This strategy is a Broken Wing Butterfly profile system like the M3 that is traded on the SPX. It will be taught in multiple phases, ie beginner, intermediate, advanced but with the more advanced covering condorization strategies.
Prerequisites to the X4 Track:
–M3 experience with live trading and execution OR
-Experience live trading complex options spreads in general such as Condors or butterflies AND experience reading analytical software such as OptionNetExplorer or OptionVue as well as a good understanding of options Greeks
This strategy’s backtested results since 2011…
This track is currently in being taught in LIVE sessions and registration to the LIVE sessions has closed. While the track is being taught live, only recorded classes will be available to eligible Premium PLUS members (members who have not received a track class within the past 30 days).
Class 1 – Overview and X4v14 Trade Guidelines
-Purpose of the X4 Trading Program
-Description of the beginner, intermediate, and advanced teachings
-X4 base structure
-Review of backtested performance from 2011 to May 2016
-X4 risk parameters and entry guidelines
-Upside, Downside adjustments, and exit criteria
Class 2 – Examples and clarifications with a live trade review
Class 3 – Coming up on June 14th
Complimentary access to one class every 30 days with our Premium PLUS membership*