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Options 80% Plus Win Rate - Broken Wing Butterfly Strategy
Rating: 4.4 out of 5(106 ratings)
609 students

Options 80% Plus Win Rate - Broken Wing Butterfly Strategy

Easy to Manage - Reliable Income Strategy
Created bySteve Liguori
Last updated 11/2021
English

What you'll learn

  • Learn Why and When the Balanced Butterfly Spread is used
  • Understand the different placements, strikes and choices for this versatile Option Strategy.
  • See Trade Examples to help you understand how to analyze a chart setup to determine the best strikes to use for a High Probability Broken Wing Butterfly Trade
  • Learn how modifying the placement and strikes of the Broken Wing Butterfly can allow you to take advantage of different market conditions.

Course content

4 sections12 lectures1h 18m total length
  • Introduction1:29

    A Little about Me and a Basic Description of what we will cover in the course.

  • What is a Butterfly Spread?4:23

    Description of the Basic Butterfly Spread and how it is commonly used.

  • Comparing Butterflies with Different Widths4:13

    This Lesson Investigates Butterflies with different distances between the strikes. Risk, Reward and Probability of the Different Widths are Explained.

  • OTM Butterflies5:29

    What if I think price is going Higher or Lower in a certain time frame. Could I place an Out of the Money Butterfly in the location I think the market will be in the Future? Let's see if this Low Probability, High Reward Trade can be useful.

  • Call, Put and Iron Butterflies6:47

    From a Risk Reward standpoint, using all Calls, or all Puts, or even using Both and Creating an Iron Butterfly is essentially the same trade.  Let's take a look.

Requirements

  • • Basic Knowledge of Calls, Puts, Credit Spreads and Debit Spreads makes it easier to understand this course.
  • • Access to a Sim or Live Trading Platform and Risk Graph Analyzer to practice your own trade setups based on examples in this course can accelerate your understanding of the course material.

Description

Are you looking for an Easy to Manage, High Probability Option Strategy that can generate a steady income?

Introducing the High Probability Broken Wing Butterfly!  A trade that once put on requires very little trade management. 

In this course, we will explore the Standard Butterfly and learn about it's Risk, Reward and probability of success.  Then, Brace Yourself, as we uncover the details of the High Probability Butterfly Spread which is a Great, Reliable Strategy for Income Traders, and Traders who would rather not have to manage their trades very often. 

The Ordinary Butterfly Strategy, with its  High Reward, but Low Success Rate may not be an attractive choice for some traders, but with a few modifications we can create an 80% Plus Probability trade that can be an Asset for Any Trader to have in their trading arsenal.  

Who this course is for:

  • • Intermediate level traders looking for an Easy to Manage High Probability Strategy to Generate Monthly Income.
  • • Advanced Traders looking for a High Probability alternative to complement their current Income Strategies.