{"id":11859,"date":"2011-05-26T10:59:28","date_gmt":"2011-05-26T14:59:28","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=11859"},"modified":"2023-04-24T10:01:34","modified_gmt":"2023-04-24T14:01:34","slug":"what-is-your-bread-and-butter-options-trade","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/what-is-your-bread-and-butter-options-trade","title":{"rendered":"What is your “bread and butter” options trade?"},"content":{"rendered":"

Yesterday we held our second Options Tribe\u00a0 webinar on the subject of an\u00a0 SPX\u00a0 butterfly trade that I\u00a0 was involved\u00a0in developing.\u00a0 This trade has become my “bread and butter” trade\u00a0 –the approach\u00a0 that I am comfortable trading under almost all market conditions and which provides\u00a0 a stable pattern of returns.<\/p>\n

Almost every great options trader that I know\u00a0 has his or her own version of a bread and butter trade.\u00a0 What is interesting to me is how varied that trade is depending upon the personality of the trader in question.<\/p>\n

I know traders who are in love with directional credit spreads. These are usually traders who have a strong belief in their ability to predict the direction of a stock’s price over a 30-60 days period.<\/p>\n

Others are high probability condor fanatics. They love the high probability of a positive outcome and can live with the modest but usually steady\u00a0 returns.<\/p>\n

Others love calendar spreads–because of their flat deltas and the way they respond positively to rising implied volatilities in down markets.<\/p>\n

Some love double diagonals for their flexibility and mild deltas.<\/p>\n

I just happen to be a butterfly guy. I like the certainty of the expiration graph and\u00a0\u00a0 the large initial return potential \u00a0 which allows me so much flexibility to modify\u00a0 the trade without running out of income in the process of\u00a0 making multiple adjustments.<\/p>\n

The panelist on our webinar was a former mentoring student of mine–a guy I thoroughly enjoyed working with and an ardent student of the options trading game. Dave, like all of us, took some time before he began to find himself as an options trader.\u00a0 He is in the process of developing his own bread and butter trade and he’s experiencing great success with his new approach.<\/p>\n

My vision of the Options Tribe is to bring together great traders from all over the world to share their “bread and butter” trades with the other members of the community.\u00a0\u00a0 My goal is to inspire all of our members to find their own bread and butter trades and thereby find\u00a0 their own personal way to derive steady income from their options spread trading.<\/p>\n

I’d love to hear from you. What is your “bread and butter” trade? Why has it become your core trade?<\/p>\n

Seth Freudberg<\/p>\n

Director, SMB Options Training Program<\/p>\n

The SMB Options Training Program<\/a> is a program designed for novice and intermediate level options traders who are seeking an intensive training process to learn how to trade options spreads for monthly income. For more information on this program contact Seth Freudberg: sfreudberg@smbcap.com<\/a>.<\/em><\/p>\n

Risk Disclaimer<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Yesterday we held our second Options Tribe\u00a0 webinar on the subject of an\u00a0 SPX\u00a0 butterfly trade that I\u00a0 was involved\u00a0in developing.\u00a0 This trade has become my “bread and butter” trade\u00a0 –the approach\u00a0 that I am comfortable trading under almost all market conditions and which provides\u00a0 a stable pattern of returns. Almost every great options trader that I know\u00a0 has his … Read More<\/a><\/p>\n","protected":false},"author":741,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,1402,1584],"tags":[1735,1596,1598,1801],"class_list":["post-11859","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-options-education","category-seth-freudbergs-blogs","tag-options-income-trading","tag-options-mentors","tag-options-strategies","tag-options-tribe","no-post-thumbnail"],"yoast_head":"\nWhat is your "bread and butter" options trade? | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/what-is-your-bread-and-butter-options-trade\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is your "bread and butter" options trade? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Yesterday we held our second Options Tribe\u00a0 webinar on the subject of an\u00a0 SPX\u00a0 butterfly trade that I\u00a0 was involved\u00a0in developing.\u00a0 This trade has become my “bread and butter” trade\u00a0 –the approach\u00a0 that I am comfortable trading under almost all market conditions and which provides\u00a0 a stable pattern of returns. 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