Tasty-Trade recently published a video episode on trading broken-wing butterflies and unbalanced butterflies. In their episode, they recommended the following strategies for trading Broken Wing Butterflies:
- Enter into a 1x(-2)x1 Broken Wing Butterfly.
- 45 Days To Expiration (DTE)
- No Costs (zero debit) or positive credit
- Close the position at expiration
We will show how easy it is to backtest the “Broken Wing Butterfly” using the OptionStack platform. And how to select the optimal strikes that maximizes your return.
Does the “Broken Wing Butterfly” strategy work? Simply click the “Run Backtest” button below to backtest the Broken Wing Butterfly strategy.
