Trading Directional Butterflies

Earnings Strategy

In this Trade Review video, I cover my 100% winner which was a directional butterfly in Amazon. I traded this ticker due to a combination of a technical plus fundamental setup, where I had a solid entry with an edge.

In the video, I explain how I used the options chain combined with a technical setup to construct the trade, and how and why I decided to close it out.

This is one of my favorite trading setups which I apply all the time using butterflies! Check out the video to learn more.

P.S. On May 21st at 3:30PM CT, John Carter is going to be giving his Big Picture Outlook with Tom Sosnoff. They’ll discuss the macro environment and how it impacts their trading decisions. Join in on this exclusive member webinar in the Simpler Central room. Click on the link to learn more.

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