John Locke – Broken Wing Butterfly Master Track Series

Course Overview

John Locke – Broken Wing Butterfly Master Track Series shares cutting-edge trading methods for higher profits and lower risk-taking levels. The tried-and-true frameworks are under the spotlight of the course. Meanwhile, real case studies and examples can bring more clarity to the practical application of strategies.

Course Outline

Trade entries

• Learning the expiration and how DTE changes the trade
• Choosing wing widths
• Broken Wing Butterfly vs Butterfly/call entry
• Entry location relative to at the money and how your entry affects your adjustment strategy
• Scaling entries/adjustment strategies

Upside adjustment strategies

• Adapting your upside adjustment strategy
• Different volatility levels
• Rising markets
• Falling markets
• Sideways markets

Downside adjustment strategies:

• How and when to best adjust to the downside for maximum protection with the least whipsaw risk
• How to set risk parameters: Planned Capital, Profit Target, Max Loss

Trade exit

• When and how to exit most effectively

What Will You Learn?

• Leveling up your trading skills.
• Increasing profitability while decreasing risks.
• Learning the best practices to get the right timing of trade entries and exits.
• Spotting the signs to bail out of trades to avoid costly pitfalls.

Who Is This Course For?

The course is perfect for those who already have a solid understanding of options trading. In other words, this course is for options traders to level up their trading from the base!

Additional Information: 

To get the best out of this course, you should prepare some basic knowledge and experience, such as

• The fundamentals of broken wing butterflies.
• Insights into the Greeks – Delta, Theta, Gamma Vega.
• Getting yourself familiar with analytical software, such as OptionVue or OptionExplorer.
• The basics of options spread trading, common terminologies like vertical spreads, condors, wings, T+0 line, expiration line, and days till expiration (DTE).