Options: The Butterfly

Learning Objectives In this 5 hour workshop:

 The basics of vertical spreads trading around the Dark Pool
      Iron Butterfly
 Differences between being a net buyer and a net seller of options
 Implied Volatility & what the number means
 Standard Deviation and its role in Implied Volatility
 IV Rank and why it’s more important than IV
 How the butterfly strategy is constructed
 The different types of butterflies
 How to find a target and why having a target is so important
 Ways to estimate a time to hit the target
 How The passage of time and IV affect the trade
 The risk/reward ratio – which can be very impressive
 How we can use this strategy as our new “Lottery Ticket Trade”
Bonus Topic: Earnings