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Advanced Butterfly Spreads - High Reward Options Strategies
Rating: 4.0 out of 5(72 ratings)
517 students

Advanced Butterfly Spreads - High Reward Options Strategies

The Butterfly Option Spread has limited attractive features, but it's a very flexible strategy. Learn Exotic Butterflies
Created byHari Swaminathan
Last updated 9/2021
English
English [Auto],

What you'll learn

  • This course takes the Butterfly Spread to an Advanced level, and reveals the creative ways to trade Butterfly spreads
  • Expand a trader's mind to become innovative with constructing Non-traditional trades
  • How to combine different elements from different advanced strategies to create a wholly new type of trade

Course content

2 sections • 8 lectures • 43m total length

  • Introduction and Course Agenda and Course order5:53

    Course Intro and Course Order in the Attached PDF. Please print for handy reference

  • The Base Case "Plain Vanilla" Butterfly, and Getting Creative with Butterflies7:10

    Explore the base case of a plain vanilla butterfly centered on the 920 strike with an 18-day expiry, a $0.30 debit, and near $4,000 reward at expiry.

Requirements

  • Knowledge of Options at an Intermediate Level
  • Experienced with Trading Option debit spreads and credit spreads
  • Understand elements of Time decal and Implied Volatility in Options strategies

Description

The Butterfly Option Spread has limited attractive features, but it's a very flexible strategy. Learn Exotic Butterflies, by extending its basic features and adding completely innovative characteristics to the Base Case. This is an Advanced adaptation of the Basic Vanilla Butterfly spread, which includes a Live Trade on Priceline (PCLN). It also includes a full demonstration of how a trader can alter the Base case in many ways, and make it suitable for a variety of situations. Ultimately, this is an Income strategy, based on Time Decay, and how this can be fully exploited with the Exotic varieties. 

Who this course is for:

  • An Intermediate to Advanced level knowledge and experience with Options
  • Familiar with and interested in "Income Strategies"

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