Rise2learn – Options Mastery #6: Butterfly

Rise2learn – Options Mastery #6: Butterfly

Description of Options Mastery #6: Butterfly

Learn to trade options butterfly spreads

Learn to trade butterfly options for monthly income and build your retirement so that you can worry less about money.

What will you learn in Options Mastery #6: Butterfly?

Introduction to the Butterflies Course

• Introduction to the Options Butterfly Spreads Course (14:02)
• How a Butterfly Spread Makes You Money (20:34)
• The Business of Trading Butterfly Spreads (19:49)

The Business of Trading Butterflies

• Portfolio Breakdown: How & Where Do Butterfly Spreads Fit into Your Portfolio (25:14)
• A $50,000 Portfolio Example Using Butterfly Spreads (26:16)
• Building a Portfolio with Butterfly Spreads in a Trading Platform (32:14)

Butterfly Basics

• Butterfly Basics & How it is Constructed (23:15)
• Should You Use Calls or Puts When Trading Butterfly Spreads (11:22)
• What is an Iron Butterfly and How is it Similar to a Regular Butterly Spread? (6:41)
• How Wide of a Butterfly Should You Do? Or How Do You Choose the Wings? (9:24)
• How a Butterfly is Similar to an Iron Condor (16:29)
• Differences Between a Butterfly Spread and a Calendar (15:51)
• Variations of Different Butterfly Spreads (Single, Double, Broken Wing) (17:57)
• Selling a Butterfly Spread, the Risks Involved, & When to Do It (13:35)

Butterfly Greeks

• Greeks – Overall Big Picture (13:12)
• Understanding the Greeks When Trading Butterfly Spreads: Delta (30:07)
• Understanding the Greeks When Trading Butterfly Spreads: Gamma (18:58)
• Understanding the Greeks When Trading Butterfly Spreads: Theta (19:01)
• Understanding the Greeks When Trading Butterfly Spreads: Vega (27:15)
• Greeks – Big Picture to Understanding the greeks and How They Work Together (29:18)

Setting Up a Butterfly Spread​

• Delta Neutral Butterfly Spread Setup (20:22)
• Losing Money on Butterfly Spreads and Don’t Know Why (15:23)
• The Theta Advantage to Trading Butterfly Spreads (10:36)
• Why Butterflies are Great for Directional Bets (14:55)
• How to Use Butterfly Spreads for Earnings or Events (15:52)
• Butterfly Spreads vs Vertical Spreads for a Directional Bet (13:17)

Trade Planning With Butterfly Spreads

• Finding Good Stocks or Vehicles for Trading Butterfly Spreads (16:22)
• Trading Butterfly Spreads on Cheap vs Expensive Stocks (9:45)
• Starting a Butterfly Position When the Vix is Low (15:40)
• Starting a Butterfly Position When the Vix is High (16:11)
• Short vs Long-Duration Butterfly Spreads and What to Watch Out for in Each (18:15)
• How Long Should You Hold on to Your Butterfly Trade (12:41)
• How to Plan Out Your Butterfly Trade Step-by-Step (30:40)

Butterfly Adjustments

• When to Adjust a Butterfly Trade as it Goes Against You & How to Think About Adjustments (30:10)
• Different Adjustment Ideas with Butterfly Spreads & When to Use Them (46:48)

Butterfly Strategies & Examples

• Managing Multiple Butterfly Spreads and Creative Strategies (22:24)
• Strategy Idea: Balanced Butterfly for Non-Directional Monthly Income (35:45)

Strategy: Butterflies for Earnings

• Strategy Idea: Speculative Earnings Directional Butterfly (21:15)
• Earnings Trade Example on BYND Using a Butterfly Spread (17:08)
• Setting Up an Earnings Play with a Butterfly Spread on MNST (16:16)
• Single Butterfly Earnings Trade on SNAP (13:24)

Strategy: Creative Butterfly & Diagonal Mix

• Strategy Idea – Butterfly Mixing in a Diagonal to Reduce Negative Vega (12:05)
• Chameleon Butterfly (Mix) Trade Example on Amazon – 46 Days (1:00:39)

Strategy: Broken Wing Butterfly

• Strategy Idea: Broken Wing Butterfly (Unbalanced) (15:51)
• Strategy Idea: Long Investment Broken Wing Butterfly (23:19)

Strategy: Long-Term Investment Butterflies

• Creating a Long-Term Investment Broken-Winged Butterfly (MSFT) 65 Days (57:25)
• Long-Term Investment Broken-Winged Butterfly on SBUX – 45 Days (1:20:16)
• Long Investment Out of the Money Butterfly on SQ – 31 Days (42:30)

Strategy: Double Butterfly

• Strategy Idea: Double Butterfly for Non-Directional Monthly Income (16:10)
• Double Butterfly on AAPL for Non-Directional Monthly Income – 46 Days (36:46)
• Double Butterfly on SPOT for Non-Directional Monthly Income – 31 Days (13:33)
• Double Butterfly on CAT for Non-Directional Monthly Income – 43 Days (37:44)

Strategy: Super Nova Butterfly

• Strategy Idea Super Nova Weekly Butterfly (Short Duration) (18:40)
• Short-Term Speculative Weekly Butterfly on NFLX – 18 Days (20:00)
• Short-Term Speculative Weekly Butterfly on FB – 17 Days (22:34)

Strategy: Drag Racer Butterfly

• Strategy Idea: Drag Racer Directional Weekly Butterfly (Short Duration) (17:51)
• Weekly Directional Bearish Butterfly Strategy (Drag Racer) – SHOP – 17 Days (28:17)
• Weekly Directional Bearish Butterfly Strategy (Drag Racer) – TSLA – 17 Days (22:36)

Sign Out

• Final Words of Wisdom and Sign Out (8:32)

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