May 5, 2020

How Does A Broken Wing Butterfly Work?

A broken wing butterfly sounds like a complicated strategy. From the outside it maybe. But if you look at what this strategy really is, it is not so complicated. Check out the video below to see what I mean.

about the author:

Mike Shorr

Since 1994, Michael has been an on-the-floor market maker, Vice-President of Interest Rate Derivatives for Knight Financial Products and Director of Education and Options Instructor at Trading Advantage. He makes the oftentimes complex world of options and trading accessible to the novice and advanced trader alike. Michael has a Bachelor of Science degree in Statistics and Finance from the University of Illinois Champaign-Urbana. He presently is Director, Trader Education at ProsperTradingAcademy.

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June 11, 2024

What Traders Need To Know About NVIDIA’s 10-for-1 Stock Split

On May 22, chipmaker company Nvidia Corp (NVDA) announced a massive 10-for-1 stock split, sending shockwaves through the trading space. The split went into effect after market hours on June 7, which is expected to have drastic implications on how Nvidia is perceived and traded. The news is causing traders to ask a lot of […]

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June 5, 2024

Short Selling vs. Put Options: What’s the Difference? ($DJT Example)

Strategies like short selling are one of the unique ways traders can potentially profit off a stock when it goes down. However, many traders believe short selling is just another way of trading options, and commonly confuse it with puts. In reality, short selling and put options are two completely different trading strategies – both […]

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May 28, 2024

Trading Options On GameStop? GME Stock Price Action Explained

The world of meme stocks is back with a vengeance, and GameStop (NYSE: GME) is once again at the forefront of this resurgence. Recent activity in GME has captured the attention of options traders, evoking memories of the storied 2021 frenzy. This piece delves into the history of meme stocks, the current data on GME […]

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May 8, 2024

What Is Delta In Options Trading?

Understanding the Delta of an option is crucial for both new and seasoned traders. It’s one of five specific calculations called “Greeks,” which help measure specific factors that could influence the price of an options contract. Delta is a metric that helps you gauge how much the value of an option contract is expected to […]

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January 4, 2024

Funder Trading Review – Best Prop Trading Firm in 2024?

If you are actively trading in the stock market in 2024, chances are you’ve heard a new buzzword flying around: Prop Trading, short for Proprietary Trading. Whether you’ve tried prop trading or not – or have even heard of it at all – its popularity is quickly growing because it provides everyday traders with a […]

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September 26, 2022

Coach’s Roundtable: FOMC Fallout & Resilient Market Sectors

Every week, the coaches at Prosper Trading Academy offer their insight on some of the most challenging questions covering recent stock market developments, trading tips, and relevant news stories. This week, Scott Bauer, Charlie Moon, and Mike Shorr give their thoughts on why certain stock market sectors are staying resilient amid the FOMC fallout, and […]

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