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Swing Trades Using Options -Sideways Moves: #4. The Long Put Butterfly
August 19 @ 4:15 pm - 5:15 pm EDT
The Long Put Butterfly is an option strategy that profits when the stock, ETF, or Future stays within a tight trading range (Market Neutral Assumption) or migrates lower (slightly Bearish Market Assumption) to a price location the trader or investor believes to be a target. Most of the time, when trading options, we associate “Long” option strategies with the need for an outpaced move in the stock, ETF or Future in order to profit, but that is not the case with the Long Put Butterfly. Swing Traders and investors who are looking to profit on an underlying asset that is not making you money any other way, will not want to miss when, where, and why the Long Put Butterfly is the best strategy for the given market conditions but most importantly HOW to build a Long Put Butterfly properly!
Spotting the correct market conditions is paramount to the success of the Long Put Butterfly. This is why I spend so much time on the when, where, why and how to trade the Long Put Butterfly option strategy. Join Eric “The Wolfman” Wilkinson, former Chicago Board of Trade floor trader and 25 years professional trader, as he will show you how to spot the best time to implement the Long Put Butterfly for maximum returns.