Most of the options income traders on our trading desk here at SMB trade a strategy known as the butterfly. Professional options income traders tend to gravitate towards the butterfly because it has excellent risk/reward characteristics and is easily modified to adapt to market conditions and still maintain strong profitability potential.
If you are interested in learning about the most popular initial set up on our trading desk and a simple way to modify to adapt to changing market pricing then you won’t want to miss this video.