Removing Risk From Iron Fly Trades Using This Automation In Option Alpha!

This bot automation can hopefully help reduce the number of losing trades on iron fly spreads. After the iron fly trade moves into profit, the stop loss is automatically updated to break even.

Here's a link to join Option Alpha:
https://optionalpha.grsm.io/trading5talents

Here's a link to the bot described in this video:
https://app.optionalpha.com/community/all/post/daily-iron-fly-bot-trading-5-talents

Subscribe to Trading 5 Talents to learn how I use options trading, specifically option selling strategies to boost my monthly budget.

LINKS
Subscribe: https://bit.ly/T5TSubscribe
Twitter (@trading5talents): https://twitter.com/trading5talents
Patreon: https://www.patreon.com/trading5talents
Trade 5 App: https://bit.ly/Trade5App
Robinhood (Affiliate Link): https://join.robinhood.com/santial2
OptionStrat.com (Affiliate Link): https://optionstrat.com/trading5talents
Option Alpha (Affiliate Link): https://optionalpha.grsm.io/trading5talents
Premium Trade Log: https://www.etsy.com/shop/Trading5Talents

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WHAT IS THE IRON FLY STRATEGY?
The Iron Fly Options Trading Strategy is an options selling strategy that can generate consistent, weekly income. It does so by opening a 10-strike wide iron fly (iron butterfly) spread on SPY every trading day for a large credit of approximately $600. It benefits from theta, or time decay, and the trader exit when a specific profit target is reached. To learn more about this options selling strategy and how I automate the passive income generator, check out the videos below.

OPTIONS BASICS!
Options 101: What Are Options? - https://youtu.be/kxqQfx7fWqw
Options 101: Options Greeks - https://youtu.be/W0dHt4h0zY4
Options 101: In the Money or Out of the Money? - https://youtu.be/aXGSHniI9ow

NEW TO THE IRON FLY STRATEGY?
Iron Fly Overview - https://youtu.be/NAcqUYqTPGY
Building The Iron Fly Bot - https://youtu.be/NMXcTkpOtaw
Using Option Alpha - https://youtu.be/02S5cStAbB0
Link to Option Alpha - https://optionalpha.grsm.io/trading5talents

FREE TRADE LOG FOR OPTIONS TRADERS
Video Tutorial - https://youtu.be/Wxu6ySHqqW4
Download Link (Google Sheets) - https://bit.ly/T5TTradeLog
* Click on "File" then "Make a copy"

DISCLAIMER
I am not a financial advisor and this is not financial advice. This content is only for educational and entertainment purposes only. Any trades you see here are either past trades I’ve made or an example trade. Please don’t follow any trades you may find in these videos.

#OptionAlpha #ironfly #automatedtrading #optionstrading #options #passiveincome #optionselling #Options #Stocks #StockMarket