Danielle: Having JUST finished your 7 STOCKS to Success & KICK START TO VICTORY I am hyped! You had mentioned you have more information on YOU TUBE...hence---why I am here. I placed by first first two FLIES today....lets see how well I listened! AFTER just checking other COMMENTS...I must tell everyone who sees this....TAKE THE CORSE...TAKE THE COURSE!!! It will pay for itself in no time!!!!!!!!!!!!!!! Donald
Excellently stated here! I trade flies all the time and you are spot on with all that you've said. Ignore the negative comments. If people don't know how to trade them, or would rather not trade them, that's their choice. I've never understood the "why" behind people like that posting negative comments or berating the author of the thread. Nobody "forced" them to watch the video, or is forcing them to put their money on the line. Butterflies work and they work very, very well. Again, thanks for taking the time to make this video.
you are such an amazing teacher, you obviously have an excellent intimate understanding of butterflies and I thank you kindly for taking the time to share your expertise.
I guess Im asking randomly but does someone know a method to get back into an instagram account..? I was dumb forgot the password. I would love any help you can offer me!
Been watching a lot of Butterfly videos lately. This is a different, yet, good one. I would have liked to see the risk profiles of your trades. Thanks.
Thank you. That is a common piece of feedback I get. I have never really used the risk profile graph, but I've heard many people find it helpful so I should start using it more!
Saw another vid by you on butterflies, and it was too short but this vid is literally awesome. I buy long calls and puts, but in order to get a good R/R I have to add to many making my payouts higher and up to 7x my risk in profit, but makes my prob of profit harder. These will help for sure. Thank you for your precious time.
There's a major problem with Butterflies... To get the max profit, you must allow the options to expire with the stock inside your strike zone. In doing so, you will likely end up short a few hundred stock or long a few hundred shares of stock. If the market gaps up or down the next trading day, all of your profits are gone - and possibly more. A realistic expectation is to expect to get 50% and to close the trade before expiration. If you get more, great. But at least you will not end up long or short stock that: a) your account may not be able to afford. And b) could wipe out a large chunk of your capital if the market gaps up or down.
Thanks For simple explanation of butterfly options strategy... How do you generally close these types of order... Do you sell the whole butterflies altogether or sell one by one seperately.
Hi, Danielle, do you use the target price as the body of butterfly regardless of the delta? Do you use daily chart to make your trade decision? Do you use stop loss and what is your exit strategy? As always, very much appreciated your videos.
Danielle, I have seen many of your videos and thinking about taking your course. The question is this: If the price hits above 525 and stays below 550, what is the benefit of the long 575 calls? Isn't it better to buy a call debit spread instead? What is the benefit / additional value of the butterfly in this set up? Lower cost? Higher probability of "hitting the target" as you say? Something else?
also, when do you know when to close your position? what % do you go after? like for me ill go after 80% gains on cover calls and secure cover puts, or do you just let it go when OTM? what about when its ITM? what do you do?
I use them in the same situations - when I have a directional trade with a specific target. I pretty much always prefer a fly because it's cheaper and has better risk reward, but I will pass on a fly and do a debit spread instead when: A. the strikes don't fit (i.e. the third strike doesn't have any premium, there isn't enough volume) B. The spreads are too wide and it makes doing three separate legs difficult C. The price is the same for a debit spread and a fly D. I think the ticker may trade past the center strike. Having a fly where the price trades through the center price is NOT ideal but you can leg out of a spread easier so that is why I would chose it in that instance. Hope that helps!
Danielle, thank you for the video. My question is after you find your Target strike to sell your short strikes and you build your long call “wings”, should the lower long call be ITM (below current price) OTM (just above current price) or does it matter? You said to build the wings as much as you can afford, however, do you get a better return by building the lower long call ITM? Thank you
thank you for such clear explanation and how butterfly work with the fibonacci target and time frame. I always bought just calls thinking butterfly is too complicated. Your lesson made it clear for me like no one else.
Great example!! Quick question.. if I’m expecting a breakout to happen at a specific expiration date do I have to choose that same expiration contract to get the Max profit right ? I mean the weekly ?
Do you do any other adjustments other than closing and opening butterflies? Do you ever partially close one and open with the same money? Do you ever diagnose some of the strikes? Do you ever do broken wings?
Silly question. Where can you find in TOS what you paid for the butterfly? I did one on META yesterday and wanted to check price before I closed it? I know I can add & subtract to get a guesstimate of the current price, but is there somehow I can see cost at a glance? Many thanks for the video.
Hi Danielle, I really find this to be a very helpful video for optimising the butterfly setup. Thank you! In the Netflix spread where you went wider and had an awesome risk/reward, ($7736 to $2264)- My question is.... what was your profit probability? Even with such a risk to reward, we have a number called "profit probability" that shows up on the performance profile. What would you say that percentage should be.... ie. how should we look at profit probability when optimizing the butterfly spread. I thank you in advance for your advice & time. Have a great day😊
Hey Danielle, you're such a great mentor. My partner has a hard time selling his Call Butterfly Option in Charles Schwab Streetsmart Edge expiring in 12 more days. It doesn't get filled, no matter what positive Limit Credit he puts in, even on numbers lower than the current BID. Can you do a video tutorial on Selling to Close a Call Butterfly Spread? Thanks!
No because you have to sell the contracts you bought to get into the trade and that will eat away at your profit...That's what they won't tell you unless you ask...if it were that easy everybody would be a options trading millionaire.
the butterfly is cheaper but with the butterfly you have to get also the timing right, with the debit spread if it goes in the money for example 1 month before expiration you will get the whole spread as profit, whereas with a butterfly having the first leg spread in the money, depending also on the volatility, maybe you'd get half at most
I just found your video and im glad I did, Im trying to build a small account back up and I took quite a few loses just doing calls and puts. New sub 🙂
Thank you so much. Its like someone just turned on the lights and I can see everything I was missing. You explained it so well and kept it simple without dragging on.
Danielle, this is excellent! Thank you so much. I've been practicing setting these up, studying, and feel I am ready to do it soon. Quick question please: I can close out the spread anytime it's in a favorable range (profitable), between now and expiration, right? I plan to leave at least 2 weeks, so there's plenty of time for it to land on the strike price at which I sell my calls. Thank you in advance for any help.
I've been trading these pretty regularly ever since seeing this video around the time you posted. They key I have found with them is you want to trade shorter time windows with them. I think the 10-15 day area is the best (2-3 trading weeks). In that window, theta and gamma (the rate of change of delta) increases meaning that your short strikes (the ones that do most of the heavy lifting in a butterfly regarding profits) decay more quickly. So, the answer is yes, you can close them out anytime you are up but the profits will not really start to accelerate until the last week or so of the trade, so keep that in mind.
@@ImaginationBlue I prefer Iron Condors for that style. Yes, it's less profits but they have a much wider break even. Choppiness can get wild sometimes and you don't want to get knocked out for a loss in the violence.
I have a question. My broker has been closing my options trades out at 2pm ET based on some margin utilization rule despite me using 'risk defined strategies'. I've had it happen whether I am using a butterfly, credit spread, or iron condor and on all occasions I was OTM. Do you find that if you leave an option strategy until that time your broker will automatically close them out even if they are OTM?
Thank you so much for the explanation. How much time out should one go about buying a butterfly? I papertraded this strategy before and the ticket went straight to my targeted strike in a short period of time and I didn't see any increase in P/L. Thank you for any insights on this.
I’ve been wondering the same thing here. Since she mentioned theta decay I’m thinking it’s to be held in the 1-3 week time frame, so not something to buy and then get rid of at the end of the day.
also she’s using a daily chart for her setups which will show more of the long term setups and that makes me think she’s holding on to these for a while, since daily setups take a while to actually play out
Hey Danielle, I have taken your Stacked Profits class and I like the butterfly strategy, but I never seem to get filled at the "mid" price. Any tips? Thanks in advance! Love the Simpler fam!
Awesome! Well, without knowing the trades, it's hard to say. My guesses would be that you're trading tickers that have wide spreads, in which case the exact mid price isn't super critical, or that you're using alerts and you are getting in too late. If you're going off of someone's alerts and you wait a few hours, price could have moved substantially by then, especially if it's on a ticker like AMZN or TSLA. Also, if you're getting in when the ticker is going bid, it's hard to get the mid price. To get good prices, the best thing to do is enter before it takes off, when price is pulled back. It's a lot easier to bid for an order then. If it's in a momentum move and running away, you likely have to pay above mid.
@@danielleshay2573 I will take a look at the width of the spreads in the future. I am not using anyone's alerts, just trying to apply what I have been learning from you guys. Thanks for the responce!
Great video! I love butterfly's. Many times i will buy a bullish vert call then I'll sell a bearish vert call above it (to cover) to complete the butterfly.
me and my violently fast 0dte linear regression channel trading style cannot stand seeing people buying calls more than 3 days till expiration, using delta as an equivalent to prob itm.
this may sound like a stupid question but, if you set up a butterfly, and you are in the green, can you close it early to take profits like a regular call or put option; or do you have to hold it until expiration? Thanks in advance if anyone answers
Thanks for explaining it clearly. Couple of question which screener option you use to find out set up (I felt like one thing you use is less volatile stocks - lower beta) 2) How to choose days of expiry 3) which level to use of fibbnacci
gold and silver coming correction, possibly 10 to 20 percent. should we close our otm gold silver leaps, and then buy them again at a lower price, or shall we hang on?
People have been piling into the metals because of the mass amount of stimulus and money printing going on due to the pandemic. With such low interest rates, and a falling dollar, it makes sense to own gold and silver - which typically go higher in this type of macro environment. Of course, all could change during the election. This is not political - just fact. For example, under a democrat party, it's more likely to see further stimulus and shutdown (= higher prices in gold and silver) and under a Republican party, the stimulus likely won't be as much but monetary policy is still supporting the economy and stock market. Either way, to me gold and silver look strong, particularly strong under a Biden presidency. The main caveat here is the election but either way my GC target is $2150.
Thanks for your video Danielle. Wondering if you take P/L chart, vega & delta into consideration for butterfly strategy or purely R:R ratio? Seems the butterfly trades make money when it come close to expiration on the P/L chart.
so you would do the 1,2,1 balanced butterfly on the call side if you want the stock to go up? and you would do the same on the Put side if you want to stock to go down? or am I backwards? I ask because there is another video where it is mentioned this is backwards but they are explaining the Broken butterfly method.
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Danielle: Having JUST finished your 7 STOCKS to Success & KICK START TO VICTORY I am hyped! You had mentioned you have more information on YOU TUBE...hence---why I am here. I placed by first first two FLIES today....lets see how well I listened! AFTER just checking other COMMENTS...I must tell everyone who sees this....TAKE THE CORSE...TAKE THE COURSE!!! It will pay for itself in no time!!!!!!!!!!!!!!! Donald
Can we get a 24 month update? 🤣
Excellently stated here! I trade flies all the time and you are spot on with all that you've said. Ignore the negative comments. If people don't know how to trade them, or would rather not trade them, that's their choice. I've never understood the "why" behind people like that posting negative comments or berating the author of the thread. Nobody "forced" them to watch the video, or is forcing them to put their money on the line. Butterflies work and they work very, very well. Again, thanks for taking the time to make this video.
Undoubtedly the simplest explanation of the butterfly. No In-the-know jargon and straight to the point
Thank you!
I saw this video last year and it has changed my trading. I really appreciate being able to add this to the choices in trading
Thanks for posting
you are such an amazing teacher, you obviously have an excellent intimate understanding of butterflies and I thank you kindly for taking the time to share your expertise.
I guess Im asking randomly but does someone know a method to get back into an instagram account..?
I was dumb forgot the password. I would love any help you can offer me!
finally someone who can explain this correctly and simple!!! subscribe already...
Been watching a lot of Butterfly videos lately. This is a different, yet, good one. I would have liked to see the risk profiles of your trades. Thanks.
Thank you. That is a common piece of feedback I get. I have never really used the risk profile graph, but I've heard many people find it helpful so I should start using it more!
Saw another vid by you on butterflies, and it was too short but this vid is literally awesome. I buy long calls and puts, but in order to get a good R/R I have to add to many making my payouts higher and up to 7x my risk in profit, but makes my prob of profit harder. These will help for sure. Thank you for your precious time.
Happy to help!
A great explanation on how butterflies work. Thank you
Thank you. It's always easier to explain with live trades!
Best Butterfly explanation I ever saw!
The most clear and concise explanation I’ve come across on butterflies 👏🏽
very sick! Finally someone who explains it perfect!
Great Danielle, I have been trying to understand these. I will back up in time and work some of these to be sure I understand it. Bill
I can’t believe I understood this the first time!!!!!
Thanks Danielle. Great explanation of the butterfly!!
Thanks Tim!
There's a major problem with Butterflies... To get the max profit, you must allow the options to expire with the stock inside your strike zone. In doing so, you will likely end up short a few hundred stock or long a few hundred shares of stock. If the market gaps up or down the next trading day, all of your profits are gone - and possibly more. A realistic expectation is to expect to get 50% and to close the trade before expiration. If you get more, great. But at least you will not end up long or short stock that: a) your account may not be able to afford. And b) could wipe out a large chunk of your capital if the market gaps up or down.
I think we all know the risks. Trading is about risk, that's how/why we get paid.
Of course that's not true on indexes. But good point thank you
Trade SPX
Cash settlement are awesome
Loved the video, Danielle. I just started with Simpler Trading and would really like to begin trading butterflies with my tiny accounts
Oh my gosh, thank you for explaining it in a way I could understand. I was so confused by some of the other videos with white boards. Excellent!
Glad it was helpful!
Thanks For simple explanation of butterfly options strategy... How do you generally close these types of order... Do you sell the whole butterflies altogether or sell one by one seperately.
Hi, Danielle, do you use the target price as the body of butterfly regardless of the delta? Do you use daily chart to make your trade decision? Do you use stop loss and what is your exit strategy? As always, very much appreciated your videos.
Excellent and clear to understand explanation of strategy. Thank you!
Glad it helped you!
Trying to learn Butterfly strategy and came across your explanation video on Butterfly, you are excellent teacher best video so far for me !
9999999
book if the Panden
Hi, Danielle, would you use the same strategy for indexes like SPX and RUT? Thanks for sharing!
Danielle, I have seen many of your videos and thinking about taking your course. The question is this: If the price hits above 525 and stays below 550, what is the benefit of the long 575 calls? Isn't it better to buy a call debit spread instead? What is the benefit / additional value of the butterfly in this set up? Lower cost? Higher probability of "hitting the target" as you say? Something else?
Nice explanation on the butterflies. Thanks.
I'm glad ou found it helpful!
Great job and explanations.
Very helpful. Thank you. Can I ask what software program you are using in the video? What do you recommend?
also, when do you know when to close your position? what % do you go after? like for me ill go after 80% gains on cover calls and secure cover puts, or do you just let it go when OTM? what about when its ITM? what do you do?
Very nice explanation of the Butterfly Strategy. Thank you.
hi thanks Danielle .could please tell me in a directional trade when should use the butterfly and when vertical spread?
I use them in the same situations - when I have a directional trade with a specific target. I pretty much always prefer a fly because it's cheaper and has better risk reward, but I will pass on a fly and do a debit spread instead when: A. the strikes don't fit (i.e. the third strike doesn't have any premium, there isn't enough volume) B. The spreads are too wide and it makes doing three separate legs difficult C. The price is the same for a debit spread and a fly D. I think the ticker may trade past the center strike. Having a fly where the price trades through the center price is NOT ideal but you can leg out of a spread easier so that is why I would chose it in that instance. Hope that helps!
simpler and simply great
Danielle, thank you for the video. My question is after you find your Target strike to sell your short strikes and you build your long call “wings”, should the lower long call be ITM (below current price) OTM (just above current price) or does it matter? You said to build the wings as much as you can afford, however, do you get a better return by building the lower long call ITM? Thank you
Decent content with good explanation. Tks Danielle.
Danielle, clear expaination and very details. what is ST_turbo and ST_SqueezePRO. if my direction is downtrend, can i use butterfly to trade?
thank you for such clear explanation and how butterfly work with the fibonacci target and time frame. I always bought just calls thinking butterfly is too complicated. Your lesson made it clear for me like no one else.
Learned a lot, was not a butterfly fan, seemed confusing but I’ll try it! 😊 thanks
Any luck?
Very informative. Thank you for sharing.
Great example!! Quick question.. if I’m expecting a breakout to happen at a specific expiration date do I have to choose that same expiration contract to get the Max profit right ? I mean the weekly ?
Great explanation, Danielle. Really appreciate the great information. Thank you!
Do you do any other adjustments other than closing and opening butterflies?
Do you ever partially close one and open with the same money?
Do you ever diagnose some of the strikes?
Do you ever do broken wings?
One reason the Butterfly cost less was that it expired 2 weeks earlier (11 DTE) than the long call (25 DTE) referred to for comparison purposes!
The 2 oscillating indicators you use, are they standard on TOS?
Amazing that the best butterfly option trade information strategy and cheap premium price.
Thanks. Great explanation. Hope to see more vids of your current trades with butterflies and other strategies.
Thank you. Your explanation about Butterfly is really great.
Happy you find it helpful!
thanks danielle shay, that was very information. what is the difference between butterfly and iron butterfly?
great video. I love bflies as well. Amazing. Thank you
Silly question. Where can you find in TOS what you paid for the butterfly? I did one on META yesterday and wanted to check price before I closed it? I know I can add & subtract to get a guesstimate of the current price, but is there somehow I can see cost at a glance? Many thanks for the video.
Hi Danielle, I really find this to be a very helpful video for optimising the butterfly setup. Thank you! In the Netflix spread where you went wider and had an awesome risk/reward, ($7736 to $2264)- My question is.... what was your profit probability? Even with such a risk to reward, we have a number called "profit probability" that shows up on the performance profile. What would you say that percentage should be.... ie. how should we look at profit probability when optimizing the butterfly spread. I thank you in advance for your advice & time. Have a great day😊
Very well explained, thank you!
Hey Danielle, you're such a great mentor. My partner has a hard time selling his Call Butterfly Option in Charles Schwab Streetsmart Edge expiring in 12 more days. It doesn't get filled, no matter what positive Limit Credit he puts in, even on numbers lower than the current BID. Can you do a video tutorial on Selling to Close a Call Butterfly Spread? Thanks!
If the price hits your target prior expiration can you close the trade, and would that give you max profit? Thank you for the great video!
No because you have to sell the contracts you bought to get into the trade and that will eat away at your profit...That's what they won't tell you unless you ask...if it were that easy everybody would be a options trading millionaire.
Great video. Quick question though. You compared the cost of the butterfly to a long call. But how would it compare to call debit/bull spread?
the butterfly is cheaper but with the butterfly you have to get also the timing right, with the debit spread if it goes in the money for example 1 month before expiration you will get the whole spread as profit, whereas with a butterfly having the first leg spread in the money, depending also on the volatility, maybe you'd get half at most
Can you use stops on butterflies for people that can’t babysit all day (FT job)?
Thank you. This has helped me get clear understanding of the butterfly strategy!
I just found your video and im glad I did, Im trying to build a small account back up and I took quite a few loses just doing calls and puts. New sub 🙂
Welcome aboard! :)
Great video , I absolutely understood butterflies now. What’s the risk of being assigned
Best video everrrr!!!!
Great video. Question. I see you have the squeeze indicator on your chart, what is the one underneath?
Beautifully explained and beautiful period!
I see you like the ttm squeeze. One of my favorites. I put it with the ATR.
Danielle, how did you get future earnings to show up in your Think or swim screen? I cannot find that button. Driving me crazy. Thanks for the videos.
Thank you so much. Its like someone just turned on the lights and I can see everything I was missing. You explained it so well and kept it simple without dragging on.
Great explanation. Thank you!
You're welcome!
Buying a butterfly is easy, selling one on the other hand is a different story. Any helpful tricks to get your order to fill ?
when you order the course, you feel like you walked into the middle of a presentation two months late
Nicely explained
Danielle, this is excellent! Thank you so much. I've been practicing setting these up, studying, and feel I am ready to do it soon. Quick question please: I can close out the spread anytime it's in a favorable range (profitable), between now and expiration, right? I plan to leave at least 2 weeks, so there's plenty of time for it to land on the strike price at which I sell my calls. Thank you in advance for any help.
I've been trading these pretty regularly ever since seeing this video around the time you posted. They key I have found with them is you want to trade shorter time windows with them. I think the 10-15 day area is the best (2-3 trading weeks). In that window, theta and gamma (the rate of change of delta) increases meaning that your short strikes (the ones that do most of the heavy lifting in a butterfly regarding profits) decay more quickly. So, the answer is yes, you can close them out anytime you are up but the profits will not really start to accelerate until the last week or so of the trade, so keep that in mind.
@@TheAutisticlove Super helpful, thank you Chris. ; )
@@TheAutisticlove If butterflies work well with range bound stocks, do you have a few you concentrate on?
@@ImaginationBlue I prefer Iron Condors for that style. Yes, it's less profits but they have a much wider break even. Choppiness can get wild sometimes and you don't want to get knocked out for a loss in the violence.
I like how you talk 😇 how do you place the trades what's the best platform for a new trader? Be Very Well Always
What platform do you use??
great video!
great example.. i loved the "dart board" idea however.. its maybe not perfect? thanks for the help however!
Would like to learn more about how to TIME the butterfly expiration we should aim at! Can anyone help with that?
I like butterflies. I agree. Very nice
Do you have a video of how you defend the butterfly if it blows past your strikes? Or managing it for a stop loss of any kind?
Hey Danielle. Appreciate the video. How do you manage assignment w/ a small account? Or is that always a risk?
ok WHEN do I actually exit or close the position for gains?
I have a question. My broker has been closing my options trades out at 2pm ET based on some margin utilization rule despite me using 'risk defined strategies'. I've had it happen whether I am using a butterfly, credit spread, or iron condor and on all occasions I was OTM. Do you find that if you leave an option strategy until that time your broker will automatically close them out even if they are OTM?
Game changer!
Thank you so much for the explanation. How much time out should one go about buying a butterfly? I papertraded this strategy before and the ticket went straight to my targeted strike in a short period of time and I didn't see any increase in P/L. Thank you for any insights on this.
I’ve been wondering the same thing here. Since she mentioned theta decay I’m thinking it’s to be held in the 1-3 week time frame, so not something to buy and then get rid of at the end of the day.
also she’s using a daily chart for her setups which will show more of the long term setups and that makes me think she’s holding on to these for a while, since daily setups take a while to actually play out
Hey Danielle, I have taken your Stacked Profits class and I like the butterfly strategy, but I never seem to get filled at the "mid" price. Any tips? Thanks in advance! Love the Simpler fam!
Awesome! Well, without knowing the trades, it's hard to say. My guesses would be that you're trading tickers that have wide spreads, in which case the exact mid price isn't super critical, or that you're using alerts and you are getting in too late. If you're going off of someone's alerts and you wait a few hours, price could have moved substantially by then, especially if it's on a ticker like AMZN or TSLA. Also, if you're getting in when the ticker is going bid, it's hard to get the mid price. To get good prices, the best thing to do is enter before it takes off, when price is pulled back. It's a lot easier to bid for an order then. If it's in a momentum move and running away, you likely have to pay above mid.
@@danielleshay2573 I will take a look at the width of the spreads in the future. I am not using anyone's alerts, just trying to apply what I have been learning from you guys. Thanks for the responce!
Very nice job, just subscribed. You're not concerned about the lower delta (ie probability)?
Great video! I love butterfly's. Many times i will buy a bullish vert call then I'll sell a bearish vert call above it (to cover) to complete the butterfly.
Thanks for sharing this.
me and my violently fast 0dte linear regression channel trading style cannot stand seeing people buying calls more than 3 days till expiration, using delta as an equivalent to prob itm.
Do you take bearish positions with butterfly's?
Excellent explanation! Broken down really well with a great detail.
this may sound like a stupid question but, if you set up a butterfly, and you are in the green, can you close it early to take profits like a regular call or put option; or do you have to hold it until expiration? Thanks in advance if anyone answers
Thanks for explaining it clearly. Couple of question which screener option you use to find out set up (I felt like one thing you use is less volatile stocks - lower beta) 2) How to choose days of expiry 3) which level to use of fibbnacci
Hey! Great video. What's that indicator below the Squeeze?
Thank you for showing your live account. Many on TH-cam hide the edges of the software and I assume they are paper trading.
Of course, we value transparency!
gold and silver coming correction, possibly 10 to 20 percent. should we close our otm gold silver leaps, and then buy them again at a lower price, or shall we hang on?
They are going up once the stimulus passes.
People have been piling into the metals because of the mass amount of stimulus and money printing going on due to the pandemic. With such low interest rates, and a falling dollar, it makes sense to own gold and silver - which typically go higher in this type of macro environment. Of course, all could change during the election. This is not political - just fact. For example, under a democrat party, it's more likely to see further stimulus and shutdown (= higher prices in gold and silver) and under a Republican party, the stimulus likely won't be as much but monetary policy is still supporting the economy and stock market. Either way, to me gold and silver look strong, particularly strong under a Biden presidency. The main caveat here is the election but either way my GC target is $2150.
Also, gold has a fantastic daily squeeze and cup and handle pattern...I am targeting $2200 an ounce.
Great walkthrough!
Great video and explanation.
A very nice video, especially breaking down where the profits come from - the theta decay and long calls when stock goes up and when it goes sideways.
Thanks for your video Danielle. Wondering if you take P/L chart, vega & delta into consideration for butterfly strategy or purely R:R ratio? Seems the butterfly trades make money when it come close to expiration on the P/L chart.
Great video! What are your thoughts on broken wing butterfly over a regular butterfly?
Do you ever target a specific delta range for these plays?!
so you would do the 1,2,1 balanced butterfly on the call side if you want the stock to go up? and you would do the same on the Put side if you want to stock to go down? or am I backwards? I ask because there is another video where it is mentioned this is backwards but they are explaining the Broken butterfly method.
i just bought my first butterfly today on nvidia and i am not sure how exactly to get rid of it i have tos. can you help?