2 Butterfly Option Trades

Butterfly Option Spread Trading

This is a video of myself looking for some option trades using one of my real money accounts. These trades are for example only and I may exit or change them at any time without telling anyone.

This is a sample of the types of videos that are produced for Option Genius members which anyone can join from our homepage.

If you have any questions, please feel free to leave your comments below and be sure to check out the awesome goodies in our blog section for insightful options trading strategies.


  1. richard Slater on November 15, 2011 at 2:26 pm

    I’m going try these paper trading and c. I would like to do these trades better

  2. S.J.J. on November 15, 2011 at 2:26 pm

    Seems your doing well, continued good luck.
    As you know, at one time I was a member, but I’ve always been a “do it myself type of person”. If I can’t handle the situation I get out or realize I shouldn’t be doing what I’m doing int eh first place. Actually, listening to
    you email, it even sounds like you enjoy what your doing.
    Wish I had the smarts. As I said, continued good luck.

  3. Ken on November 15, 2011 at 2:57 pm

    I would like nothing better than to put on some butterfly options, but only if they are European style ones, not the American, as they can get called away. That’s what I’ve been told anyway.


    • Genius on November 16, 2011 at 11:36 am

      Never had a problem getting called. But it is not as big as a problem as you think.

  4. Robert on November 15, 2011 at 3:23 pm

    I like just to learn more on puts and calls
    butterfly iron condors never sink in im a
    slow learner ,i like kiss!

    • Genius on November 16, 2011 at 11:36 am

      You should check out our PaperTrading Workbook in the members area. It walks you through all the different options trades starting with a simple call and put. Once you understand the basics they all make sense.

  5. Linda on November 15, 2011 at 4:56 pm

    Do you also have video for membership trades?

    • Genius on November 16, 2011 at 11:35 am

      Not today. The members videos are posted in the members area.

  6. scott on November 15, 2011 at 8:34 pm

    where can i contact you via email. watched the two JnJ trade, and intereted in your educaton options and service.

  7. Michael on November 15, 2011 at 10:38 pm

    You made a comment in your trade that a butterfly is a better trade than a condor. Please explain. thanks

    • Genius on November 16, 2011 at 11:33 am

      Depends on the situation. In this case, i liked the butterfly better because the trading range fit inside the butterfly breakevens and a butterfly generally makes a profit faster than a condor does since the sold options are at the money. That would allow me to get out of the trader faster.

  8. Norm Spaulding on November 15, 2011 at 10:46 pm

    Where can I find info explaining how to determine when to use iron condors, calendar spreads and butterflies? I assume this decision is affected by current and past volatility (VIX)and the stock trend but I can’t seem to put it all together.

    Thanks for your help,


  9. Norm on November 16, 2011 at 11:48 am

    Please explain when to use put vs call ATM calendars assuming the underlying is not expected to move up or down.

    • Genius on November 16, 2011 at 12:07 pm

      There really is no difference in the trade. There might be a difference in price. Put flys sometimes cost more debit. But you can use either one.
      I like to do Call flys when I am bullish on a stock, and so if the stock drops I can add a put fly as an adjustment. You could just as easily add a call fly as the adjustment but having puts and calls makes it somewhat easier to keep track of.

  10. Duane Baron on November 16, 2011 at 12:48 pm

    Would like to paper trade your system, but don’t want to get my credit card in the system, till I understand the system. Is this possible.

    • Genius on November 16, 2011 at 1:47 pm

      So you want access to my trades and service but dont want to pay for it? No that is not possible.

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