Butterfly Spread

If you’re new to our site, make sure to watch our FREE Online Option Income Trading Video by Going Here. Thanks for visiting! Our Nov 10 Skewed Butterfly trade gave us 12% this month. We love the ‘magic bows’ on these trades that can many times produce much better profits than even what our flat [...]

Closed our Nov 10 Iron Condor Iron Butterfly Trade for just over 4% profit. To learn more about how to trade these particular trades join our new newsletter. addthis_url = ‘http%3A%2F%2Fwww.butterflyspreadblog.com%2Fbutterfly-spread%2Fnov-10-rut-iron-butterfly-iron-condor-closed%2F’; addthis_title = ‘NOV+%E2%80%9810+RUT+IRON+BUTTERFLY+IRON+CONDOR+CLOSED’; addthis_pub = ”; Technorati Tags: Butterfly Spread, Credit Spread, Iron Condor, iron condors, option strategies

When I first began trading the iron condor, my game plan was to leave the trade on all the way to the bitter end. After I placed the trade, I would just leave it be until expiration day where the options would expire worthless and disappear into option heaven. Back then I believed this was [...]

OEX Butterfly closed for profit. We ran this butterfly up to expiration as the the OEX was trading right near our short strikes. Stay tuned as shortly we will start to post our results for the J Trade going back to January addthis_url = ‘http%3A%2F%2Fwww.butterflyspreadblog.com%2Fbutterfly-spread%2Faug-10-oex-broken-wing-butterfly-closed%2F’; addthis_title = ‘AUG+%E2%80%9810+OEX+BUTTERFLY+SPREAD+%26%238211%3B+CLOSED’; addthis_pub = ”; Technorati Tags: broken wing [...]

This was our second RUT Butterfly we put on this month. This trade was placed with RUT trading around 658. Immediately upon placing the trade, the index, along with the rest of the market, started a big down move, eventually traveling more than 10% before bouncing back up some today. Despite the move, thanks to [...]

ABOVE: Position as we start to unwind it. Profit target hit. ABOVE: Left on one of our extra long calls as lottery ticket. Our profit goal is locked in. Closed out our July Butterfly / Iron Condor for just under 9% profit. addthis_url = ‘http%3A%2F%2Fwww.butterflyspreadblog.com%2Foption-trades%2Fjuly-10-butterfly-spread-iron-condor-closed%2F’; addthis_title = ‘July+%26%238217%3B10+Butterfly+Spread+%26%238211%3B+Iron+Condor+Closed’; addthis_pub = ”; Technorati Tags: Butterfly Option, [...]

Our July Iron Condor / Butterfly Spread is off and running. So far so good as we have a profit already and have our ‘ whipsaw curbs’ in place while retaining a good theta. Stay tuned… addthis_url = ‘http%3A%2F%2Fwww.butterflyspreadblog.com%2Foption-trades%2Fjuly-10-rut-butterfly-spread-iron-condor-opened%2F’; addthis_title = ‘July+%E2%80%9810+RUT+BUTTERFLY+SPREAD+%26%238211%3B+IRON+CONDOR+OPENED’; addthis_pub = ”; Technorati Tags: Butterfly Option, Butterfly Spread, Credit Spread, iron butterfly, [...]

Closed out our last June Iron Condor Butterfly Spread today for right under a 5% gain. Todays big down move in reaction to employment numbers put the position right at the sweet spot at the open. Rising vols initially hurt the position a bit, however as the morning progressed, what appeared to be some friday [...]

This is our 3rd Butterfly Spread we’ve traded this month. Even with this very volatile month because of our new ‘flex’ adjustments we’ve been able to bring in a profit on each one. This trade is just now starting to show a profit and we expect (knock on wood) to close this out profitably early [...]

During the ‘flash crash’ where the dow sunk 1000 points we had an iron butterlfy position on that performed remarkably well thanks to a simple, cheap, way out of the money put adjustment we had made earlier in the day. Taken at 11:40 AM A couple hours before the big drop, we put on a [...]