Broken Wing Butterfly (BWB) in 3 Hours

Broken Wing Butterfly (BWB) in 3 Hours

Broken Wing Butterfly (BWB) in 3 Hours is a Level 2 options mini-course from Random Walk Trading that teaches you how to build and manage broken wing butterfly spreads in a focused three-hour training. In this online video class you learn how the Broken Wing Butterfly works, how it differs from a standard butterfly, and how to apply 1-3-2 style trades to structure defined-risk positions with clear profit zones.

Instead of leaving you to guess how to set strikes or manage risk, the course walks you through practical entry criteria, strike selection and risk/reward logic so you can approach this advanced options strategy with more confidence. In just a few hours of streaming video you see how to turn theory into a step-by-step process you can test and integrate into your overall options plan.

What is the Broken Wing Butterfly (BWB) in 3 Hours course about?

Broken Wing Butterfly (BWB) in 3 Hours is an intermediate options course focused entirely on the Broken Wing Butterfly strategy, sometimes called an unbalanced or skip-strike butterfly. The training shows you how to modify a classic 1-2-1 butterfly into an asymmetrical position that can often be placed for a small debit or even a net credit, while still keeping a defined maximum loss.

The course explains how to build these positions around a central short strike, how to space the wings unevenly, and how to use structures such as 1-3-2 trades to tilt risk and potential reward toward your market view. It is designed to turn the Broken Wing Butterfly from a theoretical concept into a set of rules you can apply on live markets in a disciplined way.

What will you learn?

• How a standard butterfly spread is constructed and how a Broken Wing Butterfly changes the strike spacing and risk profile.
• How to read and interpret payoff diagrams so you understand maximum profit, maximum loss and breakeven points on BWB trades.
• How to use 1-3-2 style trades and other variations to shift risk away from current price levels while keeping a defined-loss structure.
• How to choose strikes and expirations for Broken Wing Butterflies based on your directional outlook and volatility conditions.
• How to decide between debit-style and credit-style BWB setups and what each implies for risk and potential reward.
• How to define clear entry criteria so you are not guessing when to open a Broken Wing Butterfly position.
• How to plan exit rules, including taking profits near the short strike, managing trades that move away and handling expiration risk.
• How to think about position sizing and capital at risk so a single BWB does not dominate your overall portfolio.

Who is this course for?

This Broken Wing Butterfly (BWB) in 3 Hours course is designed for options traders who already understand basic calls, puts and standard spreads and now want to add a more advanced income and directional strategy to their toolkit. It is especially useful for:

• Intermediate traders who know how to place spreads and want a deeper, structured understanding of the BWB.
• Options sellers looking for ways to collect premium with clearly defined risk instead of using naked short options.
• Directional traders who want to lean bullish or bearish while still capping potential loss on one side of the trade.
• Students of Random Walk Trading who have completed more basic material and are ready for a Level 2 strategy class.

If you are serious about expanding beyond basic credit spreads and iron condors into more flexible structures, this focused BWB course gives you a concentrated path forward.

How does the Broken Wing Butterfly (BWB) in 3 Hours course work?

Broken Wing Butterfly (BWB) in 3 Hours is delivered as an online video streaming mini-course with approximately three hours of focused instruction. You receive Level 2 training that you can watch from your browser, with one-year access to the material so you can revisit key lessons and review examples as often as needed.

The instructor walks through Broken Wing Butterfly concepts on real option chains and payoff diagrams, demonstrating how to set up the trades, how the Greeks and risk change as price moves, and how to evaluate potential adjustments. Because the content is on-demand, you can pause, rewind and rewatch sections until you are comfortable with the rules and logic behind each example.

Benefits of learning the Broken Wing Butterfly strategy

• Gain a clear, rule-based understanding of a strategy that many traders only know superficially from scattered articles or forum posts.
• Learn how to design defined-risk positions that can sometimes be opened for a credit, giving you multiple ways to profit.
• Understand how to tilt risk and reward by adjusting strike spacing, so your position better reflects your directional view.
• Develop a more nuanced approach to income trading beyond simple vertical spreads or symmetric butterflies.
• Shorten your learning curve by following a structured three-hour curriculum rather than piecing together information from multiple sources.
• Build confidence in reading and managing complex spread structures, which can support more advanced options work later.

Prerequisites and important considerations

• Comfort with basic options concepts such as calls, puts, vertical spreads and standard butterflies is strongly recommended.
• Ability to use an options-capable trading platform that displays option chains and risk graphs.
• Understanding that Broken Wing Butterflies, like all options strategies, carry real market risk and can lose money.
• Willingness to start with small position sizes and to treat the course as education, not as a guarantee of profits or specific returns.

The course is educational only and is not personalized financial advice. You should always evaluate whether any strategy is appropriate for your objectives, experience and risk tolerance.

About the instructor and Random Walk Trading

Broken Wing Butterfly (BWB) in 3 Hours is part of the Random Walk Trading options education lineup, known for teaching practical, rule-based options strategies to serious students. The Level 2 designation reflects that this is an intermediate strategy class intended for traders who are committed to building a solid options foundation and applying it professionally.

Random Walk Trading presents the Broken Wing Butterfly as a focused mini-course so you can master one powerful structure in depth, rather than skimming multiple strategies at a surface level. The goal is to help you move from theory to practical, tradable rules you can test and refine in your own account.

Why buy from our online course platform?

Centralize your digital purchases in a single account, keep your history, and access them whenever you want to watch online or download. Plus, you’ll always find courses on our platform at affordable prices.

By getting Broken Wing Butterfly (BWB) in 3 Hours through our platform, you keep this Level 2 mini-course organized alongside your other trading education, making it easy to review the videos, compare strategies and build a complete options study plan.

If you want to add the Broken Wing Butterfly to your options playbook with clear rules and real examples, this focused three-hour training is a direct way to learn the essentials and start practicing with more structure and confidence.

Downloadable Course Content