A hands-on live-trading segment where Mike Butler and Jermal Chandler walk a super bear and, more usefully, how to adjust a butterfly to squeeze far more out of it. Into a big rally, Mike shows how shifting one leg of an end-of-October butterfly up toward his short strikes adds about 2,500 dollars of max profit potential for only about 165 to 170 dollars of extra risk, and it makes the position far more sensitive if the market washes out next week.
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Chapters
00:00 Widening a super bear for a credit
00:26 Why he uses different strikes
00:45 An Nvidia calendar and long exposure
01:08 Adding to the WDC butterfly
01:38 Close one, keep the other for free
01:58 Building a super bear for the week
02:30 Go wider to crank max profit
03:00 Markets all over ...