Backspreads, Diagonals and Butterflies Advanced Strategies
- Finance & Accounting
- Nov 26, 2024

Backspreads, Diagonals and Butterflies – Advanced Strategies, available at $44.99, has an average rating of 4.7, with 11 lectures, 1 quizzes, based on 132 reviews, and has 1595 subscribers.
You will learn about Learn about three advanced strategies – Backspreads, Diagonals and Butterfly spreads Learn how the Backspread can be constructed in very creative ways Why the Backspread can be a monthly income strategy and a Volatility strategy at the same time What are the differences between a Calendar spread and a Diagonal Why the Diagonal spread is considered an exotic strategy Learn about the very exciting Butterfly spread What are the best times to trade a Butterfly spread What are the specific applications of a Butterfly spread that can make it a very powerful weapon in your arsenal, especially if you have losing trades This course is ideal for individuals who are Options traders with all the basic knowledge and want to expand their knowledge of more advanced strategies It is particularly useful for Options traders with all the basic knowledge and want to expand their knowledge of more advanced strategies.
Enroll now: Backspreads, Diagonals and Butterflies – Advanced Strategies
Summary
Title: Backspreads, Diagonals and Butterflies – Advanced Strategies
Price: $44.99
Average Rating: 4.7
Number of Lectures: 11
Number of Quizzes: 1
Number of Published Lectures: 11
Number of Published Quizzes: 1
Number of Curriculum Items: 12
Number of Published Curriculum Objects: 12
Original Price: $29.99
Quality Status: approved
Status: Live
What You Will Learn
Who Should Attend
Target Audiences
THIS OPTION SPREADS COURSE COVERS THREE (3) ADVANCED OPTIONS STRATEGIES – BACKSPREADS, DIAGONALS AND BUTTERFLY SPREADS
SECTION I – BACKSPREADS AND RATIO SPREADS
Back Spread and Ratio? Spreads involve putting on an unbalanced amount of Long and Short Options. If? we have more Long Options than Short, the position is called a Back Spread and? if we have more Short Options than Long, the position is called a Ratio Spread.? In a Ratio spread, you have unlimited losses on one side because you have more? Short Options. The Back Spread can be? constructed in many creative ways, and we show you how you can manage different? strike prices as well as different ratios of Long and Short Options to? construct an optimal Back Option Spreads. We don’t recommend Ratio spreads as they have an unlimited? loss potential.
What you will master
What is the philosophy of Back spreads and Ratio spreads
Different creative possibilities with the Back spread
How should we look at the Greeks in a Back Spread
Importance of understanding the “Valley of death”
How should we avoid the valley of death
Why is this a Volatility strategy
Why do we not recommend a Ratio spread
Why is the back Spread a great trade for the busy professional
SECTION II – DIAGONALS AND DOUBLE DIAGONALS?
The Diagonal is a variation of the Calendar time spread, and it tends to reduce the Vega exposure of a Calendar spread. Due to this fact, it also has a Delta bias when the trade is put on. It is important that you understand and become a master at trading Calendar spreads before you try a Diagonal spread. Although the Diagonal has very similar characteristics as a Calendar spread, the Diagonal is a complex variation of the Calendar spread. Just like in Calendars, the easiest adjustment to a Diagonal spread is to convert it into a Double Diagonal on the losing side, and the course covers this adjustment in detail. You will also benefit from a higher Theta decay than in regular Calendars, however the compromise you make is that the risk exposure in higher than a Calendar, and you also have a Delta bias.
What you will master
What are Diagonals and how do they differ from Calendars
Why are they difficult to adjust
What are the normal adjustments for a Diagonal
How the double diagonal increases your profit zone and your max profit area
Why does Diagonals have better Theta decay than Calendars
Why do Diagonals reduce the impact of Vega
Why is there a higher risk in Diagonals than Calendars
SECTION III – BUTTERFLY SPREADS
The Butterfly is a low? risk, high reward, and low probability strategy. The Butterfly involves 3? different Options including Long and Short options, so it can be a bit? difficult to manage once its put on. But the Butterfly can produce great? results if it works, and in many cases the cost of the Butterfly is minimal,? and if you’re lucky, you may even receive a credit for the Butterfly. Both? these trades are generally put on by hardcore Options traders. The Butterfly? trade should not be your regular “bread and butter” trade in the? sense that you can’t rinse and repeat this strategy all the time for consistent? monthly income. But the Butterfly can be an excellent strategy in very specific? circumstances – like protecting the losing side of an Iron condor or a credit? spread. Another great application for the Butterfly is during an earnings? report. Both of these specific applications are covered in detail in this? course of Advanced Options Strategies.
What you will master
Why is the Butterfly a low risk, high reward strategy
What is the probability of the Butterfly producing fantastic results
How do we adjust Butterflies
Why the Butterfly is a speculative strategy
Why is the Butterfly not a “bread and butter” trade
What are the specific instances where a Butterfly can work
When does the Butterfly generate its maximum profits
How can use Butterfly trades as a hedge to protect our monthly income strategies
Course Curriculum
Chapter 1: INTRODUCTION TO BACKSPREADS AND RATIO SPREADS
Lecture 1: Discussion of the Backspread
Lecture 2: Demonstration of the Backspread
Lecture 3: Discussion of the RATIO SPREADS strategy
Chapter 2: DIAGONALS AND DOUBLE DIAGONALS
Lecture 1: Discussion on the Diagonal spread
Lecture 2: Demonstration of the Diagonal trade
Lecture 3: Demonstration of the Diagonal spread using Chipotle Mexican Grill (CMG)
Chapter 3: BUTTERFLY SPREAD
Lecture 1: Discussion of the Butterfly spread
Lecture 2: Demonstration of the Butterfly spread
Lecture 3: Specific application of a Butterfly
Lecture 4: CONCLUSION
Lecture 5: BONUS LECTURE – DONT MISS !!
Instructors

Hari Swaminathan
Options Mentor, Financial markets educator, Trader, Investor
Rating Distribution
Frequently Asked Questions
How long do I have access to the course materials?
You can view and review the lecture materials indefinitely, like an on-demand channel.
Can I take my courses with me wherever I go?
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!
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