GLD Broken Wing Initial Entry and embedded buyback explained

Using the ETF (electronic traded fund) GLD (proxy for GOLD that trades at approximately 10% of the spot price) we are initiating a bullish biased trade into GLD using an options strategy known as a Broken Wing Butterfly.

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GLD – September Expiration – Call & Put Butterflies

We’ve been in the SEP GLD Butterflies for a while now; how do you get out of these trades? This is a very common question and I’ll do my best to provide an answer in this Live Trade Video.

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QQQQ Broken Wing – Symmetrical – May Closing Trade

Today is Friday, May 21 – Expiration Friday for May options.  In this video I will be closing the in-the-money Put side of the QQQQ trade. The Call side will be left to expire worthless, thereby keeping the credit amount that was originally collected.

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Broken Wing Trade & Adjustment Explained

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The material presented here is for educational purposes only. Owen Larson, Larson Research, Larson & Larson Enterprises, Inc., its agents, employees, contractors, partners, are to be held harmless against any civil actions as we are not acting as brokers, advisers or registered agents. Any material or contact with Owen Larson, the firm or its agents is not to be construed as investment advice. Trading involves risk. Trading stocks, options, commodities and other derivatives, such as futures, does carry risk and subjects you to losses that can potentially be greater than your original investment. Owen Larson adamantly states that nothing in this communication constitutes a solicitation, promotion, endorsement, offer or recommendation to buy or sell any investment, mutual fund, debt instrument, commodity, or security as described herein. Furthermore, we should state that no one involved in this entity has a clue as to what is going on. Owen Larson, Larson & Larson Enterprises, Inc. along with everyone else involved in this project is a complete moron and listening to us would be the least intelligent thing one could do.
That should just about cover everything and keep our attorneys happy.