Intermediate Level 2
Don’t guess the market — design the risk. Volatility is a tool. Discipline is the foundation.
We dive into one of the most popular topics among options traders in 2025 — diagonal spreads. These relatively simple structures provide a convenient way to understand the logic of combining options.
We will cover the main types of diagonal and vertical spreads — their objectives, advantages, and limitations — and then move on to the butterfly spread strategy. Through practical examples, we will show how to estimate potential P/L before entering a trade.
This course will serve as a starting point for developing your own approach to options trading — from an initial idea to a first set of trading rules.