Are you wondering what broken wing butterfly options are and how you can use this strategy to make a profit? The “butterfly” and the “broken wing butterfly” are defined risk spread strategies, having limited risk and where the maximum potential loss is known before entering the trade. The butterfly, however, has a low probability of success. Making an adjustment to the structure changes the trade into one that has a high probability of success, called a broken wing butterfly. To view this script in print: https://fivebagsofgold.com/understanding-broken-wing-butterfly-options-trading/ Looking to invest in the stock market? 💰 Join Coinbase and receive a free Bitcoin: https://www.coinbase.com/join/51PE7H 💰 Join Robinhood and receive a free stock: https://join.robinhood.com/dank484 💰Join Webull and receive free stocks: https://www.webull.com/activity?inviteCode=HL9f2DDWxJxd 💰Get Dan's book “Trading Vertical Option Spreads on Robinhood”: https://amzn.to/3fEe00I 💰Our line of stock trading and financial workbooks/log books: https://www.amazon.com/~/e/B0929H5L4K 💰Our Website Five Bags of Gold: https://fivebagsofgold.com/ Come join our Facebook Community: https://www.facebook.com/fivebagsofgold/ Disclaimer: Some of our videos and descriptions have referral or affiliate links. We never promote anything we don't 100% believe in. Additionally, using these links comes at no additional cost to you, but helps to support our channel so that we can continue to produce content to help you win with money. Disclaimer: All of our videos and descriptions are for entertainment purposes only. Please seek professional advice before acting on any of the information presented on our channel.