The X4 Options Trading System is made up of THREE different Broken Wing Butterfly trading strategies. It is taught in multiple phases, starting with beginners, then moving to intermediate lessons and finally advanced to include combining strategies.
This entire comprehensive trader training system will have:
- The THREE X4 trade guidelines and how to use them to profit in any market environment
- Over 20 hours of instruction and examples
- Access to hundreds of informational slides
*Please see the prerequisites for the X4 Trading System listed at the bottom of this page.
This strategy has been backtested with results since 2011…
This trading system contains:
Phase 1 – Class 1 – Overview and X4v14 Trade Guidelines
- Purpose of the X4 Options Trading System
- Description of the beginner, intermediate, and advanced teachings
- X4 base structure
- OptionNetExplorer settings
- Review of back tested performance from 2011 to May 2016
- X4 risk parameters and entry guidelines
- Upside, downside adjustments, and exit criteria
Phase 1 – Class 2 – Examples and clarifications with a live trade review
- Back test results presented
- Analytical software discussions
- Examples of the X4 trade
- Put protection
- How to determine a “high” or “low” value day
- Review of live X4 trades
Phase 1 – Class 3 – X4v22 class example Jan 2015
- Intermediate level trade X4v22 description
- Back tested performance results
- Risk parameters & entry guidelines
- Downside and upside adjustment triggers
- Strategy Comparisons
Phase 1 – Class 4 – X4v22 Detailed Guidelines and Examples
- Base structure, risk parameters & entry guidelines
- Trade entry
- Upside adjustments & put protection
- Trade examples
- Trade debrief, viability testing, & pricing
- Back testing
Phase 1 – Class 5 – X4v22 Back Test Examples
- Trade entry & entry tips
- Rolling the position
- Upside & downside adjustments
- Trade exits
Phase 1 – Class 6 – X4v17 Trade Guidelines and Examples
- Trade description
- Back tested performance
- Entry guidelines
- Upside & downside adjustments
- Exit triggers
- 10 step process for becoming a great trader
Phase 2 – Class 1 – Overview, Why Income Trading Works, What Drives Options Prices
- Technical & volatility analysis
- Adding subjectivity
- Implied volatility & the Greeks
- Professional traders & emotions
Phase 2 – Class 2 – Understanding What Drives Options Prices
- Implied volatility & skew curves
- Extrinsic value
- The “Brexit Story”
- Implied volatility analysis
- Horizontal skews
Phase 2 – Class 3 – Technical Analysis for Income Traders
- Market structure
- Chart basics
- Support & resistance
- Trend
- Price patterns
Phase 2 – Class 4 –Technical Analysis for Income Traders (continued)
- Review 15 different price pattern configurations
- Examples of charts for different terms
- Candlesticks
Phase 3 – Class 1 – X4 strategy comparisons and alternative BWB entry and adjustment metrics
- Four things you need to know about adding subjectivity
- Strength and weaknesses of the X4 strategies
- Characteristics of the X4 strategies
- Adjustments and dealing with downside moves
Phase 3 – Class 2 – Alternating trade strategies and/or adapting positions based on what we have learned about technical analysis, IV analysis, and modeling deficiencies
- Reading the market
- Planning the trade
- Switching between the three X4 strategies
Phase 3 – Class 3 – Trade execution and market timing for entries, exits, and adjustments
- Mid-Price discussion and exercise
- What to use to determine value
- Trade execution and exercise
- Market timing
Phase 3 – Class 4 – Hedging and Alternative Hedging Structures
- Preparing for worst case scenarios
- Benefits and risks of hedging
- Complex hedges
- Pluses and minuses of OTM puts and straight ratios
- Diagonal ratios and exotic combos
Phase 4 – Class 1 – Clean up, Expectations, and Analytical Software
- Amendments to X4v17 trade rules
- Hedging discussion
- Trading expectations
- Fuzzy math spreadsheet
- Consistent planned capital level
- OptionVue settings & differences
Phase 4 – Class 2 – Swapping within the strategies based on market opinion and/or other factors
- Trade all THREE X4 trades at one time
- Switching between the strategies
- Conditions to avoid
- Identifying market conditions for X4 trade
Phase 4 – Class 3 – Making Better Trading Decisions and Not Overlapping Trades
- Making better trading decisions
- Trade plan alterations
- Review of unfavorable environments
- Transitioning between X4 trades
- Examples
Phase 4 – Class 4 – Wrapping Up
- Procedural changes for smaller account size
- Small position examples
- Procedures for success
BONUS VIDEO: How To Manage An X4V22 In Volatile Environments
This Entire Comprehensive Training System will have:
- The THREE X4 trade guidelines and how to use them to profit in any market environment
- With over 20 hours of instruction and examples
- Access to hundreds of informational slides
X4 Trading System $2,995
The recommended prerequisites for the X4 Trading System are:
Unbalanced Butterfly 1 & 2, Broken Wing Butterfly Master Track Series, and experience with live trading and execution
OR
M3 trading strategy 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
Trade results since 2017 for this trading strategy are accessible by the PRO and GO members who can review the Options Trading for Income by the Guidelines session recordings and research the available trade logs to fully understand the context of the results.
For examples of this trading strategy in action, please view The Winning Trade episodes below:
Episode 61 – X4V14 Trading Strategy
Returns of this trade: This trade earned approximately 9.32% profit on planned capital in 63 days.*
Episode 60 – X4V17 Trading Strategy
Returns of this trade: This trade earned about $2,475 profit or approximately 7.1% of planned capital.*
Episode 53 – X4V14 Trading Strategy
Returns of these trades: The returns of the completed trades were approximately $1,933 profit or about 8.6% and $2,490 or 11.1% planned capital!
Episode 52 – X4V17 Trading Strategy
Returns of this trade: The three trades that are reviewed earned approximately $5,800 profit or about 16.6%, $1,000 or 2.8%, and $3,760 or 10.6% planned capital!
Episode 46 – X4V14 Trading Strategy
Returns of this trade: These trades earned about $2,100 profit and $2,300 for the two months shown or an average of about 9.75%* of the planned capital.
Episode 40 – X4V17 Trading Strategy
Returns of these trades: This trade earned about $3,500 profit or 10% for September expiration and approximately $3,800 for October expiration or 11% of planned capital.*
Episode 33 – X4V14 Trading Strategy
Returns of this trade: This trade earned about $2,626 profit for June and $2,666 for July both average about 11.7%* of the planned capital.
Episode 30 – X4V22 Trading Strategy
Returns of this trade: This trade earned about 21% of planned capital in 47 days.*
Episode 24 – X4V14 Trading Strategy
Returns of this trade: This trade earned about $2,642 or 11.7% of planned capital in 32 days.
Episode 22 – X4V17 Trading Strategy
Returns of this trade: This trade earned about $1,540 profit or about 4.5% of our planned capital.*
Episode 18 – X4V14 Trading Strategy
Returns of this trade: This trade earned a profit of $2,543 on $22,500 planned capital for a return of approximately 11.2% in less than 60-days.*
Episode 16 – X4V22 Trading Strategy
Returns of this trade: This trade earned about $7,951 profit or about 23% of the planned capital.*
Episode 12 – X4V22 Trading Strategy
Returns of this trade: This trade earned about $3,500 profit or about 10% of the planned capital.*
Episode 8 – X4V14 Trading Strategy
Returns of this trade: This trade earned a profit of $2,586 on $22,500 planned capital for a return of approximately 11.4% in less than 60-days.*
Episode 1 – X4V17 Trading Strategy
Returns of this trade: This trade earned $3,855 on $35,000 planned capital for an 11% profit in 60-days.*
*The percentage returns shown above are the result of the real-time, hypothetical trades as tracked in the Options Trading for Income by the Guidelines weekly webinars or the results of backtesting. Trades are real-time simulated trades or have been backtested. Simulated trades and backtested trades are believed to be represented as accurately as possible, however, live results may have been different. These recordings and results are shared as an example for educational purposes ONLY, it does not imply that the information stated is accurate nor that it is possible.
