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Swing Trades Using Options Pop and Drop: #4. Short Put Butterfly
October 14 @ 4:15 pm - 5:15 pm EDT
The Short Put Butterfly is an option strategy that profits when the Stock, ETF or Future makes a sharp move in either direction. The Short Put Butterfly is a limited risk option strategy. Even veterans of trading often don’t have a market directional assumption every time. A trader must ask: How does one trade with no particular directional assumption but feels the market is primed to really get moving? What is the best option strategy with that assumption in a low volatility environment? It may be a good opportunity to implement a Short Put Butterfly.
Spotting the best market conditions before trading the Short Put Butterfly is paramount o the success of any trade but maybe none is more important than the Short Put Butterfly. Join Eric “The Wolfman” Wilkinson, former Chicago Board of Trade floor trader and 25-year professional trader, as he explains how traders of a Short Put Butterfly can take advantage of a quick move, in an underlying, in either direction. Eric will show the correct way to trade the Short Put Butterfly, in a margin or IRA account.