Eric "Wolfman" Wilkinson's live on YouTube

Swing Trades Using Options

Pop and Drop: #3. Short Call Butterfly

The Short Call Butterfly is an option strategy that profits when the shock, ETF or Future makes a sharp move in either direction. The Short Call Butterfly is a limited risk option strategy.  Even veterans of trading often don't have a market directional assumption every time. A trader must ask: How does one trade with no particular directional assumption but feels the market is primed to really get moving? What is the best option strategy with that assumption in a low volatility environment? It may be a good opportunity to implement a Short Call Butterfly.

Spotting the best market conditions before trading the Short Call Butterfly is paramount o the success of any trade but maybe none more important than the Short Call Butterfly. Join Eric "The Wolfman" Wilkinson, former Chicago Board of Trade floor trader and 25 year professional trader, as he explains how traders of a Short Call Butterfly can take advantage of a quick move, in an underlying, in either direction. Eric will show the correct way to trade the Short Call Butterfly, in a margin or IRA account.

About Eric "The Wolfman" Wilkinson

Eric Wilkinson is a veteran floor trader and has been trading financial futures, commodities, stocks, stock indices and options on a variety of products for over 25 years.

You may recognize Eric from CNBC and Fox Business News where he has done commentary.

http://www.protraderstrategies.com/about-us/252-2/eric-the-wolfman-wilkinson/

He has been sought out by several media outlets to debate against some of the brightest minds in the industry, where he debates on topics ranging from economics, geopolitics and market directions.

He is most notable for his comments in Rick Santelli’s “Rant Heard Around the World” where he was the first to use the phrase “moral hazard” in connection with the Feds actions surrounding the financial crises of 2008.

Mr. Wilkinson is a professional Trader and he is also an educator with ProTraderStrategies.com. He began his trading career while earning his Finance degree at Ball State University. After graduating, he moved to Chicago to work on the floor of the Chicago Board of Trade where he honed his skills as a trader.

If you are a new trader or have several years of experience and would like to be mentored by Mr. Wilkinson, you can join him for his online classes and webinars by going to ProTraderStrategies.com. He can also be found on twitter @wolfmansblog for his snarky comments.

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