Everyday Trader

Monday - Friday | 1:20 - 1:40p CT

Broken Wing Butterfly Opportunities

Everyday Trader

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

Mike & Nick discuss the broken wing butterfly, and explain why they both like to use it as a hedge against current positions in their account. Mike hedges his BIDU iron fly with an OTM call broken wing butterfly, and explains his rationale behind doing so.

Tune in for a nice discussion!

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