in unpredictable financial environments.

Added Value and Insights

In addition to strategy mechanics, students also learn how broader market indicators and external factors affect option pricing. This comprehensive perspective enables traders to better anticipate risks and opportunities, reinforcing the reliability of the APFF method.

Conclusion

Overall, Dan Sheridan’s All Put Flat Fly Deep Dive stands out as a powerful educational resource for options traders. It blends structured philosophy, risk management, real-world trade examples, and interactive learning to provide participants with both confidence and competence. For traders aiming to generate steady income with a lower-stress, rules-based approach, this course delivers both the theoretical foundation and practical tools necessary for success.