Dan Sheridan is a 22-year veteran CBOE market maker who worked with the highly successful specialist firm Mercury Trading 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. Since leaving the pit in 2004, Dan has been teaching individual traders on the techniques and methods he used every day to consistently profit in the options markets.
Dan teaches professional and retail traders through many channels in addition to his mentoring students. He hosts the weekly CBOE TV show Options safari at CBOE.com. Dan frequently does educational webinars for the CBOE and many brokers. The CBOE sponsors the popular one day “Real trading with Dan Sheridan” seminars across the country.
Three Reasons to trade Covered Writes:
Generate income on sluggish stock investments
Download stock at your desired exit price
Make a neutral-to-bearish bet
The worst outcome for covered writes trading is a rapidly dropping underlying price, in this video, Dan will show his art of adjustment on the downside.
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