Options 80% Plus Win Rate - Broken Wing Butterfly Strategy
- Self-paced with Life Time Access
- Certificate on Completion
- Access on Android and iOS App
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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.
- 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
- Learn Why and When the Balanced Butterfly Spread is used, and 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
This Lesson Investigates Butterflies with different distances between the strikes. Risk, Reward and Probability of the Different Widths are Explained.
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.
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.
By modifying the Standard Butterfly trade and Moving the Strikes to a Wider Width on one side as compared to the other, we can create a higher probability trade. Welcome to the Basic Broken Wing Butterfly.
What if we move the Basic Broken Wing Butterfly around with respect to Price. Could we create a Higher Probability Trade that still brings a Respectable Profit? This Lesson explores the Possibilities.
The Versatility of the Broken Wing Butterfly is Explored in this Lesson. Here we take Probability of Success to the Max to see if we can still have a Viable Trade that will Produce a Respect
So Far we have been Using the Broken Wing Butterfly to Structure a Trade that has No Risk to the Upside. Could we spin it around or change it in a way that gives us No Risk to the Downside? The Answer to this Question is Right Here in the next Video.
Let's look at a Trade Example. This video walks you through the thought process for setting up the High Probability Broken Wing Butterfly trade and gives you a way to identify a Place on the Chart where the Trade is Wrong.
How to Structure the trade based on Support and Resistance Levels on the Chart so you can feel Comfortable.
Everyone has a Different Risk Tolerance. Make sure You Practice the Mechanics of this trade before stepping up in size. Make sure you are comfortable with the Absolute Risk Value and Respect the location you choose for where the Trade is Wrong. Once You have a Series of Trades under your Belt, you can Add this Broken Wing Butterfly Trade to Your Trading Arsenal.
