The stock market had another volatile day as traders digested a host of economic data, but as the market keeps swinging back and forth, this volatility has brought about another awesome trading strategy. I go over a recent SPY trade I made, a butterfly option, and how I structured it to be FREE and not cost me any premium. It does require cash up front and there is still risk, but last time we did this, it offered a very effective insurance for the market when things were flip flopping back and forth. I go over the trade but I recommend you go back to the other video as well: https://www.youtube.com/watch?v=QADuAAMxRiY&ab_channel=TradingFraternity But the best part about this trade, is that is the exact same play just with more time. Let me know if you have any questions and don't forget about using shares in conjunction with your options trading!
THIS IS NOT A RECOMMENDATION OR FINACNIAL ADVICE I AM NOT A LICENSED FINANCIAL ADVISOR
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DISCLAIMER: These videos are for educational purposes only. Nothing in this video should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial advisor before making any financial decisions.
