We wanted to provide a simple guide that shows the basic setup and foundation of the option Butterfly.
This eBook was created by Larry Gaines, 30+ year veteran option trader and former Executive Vice President of one of the largest international oil trading companies in the world where he began his option trading journey.
The Butterfly is simple to use, yet a highly versatile option strategy that can provide your trades a major trading advantage that other strategies cannot. Trades constructed for Low Capital at Risk that can provide High Returns of 2-to-1 or even 10-to-1.
He started his career trading tanker cargoes of foreign crude oil for a leading NYSE oil company in the 1980s in their Houston and Singapore offices. Larry quickly advanced his career to become Executive Vice President of one of the largest international oil trading companies in the world where he managed their international trading for over ten years from their headquarters in Bermuda.
During his tenure, Larry traded and managed billions of dollars' worth of oil, foreign exchange and financial market derivatives and his trading group was one of the first to trade over-the-counter options on cargoes of foreign crude oil. Larry is honored to have served thousands of traders in his programs and trading club and never imagined such a fulfilling "early retirement" awaited him.
Investing and trading involve significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for educational purposes only. Terms of Service
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