Butterfly Spreads

Body and Wings: Introduction to the Option Butterfly Spread July 31, 2018 4:00 AM   |  

Learn about butterfly option spreads and how they differ from iron condors, plus an explanation of a butterfly option strategy.

5 min read  |  Advanced Options Strategies
Trading Earnings Season? Brush Up on Your Option Greeks July 3, 2018 4:00 AM   |  

The sensitivity of option prices to changes in time, volatility, and the price of the underlying are commonly referred to as “Greeks.” As you prepare for earnings season, here's an overview.

5 min read  |  Options Trading Basics
Turn a Long Butterfly Spread into a Credit Spread? Break a Wing December 20, 2017 11:00 PM   |  

Learn how to turn a long butterfly spread—typically initiated with a debit—into a credit spread by adjusting one of the wings, aka a “broken wing butterfly.”

5 min read  |  Advanced Options Strategies
Swim Lessons: Brush Up On Your Greeks This Earnings Season April 20, 2017 4:00 AM   |  

The sensitivity of option prices to changes in time, volatility, and the price of the underlying are commonly referred to as “Greeks.” Here is an overview of

5 min read  |  Options Trading Basics
Unbalanced Butterfly: Tilting the Odds April 17, 2017 12:00 AM   |  

How to tweak a butterfly when you have strong directional bias, time to expiration is short and you want to squeeze as much as you can out of your position.

8 min read  |  Advanced Options Strategies
Dissecting Synthetics: Don't Be Baffled by Iron Butterfly Spreads February 22, 2016 11:00 PM   |  

Explore synthetics in your option trading, especially with butterfly spreads, to potentially save money regardless of how your trade turns out.

3 min read  |  Advanced Options Strategies
Market Grudge Match: Enter a Trade Using Volatility or Price? October 1, 2015 6:03 PM   |  

Use volatility to pick an options strategy to speculate on a given direction, rather than to replace fundamental analysis and charts to determine potential.

7 min read  |  Options Trading Basics
Trading Tips for Your Non-Trading Millennial Friends September 30, 2015 8:04 PM   |  

Turn conventional investing wisdom on its head and don't do what countless others have tried before you. Good habits and knowing what not to do are a must.

5 min read  |  Options Trading Basics
Rolling: The Art and Science of Extending a Trade's Duration August 2, 2015 8:00 PM   |  

Explore rolling options “losers” to extend duration for covered calls, naked calls or puts, one side of a short strangle, and select other trades.

3 min read  |  Advanced Options Strategies
Ask Trader Guy: Butterfly Spread Woes and Option Arbitrage January 1, 2015 12:00 PM   |  

Our resident guru explains the deal with short-term butterflies, hard-to-borrow stocks, and (ahem) “cleansing” techniques.

2 min read  |  Advanced Options Strategies
Killing Time: A Calendar Spread Trading Primer March 1, 2013 4:09 PM   |  

The calendar spread is another building block for spread traders. Though it's designed to profit when a stock goes nowhere, there's more to them.

13 min read  |  Advanced Options Strategies
Trading Tip for the 99%: Do what the 1% Does March 31, 2012 8:00 PM   |  

You may have heard that trading is a giant conspiracy by the "1%" who make all the money. In truth, the market doesn't care. Here are some practical rules.

10 min read  |  Options Trading Basics
Markets are Random, Your Portfolio Shouldn't Be October 1, 2010 6:21 PM   |  

There's a camp of traders who think a stock's next move is about as predictable as a coin toss. Just take your stock-picking hat off for a moment and focus.

7 min read  |  Trading Basics
On Beyond Condors: Strategies For Undefined-Risk Trades April 1, 2010 6:37 PM   |  

Option strategies for more potential profit, using undefined-risk trades that draw roots from their defined-risk cousins.

9 min read  |  Advanced Options Strategies
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