No, this is not a video about a butterfly when it comes to an options strategy. It is about one action triggering a series of actions. Let’s just say you have a life and a full-time job. Weird, right? It’s not weird and most of us are in the same boat. You want to participate in the markets. But, if you do enter a signal, you would like to address your risk and define your reward while you are on that conference call with Karen :).

The video below will show you how you can do that on the ThinkOrSwim platform.

Grab a free day pass to one of our live signal trading rooms today>> http://bit.ly/nlonedaypass

Don’t forget to follow me on Twitter @MikeShorrCBOT

 

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.

Read Similar Articles

https://www.prospertrading.com/scott-bauer-schwab-network-072226/Scott Bauer on SMCI: Fading a 23% Pop With a Texas Hedge
July 22, 2026

Scott Bauer on SMCI: Fading a 23% Pop With a Texas Hedge

Super Micro Computer surged 23% and Scott Bauer’s instinct was to fade it. He joined Fox Business to walk through exactly how he is positioning around the move using a strategy most traders have never heard of.

Read Article
https://www.prospertrading.com/charlie-moon-tsmc-schwab-071326/Charlie Moon Trades TSMC on Schwab Network
July 14, 2026

Charlie Moon Trades TSMC on Schwab Network

Charlie Moon joined Schwab Network to break down a live options trade on TSMC, a name sitting right at a level he says will make or break the near-term trade. Here’s his setup and exactly how he’s managing risk in a volatile environment.

Read Article
https://www.prospertrading.com/scott-bauer-big-3-schwab-071326/Scott Bauer’s Big 3 on Schwab: WDC, DRAM, and VLO
July 13, 2026

Scott Bauer’s Big 3 on Schwab: WDC, DRAM, and VLO

Scott Bauer joined Schwab Network today to walk through three stocks, three charts, and three trades. From semiconductor dips to an energy rally that has him watching closely, here is what caught his attention and how he is positioning around it.

Read Article

Read Similar Articles

https://www.prospertrading.com/charlie-moon-baba-schwab-network-072126/Charlie Moon’s Alibaba (BABA) Trade on Schwab Network
July 21, 2026

Charlie Moon’s Alibaba (BABA) Trade on Schwab Network

Charlie Moon joined Schwab Network to break down a live options trade on Alibaba and share his take on what the broader market is really telling traders right now. Here’s the setup and what he’s watching.

Read Article
July 15, 2026

The Fed, Oil, and What Earnings Season Really Means

Scott Bauer joined the IBKR Podcast this week to break down what moved markets last week and what investors need to watch heading into the next stretch of earnings season. From lagging inflation data to big tech CapEx concerns, Scott did not hold back.

Read Article
July 5, 2026

The Week Ahead: Happy 250

The Dow rose more than ​1% to a record closing high on Thursday ahead of the long holiday weekend as a softer-than-expected U.S. ‌jobs report eased worries about interest rate hikes, while another sharp drop in chipmaker stocks weighed on the Nasdaq. The second half of 2026 kicked off this week much the same as […]

Read Article