If you’ve been trading options using Greeks like Delta and strategies like iron condors or broken wing butterflies, there’s something critically important you should understand about where these tools came from — and what they were originally designed to do. In this breakdown, options educator John Locke explains the real history behind the Black-Scholes model, […]
options greeks
Understand Price Moves Using IV Patterns
Implied Volatility (IV) is the market’s expectation of future price movement. Understanding IV gives you an edge: it reveals when institutions are positioning, when retail is likely to panic, and when price movement is about to reverse. This post breaks down IV behavior, shows how it ties to price action, and gives practical steps you […]
How To Create A Broken Wing Butterfly Trade
A robust options strategy isn’t about chasing wins — it’s about controlling what you can lose. In this guide, based on a practical SPX walkthrough, you’ll learn how to design a broken wing butterfly with clear maximum-risk limits, entry and exit rules, adjustment triggers, Greeks management, and when volatility gives you a pricing edge. Click […]
2023 Winning Trade of the Year!
The 2023 Winning Trade of the Year is here! This broken wing butterfly spread utilizes a bear put spread and a bull put spread combined with options Greeks to create an effective strategy that demonstrates how to use options as a strategic investment. The traders made an excellent selection from our array of options trading […]
The 2022 Winning Trade of the Year!
The 2022 Winning Trade of the Year is here! This broken wing butterfly spread utilizes a bear put spread and a bull put spread combined with options Greeks to create an effective strategy that demonstrates how to use options as a strategic investment. The traders made an excellent selection from our array of options trading […]
