Condor Broken Wing Butterfly Options Trading Course System

Take this free options trading course to master basics of call and put options in one hour, including pricing around one standard deviation.

Navigate conflicting fundamental and news signals by reacting to the market rather than chasing bias. Recognize moves like the S&P toward 2500 and possible 25% declines.

this lecture defines the traditional butterfly spread, its narrow profit range and limited risk, and explains constructing and pricing multiple butterflies on call or put sides.

Compare a broken wing butterfly to a traditional butterfly, showing how widening patterns creates a credit trade and how risk graphs reveal profits and losses.

Explore a modified broken butterfly and unbalanced condor strategies to widen potential profit ranges while managing risk, using credit trades and careful expiry timing.

Construct a less aggressive broken wing butterfly by choosing strike distance about one standard deviation, buying and selling options to collect credit, and analyzing delta and risk.

Construct a more aggressive broken wing butterfly by tightening strikes and netting a credit. Assess risk, break-even zones, and potential profit as the market approaches expiry.

Understand how the mark-to-market line guides a broken wing butterfly, showing profit potential as the market drifts toward expiration while managing downside risk with standard deviation.

Set profit targets and stop losses in broken wing butterfly trades by using a $100 stop per set, aiming for about $60–$100, and peel off sets as the market moves.

Explore trading a broken wing butterfly across markets, including the S&P 500, stock, oil, and gold futures, weighing credits, risk graphs, stop-loss, and potential rewards.

Break up the broken wing butterfly into two spreads: the debit spread and the credit spread, to simplify trading and emphasize the credit trade that yields a positive payoff.

Execute an August expiry butterfly/condor trade, monitor delta and vega, and read the risk graph to manage credit and upside.

Execute final live trade update on the broken wing butterfly strategy, analyzing expiry around August 18, managing risk, and profiting from market retracements as positions adjust toward nearer expiries.