---
title: "The Bye Bye Butterfly Bot Explained"
description: "Mastering the Bye Bye Butterfly Bot: A 15 DTE Options Strategy Guide"
url: https://help.optionsautotrader.com/en/articles/91-the-bye-bye-butterfly-bot-explained
collection: "Strategy Database 101"
updated: 2026-07-21
language: en
---

# The Bye Bye Butterfly Bot Explained

Mastering the Bye Bye Butterfly Bot: A 15 DTE Options Strategy Guide

Link: [https://app.optionsautotrader.com/create-auto-trader?strategy=ByeByeButterfly](https://app.optionsautotrader.com/create-auto-trader?strategy=ByeByeButterfly)

This guide provides a clear, step-by-step walkthrough of the Bye Bye Butterfly bot, a 15 DTE butterfly options trading strategy. You'll learn how the bot works, key trade metrics, entry rules, risk management guidelines, and how to automate the process. Whether you're testing on a paper account or preparing for live trading, this guide ensures you can confidently use the bot as part of your options trading strategy.

## **Step 1: Understand the Bot's Purpose**

The Buy Buy Butterfly bot is a 15 DTE (days to expiration) butterfly options bot designed to automate a butterfly debit trade.

## **Step 2: Review Key Features**

-   **Trade Type**: Butterfly (debit trade).
    
-   **DTE**: 15 days into the future.
    
-   **Win Rate**: 88% based on backtests.
    
-   **Average Win/Loss**:
    
    -   Win: $400
        
    -   Loss: $1,200
        

## **Step 3: Evaluate Time Commitment**

The average time in trade is approximately 11 days, or about 2 weeks.

## **Step 4: Check Backtest Results**

Review backtest data provided by Option Omega. Note that past performance does not guarantee future results.

## **Step 5: Automate the Bot**

1.  Click "Use This Bot" within the platform.
    
2.  Input the amount of money you wish to allocate for the bot.
    

## **Step 6: Understand Trade Rules**

-   **Underlying Asset**: SPX.
    
-   **Entry Timing**: Once a week on Thursday during the morning session.
    
-   **Profit/Loss Targets**:
    
    -   Take Profit: 25%
        
    -   Stop Loss: 80%
        

## **Step 7: Start with Paper Trading**

Begin testing the bot with a paper account to ensure it aligns with your trading strategy and risk tolerance.

## **Step 8: Activate Live Trading**

Once confident, set up the bot for live trading by defining your budget and starting the automation.  

**TERMS OF SERVICE:** Please be aware that continued use of the Options Auto Trader is subject to our [Terms Of Service](https://www.optionsautotrader.com/terms-of-service). If you have any questions or wish to review these terms, feel free to visit the website.