Description

Broken Wing Butterfly Master Course

Broken Wing Butterfly Master Course . File Size – 1.41 GB .

Broken Wing Butterfly Master Course

The prerequisite to this course is to have a basic level of knowledge of options spreads, which means:

  • You know what an unbalanced or broken wing butterfly is
  • You have some experience trading options spreads
  • You have a basic understanding of the Greeks (Delta, Theta, Gamma Vega)
  • You know how to use analytical software such as Option Vue or Option Net Explorer
  • You are familiar with the basic terminology of options spread trading like vertical spreads, condors, wings, T+0 line, expiration line and days till expiration (DTE)

The course includes over six hours of instruction on:

Trade Entries

  • Days to expiration (–DTE) – Close vs far from expiration and how DTE changes the trade
  • Choosing wing widths
  • Broken Wing Butterfly vs Butterfly/call entry
  • Entry location relative to at the money (ATM) and how your entry effects your adjustment strategy
  • Scaling entries/adjustment strategies

Upside adjustments strategies

  • Adapting your upside adjustment strategy to:
  • Different volatility levels
  • Rising markets
  • Falling markets
  • Sideways markets

Downside adjustment strategies – The “Achilles’ Heel” for most traders

  • How and when to best adjust to the downside for maximum protection with least whipsaw risk
  • How to set risk parameters
    • Planned Capital
    • Profit Target
    • Max Loss

Trade Exits

  • When and how to exit most effectively

Class materials include: Over 110 slides for all classes and 20 different Tlog files to support trade examples

File Size – 1.41 GB

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