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5 Students


What Will You Learn?

  • Why and when the balanced butterfly spread is used, and the different placements, strikes and choices for this versatile Option Strategy.
  • See trade examples to help you understand how to analyze a chart setup to determine the Best strikes to use for a High Probability Broken Wing Butterfly Trade.
  • Learn how modifying the placement and strikes of the Broken Wing Butterfly can allow you to take advantage of different market conditions.


  • Basic knowledge of calls, puts, credit spreads and debit spreads makes it easier to understand this course.
  • Access to a Sim or Live Trading Platform and Risk Graph Analyzer to practice your own trade setups based on examples in this course.
  • NFT Certificate
  • 12 Lessons
  • Intermediate
  • English
  • 5.0 Rating
  • +110 XP

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Course consist of total 1h 18min of content, in total.

Section 1: Basic Butterfly Spreads
Comparing Butterflies with Different Widths
OTM (Out of the Money) Butterflies
Call, Put and Iron Butterflies
Section 2: High Probability Butterfly Spreads
The Broken Wing Butterfly
Increasing Your Probability by Shifting the Trade
The High Probability Butterfly
What if I Want No Risk to the Downside?
Section 3: Trade Examples
Trade Example - AAPL
Trade Example - NFLX
Summary, Trade Management and Next Steps

About the Instructor

A Tale of Two Careers…
Steve is an ASE Certified Master Automotive Technician. He was the “go to” guy for vehicles that no one else could fix, as well as a Shop Foreman and Instructor of fellow technicians.
After 26 years specializing in Diagnosing Electrical and Electronics Systems, Steve made the move to Automotive Instructor and spent the next 10 years at a Technical School in NY. There he received a Recognition Award as Top Instructor.
Empowering students, Steve teaches in a way that lets the students realize “they can do this”, not how hard it is. He is passionate about teaching and takes pride in every light bulb he can turn on.
Steve has also been trading Stocks and Options since 1999. His passion for teaching has made him a perfect fit as an Options Coach/Mentor for three Online Trading Education Companies.
Founder and Options Coach at, Steve is available to answer your questions as well as provide One-on-One Online Personal Coaching Sessions.

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