Options Playbook Radio

OPR 270: SKIP STRIKE FLY BATTLE - AMZN vs GOOGLIt's time for the tech titans to face off in the battle of the Skip Strike Butterflies. Which will win - Amazon (ticker: AMZN) or Alphabet (ticker: GOOGL)? That's up to you. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

OPR 269: BA Trade Review With A MSFT Condor KickerOver the past few weeks, we have done a few Boeing (ticker: BA) trades using different strategies. Let's look review those then let's throw in a a condor kicker in Microsoft (ticker: MSFT) around earnings for some extra fun. You can find more in The Options Playbook, which is available on www.OptionsPlaybook.com as well as in the Amazon Kindle store. Do you have a question that you want answered on a future episode? Send it to [email protected], or to [email protected].

OPR 268: BBBY Call Review With A Bonus BA Butterfly Last week we looked at buying call options around Bed, Bath and Beyond (ticker: BBBY) earnings. Let's review that trade. Then let's throw in a bonus long butterfly on Boeing (ticker: BA) for good measure. You can find more in The Options Playbook, which is always available on www.OptionsPlaybook.com as well as in the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian directly at [email protected], or to the Options Insider at [email protected].

On this episode, let's discuss buying options in Bed, Bath and Beyond ahead of the earnings announcement scheduled for July 10. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

On Options Playbook Radio episode 264, we discussed a successful long straddle trade in Boeing. The next anticipated earnings announcement for Boeing is expected to be held on July 24. On this episode, let's discuss a long calendar spread in Boeing ahead of that announcement. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

On this episode of Options Playbook Radio, let's discuss an interesting way to trade around the fed announcement. Let's do a skip strike butterfly in the S&P 500. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

On this episode, we first looked at last week's trade in Apple. Then he discussed doing a long straddle in Boeing. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Today we will look at protection strategies. In this episode we will do a long put spread in Apple. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Today we will do a butterfly trade around Costco earnings, which are scheduled for after the close on Thursday, May 30. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

LISTENER QUESTIONS Question from Chickenluvr - Do you know if there is anyway you can tell if positions are being opened or closed intra day? Live options open interest? Question from Meravol - What are your thoughts about selling strangles at the 1std dev levels of a particular stock? Sort of like a bollinger band strangle? Thoughts on this technique? Is it me or are there new techniques for selling strangles all the time that always tend to blow out? Aren't you better off selling IC or IB due to limited risk? Question from S Warz - Can you trade options through dark pools? Question from Mr Petty - What is the sweet spot when buying options when it comes to time decay. I don't want weeklies but I also don't want to spend a fortune for a two-year option? Comment from Tenasur - Ally is smart having a show on this network. It puts them ahead of a lot of brokers that are still figuring out their content strategy. Maybe one day Ally will pick up the rest of it and make it the Ally Options Insider Radio Network. That would be pretty sweet for ally clients to have access to this stuff 24/7. Although the rest of Mark's listeners might be a little angry.

Today we are trading covered calls in Apple. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Today we are using the S&P 500 to sell some at the money option premium. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Today we are discussing a skip strike butterfly in Amazon. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Today we are discussing a bearish trade on Tesla. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, and on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Today we are discussing a fig leaf or leveraged covered call in CSX after earnings. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

With it being in the news a lot lately, let's take a look at a diagonal call spread in Boeing before their earnings reported on April 24. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

THE HUDDLE Question from Harold Dsouza - Hi Brian. Let me start off by saying I am a big fan of your options playbook radio podcasts. I think you are an excellent teacher. I have been meaning to reach out to you for a long time now. I am 41 yrs old and have been very intrigued by the stock market since I was a kid. I have also had an innate fear of losing my hard earned money which has kept me away from venturing into the market all these years. I have finally overcome my fear and have decided to slowly wade towards the deep end. I have been educating myself for about 4 months now, getting comfortable with the market terminology and its workings. I've been reading books on stocks & options trading and listening to podcasts. Absorbing as much as I can. I have had a financial advisor who has been handling my portfolio for the past 6 yrs and honestly I have seen very little gain in my accounts over these years. After listening to your podcasts I am motivated and I believe with the right guidance and education everything is achievable. I have decided to take control of my finances. I have been listening to your podcasts starting from day 1 and listened to them over and over again until i understand the concept. Some of them i'm struggling with, but i am determined to get there. I like the way you break it down into bite sized digestible chunks. My money has been sitting in my trading account for over 3 weeks now. I am a little anxious to take the first step which is picking the right stock. I am still conservative with my money. Hence I am looking primarily at DJI & S&P500 stocks. My focus at this point is to pick right stock that is on it's way up and sell covered calls on those stocks taking advantage of the current market rally while as the same time getting some residual income. Once I am comfortable I will be looking at handling my finances in its entirety. I need some guidance on how to pick those stocks. I am reaching out with the hope that you could provide some guidance or point me in the right direction to help me get started and achieve my goal. I am currently on podcast # 32, I don't know if you have covered this in your later podcasts. I don't know if my approach is right. I am just going with my understanding of what I have been reading and observing and listening. Much like a well read frog in a well..lol. Look forward to hearing from you. Best Regards, Harold Question from Joe and Linda - I have been knee deep with you guys for the last 14 months and can't thank you enough for the wealth of information you provide. One of my favorite quotes: " Your generosity is only exceeded by my gratitude." I have a long commute to work in the morning and have managed to listen to all 240+ of the Options Playbook, all of the Bootcamp, 90% of the OIC stuff as well as in and out of the Options Advisor and Futures show. Also haven't missed Options Block for the last few months… I have a few questions: - I purchased Dan's Trading Options Greeks book and was wondering if he had an audio version. Could easily listen to it on my morning commute. - I seem comfortable with Bollinger Bands, ADX Charts and Volatility Charts, but I am having trouble nailing down a consistent time frame. Should I set the chart for the time I am interested trading or is the 6 month better, 1 year, 2 year....? - Should support and resistance lines reflect 100 lines for better accuracy? 250? Thank You so much for all your help, looking forward to the future with you guys. Going to be successful enough to be able to travel Thank You guys in person! Thanks Again! Question from Jarryd Smith - I have a question for the podcast. What is meant by 'the tent'? For example, stop the trade when it exits 'the tent'. Let's use an ATM Butterfly. Is it the ending 'tent', when at the end of the trade it would a max-loss? Or the end of the trade that would still be a profit? Or something else? For example, if I had a 100/150/200 ATM Butterfly on for $25, would I exit if it hit 100 or 200? Or 125/175? Or something else? Thanks! Question from Thomas Weber - If I am short a deep in the money call in SPY (delta near 1), what are the odds I will be assigned the Thursday night before Friday expiration? Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Let's take a look at our Nexstar fig leaf trade from last week. Then let's discuss an out of the money long call spread on Boeing. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

On today's episode, we use a figure leaf or leveraged covered call in Nexstar Media (NXST). You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Comment from Analog K71 - Hi Brian! I know that you are not making recommendations, but your diagonal spread on Pepsi was a perfect call! The short call expires almost perfectly with the underlying stock at 1.16, now my long calls are entirely risk free and possibly worth something! Just wanted to give you a tip of the hat! Thank you Question from Da Poet - What does it mean when an options is delta skewed? Question from Holscreen - Is it safe to say that a large amount of the options business is devoted to paying for puts? Question from Duffy - How do you handle the fixed-time aspect of trading options? Question from Stipe 3 - Is it safe to say that most professional option traders are short premium and long theta? Question from Merrick - Can I have a copy of the playbook? Also does Brian do any live events?

First we look at recent trades in Pepsi and Nvidia. Then on today's episode, we use a diagonal spread in Costco. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

THE HUDDLE Comment from Georgi - Hi Brian, Thanks a lot for taking the time and elaborate on my question about OTM Calls, on Jan 17 on Options Playbook Radio! You guys are doing a great job! I have been listening to you for a while and I am very pleased with the content and the way you present it. I enjoyed how you tried to pronounce my Yahoo nickname "joro joro ". My name, in fact, it is Georgi or George in English. Cheers,Georgi G. Question from Dave B. - Hi, I have a question about what is the best strategy to use for my trading system. I typically am only right on about three or four trades out of every 10 with long stock. The trades that I am wrong on, I take a small loss - somewhere between 5 to 10% but only 1-2% of the total capital as I typically take 10% positions. The trades that I am right on, I typically make 50% up to 200% over a 3 to 12 month period. I want to find an options strategy to increase returns via leverage, but keep total portfolio risk per trade about the same. Would DITM calls or spreads make sense to you? Or is there another strategy I could (should) consider. Thank you! Dave B. Question from T Whitaker - I like all of Brian's earnings strategy episodes of options playbook. It seems like Brian prefers to use skip strike butterflies whenever trading around earnings. But are there ever times when he will utilize other strategies around earnings - maybe straight long/short calls or puts when he feels there is an edge? Good show and loving the playbook website as an addendum. Question from Leg77 - MIAX making it official with 16 exchanges. What do you guys think about more players entering the options game? Question from LaCrute2 - Funded my Ally options account and I'm enjoying the options playbook program. Thinking about picking up the book as well. We need to have Brian and Mark do a regular show for the Ally options folks that we can listen to while we're trading.

We start the show by reviewing the performance of our Pepsico Earnings diagonal spread from last show. This week we breakdown a bullish Christmas Tree Butterfly in NVDA going into earnings. With NVDA at $152.88 Brian wants to buy 1 Feb15 165 Call, Sell 3 Feb15 167.50 Calls and then Buy 2 Feb15 170 Calls for a net credit of $.20

Today Brian breaks down a diagonal spread around PepsiCo (PEP) earnings. Tune in to learn how you can implement a similar strategy into your own options trading. As always, if you have any questions or suggestions for future episodes of Options Playbook Radio please send them to [email protected]

Today we will be using a skip strike butterfly in Amazon. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

TESLA SKIP STRIKE CALL FLY Host: Brian Overby, Senior Options Analyst - AKA The Options Guy - at Ally Invest If you like to trade volatile stocks then TSLA has you covered. Today we're going to trade a Skip Strike Call Butterfly using Tesla options. This is an advanced play so make sure you've reviewed the Options Playbook before proceeding. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, and on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Options Playbook Radio 243: Huddling Up About Premium Harvesting and Covered Calls Today Mark and Brian answer questions about How to safely harvest premium in a volatile environment by selling puts What criteria should you evaluate when constructing a covered call portfolio?

Options Playbook Radio 242: Huddling Up About Expiration, Calls vs. Spreads and More Host: Mark Longo, Founder and CEO - The Options Insider Media Group Co-Host: Brian Overby, Senior Options Analyst - Ally Invest In this episode Brian and Mark huddle up to answer the following questions: QUESTION FROM Paul Vasquez: When is the "official" close as far as options expiration is concerned? I've had calls assigned and had stocks put to me when the strike was out of the money at market close but it moved in and out during after hours trading. Any light you can shed on how expirations work would be appreciated. Thanks Paul, Sacramento, CA QUESTION FROM B0R1NG: When do you just buy a call vs a spread? Is that ever the preferable option? QUESTION FROM COS7MNT: What's the ideal time frame for trading options? Mostly short-term?

Huddle up, listeners! We're taking your questions, including: The options question of the week: What is the largest open options position in AAPL right now? Given the skew set up in equities, why would you ever buy a collar? Why are there no options on VXAPL? Will we ever have a VIX index product that you can actually buy/sell? Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Huddle up, listeners! We're taking your questions, including: I've been lured in by the ongoing selloff in crude and have been thinking about a stock replacement in USO. Should I even bother? Is there a price where it's no longer worth it? What about timing? And more.... Does Ally allow people to close short positions below 10 cents without a fee? Are there any types of trades that, without brokerage fees, would be great trades? Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Now that the Fed has spoken, the market is reacting. This is a good opportunity for a front spread. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: The Fed has spoken What's a front spread? Using AAPL as an example Where is APPL now? Selecting strikes Selecting an expiration date Max risk and max gain Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

When the market conditions are right, it can be a good time to trade a butterfly in the S&P 500. Now is the time. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: As of this recording, the VIX is higher than last week, but down a bit on the day A review of last week Where is the market now? Let's do another 20-point wide butterfly Selecting strikes What does it cost? What's the maximum gain? What about the hedge? And more... Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

When the market conditions are right, it can be a good time to trade a butterfly in the S&P 500. Now is the time. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: Where is the S&P 500 index right now? Buying a December 7 butterfly Selecting strikes What is the total risk? What do we want to happen? What's the maximum upside? What is the market forecast? What to do if the market moves against us? Capital requirements And more... Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

How can stock investors use options? You've come to the right place. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of the AAPL collar from two weeks ago What about capital gains? Remember we had a small credit Where are we now? What about additional risk? What's an alternative? Using an example with FB Using a FB option as a surrogate for stock Setting up the trade Selecting expiration and strike Remember, one option for every 100 shares of stock Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Huddle up, traders! For your listening pleasure, Mark and Brian answer your burning options trading questions, including: Question from Barry Brown - Good morning. Have the show archives been withdrawn or are they still available? Question: If we put on a poor man's covered call position and the price moves up the short call, when do you recommend rolling, etc? Thank you. Your stuff is great. Really enjoy all you efforts. Thank you. Question from Douglas Tilley - Hello! Regarding long stock substitution: 1. With call options, are deltas additive? I.e. why are (2) 40-delta calls so much cheaper than (1) 80-delta call? This seems like buying equivalent total delta for about half the cost. 2. For more accurate stock substitution, do you ever use the technique of buying an ATM call while selling an ATM put? (Vs. buying calls for a desired total delta). What are the pros and cons (or nuances) of the 2 methods? I do notice that the 2nd method definitely requires more buying power, due to the short put. Thanks for all the education - D Tilley, DDS Question from Splitsville - Why is long put/covered call a "collar" while short put/long call is a "risk reversal." Never understood that one.

It's always a good idea to review basics. Today we're looking a covered calls, and it's cousin, collars. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: Lots a bad news around Apple What to do approaching the new year? Thinking about capital gains, taking losses What is the scenario? What will selling a covered call do? What is the risk? Reward? What would a collar look like? What would it cost? Risk and reward Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

HD is announcing earnings soon. Let's look at how to set up a straddle to cap risk. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: What's happened since last week? What did we learn from the NVDA backspread from last time? What happened to the one without earnings? What happened to the one that contained earnings? Let's take a look at Home Depot Earnings are coming up Setting up the trade We know the max risk and max upside How many contracts should we do? What is our rationale? What's the goal? Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Nvidia is announcing earnings soon. Can we expect a dead cat bounce on the stock? You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: What has NVDA been up to lately? NVDA has an earnings announcement on 11/15 Selecting expiration dates Where is implied volatility for the expirations? What are our expectations for IV? Putting on a backspread with calls Setting up the trade What is the risk? What do we want to happen? Which to choose? Why? Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Being in the heart of FAANG earnings season, let's look at GOOGL and AMZN. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: What is happening in the markets right now? What about GOOGL and AMZN, specifically? What are the expected moves? What is our strategy? We're looking for positive theta, but negative vega Let's look at a GOOGL skip-strike butterfly Selecting strikes and expiration What is the cost? Maximum risk? Remember margin! Remember the risk of gap-up or gap-down What do we want to happen? What about AMZN? What is the expected move? Selecting strikes and expiration What is the maximum risk? Reward? What do we want to happen? Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Huddle up, listeners. It's time for Mark and Brian to answer your questions. Question from BuseKrus D - New to options, and working with a small account size. Looked to put on a trade with a strategy from the playbook (Christmas tree butterfly I think) with a 57-60-66 2x3x1 call fly for a total debit of 1.30. I've always heard that for a defined risk debit trade the max risk is the amount paid. However, the brokerage was saying I needed around 740 in my account to be able to put on the trade. Is there an explanation? Is the capital required to put on a trade greater than the possible max loss on defined risk debit spreads? Thanks. Question from Ron S6 - What's your suggested minimum account size to start trading options? Question from Lance Everett: Hello again Brian. Still enjoying the options playbook radio program. It's my quick options education fix for the week. I listen on my commute to work every Thursday. I have a few questions for your next Huddle episode if don't mind. If you can only answer one then that's fine too. You talked front spreads on episode 227. Do you ever use more traditional ratio spreads- outside of repair scenarios, of course? Bonus points if you know where the term front spread came from. What are your thoughts on the crypto boom? No options yet but they are coming. Is Ally planning to jump on the train? Do you ever use short calendars - so selling longer term and buying the near term? Is there a sequel to the playbook in the works? Although the show is kind of like an ongoing live update/ sequel so that's probably better. Thanks again for making my Thursdays fun and informative.

Let's go back in time and review the last two weeks' worth of trades, including: Bearish COST backspread What was the trade? What did we want to happen? How did it turn out? What did we learn? Then there was a NFLX calendar What was the trade? What did we want to happen? What did happen? Let's look at the VIX What about a TSLA fly? Setting up the trade What is the cost? What is the upside? Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Earnings in FAANG stocks are coming up, with NFLX leading the way on 10/16. We're going to do a long calendar spread with calls. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of last week Why a calendar spread? Where is NFLX now? Earnings are released on 10/16 What is the expected earnings? Selecting a strike Setting up the trade What is the maximum risk? Reward? What do we want to happen? What is the net delta? And more Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Costco (COST) has earnings coming up next week. We're going to do a backspread with puts, or a ratio volatility spread. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of last week COST will announce earnings on 10/4 What does the chart say? Let's do a backspread with puts What's the expected move? What's our take? Selecting the expiration and strikes What if we're wrong? What if we're right? What is the maxium risk? Reward? What happens the farther you go out in time? Does it work for every underlying? Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Tilray Inc. (TLRY) has gone up over 100% in two days. With stocks that move like this, it's a great learning experience. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of last week's NKE diagonal spread What did we want to happen? What actually happened? What does that mean for the contract we bought? What do to now? Let's roll! Crazy moves in TLRY Why are the puts so pricey? What would Brian do? (WWBD?) Super high implied volatility And more.... Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Nike (NKE) has been in the news a lot lately and will announce earnings on September 25. Let's take a look at a diagonal trade. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of last week What happened to the SPX? Did you get out, or did you get the stupid award? NKE is near all-time highs Setting up the trade Selecting strikes and expirations Pay attention to the delta of the trade Addressing different scenarios Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Now that earnings season is over, it's time to get back to the basics. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of last week Setting up a long put butterfly in SPX Where is the SPX now? Where is volatility? Selecting strikes Using the nearest-term expiration Settlement is at the close on Friday What's the upside? Downside? What do we want to happen? How to roll into a short put spread Remember commissions! Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Now that earnings season is over, it's time to get back to the basics. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of last week What happened if you stuck around to the close on Friday? How did we do? Markets are closed for Labor Day How do we take the holiday into account? Where is the S&P 500 right now? Selecting strikes and expiration What do we want to happen? What if it starts to go south? How to turn this into a butterfly And more.... Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Now that earnings season is over, it's time to get back to the basics. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: Why choose the S&P 500 index? Selecting the expiration (just two days!) Selecting strikes What is the risk? Remember commissions, especially with a three-legged trade Interesting downside considerations What do we want to happen? Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].

Huddle, up listeners! It's time for Brian and Mark to take on listener questions, including: Options question of the week: Earnings season in in full swing. Which names will dominate your options trading this week? 47% - AAPL 37% - TSLA 6% - GPRO 10% - CBOE Question from Imhad1: Is HMNY now the most option-like stock ever? Back to $.08 after reverse splitting up to $14. Crazy! Who would buy an option on this thing? Question from Ling: I've heard some educators say that you should never hold out for the max profit in an options spread trade because that means you held onto it too long. Is this the case? Do you agree? Thx and enjoying the handbook. Question from Flyguy: Hey what do you guys do with your long calendar spreads? Do you close out the short leg if the stock doesn't move then keep the long leg or just close the whole spread out?