How To Setup The Put Broken Wing Butterfly

Episode 288
Subscribe Now! 
To Get New Notified Of All New Episodes - And Get Tons of Free Bonuses!

How To Setup The Put Broken Wing Butterfly
How To Trade Stocks and Options Podcast

Show Notes

In this video, I talked about a bullish strategy called Broken Wing Put Butterfly.

A broken wing butterfly only has losses on one direction so you're setting it up to be a bullish trade. Set this up for a credit so the max profit on this trade is going to be the width of the narrower spread plus the credit received.

The max risk on this trade is the sold strike minus the wider spread strike plus the credit received.

The ideal setup on this trade is to be high implied volatility and you wanna buy one out of the money put, sell two farther out of the money puts and buy one farther out of the money put.

The break-even point is the put sold strike minus the width of the narrower spread and minus the credit received.

Follow these steps to get started on your journey to becoming a 10 Minute Trader too!

Step #1: Go to https://www.10minutestocktrader.com/free-training to learn our top 3 secrets on to How To Immediately Use The Same Tools And Secret Weapons The Big Banks On Wall Street Are Using... So You Can Avoid Wasting Time And Money Choosing The Wrong Stocks! 

Step #2: Get the 100% FREE secret weapon that investors all over the world are using to start changing their financial future here:

Step #3: Want to See How We Use Artificial Intelligence To Get Win Rates As High as 90%, Without Wasting Any Time on Useless and Obsolete Technical Analysis...
Go Right Now to https://finclub.ai and see for yourself how they take the guesswork out of trading!

Step #4: Do you have the premier options trading broker? If you have any other broker, I want you to stop and go to https://www.trytastyworks.com right now. I have an incredible offer for you, just sign up for a FREE account with Tastyworks using offer code 10MINUTE and I will give you nearly $1,500 in FREE bonuses just for creating a FREE account! It doesn't get any easier than that!

Step #5: This Is The BEST Charting Platform I've Ever Used, Get 15% Off Your First Year!
TRENDSPIDER - The Future of Trading Software

Step #6: Get A FREE Copy Of The Book I Use As My Business Plan To Grow From Zero to Seven Figures...

Step #7: Connect on Social Media

Next Episode

Previous Episode

Hosted By:

Christopher M. Uhl, CMA
Top 100 People in Finance

Award Winning Trader, Entrepreneur, Author, Podcaster, Speaker, and Coach that partners with entrepreneurial traders and everyday investors looking to get ahead around the world to help them change their financial futures.

The Secret Weapon Every Investor Needs...
(And it's 100% FREE!)
Grab your copy today for 100% FREE! Just click the button below and input your information and you'll be trading like a pro in no time!
Contact
Email: contact@10MinuteStockTrader.com