Options trading, especially zero days to expiration (0DTE) strategies, has exploded in popularity among retail investors, but the inherent gap risk and intraday volatility can quickly wipe out unprepared accounts. Navigating these turbulent waters requires more than just a basic understanding of calls and puts; it demands a rigorous framework for risk management and position sizing.
Many traders look for structured mentorship to build this discipline, often turning to industry veterans who have survived decades of market cycles. If you are evaluating the Short Term Trades September 2023 cohort, you are likely wondering if the specific tactics taught during that high-volatility period still hold up in today's shifting market environment. You may also be weighing the value of purchasing an archived recording versus enrolling in a live, current mentorship program.
This review breaks down the dual-instructor approach of Dan Sheridan and Mark Fenton, examining their distinct but complementary methodologies. We will explore whether their combined focus on range-bound and directional strategies provides a robust enough risk management framework to justify the investment, or if the material is too complex for those just starting out.
By analyzing the curriculum, the pricing models, and the pedigree of a former Chicago Board Options Exchange (CBOE) floor trader, this guide aims to give you a clear, objective look at what to expect before you commit your capital or your time to this specific options trading program.
At a glance
|
Item |
Details |
|
Course name |
Short Term Trades / Same Day Trades or Zero DTE (September 2023 Cohort) |
|
Provider / Instructor |
Dan Sheridan and Mark Fenton (Sheridan Options Mentoring) |
|
Category |
Trading Strategy (Options) |
|
Intent fit |
Commercial Investigation / Decision Support |
|
Buyer stage |
Consideration (Evaluating archive relevance vs. official mentorship) |
|
Pricing transparency |
Confirmed ($397 standalone class; $194/month Pro Membership) |
|
Policy transparency |
Confirmed (Non-refundable for individual classes) |
|
Trust signal status |
Confirmed (Instructor is a verified former CBOE market maker) |
What this review helps you decide
|
Question |
Why it matters |
|
Is the 2023 curriculum still relevant? |
Options markets shift with volatility regimes; you need to know if strategies from late 2023 require adaptation today. |
|
How do the two instructors differ? |
Understanding the split between range-bound (Sheridan) and directional (Fenton) trading helps set proper expectations. |
|
What is the true cost of access? |
Clarifying the difference between the official $397 standalone price, the Pro Membership, and third-party archives prevents buyer remorse. |
|
Is this suitable for beginners? |
Complex multi-leg options strategies carry unique risks that can overwhelm traders who lack foundational knowledge. |
Course overview
The Short Term Trades program, specifically the September 2023 cohort, is an intensive options trading class hosted by Sheridan Options Mentoring (also known as Sheridan Risk Management). The program is designed to tackle the fast-paced world of short-term options, focusing heavily on zero days to expiration (0DTE) and trades that last between one and four days.
The course is anchored by Dan Sheridan, a verified former CBOE floor trader and market maker with decades of professional experience. His background provides a high level of institutional credibility, particularly in the realm of risk management and understanding how market makers price options. Sheridan is joined by Mark Fenton, another experienced trader who brings a different stylistic approach to the curriculum.
Readers typically search for reviews of this specific cohort because they are trying to determine the most cost-effective way to access Sheridan’s teachings. The official price for an individual monthly class is typically $397, while a Pro Membership runs $194 per month. However, because this specific September 2023 class is now in the past, many prospective students are weighing whether to buy the official archives, subscribe to the current Pro Membership, or seek out discounted resale versions.
The core value proposition of this course is its dual approach. Rather than forcing a single trading style, the curriculum splits its focus. Dan Sheridan covers range-bound, non-directional trades designed to capitalize on time decay (theta), while Mark Fenton covers short-term directional trades designed to capture quick momentum bursts. This structure aims to give traders a versatile toolkit for different market conditions, emphasizing the management of the "Greeks" and the avoidance of catastrophic gap risk.
What’s likely inside the course
|
Theme area |
What it likely covers |
Confidence |
|
Range-bound strategies |
Iron Condors, Butterflies, and Calendar spreads tailored for 0DTE environments. |
Confirmed |
|
Directional trading |
Short-term setups lasting 1 to 4 days, focusing on momentum and trend alignment. |
Confirmed |
|
Risk management |
Managing the Greeks (Delta, Theta, Vega), position sizing, and mitigating overnight gap risk. |
Confirmed |
|
Live trade execution |
Real-time or recorded live trade placements demonstrating the strategies in action. |
Confirmed |
|
Long-term portfolio growth |
Broad asset allocation or long-term buy-and-hold equity strategies. |
Not specified |
Who this is for
This program is primarily targeted at intermediate options traders who already understand the basic mechanics of calls, puts, and standard spreads, but who want to specialize in high-frequency, short-duration trades. It is designed for individuals who have the screen time available to monitor intraday movements, as 0DTE trading requires active management.
|
If you are… |
This may fit if… |
This may not fit if… |
|
An intermediate options trader |
You want to learn professional risk management from a former CBOE market maker. |
You are looking for a fully automated, hands-off trading system. |
|
A directional momentum trader |
You want to incorporate Mark Fenton's 1-4 day options strategies into your toolkit. |
You prefer holding underlying equities rather than dealing with options expiration. |
|
An absolute beginner |
You are willing to study foundational options mechanics before applying these advanced tactics. |
You do not yet understand how implied volatility or time decay affects pricing. |
|
A budget-conscious learner |
You are evaluating the $194/month Pro Membership for ongoing access to current classes. |
You expect lifetime access to all future updates from a single $397 standalone purchase. |
Learning experience and format
The September 2023 cohort was originally delivered as a series of 8 live sessions spread over 4 weeks. For those accessing the material now, the experience is entirely asynchronous, relying on the recorded video archives of those live classes.
The format is highly structured, dividing the 8 sessions between the two instructors. Part 1, led by Dan Sheridan, dives deep into range-bound trades. Students can expect detailed walkthroughs of Iron Condors, Butterflies, and Calendars. Sheridan’s teaching style is heavily rooted in his floor-trading days, meaning he spends significant time on the math behind the trades, adjusting positions when they go against you, and understanding how market makers view the order flow.
Part 2 is led by Mark Fenton and shifts the focus to directional trades with a slightly longer horizon of 1 to 4 days. This section is crucial for traders who want to capture directional moves without being entirely exposed to the extreme intraday volatility of 0DTE. Fenton’s sessions typically cover chart setups, entry triggers, and how to manage the overnight gap risk that comes with holding short-term options across trading sessions.
When looking back at the specific timeframe of this cohort, it is helpful to contextualize the market environment. Other financial and professional events held in September 2023 often focused on broader macroeconomic shifts, whereas this specific options cohort drilled down into micro-market mechanics and daily volatility. The inclusion of live trade placements during the original recordings adds significant value, as students can watch the instructors navigate real market conditions, adjust their strikes, and manage their risk in real-time.
Official purchasers of the standalone class generally receive access to the recordings for at least 6 months, though Pro Membership subscribers retain access to a broader library as long as their subscription is active. Support and community access are typically reserved for active official members, meaning those who acquire the course through third-party archives will miss out on Q&A opportunities and current market commentary.
Pros and cons
|
Likely strengths |
Possible drawbacks or open questions |
|
Instructor pedigree |
Dan Sheridan’s background as a CBOE floor trader provides highly credible, institutional-grade insights. |
|
Dual methodology |
Covering both range-bound and directional strategies offers a more complete toolkit for varying market conditions. |
|
Focus on risk |
Heavy emphasis on managing the Greeks and avoiding account-destroying gap risk. |
|
Live examples |
The inclusion of live trade placements bridges the gap between theory and practical application. |
|
High official cost |
The $397 price tag for a single archived monthly class may be steep for undercapitalized retail traders. |
|
Complexity |
Multi-leg strategies like Iron Condors and Calendars can be overwhelming for absolute beginners. |
|
Market context |
Strategies recorded in September 2023 may require slight adjustments to fit the current volatility regime. |
|
Lack of verified P&L |
While the instructors are highly respected, the marketing does not heavily feature audited long-term student success rates. |
The most significant advantage of this course is the credibility of the instructors. In an industry filled with self-proclaimed gurus, learning from a verified former market maker offers a distinct layer of trust. The curriculum does not promise overnight riches; instead, it focuses on the gritty reality of managing risk, adjusting losing trades, and surviving the daily grind of the options market.
However, the complexity of the material is a double-edged sword. While intermediate traders will appreciate the deep dive into the Greeks, beginners may find themselves lost in the mechanics of adjusting a broken Butterfly spread on a 0DTE expiration day. Furthermore, because the options market is highly sensitive to macroeconomic shifts, traders must be cautious about blindly applying exact strike-width rules from late 2023 to today's market without understanding the underlying principles.
Decision framework
|
Decision factor |
What to check |
Why it matters |
|
Market regime adaptability |
Do you understand how to adjust the 2023 strategies for current implied volatility levels? |
Options pricing changes drastically based on market fear; static rules from the past can fail if not adapted. |
|
Budget and purchase path |
Are you buying the official $397 class, the $194/mo membership, or an unofficial archive? |
Official purchases include support and reliable access; unofficial archives carry risks of incomplete files and zero mentorship. |
|
Strategy complexity |
Are you comfortable executing and adjusting multi-leg spreads (Condors, Butterflies)? |
0DTE multi-leg trades require fast execution and a solid grasp of platform mechanics to avoid costly errors. |
|
Time commitment |
Can you actively monitor the market during trading hours? |
0DTE strategies cannot be left unattended; they require active screen time to manage intraday swings. |
Common mistakes to avoid
When evaluating or taking this course, prospective students often fall into a few predictable traps that hinder their success.
First, many traders assume that a strategy taught in a specific month will work flawlessly in perpetuity. The options market is dynamic. A 0DTE Iron Condor strategy that thrived in the specific volatility environment of September 2023 might require wider strikes or different profit targets in a different market regime. Failing to adapt the core principles to current conditions is a primary reason traders struggle with archived courses.
Another frequent error is jumping straight into complex multi-leg options without mastering basic directional trading first. Much like the steep learning curve associated with the advanced trading strategies found in the Goya 2023 course, diving into Iron Condors and Calendars without understanding implied volatility crush can lead to rapid account depletion. Beginners often focus entirely on the potential premium collected while ignoring the catastrophic risk of a sudden intraday trend.
Finally, purchasing unofficial, discounted archives from resale sites often leads to mismatched expectations. While the raw video files might be present, students miss out on the live Q&A, the community support, and the platform updates that are crucial for mastering fast-paced trading strategies.
Alternatives to consider
If the Short Term Trades September 2023 cohort does not align with your current skill level, budget, or trading style, there are several other educational paths to consider:
- Foundational options courses: If you are not yet comfortable with the Greeks, time decay, or basic spreads, look for beginner-focused options programs that prioritize theory and platform mechanics before introducing 0DTE strategies.
- Pure directional momentum trading: If you prefer trading underlying equities rather than complex derivatives, you might explore entirely different methodologies. For instance, studying mark Minervini's Private Access 2023 methodology offers a stark contrast, focusing on growth stock momentum rather than the theta-decay mechanics of short-term options.
- Live trading rooms: If your primary goal is daily hand-holding rather than learning a standalone system, a subscription to a live day-trading room might provide the real-time market commentary you need, though this often builds reliance rather than independent skill.
- Swing trading programs: If you cannot commit to the screen time required for 0DTE or 1-4 day trades, look for swing trading courses that focus on holding positions for weeks or months, drastically reducing the need for intraday monitoring.
FAQ
What is the difference between Dan Sheridan and Mark Fenton's strategies?
Dan Sheridan primarily focuses on range-bound, non-directional strategies like Iron Condors and Butterflies that aim to profit from time decay. Mark Fenton focuses on short-term directional trades lasting 1 to 4 days, aiming to capture quick momentum shifts in the underlying asset.
Can I get a refund for the Short Term Trades course?
Individually purchased standalone classes from Sheridan Options Mentoring are generally non-refundable. However, if you opt for the Pro Membership subscription, you can cancel it at any time via your student dashboard to prevent future billing.
Does this course cover 0DTE trades?
Yes, a significant portion of the curriculum is dedicated to zero days to expiration (0DTE) strategies. The course covers how to structure these trades, manage the intense intraday risk, and adjust positions as the expiration deadline approaches.
How long do I have access to the recordings?
If you purchase the standalone class officially, you typically retain access to the recordings for at least 6 months. Pro Membership subscribers have access to the archives for as long as their monthly subscription remains active.
Is Dan Sheridan a legitimate options trader?
Yes, Dan Sheridan is widely recognized as a legitimate and highly experienced educator in the options community. He is a verified former CBOE floor trader and market maker, bringing decades of institutional-grade experience to his retail mentoring programs.
Are the strategies from September 2023 still relevant today?
The core mechanics of the strategies (how to build a Butterfly, how to manage Delta) remain entirely relevant. However, the specific strike widths, premium targets, and adjustment triggers taught in 2023 must be adapted by the trader to fit the current market's volatility regime.
Verdict
The Short Term Trades September 2023 cohort offers a robust, professional-grade look into the mechanics of short-term options trading. The dual-instructor approach is its strongest asset, providing students with both range-bound and directional tools to navigate fast-moving markets. Dan Sheridan’s pedigree as a former CBOE market maker ensures that the focus remains heavily on risk management and capital preservation, rather than unrealistic promises of overnight wealth.
This course is highly recommended for intermediate options traders who already understand basic spreads and want to refine their 0DTE and short-term execution. It is particularly valuable for those who have the screen time to actively manage intraday positions.
However, absolute beginners should likely skip this specific cohort until they have built a stronger foundation in options theory. The complexity of adjusting multi-leg spreads on expiration day can be overwhelming for novices. Additionally, traders must be aware that while the principles taught in 2023 are timeless, the specific market conditions of that month require students to intelligently adapt the tactics to today's volatility environment.
Conclusion
Deciding whether to invest in the Short Term Trades September 2023 program comes down to your current experience level and your preferred trading style. If you are seeking a disciplined, risk-first approach to 0DTE and short-term directional trading, the insights from Sheridan and Fenton provide substantial value. By understanding the difference between the official membership models and the standalone archives, and by committing to mastering the underlying mechanics rather than just copying old trades, you can effectively determine if this curriculum aligns with your financial goals.
Related courses
https://reviewcourses.online/gabor-mate-the-compassionate-inquiry-short-review/
https://reviewcourses.online/simpler-trading-the-art-of-short-selling-review/
https://reviewcourses.online/stu-mclaren-the-membership-experience-tribe-2023-review/
