Swing Trades Using Options

Sideways Moves: 

#4. The Long Put Butterfly

The Long Put Butterfly is an option strategy that profits when the stock, ETF, or Future stays within a tight trading range (Market Neutral Assumption) or migrates lower (slightly Bearish Market Assumption) to a price location the trader or investor believes to be a target. Most of the time, when trading options, we associate "Long" option strategies with the need for an outpaced move in the stock, ETF or Future in order to profit, but that is not the case with the Long Put Butterfly.  Swing Traders and investors who are looking to profit on an underlying asset that is not making you money any other way, will not want to miss when, where, and why the Long Put Butterfly is the best strategy for the given market conditions but most importantly HOW to build a Long Put Butterfly properly!

Spotting the correct market conditions is paramount to the success of the Long Put Butterfly. This is why I spend so much time on the when, where, why and how to trade the Long Put Butterfly option strategy. Join Eric "The Wolfman" Wilkinson, former Chicago Board of Trade floor trader and 25 years professional trader, as he will show you how to spot the best time to implement the Long Put Butterfly for maximum returns.

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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