04.12.21: Host Danielle Shay explains why In the options market, she loves trading using directional butterflies. She uses this strategy because it has excellent risk to reward, it's a great way to be directional and the percentage gains are typically more than what you'd see with calls or spreads. During this session, Danielle breakdowns what a butterfly is, key factors you need to set one up, and go over several examples.

If you'd like to learn more, follow Danielle on Twitter @traderdanielle and check out her services at http://bit.ly/StockChartsFiveStar

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00:00 Intro
00:46 The Why: Trading Butterflies
02:03 Secret to Growing Small Accounts
02:58 Hold Their Value Better Through Volatility
04:43 Example: A Multileg Strategy
09:22 Tesla (TSLA), Out of the Money Butterfly
11:52 Using Butterflies as Directional Trades
13:40 How do You Place a Trade?
14:58 Utilize Your Options Chain
19:53 The Focus of Stacked Options
20:27 Closing Flies
22:12 The Butterfly Formula and When NOT to Use Them
24:11 Where to Find me

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DISCLAIMER
Past performance is not indicative of future results. Neither the Show Participants
nor StockCharts.com guarantee any specific outcome or profit. You should be aware of the real
risk of loss in following any strategy or investment discussed on the show.
Strategies or investments discussed may fluctuate in price or value.

Investments or strategies mentioned in this show may not be suitable for you and
you should make your own independent decision regarding them. This material
does not take into account your particular investment objectives, financial situation
or needs and is not intended as recommendations appropriate for you.

You should strongly consider seeking advice from your own investment advisor