Options Playbook Radio 58: Back to Butterflies

In this episode, we’re discussing skip strike, or modified/broken wing butterflies. If you’re playing the home game, you can find this information on page 108 (skip strike butterflies with calls) or page 110 (skip strike butterflies with puts). Additionally, it’s always available on OptionsPlaybook.com.

Today, Brian discusses:

• Understanding butterflies first
• How a skip strike butterfly is different than a regular butterfly
• Risk trade-offs versus a standard butterfly
• Benefit: doing it for a credit
• Why you want to be directional in your forecast
• And more…