Mike And His Whiteboard

Trading Strategy | Broken Wing Butterfly

Mike And His Whiteboard

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

The Broken Wing Butterfly (BWB) is a traditional strategy with wider credit spread, to remove risk from one side.

@doughTraderMike breaks down how this turns the risk profile into a high probability trade, and why we prefer it here at tastytrade!

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