Buying Butterfly Spreads on Webull
Webull (UP TO 12 FREE STOCKS): https://a.webull.com/KJLaoiDnnHrFKovdOg
Today we’ll be discussing butterfly spreads and how to trade them within webull. We’ll start by learning what they are, how they work, and how to manage them throughout the life of the trade
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Trading Journal (Work in progress)👇
https://traderlog.io/
TradingView (Best charts in the game)
https://www.tradingview.com/?aff_id=3...
Tastyworks (Great for options traders)
https://start.tastyworks.com/#/login?...
Webull (UP TO 12 FREE STOCKS)
https://a.webull.com/KJLaoiDnnHrFKovdOg
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A butterfly spread is composed of both a long and short vertical with the short options sharing a common strike. Rather than using it to bet on direction, a butterfly spread is intended to be far more neutral, paying off the most if the underlying stock doesn’t move at all until expiration.
Timestamps
0:00 Intro
1:02 How to add option chain
2:06 Option chain explained
4:05 Butterfly spread (example 1)
8:41 Butterfly spread (example 2)
13:15 Outro
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