Today, Brian discusses one of his personal favorite strategies: Butterfly Spreads.
Click here to access Options Playbook Radio 53: Butterfly Spreads
Today in Options Playbook Radio, we?re discussing butterfly spreads. For those of you with the hardcover version of the book, this can be found on pages 103 and 104. You can always find it on OptionsPlaybook.com as well.
Today, Brian discusses:
- What do we mean by legs?
- How are butterfly spreads entered as a trade?
- Looking at an example using XYZ calls
- Where do you start?
- What is the net debit?
- What is the max risk?
- What is the max gain?
- What is the break-even?
- Look at this as two spreads
- And more?