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Podcast: Locke In Your Success
Episode: Quick and Dirty Trade in Only 41 Days! - The Winning Trade
Description: Follow along as John Locke shows a trade example of the Quick and Dirty Broken Wing Butterfly, a simple market neutral trading strategy designed for the Russell 2000 index. This is just one example of the many high probability options strategies that John has developed where they utilize the passage of time rather than price movement.
00:00 Trade win example
01:20 Option trading description
02:05 Parameters of this trade
03:10 Broken Wing Butterfly trading structure
03:25 Put options entered
04:20 Delta Greek monitoring
05:35 Price chart analysis
06:25 Vertical adjustment
09:30 Technicals review
10:30 P&L check
11:00 DTE exit parameter
11:30 Implied volatility relief
11:55 Profit target exceeded!
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