SMB Training - John Locke - The Bearish Butterfly Option Strategy

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SMB Training - John Locke - The Bearish Butterfly Option Strategy

Course Overview

The Bearish Butterfly option strategy from John Locke and SMB Training is a rules-based, market-neutral income approach designed for SPX and RUT index options. This comprehensive trading course shows you how to apply a staged adjustment plan, manage risk with precision, and generate consistent monthly income without relying on directional forecasts. By focusing on structure, context, and disciplined execution, the Bearish Butterfly option strategy helps traders navigate rising and sideways markets with confidence.

You will learn strike selection, entry criteria, capital allocation, risk controls, and exit tactics within a repeatable framework. The program blends non directional trading, butterfly spread construction, volatility awareness, and professional grade trade tracking so you can operate with clarity across changing market conditions.

Instructor Highlights

✅ Led by John Locke, a respected options strategist known for professional income systems that emphasize structure, adaptability, and logic.

✅ Presented on the SMB Training platform to deliver clear rules, practical adjustments, and trader discipline that work in real markets.

✅ Learn expert techniques for staged adjustments, risk sizing, and decision making that elevate your options income process.

Strategic Takeaways

✔️ Core Bearish Butterfly construction: expiration cycle selection, strike placement, and capital allocation.

✔️ Entry filters: technical and volatility context to identify optimal timing.

✔️ Adjustment logic: staged rolls and risk rebalancing that thrive in rising markets.

✔️ Risk management: sizing, scaling, and exposure control for SPX and RUT.

✔️ Exit frameworks: profit targets, drawdown thresholds, and decision checkpoints.

✔️ Trade tracking: weekly management routines and full-cycle planning.

What Makes It Special

☑️ Monthly income focus with a non directional, market-neutral design.

☑️ Performs robustly in trending markets, including strong uptrends.

☑️ Clear, repeatable rules reduce emotion and guesswork.

☑️ Minimal day-to-day management suitable for part-time traders.

☑️ Scalable approach for different account sizes and goals.

Skill Development Path

➡️ Overview of the Bearish Butterfly and its role in income trading.

➡️ Selecting expirations, choosing strikes, and allocating capital.

➡️ Entry criteria aligned with technical and volatility conditions.

➡️ Staged adjustment plan for trending and rising markets.

➡️ Managing delta, theta, and vega through structured rules.

➡️ Profit taking, drawdown limits, and exit decision maps.

➡️ Weekly and monthly tracking routines for the full cycle.

➡️ Real trade examples using ThinkOrSwim and OptionVue.

Student Results

✨ "The staged adjustment plan gave me confidence to handle rallies without panic."

✨ "I finally have a monthly income process that doesn't depend on guessing direction."

✨ "Clear rules, excellent risk control, and practical examples I could apply immediately."

Success Stories

✴️ A trader transitioned from iron condors to the Bearish Butterfly and reported steadier equity curve behavior during multi week uptrends by following the staged roll rules.

✴️ Another student used the weekly management routine to reduce screen time while maintaining consistent returns across variable volatility regimes.

Limited-Time Opportunity

❗ Access is limited to maintain a focused learning experience.

❗ Enroll now to secure lifetime access to lessons, templates, and trade walkthroughs.

❗ Start applying a disciplined Bearish Butterfly option strategy in your next trading cycle.

Support Guide

❓ What markets is this for? Primarily SPX and RUT index options with adaptable principles.

❓ Do I need to predict direction? No, the system is market neutral with rule-based adjustments.

❓ How much time does it take? Minimal daily oversight using weekly checkpoints.

❓ Is this beginner friendly? Basic spread knowledge helps; the rules and examples are clearly taught.

❓ Do I get templates? Yes, you receive tracking templates and performance guidelines.

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