Sasha Evdakov - Options Mastery #6 - Butterfly Spreads

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Sasha Evdakov - Options Mastery #6 - Butterfly Spreads

Sasha Evdakov - Options Mastery #6 - Butterfly Spreads

Course Overview

Options Mastery #6 - Butterfly Spreads is a complete training path for mastering butterfly spreads in real market conditions. You will learn delta neutral income methods, event based tactics around earnings, broken wing and iron butterfly variations, risk management, and portfolio integration for SPX and single names. The step by step lessons focus on practical construction, disciplined adjustments, and clear rules so you can deploy non directional strategies with defined risk and consistent process.

Expert-Led Instruction

✨ Taught by Sasha Evdakov, a seasoned trading educator who connects strategy design with execution discipline.

✨ Training emphasizes practical trade planning, risk structuring, and rule based routines you can follow session after session.

✨ Learn how to select underlyings, size positions, and adapt butterflies across different volatility regimes.

Key Concepts You Will Learn

✅ Butterfly construction: long, iron, balanced, and broken wing

✅ Greeks in practice: delta, gamma, theta, vega for butterfly behavior

✅ Delta neutral setup techniques and targeted directional variants

✅ Adjustment playbook: shifts, rolls, overlays, and time based actions

✅ Earnings and event tactics with defined risk

✅ Portfolio level integration and capital allocation

What You Will Get Inside

✔️ 16 part video program with 60 plus lessons and real trade walk throughs

✔️ Clear rules for entries, risk limits, scaling, and exits

✔️ Templates for planning butterflies in high or low volatility

✔️ Income frameworks for indexes and large caps

✔️ Event play setups for earnings and news catalysts

✔️ Lifetime access so you can revisit and refine your edge

Course Outline

➡️ Introduction to Butterfly Spreads: how they work, why professionals use them, and the role of time decay

➡️ Butterfly Trading as a Business: portfolio fit, cross position risk, sample 50k approach

➡️ Butterfly Basics: calls versus puts, iron butterflies, wing width, and variations

➡️ Butterfly Greeks: delta, gamma, theta, vega dynamics over time and impact on P and L

➡️ Setup Techniques: delta neutral designs, event driven ideas, when butterflies beat verticals

➡️ Trade Planning: ticker selection, adapting to high or low VIX, short and long duration layouts

➡️ Adjusting Butterflies: timing, creative methods, and managing overlapping spreads

➡️ Income and Balanced Strategies: balanced butterflies and hybrid condors for steady returns

➡️ Earnings Based Butterflies: approaches for names like BYND, SNAP, MNST with vega control

➡️ Creative Butterfly Diagonal Mixes: chameleon butterfly and broken wing hybrids

➡️ Broken Wing Butterflies: longer term risk defined positioning including MSFT examples

➡️ Long Term Investment Butterflies: OTM ideas on SBUX and SQ, double butterflies for monthly goals

➡️ Double Butterfly Strategies: implementations on AAPL, SPOT, and CAT

➡️ Super Nova Weekly Butterfly: short duration speculative setup for volatility crush

➡️ Drag Racer Weekly Butterfly: faster directional variant with examples on SHOP and TSLA

➡️ Final Overview: selecting the right butterfly type and building a durable process

What Students Are Saying

☑️ "The adjustment section finally made weekly butterflies manageable for me."

☑️ "Clear rules and examples helped me stop guessing entries and exits."

☑️ "I now have a repeatable income approach for SPX with defined risk."

Proven Results

✴️ A learner replaced inconsistent directional trades with balanced butterflies and reported steadier weekly outcomes.

✴️ Another trader used double butterflies around earnings to cap risk while expanding profit range.

✴️ An index focused student applied the capital plan to scale SPX butterflies without outsized drawdowns.

Your Path to Consistent Trading

❗ Trade defined risk structures that keep emotions in check.

❗ Use a simple plan to adapt across volatility regimes.

❗ Turn butterfly knowledge into a reliable, rules based process.

❗ Build confidence with clear adjustments and measurable metrics.

Frequently Asked Questions

❓ Who should take this course?

✔️ Intermediate to advanced options traders who want a complete butterfly framework for income, events, and portfolio use.

❓ Do I need experience trading spreads?

✔️ Basic options knowledge helps. The course teaches butterfly mechanics, planning, and adjustments step by step.

❓ Does the training cover broken wing and iron butterflies?

✔️ Yes, you will learn standard, iron, balanced, and broken wing variations plus creative hybrids.

❓ Can this work for weekly trading?

✔️ The Super Nova and Drag Racer approaches illustrate short duration tactics with clear risk limits.

❓ Is there lifetime access?

✔️ Yes, you can revisit the lessons and refine your playbook any time.

Explore Related Learning Paths

• Dan Sheridan - SPX 35 to 40 Day Delta Neutral Unbalanced Butterfly A focused SPX program on delta neutral unbalanced butterflies for steady index income and risk control.
• Random Walk Trading - Broken Wing Butterfly Learn broken wing structures to widen profit zones while maintaining defined downside exposure.
• Dan Sheridan - The Mango Butterfly A signature butterfly variation with practical entries, management tactics, and adjustments.