A FUTURES MAGAZINE feature, By John Sarkett
March 16, 2015
Dan Sheridan has seen the options business from both the institutional and retail sides. After 24 years as a Chicago Board Options Exchange market-maker and another 10 years as a options mentor for private traders, his approach has remained consistent: To be successful, you must treat options as a business.
“This is a craft,” he says. “We practice it daily. For those with the consistency and discipline, it becomes a good business.”
More recently, the practice has had a weekly focus. Weeklies have been the growth end of the options business. More contracts have come on board, and more volume is being traded. There are compelling reasons why:…
To read the rest of this article, in which John Sarkett discusses Dan’s risk management style (trading options as a business) and shares Dan’s Nine-day RUT Iron Condor and No-Touch Condor, click here or visit http://somurl.com/futuresmag.
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