Swing Trades Using Options

Sideways Moves: 

#2. Short Iron Butterfly

The Short Iron Butterfly profits when the price of the underlying asset move within a somewhat tight trading range. I will discuss how a Swing Trader, who may be looking to take advantage of an underlying that is just stuck. A trader will get more bang for their buck, and with less risk, most other options.

Identifying the trend is generally obvious to the success of any trade, and I touch on that in this webinar but more importantly how you can make money when you really don't have an underlying that just doesn't move very much.  You will find out how using options can limit your risk and increase the probabilities of a successful trade. Join Eric "The Wolfman" Wilkinson, former Chicago Board of Trade floor trader and 25 year professional trader, as he will show you how to spot the best time to use the Short Iron Butterfly option strategy.

About Eric "The Wolfman" Wilkinson

Eric Wilkinson is a veteran floor trader and has been trading financial futures, commodities, stocks, stock indices and options on a variety of products for over 25 years.

You may recognize Eric from CNBC and Fox Business News where he has done commentary.

http://www.protraderstrategies.com/about-us/252-2/eric-the-wolfman-wilkinson/

He has been sought out by several media outlets to debate against some of the brightest minds in the industry, where he debates on topics ranging from economics, geopolitics and market directions.

He is most notable for his comments in Rick Santelli’s “Rant Heard Around the World” where he was the first to use the phrase “moral hazard” in connection with the Feds actions surrounding the financial crises of 2008.

Mr. Wilkinson is a professional Trader and he is also an educator with ProTraderStrategies.com. He began his trading career while earning his Finance degree at Ball State University. After graduating, he moved to Chicago to work on the floor of the Chicago Board of Trade where he honed his skills as a trader.

If you are a new trader or have several years of experience and would like to be mentored by Mr. Wilkinson, you can join him for his online classes and webinars by going to ProTraderStrategies.com. He can also be found on twitter @wolfmansblog for his snarky comments.

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