What will you learn in the Butterfly Strategy course?

About the instructor

Information needed

The structure of the butterfly

Butterfly profit and loss analysis

How do you calculate a butterfly?

Breakdown of the butterfly exercise prices

What will you learn in this chapter - Different Types Of Iron Butterfly Spread?

Iron Butterfly Spread

Broken Wing Butterfly

Unbalanced Butterfly Spread

The Vega and Butterfly Strategy

At what values of IV should a butterfly strategy be opened

The Vega Curve

Comparison between 2 Vega curves with different expiration dates

Time decay and the butterfly strategy

Which strike price is most dominant in the time decay

Theta Curve

Theta and time decay at different expiration dates

What will be learned in this chapter Delta and the butterfly strategy

The delta expectation in the butterfly strategy

Where does the delta come from?

The delta curve

The delta curve between different expirations

Butterfly scenarios

7 days pass

Price changes, volatility and time adjustments

Continued drop in price and change in volatility and time adjustment

Summary of the first scenario

A scenario of volatility versus time decay

A scenario of a sharp drop in price

An unbalanced butterfly

Comparison between a normal and unbalanced butterfly

Time and volatility change scenario

A scenario between different types of butterflies

Greekness between different butterflies

The value of time in butterflies

Price drop scenario in butterflies

Execute Butterfly on SPX

Butterfly strategy mode on SPX after several days

Continue learning position management and adjustments

Rolling Up and Down

Strategy rolling advantage

Adding Protective Calls and Puts

An example of Protective Calls Or Puts

Rolling Out in Time

Adjusting Strike Prices

Closing One Side of the Butterfly

Interactive Quiz 1 - Basic Adjustments

Doubling Down

Adding Another Butterfly Spread

Hedging with a Calendar Spread

Hedging with a Calendar Spread Scenario

Interactive Quiz 2 - Advanced Adjustments

What will we learn in this chapter?

Trading Options with Fearlessness and Confidence

Trade Size and Capital Reserves

Predicting the Market's Next Move

Portfolio Balance and Beta-Weighting

How Far Out Should I Place Trades?

Strike Price Anchoring with Probabilities in options trading

How to Avoid "Black Swan" Events

Building a Diversified Options Portfolio

Dealing with Stock Assignment and Dividends

How to Free Up Trading Margin And Cash