For decades, expert options traders have been relying on a variation of the ever popular butterfly trade to enhance their monthly income and allow them to safely include a directional bias to their trading. The Broken Wing Butterfly (BWB) is a more advanced trade, not because it is difficult to understand – but because there are more nuances that require … Read More
Recording: Greg Loehr: Trading Broken Wing Butterflies When the $VIX is in the Basement
SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by veteran options traders and experts in the world of options trading. In this presentation, Greg Loehr of Optionsbuzz.com discussed the … Read More
A Much Different Use of the Broken Wing
This post is another in a series that we will be publishing which track the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. For months now I’ve been blogging about hypothetical SPX broken wing butterflies that I’ve been identifying and managing in live markets. The returns have been positive, with only one losing trade out … Read More
Post-Election Effects: Unraveling the Broken Wing Butterfly Strategy
This post is another in a series that we will be publishing which track the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. For those that are watching this hypothetical SPX broken wing butterfly, you saw that even yesterday’s big sell off wasn’t enough to bring the trade even close to a loss exit. The … Read More
Broken Wing Butterflies Are Back
This post is another in a series that we will be publishing which track the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. After taking a break from blogging, I’m now back to continue contributing to the understanding of what I believe is among the best strategies that a trader can have in his (or … Read More