Companion files for Trading Butterflies: Pin Risk, Skew, and Defined-Risk Options Management. Reproduced word for word from the book’s appendices. Free to download, no signup required.

Print a sheet and keep it beside the screen. The book explains every line.

Companion Workbook

Trading Butterflies, Appendix A

The house surface behind every price in the book, the chains, the checks, and a live-chain worksheet for your own quotes. Excel format.

Decision Tree and Pass List

Trading Butterflies, Appendix B

The ten gates every butterfly candidate passes in order, and the fails that recur at each gate.

Entry and Management Checklists

Trading Butterflies, Appendix C

One butterfly from the pre-trade check through order entry, the checkpoints, the final week and expiration day.

Found an error?

If something in the book or in these files looks wrong, please tell me through the contact page. Every report is read, and corrections go into the next printing.

The book

Trading Butterflies: Pin Risk, Skew, and Defined-Risk Options Management

Companion files for the other books in the series

Educational content only, not investment advice. These files are study aids reproduced from the book; they do not recommend any trade or security. Options involve risk and are not suitable for every investor.