IRON BUTTERFLY Live Trade - - STOCK Options DayTrading - SPX 0DTE

Hi traders!
An Iron Butterfly or Iron Fly is an options trade that uses four different contracts (2 calls and 2 puts, spread over 3 strikes) in one order to benefit from a price move in a defined range.

**Update**
The Monday after I posted this video - December 21, was my first loss in this small account. If you look at the chart for SPX on this day - when SPX broke below 3650, I cut my trade and lost $550. (I got a bad exit fill and could’ve cut if for $475 - but oh well). Anyhow - the trade actually ended up going back to green 30 minutes later and had I held it another hour I could’ve secured the $160 profit target. But rules are rules right!?
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Jim Olsen’s website: www.noworriestrader.com
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You can email me at axeoptions1@gmail.com
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Disclaimer:
I am not a financial advisor and nothing I say is meant to be a recommendation to buy or sell any financial instrument. I will never ask you to send me money or to trade on your behalf. Do not invest money you cannot afford to lose. There are no guarantees or certainties in trading or investing.

Видео IRON BUTTERFLY Live Trade - - STOCK Options DayTrading - SPX 0DTE канала Axe Options