Follow along as John Locke shows a trade example of the Quick and Dirty Broken Wing Butterfly, a simple market neutral trading strategy designed for the Russell 2000 index. This is just one example of the many high probability options strategies that John has developed where they utilize the passage of time rather than price movement.

00:00 Trade win example

01:20 Option trading description

02:05 Parameters of this trade

03:10 Broken Wing Butterfly trading structure

03:25 Put options entered

04:20 Delta Greek monitoring

05:35 Price chart analysis

06:25 Vertical adjustment

09:30 Technicals review

10:30 P&L check

11:00 DTE exit parameter

11:30 Implied volatility relief

11:55 Profit target exceeded!

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John Locke has been working with options for 20+ years and has built himself up as a leader in the stock options trading industry. Having trained now hundreds of traders, his natural ability to teach complex topics with clarity and passion has made him invaluable to the trading community.

#butterfly #optionstrading #options #optionsstrategy #optionselling #optionstratergy #trading #theta

*The result shown is from real-time, hypothetical trades such as those shown in the Options Trading for Income weekly webinar or Trading With The PROS biweekly webinars. Simulated trades are believed to be represented as accurately as possible, however, live results may have been different. The result is shared as an example for educational purposes ONLY.