Butterfly Option Strategies
[Total 34 Lessons 22H:48M] 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.
1. Spead Sheet On Positiion Sizing
4010 Long Butterfly Strategy
Here I discuss the Butterfly Strategy and how it is deployed
4020 Building a Long Call Fly
Common method of building a Long Call Fly is discussed including strike selection
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
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.
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
4060 Building a Long Iron Fly
Common method of how to put together a long Iron Fly including strike selection
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
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.
4090 Building an Unbalanced Fly
Common method of how to put together an unbalanced Fly including strike selection
4110 Building a Broken Wing Fly
Common methods of how to put together a Broken Wing Fly including strike selection
4120 Impact of Option Greeks on Fly’s
How do each of the Option Greeks affect or impact Option Butterflys
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.
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.
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.
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
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.
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.
4235 Trading Balanced Baby Fly's Part I
In this session I will review how to position size and put on a Baby FLY as well as some trade management. Finally I will review how to close the position...
4238 Trading Balanced Baby Fly's Part II
In this session I will move from setting up the trade to actual adjustments as the markets move both up and down. In addition we will review the difference between being assigned or exercising your option contracts.
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.
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.
4255 Trading FUBAR FLYS Part I
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.
4256 Trading FUBAR FLYS Part II
More examples and ways to us a FLY FUBAR as a hedge in both a Reg-T and a Portfolio Margin account
4258 Super Fubar Fly Summary
In this session will introduce the major components associated with a Fubar Fly for a Portfolio Margin Account
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
4265 Baby Fly Summary
In this session will highlight the major points and elements associated with the Baby Fly.
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.
4275 Super Fly Summary
In this session I will height the major points and elements associated with the Super Fly.
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.
4300 FLY Summary - Baby Fly, Super Fly, Fubar Fly
In this summary session I provide some key concepts between each of these Fly position structures using various set-ups and on-going management techniques.