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By Steve Liguori, Instructor - Course Developer

Options - High Probability Broken Wing Butterfly Strategy

Language: English
All Levels

Course description

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.

Related Skills

Course overview - 12

  • Introduction

  • What is a Butterfly Spread?

  • Comparing Butterflies with Different Strike Widths

  • Out of the Money (OTM) Butterflies

  • Call Put and Iron Butterflies

  • The Broken Wing Butterfly

  • Increasing Your Probability by Shifting the Trade

  • The High Probability Butterfly

  • What if I Want No Risk to the Downside?

  • Trade Example 1- AAPL

  • Trade Example 2 - NFLX

  • Summary, Risk Tolerance, and Next Steps

Learners who have already enrolled in this course

Meet your instructor

Steve Liguori
Steve LiguoriInstructor - Course Developer
A Tale of Two Careers…  Steve is a Stock and Options Trader for over 19 years and an Instructor, Coach and Mentor for most of his life. He is the Founder and Options Coach/Mentor at Blue Chip Trader Development and is available to answer your questions as well as provide One-on-One Online Personal Coaching Sessions.    Steve's mission is to assist new and experienced Stock and Options Traders in realizing their own potential.  He focuses on the mental aspect of trading, as well as strategies and skills and has an intuitive way of connecting with students to pinpoint the factors that are preventing them from succeeding.    Steve brings to the table an unprecedented passion for teaching.    Years of Coaching new and experienced Traders has given Steve the understanding of what struggling traders need most; Clear explanations of the Processes that will lead them to the Success they are looking for in their Trading.     Steve is also an ASE Certified Master Automotive Technician for over 35 Years. Back in the Day, He was the “go to” guy for vehicles that no one else could fix, as well as a Shop Foreman and Instructor of fellow technicians.   After 26 years specializing in Diagnosing Electrical and Electronics Systems, Steve made the move to Automotive Instructor and spent the next 10 years at a Technical School in NY. There he received a Recognition Award as Top Instructor.  Steve teaches in a way that lets the students realize “they can do this”, not how hard it is. He is passionate about teaching and takes pride in every light bulb he can turn on.