Aeromir – Butterfly and Condor Workshop

What do Butterflies and Condors constitute? Option trading strategies that enjoy popularity encompass Butterflies and Condors.

Trading butterfly and condor spreads can occur in myriad ways, adjusting factors like days-to-expiration (DTE), directional or non-directional nature, aggressiveness or conservatism, and more. Some may expire on the same day (0 DTE), while others might have expiration dates ranging from a few days to several weeks or even longer.

Which strategies received coverage during the workshop? The primary strategies delved into during the workshop include:

1. Narrow Iron Condor: Dan Harvey devised a trade known as the Narrow Iron Condor, amalgamating an Iron Butterfly and an Iron Condor, executed as a 0 DTE trade. This highly flexible trade, subject to Dan’s ongoing adjustments, boasts a current win rate of 78%, making it his preferred trade.
2. Newton’s Cradle: Scot Ruble, from stratagemtrade.com, imparts knowledge about “Newton’s Cradle,” a method for mitigating risk and hedging other positions.
3. Short Butterfly: Scot Ruble will instruct on trading a short butterfly, converting existing trades to short butterflies or initiating new short butterflies. This strategy is applicable across various time frames, even within the last few minutes of each trading session.
4. The Long Term Butterflies: Amy Meissner shares techniques and insights into trading longer-term butterflies like the A14.
5. The Long Term Condors: Amy Meissner imparts techniques and ideas for trading condors, encompassing various types over the years, including the Nested Iron Condor and Asymmetric Iron Condor.
6. The Breakeven Iron Condor: John Einar Sandvand presents his 0 DTE iron condor strategy, boasting an annual yield exceeding 70% over 16 months of trading. Tom Nunamaker demonstrates an easy method to implement these trades on thinkorswim.
7. The Multiple Entry Iron Condor: Tammy Chambless details her 0 DTE iron condor strategy.
8. Introduction to Butterflies: Wayne Klump introduces the Butterfly Spread.
9. How to Quantify a Good and Bad Environment: Wayne Klump instructs on quantifying favorable and unfavorable environments and potential adaptations to compensate.
10. The Rhino Trade: Bruno Voisin introduces the Rhino Trade, sharing insights from trading it in substantial size for a family office in Spain.
11. The Bearish Butterfly: Ricardo Sáenz de Heredia Murray covers the Bearish Butterfly, not just as a bearish strategy but also as a dynamic, cost-efficient hedge for investments and portfolios, offering a potentially more economical alternative to conventional strategies. Ricardo, who runs optionelements.es, oversees the largest Spanish-speaking options trading website.

More courses from this author: Aeromir