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4000 Butterfly Option Strategies

Butterfly Option Strategies

 
[Total 24 Lessons 14H:55M] In this Course, we will explore all elements associated with the Butterflys. From the standard Butterfly, to the Broken Wing and Unbalanced Flys we will review what they are, how to deploy them and then, once deployed what are the best approaches to trade management.

Course Content

Lessons Status
1

4010 Long Butterfly Strategy Here I discuss the Butterfly Strategy and how it is deployed

2

4020 Building a Long Call Fly Common method of building a Long Call Fly is discussed including strike selection

3

4030 Building a Long Put Fly Common method of building a Long Put Fly is discussed and we compare the difference between the Put and Call FLY

4

4040Putting on a Long Put Fly Here I discuss the methods of getting into a Long Put Fly to include charting and looking at the differences between strike selection and Option Expiry.

5

4050 Trade Management of Long Put Fly Once you have an active Long Put Fly in play, now it must be managed. Here I review common trade adjustment techniques to manage a Long Put Fly

6

4060 Building a Long Iron Fly Common method of how to put together a long Iron Fly including strike selection

7

4070 Putting on a Long Iron Fly Common method of building a Long Iron Fly is discussed and we compare the difference between the Put and Call FLY

8

4080 Trade Management of a Long Iron Fly Here I discuss the methods of getting into a Long Iron Fly to include charting and looking at the differences between strike selection and Option Expiry.

9

4090 Building an Unbalanced Fly Common method of how to put together an unbalanced Fly including strike selection

10

11

4110 Building a Broken Wing Fly Common methods of how to put together a Broken Wing Fly including strike selection

12

4120 Impact of Option Greeks on Fly’s How do each of the Option Greeks affect or impact Option Butterflys

13

4200 Constructing a FLY for PM vs Reg-T Accounts In this session we explore the difference of constructing FLYs in a Portfolio Margin account vs a Reg-T account.

14

4210 Putting on a FLY for PM Account - Super Fly In trading the Super Fly for PM Accounts here we learn about strike selection and trade duration as well determination of position sizing, which is very important for PM Account and margining.

15

4215 Position Sizing for a Super FLY When you are trading a Super FLY in a PM account a key attribute is proper Position Sizing. In this session I review how to properly position size a Super Fly. In addition I have a Super Fly Positioning Spreadsheet that should help you along.

16

4220 Trading a Super Fly for PM Accounts This session goes into details on how to trade a Super Fly for PM accounts. We explore trade adjustments, hedging and taking profits. We also discuss what we call Rolling Thunder which is a campaign strategy for the Super Flys

17

4225 Baby Fly Set Up for Reg-T Accounts This session goes into details on how to set up a Baby Fly for Reg-T accounts. We explore strike selection and trade construction layout.

18

4230 Trading a Baby Fly for Reg-T Accounts This session will go into detail on how to trade a Baby Fly for Reg-T accounts. From set up thru trade adjustments you will learn how simple and flexible Baby Fly position structures are to market price action movements.

19

4240 Twin Baby Flys In this session we will build on the Reg-T Baby Flys by showing how we can convert it to what I call a Twin Baby Fly.

20

4250 Twin Super Flys In this session we will build on the Super Flys for a Portfolio Margin Account by showing how we can convert it to what I call a Twin Super Fly.

21

4255 Trading FUBAR FLYS These specially designed Butterflys are set to take advantage of a down market with little to no adjustments needed and should price action move higher simple adjustments can prevent losses. In this session we will explore the FUBAR FLY.

22

4260 More on Trading Baby FLYs In this session we will continue to show how to effectively trade Baby FLYs in both up and down markets

23

4270 More on Trading Super FLYs In this session we will continue to show how to effectively trade Super FLYs in both up and down markets.

24

4280 Trading Iron FLYs -Accordion FLYs In this session I introduce the Iron FLY, what I also call the Accordion FLY and how you can trade this FLY in both up and down markets.

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