Sep 10, 2026 · 44 min · 20 segments
The iron butterfly is getting a 0DTE makeover. On this episode of Options Boot Camp, Mark Longo is joined by Dan Passarelli and John Kmiecik from Market Taker Mentoring for a deep dive into the…
John KmiecikGuest
Dan PassarelliHostAnd as I mentioned at the top, and if you listened to last week's episode, you heard us talk about it as well.
In fact, this is something Dan and I have toyed with doing on the show for a while now, which is taking a lot of the traditional trading option strategies that we've explored in depth here, pick your poison, covered call, straddles, strangles, or in today's example, butterflies, and exploring their use cases in the modern trading environment, aka the zero DTE environment.
Before I get into the basics of flies to refresh people and we get into some of the other fun, let's start really quickly.
Maybe, John, because Dan threw you under the bus and said you're the guy who forced him to do this stuff.
What was it that attracted you to zero DTE butterflies? Why are they the hot, sexy new thing that all the kids are fired up about?
And as I mentioned at the top, and if you listened to last week's episode, you heard us talk about it as well.
In fact, this is something Dan and I have toyed with doing on the show for a while now, which is taking a lot of the traditional trading option strategies that we've explored in depth here, pick your poison, covered call, straddles, strangles, or in today's example, butterflies, and exploring their use cases in the modern trading environment, aka the zero DTE environment.
Before I get into the basics of flies to refresh people and we get into some of the other fun, let's start really quickly.
Maybe, John, because Dan threw you under the bus and said you're the guy who forced him to do this stuff.
What was it that attracted you to zero DTE butterflies? Why are they the hot, sexy new thing that all the kids are fired up about?
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