Dan Sheridan – The Mango Trade: Master Advanced Butterfly Options Strategy

Overview: What is The Mango Trade by Dan Sheridan?

The Mango Trade represents an innovative options trading strategy developed and taught by Dan Sheridan, a renowned options trading educator with over 30 years of market experience. This comprehensive training program focuses on the Mango Butterfly, an advanced variation of the traditional butterfly spread that offers traders enhanced flexibility and profit potential.

What Is Dan Sheridan – The Mango Trade?

Dan Sheridan – The Mango Trade is an advanced options trading strategy developed by Dan Sheridan, a seasoned options trader and educator with over two decades of experience. This strategy is designed to help traders navigate various market conditions by employing a specialized form of the butterfly spread.

What You’ll Learn?

Understanding the Mango Butterfly Strategy

• Conceptual Framework: Gain insights into the Mango Trade’s structure, which involves a modified butterfly spread tailored to capitalize on specific market movements.
• Strategic Application: Learn how to apply this strategy in different market scenarios, focusing on maximizing returns while managing risks effectively.

Options Selection and Trade Construction

• Contract Selection: Understand the criteria for selecting appropriate options contracts, including considerations for expiration dates and strike prices.
• Trade Setup: Master the step-by-step process of constructing the Mango Trade, ensuring a balanced approach to potential profits and losses.

Risk Management Techniques

• Protective Measures: Implement strategies to safeguard your capital, including setting stop-loss orders and adjusting positions as needed.
• Position Sizing: Learn how to determine the appropriate size for your trades to maintain a balanced portfolio.

Trade Adjustments and Exit Strategies

• Dynamic Adjustments: Develop the skills to modify your trades in response to market changes, ensuring the strategy remains effective over time.
• Exit Planning: Establish clear criteria for closing positions, whether to lock in profits or minimize losses.

Real-World Applications and Case Studies

• Live Trade Examples: Analyze actual trades executed using the Mango Strategy, providing practical insights into its implementation.
• Performance Analysis: Review the outcomes of these trades to understand the strategy’s effectiveness and areas for improvement.

PROOF OF COURSE (819 MB):

Course Structure: Expert-Led Training Modules

Class 1: Foundation of The Mango Trade with Dan Sheridan

Duration: 82 minutes of intensive training

Dan Sheridan introduces the core concepts of The Mango Trade through detailed whiteboard instruction and live market demonstrations:

• Introduction & Course Structure (0:00-10:25): Overview of the complete Mango Trade methodology
• What is a Mango Butterfly? (10:25-35:45): Comprehensive whiteboard teaching on Mango evolution and structure
• Mango Guidelines & Variations (35:45-46:00):
  • Balanced Butterfly starting positions
  • Unbalanced Fly configurations
  • Wider Mango setups for different market conditions
• Strategic Advantages (46:00-49:50): Why professional traders choose The Mango Trade
• Comparative Analysis (49:50-52:05):
  • Balanced vs. Unbalanced Butterflies
  • ATM vs. OTM Butterfly trade selection
• Risk Management Framework (52:05-69:40): Essential guidelines for All Call Mango trades
• Live Trading Demonstration (69:40-82:32): Real-time Mango Trade execution

Class 2: Advanced Put Mango Strategies with Dan Sheridan

Duration: 58 minutes of practical application

This session deepens understanding of The Mango Trade through All Put Mango Butterfly examples:

• All Put Mango Setup & Adjustments (1:30-35:25): Detailed walkthrough of put-based Mango strategies
• Trade Review & Analysis (35:25-38:45): Performance evaluation of previous live Mango trades
• Short Duration Mango Trading (38:45-58:01):
  • Live execution of shorter-term Mango positions
  • Interactive Q&A on Mango Trade management

Class 3: Asymmetrical Put Butterfly Mastery with Mark Fenton

Duration: Complete strategic framework

Mark Fenton contributes specialized expertise on asymmetrical butterfly variations:

• Asymmetrical Put Butterfly Introduction (0:00-1:30): Foundation concepts
• Entry Rules & Setup Criteria (1:30-4:00): Precise trade entry guidelines
• Dynamic Adjustment Framework (4:00-8:30): Professional position management techniques
• Visual Learning Materials (8:30-37:00): Detailed slides illustrating:
  • Setup configurations
  • Adjustment trigger points
  • Risk visualization graphics
• Live SPX Implementation (37:00-52:00): Real-market asymmetrical fly setup on S&P 500 index options
• Interactive Q&A Session (52:00-End): Addressing specific Mango Trade scenarios

Class 4: Professional Mango Implementation with Jay Bailey

Duration: 50+ minutes of advanced techniques

Jay Bailey provides institutional-grade insights into The Mango Trade:

• Historical Context & Evolution (00:00-07:15): Origins of The Mango Trade strategy
• Core Mango Principles (07:15-10:40): Fundamental concepts for consistent application
• Professional Setup Guidelines (10:40-16:35): Institutional-level trade construction rules
• Live Market Example (16:35-24:00): Step-by-step Mango Trade setup
• Delta-Based Adjustments (24:00-38:00): Advanced Greeks management for Mango positions
• Break-Even Management (38:00-46:20): Optimizing profit zones and risk parameters
• Exit Strategies & Advanced Techniques (46:20-50:00): Professional trade management protocols

Key Learning Outcomes from The Mango Trade

Technical Mastery

• Complete understanding of Mango Butterfly construction
• Proficiency in balanced and unbalanced butterfly variations
• Advanced options Greeks management specific to Mango trades
• Professional-grade risk management frameworks

Practical Application

• Live trading demonstrations across multiple market conditions
• Real-time adjustment techniques for dynamic markets
• Entry and exit criteria based on proven methodologies
• Position sizing and portfolio integration strategies

Strategic Advantages of The Mango Trade

• Enhanced flexibility compared to traditional butterfly spreads
• Improved risk/reward profiles through strategic positioning
• Multiple adjustment paths for changing market conditions
• Scalable approach suitable for various account sizes

Instructor Credentials: Learn from Industry Veterans

Dan Sheridan

• Over 30 years of professional trading experience
• Former CBOE floor trader and market maker
• Recognized options education specialist
• Developer of The Mango Trade methodology

Mark Fenton

• Specialist in asymmetrical options strategies
• Expert in volatility-based trading approaches
• Extensive experience in index options trading

Jay Bailey

• Professional options strategist and educator
• Expert in Greeks-based position management
• Specialist in institutional trading techniques

Who Benefits from The Mango Trade Training?

The Mango Trade program is designed for:

• Intermediate to advanced options traders seeking sophisticated strategies
• Risk-conscious investors looking for defined-risk approaches
• Professional traders wanting to expand their strategic toolkit
• Serious students of options trading committed to mastering advanced techniques

Technical Requirements & Prerequisites

To maximize learning from The Mango Trade:

• Basic understanding of options trading terminology
• Familiarity with butterfly spread concepts
• Access to options-enabled brokerage account
• Commitment to systematic trade management

Trading Platform Compatibility

The Mango Trade strategies can be implemented on:

• thinkorswim
• tastyworks
• Interactive Brokers
• Any platform supporting complex options strategies

Risk Disclosure

The Mango Trade, like all options strategies, involves risk of loss. Past performance does not guarantee future results. Students should understand options risk characteristics before implementing these strategies with real capital.

Conclusion: Why Choose Dan Sheridan’s Mango Trade?

Dan Sheridan’s Mango Trade stands out as a premier advanced options education program that delivers institutional-quality training in an accessible format. The combination of expert instructors, comprehensive curriculum, and practical live demonstrations provides traders with a complete framework for implementing this sophisticated strategy.

Key differentiators include:

• Direct instruction from the strategy’s developer, Dan Sheridan
• Multiple expert perspectives from seasoned professionals
• Live market applications demonstrating real-world implementation
• Comprehensive risk management protocols for capital preservation
• Proven adjustment techniques for various market scenarios

Whether you’re looking to diversify your options strategies, improve risk-adjusted returns, or master professional-grade techniques, The Mango Trade offers the depth of knowledge and practical skills needed to implement this advanced butterfly variation successfully in today’s dynamic markets.