Options Playbook Radio

With MRVL still to announce earnings, it might be interesting to look at a long call spread in the name. You can find this on page 60 of The Options Playbook. This is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. In this episode: A review of last time MRVL announces earnings on 8/24 after the close What is the outlook for MRVL Selecting the expiration What is the most at-the-money strike? Buying as much time premium as selling What is maximum risk? Reward? Selecting a different expriation What is maximum risk? Reward? Why does one trade cost more than the other? Time premium caveats 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].

Since it's still earnings, season we are going to continue to look at expensive stocks. Today's subject is Alibaba (BABA), and we are exploring a backspread. You can find backspreads in The Options Playbook. This is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. The details: The difference bewteen a skip-strike butterfly and a backspread What do we want to happen? Why a backspread over a skip-strike butterfly? Earnings-related considerations What is the marketplace expecting after the earnings? Selecting strikes What will this cost? What is the timeframe? 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].

It's time for listener questions on Options Playbook Radio. 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]. In this episode Mark and Brian discuss: Question from LesNod: How the heck do you actually get out of straddles? One side of a straddle is always a loss! Question from Jelly: Can I buy longer-term options than LEAPS? Question from Kim D.: How high to rates need to go before I need to worry about rho? Question from Axel D.: Why do they update open interest only once a day?

Since we are still in the middle of earnings season, it makes sense to continue with stocks that are about to release earnings, in this case Tesla, which announces earnings after the recording of this show. You can find skip strike butterflies on page 108 of The Options Playbook. This is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. In this episode, Brian covers: A review of last time Where did the AMZN skip strike butterfly end up? Where is TSLA? What is the outlook? What is the expected move? Setting up the trade: selecting strikes What's the maximum risk? Reward? What do you 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].

We are back in earnings season. Given the possibility for big moves, we will look at the skip strike butterfly with calls, which you can find on page 108 of The Options Playbook. This is always available onoptionsPlaybook.com, in on the Amazon Kindle edition. In this episode: What happens to implied volatiilty around earnings? The dynamics of the trade The more costly the underlying, the more costly the option AMZN announces earnings on 7/27 after the close What is the "expected move"? Picking a close expiration Selecting strikes What is the maximum risk? What is the break-even point? What if we are completely wrong? What is the best-case scenario? 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].

It's huddle time again on Options Playbook Radio. This is when Mark and Brian answer listener questions. 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 Bobster wants to know if options can be traded outside of U.S. trading hours. Short answer: yes and no Longer answer: liquidity issues, wider spreads, other nuances. Should there be regular after hours? Should it be limited to a number of names? Index versus equity options Nelly2 wants to know about assignment. Just so I am clear on the spread assignment thing. If I am in SPX, then I just get cash if the index closes inside my spread. But if I am in a stock, then I get the stock? Cash-settled Guidelines for cash-settled versus regular settled Sellers and buyers rights and obligations

For the last few episodes, we were reviewing skip-strike butterflies in GOOGL. You can find this on page 87 of The Options Playbook. This is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. In this episode: A review of the last few weeks of strategies in GOOGL Looking at IBM, which will announce earnings on July 18 Remember: earnings add a bit of volatility to the underlying Where is the IV? Having a neutral to bullish outlook Going out further in time. Why? Time is on your side Picking the expiration Picking the strikes What will this cost? What is the maximum risk? Reward? Do you have a question that you want featured on an upcoming episode of Options Playbook Radio? Send Brian an email at: [email protected].

Last week we looked at a GOOGL skip-strike butterfly. Staying on the same page, we will put on a new paper trade as a follow up for that one. You can find this on page 108 of The Options Playbook. This is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. In this episode: A review of last week What was the trade? What did it cost? What happened since? What are we doing now? Setting up the trade Selecting strikes What about expirations? Max loss and gain? Do you have a question that you want featured on an upcoming episode of Options Playbook Radio? Send Brian an email at: [email protected].

Today Brian covers a skip-strike butterfly, which you can find on page 109 of The Options Playbook. This is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: What are the right circumstances for trading a skip-strike butterfly? A bad news event in GOOGL creates an interesting situation for options traders Where is GOOGL right now? What exactly is a skip-strike butterfly? What's our forecast? Where is the at-the-money straddle? Setting up the trade Picking strikes Picking expiration What's the maximum risk? What will this cost? Butterfly considerations What do we want to happen? Do you have a question that you want featured on an upcoming episode of Options Playbook Radio? Send Brian an email at: [email protected].

The Huddle: Listeners weigh in with questions Question from Steve - With the VIX so low, I am not selling a lot of options anymore, because I am afraid that I will not collect enough premium. Am I thinking of this incorrectly? Question from Lincan -My go-to options strat is to sell covered puts on stocks that I want to buy then get paid to wait. If the stock comes my way I eventually trade out of it using a covered call. What do you think? Savvy or stupid? Do you have a question that you want featured on an upcoming episode of Options Playbook Radio? Send Brian an email at: [email protected].

It's all listener questions in this special edition of Options Playbook Radio Question from Ejh4isu - If I buy/sell a vertical on SPX (or any equity stock for that matter) and hold until expiration, and SPX settles between the strikes, what happens ? Example: sell 2395/2400 and SPX settles at 2397. Question from Kraken1975 - Which of the Greeks do you utilize the most and why? Question from ButcherBoyz - What options trading strategy would you say is best suited to people with absolutely zero knowledge of options? Thanks. Do you have a question that you want featured on an upcoming episode of Options Playbook Radio? Send Brian an email at: [email protected].

In this episode, Brian reviews two paper trades from previous episodes and opens up a third. You can find the backspread with calls on page 84 of The Options Playbook, and the put debit spread is on page 62. Plus, this week we'll look at the fig leaf, which you can find on page 56. This is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Today, Brian discusses: A review of the AMD backspread What did AMD do since putting on the trade? A review of the FCX debit put spread What did FCS do since putting on the trade? Re-introducing the fig leaf with AMD Using a LEAPS option Setting up the trade Picking strikes What will it cost? Why not just do a covered call? Do you have questions that you want to have answered on an episode of Options Playbook Radio? Send them to Brian at [email protected].

Last week's episode looked at a backspread with calls. That strategy is on page 83 of the Options Playbook. This week, we will cover a debit put spread, which is on page 62. In this session, Brian covers: A review of last week's AMD backspread Why look at FCX? Why a long put spread? Erring on the side of being too short or too long Intrinsic value considerations Picking strikes and expiration dates Buying as much time premium as selling

Today, we will explore back spread with calls in AMD (page 84). This is always available on OptionsPlaybook.com, or on the Amazon Kindle edition. In this episode, Brian covers: What are the benefits and risks of the back spread with calls? What has happened since we put the trade on? Setting up the trade. What is the maximum risk? Reward? What is the ideal scenario?

It's all listener questions in this special edition of Options Playbook Radio. Question from JDog - I just got an options pitch that says that options buyer lose money on 7 out of every 10 trades. Is that true? Question from Alan Shepard - Why would I ever buy an option when 90% of them expire worthless? Question from Lesnod - How do you get out of the straddles? One side of a straddle is always a loss correct? Question from Bob - Concerning options: I have been told to take an ATM call and put, add them together and that is the expected move. Is that correct? If you have questions for Brian, send them to [email protected].

It's all listener questions in this episode of Options Playbook Radio. Do you have questions that you would like answered on the show? Send them to Brian at [email protected]. Question from JLaws: My dad is coming over to the dark side slowly but surely/ He is thinking about dipping his toes in the options pool. What product do you recommend for an options newcomer making his first trade? Question from Sharkcake: I have been approved to trade options by my Brokerage but I have yet to execute my first trade. What trade do you recommend? Question from Meats: Would you describe successful options trading as primarily singles and doubles or more swing-for-the-fences home runs? Question from Mary: What is the shortest expiry available for plain vanilla options?

Last week we looked at an inverse, skip-strike butterfly on AAPL before earnings (page 112). Today, we will explore a FB iron condor (page 126). This is always available on OptionsPlaybook.com, or on the Amazon Kindle edition. In this episode, Brian covers: A review of last week What are the benefits and risks of the skip-strike butterfly? What has happened since we put the trade on? What should you have done? What is going on with FB? Setting up the trade What is the expected move after earnings? Selecting the expriation Selecting the strikes What is the maximum risk? Reward? What is the ideal scenario? Do you have questions that you would like answered on the show? Send them to Brian at [email protected].

It's earnings season again. As such, we're looking at an inverse skip-strike butterfly to capture some earnings move. You can find skip-strike butterflies with calls on page 108, and inverse skip-strike butterflies with calls on page 112 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle edition. In this episode, Brian covers: A review of last week's AMZN butterfly Lesson to learn: Time makes the trade cheaper Determining strike prices Making sure you do not get blown out Looking at the implied volatility How to use time premium What is the net credit? What is the maximum risk?

It's earnings season again. As such, we're looking at a skip-strike butterfly to capture some earnings move. You can find skip-strike butterfiles on page 108 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle edition. In this episode, Brian covers: A review of last week's UAL butterfly Lesson to learn: Don't try to hit a home run with a butterfly Putting on a skip-strike butterfly with calls Picking the expiration Looking at the implied volatility Picking strikes What is the net credit? What is the maximum risk?

For the last few episodes, we explored backspreads in SNAP. This week we shift gears to another name that is highly volatile right now, United Air Lines. Let's explore a long butterfly spread with UAL calls. In this episode: A review of the SNAP backspreads Volatility in UAL skyrockted Why choose a butterfly spread? Choosing a one-day trade Selecting strikes Setting up the trade What is the cost? What do we want to happen?

SNAP's recent IPO has had the name in the news quite a bit these days, so let's take a look at SNAP backspread with puts, which is on page 84 (calls) and page 87 (puts) of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle edition. In this episode, Brian reviews: The SNAP backspread with calls from last time What has SNAP done since last time? Where are the SNAP options now? What about implied volatility? When will earnings be announced? Taking a bearish view this week Setting up the trade What is the expected move on the May 19 contracts? What is the cost? Do you have questions that you would like answered on the show? Send them to Brian at [email protected].

SNAP's recent IPO has had the name in the news quite a bit these days, so let's take a look at SNAP backspread with calls, which is on page 84 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle edition. In this episode, Brian covers: A review of last week's long call on PFE Still figuring out the SNAP valuation Where is implied volatility? Why a backspread instead of a straddle? Selecting the expiration date What about earnings? Selecting strikes What is the expected movement? What is the risk? Upside? Do you have questions that you would like answered on the show? Send them to Brian at [email protected].

This week we will buy options in a stock that is at the low end of the implied volatility range. You can find long calls on page 40 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle. To review the long calendar spread with calls, see page 90. In this episode: A review of last week's AAPL long calendar spread Implied volatility of PFE is somewhat low General rules of buying options contracts What contract to buy and why? Picking the strike and expiration What will it cost? You get more delta when you have more time on OTM options What about the dividend? Do you have questions that you would like answered on the show? Send them to Brian at [email protected].

Today we are going to take a look at long calendar spread with calls on a little known company called Apple. This is on page 90 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle. Specifically: What can you do going into earnings? How to "control" implied volatility around earnings AAPL indicates that it will announce earnings on April 25 What are the implied volatilities for the at-the-money calls expiring around that date? Setting up the trade: picking strikes and expirations What is the net cost for the spread? What do we want to happen? Plus, reviewing the GPS butterfly and the ABT straddle Do you have questions that you would like answered on the show? Send them to Brian at [email protected].

Today we are looking at a long straddle. You can find this in The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle. In this episode, Brian discusses: A review of the long GPS put spread that was adjusted into a butterfly How was the butterfly constructed, and for what price? What has happened since the adjustment? What to do now? Remember, butterflies love time decay Moving into the healthcare sector, implied volatility is low in Abbot Labs Where is 30-day IV in Abbott Labs? When does ABT announce earnings? Putting on a 35-day straddle Picking strikes What is the cost? What about a fig leaf? (aka leveraged covered call) Picking the strikes What is the cost? Do you have questions that you would like answered on the show? Send them to Brian at [email protected].

Last week we put on two long spreads to coincide with GPS earnings. We knew that one of them would not work, and planned on adjusting it into a butterfly. In this episode, Brian rolls the long put spread into a butterfly. Specifically, Brian discusses: A review of last week What happened since GPS announced earnings? Which trade didn't work? Adjusting the long put spread What do we want to happen? Setting up the trade, picking strikes What is the net risk? Reward? What is the plan until expiration? Do you have questions that you would like answered on the show? Send them to Brian at [email protected].

Today we are looking at long call (aka bull call) spreads. You can find this in The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle. Brian discusses: A review of last week's bull call spread in SJM GPS announces earnings on 2/23 Setting up the trade Picking expirations to capture earnings and beyond Picking strikes based on the expected move What is the cost?

Today we are looking at long calendar spreads. You can find this on pages 90 (calls) and 93 (puts) in The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle. Brian reviews: Review of last week's TSLA calendar spreads with calls and puts. Long calendar spreads, or bull calendar spreads.

Today we are looking at calendar spreads. You can find this on pages 90 (calls) and 93 (puts) in The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. Brian reviews: Review of last week's AMZN iron condor Long calendar spreads = net long volatility That doesn't mean that you want a volatile market When might this happen? Earnings! Setting up the trade Picking expirations Picking strikes What is the risk? Reward?

Today we are looking at iron condors. You can find this in The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. Specifically: A review of last week's F call purchase What happened since we put on that trade? Who announced earnings this week? What can we do with AMZN? Where is the AMZN straddle trading? What is the over/under on the upside? Downside? Rationale for picking expiration Rationale for picking strikes What is the maximum risk? Reward? Do you have questions that you would like answered on the show? Send them to Brian at [email protected]

Today we are looking at back spreads with puts. You can find this in the back spreads section of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. Brian covers: A review of last week What happened since? What to do now? What is the risk? Reward? What to do now with earnings season? Let's look at Ford (F) How to avoid the crush of volatility Take a look at time value Where is the market right now? What is the upside? Downside? What do we want to happen?

As promised last time, we are looking at one off trades. You can find this in the back spreads section of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. Specifically: How to protect ourselves around the election How do back spreads work? What are we likely to gain? What are we likely to lose? What if we ride until expiration? What is the likelihood of a net credit?

As promised last time, we are looking at how to manage positions, specifically rolling positions. You can find this in the appendix of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. Specifically: What does rolling a covered call actually mean? When do you want to roll? When do you NOT want to roll? What are we doing if we roll up and out? What if we just go out, not up? What if we go up, not out? Doing things quickly is key What is the likelihood of assignment?

As promised last time, we are taking a deeper dive into covered call writing. You can find this in the beginning section of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindleversion. Specifically: Underlying. What stocks make the best candidates for covered call writing? Volatility: It's like Goldilocks...not too much, not too little. What can we do in AAPL? BAC? Earnings impications for timing How far out is the right amount? When to roll?

In this episode, Brian takes on listener questions, including: Question from Choas - Brian, as a beginner, I have done quite a bit of research on the subject of options. Now of course, I would start by doing the right thing - that is writing a covered call on one of my long positions. The problem I am having, believe it or not, is not knowing the direction of the stock or the expiration, the problem is more basic - not knowing which transaction to choose. As it appears, very little is said about buying to open, buying to close, selling to open and selling to close. These terms are essential in order to communicate the right information. I would therefore appreciate it if you took a few moments or your time and explain each step, and use examples to clarify. Your presentations are fabulous and I have learned a great deal of theory from you. Thank you Question from Goldmaker - I sold a put on a specific stock with a 115 strike price, that was going to expire next week. The stock a gone below, down to 113.48, and I am prepared to take the stock. It was my understanding that the stock would be put to me if a stock went below 115. Right now, the option has not been exercised and I have not been assigned. What action do I do to make them give me the stock at 115?

We dug through the archives to bring you the very best of Options Playbook Radio.

In this episode of Options Playbook Radio we are covering a long butterfly spread with puts. You can find this on page 104 of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. Specifically: A review of last week's trade What was the sentiment? What was the set up? What was the cost? What happened since we put on the trade? Rolling this into a short put spread Don't forget about volatility! How do we roll this? What is the new position? What is the cost? Beware of over trading

In this episode of Options Playbook Radio we are covering a put butterfly spread. You can find this on page 104 of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. Brian covers: A review of the last few weeks What happened at the OPEC meeting? What resulted in the market? Butterflies like time decay and decreases in volatility - IF you are correct on your forecast Where is MRO now? What does that mean for our positions? What could happen next? Don't discount volatility Setting up a new trade in the S&P 500 Index Picking strikes and expiration date (it's a Monday!)

In this episode of Options Playbook Radio we are covering a call butterfly spread. You can find this on page 102 of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. Brian covers: A review of the last strategy Taking advantage of the OPEC meeting and the ensuing oil volatility Putting on a butterfly in MRO Picking the expiration and the strikes What will it cost? What is the upside? Breakeven? What is our outlook?

In this episode, recorded the day before Thanksgiving 2016, Brian is joined by Mark, and they take on listener questions and comments. This includes: Options#QuestionOfTheWeek: Great traders need many weapons in their arsenals. But everyone has a favorite. What is yours? Vertical/Ratio Vertical Iron Condor/Iron Fly Straddle/Strangle Covered Call/Short Put What is Brian's answer? Long Butterflies! Listener questions include: When the market is rallying, what's wrong with just buying calls? Has anyone studied the effect of selling weekly options vs monthly options INCLUDING commissions? Seems like that would be a big factor when writing so many contracts. Are skip-strike butterflies the same thing as broken wing butterflies? Why trade volatility versus direction or income? Discuss the delta of VIX

What situations might be a good time for covered call writing? There is also the long put spread from last week to discuss. You can follow on pages 50 and 62, respectively, of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. This week, Brian discusses: What has happened to the market since the election? Why is the VIX going up when the market is going up? How did we do from the long put spread from last week? What were the risk parameters? Covered call writing Don't forget about the Thanksgiving holiday What is the timeframe? Looking for the Goldilocks of volatility Avoid earnings Setting up the trade Do you have questions that you would like answered on the show? Send them to Brian at [email protected].

For the last few weeks, we have been looking at earnings plays, including a short call spread (page 64), and today we're looking at a long put spread (page 62) of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. On tap for today: Pushing all-time highs post-election Reviewing last week's FB trade Where is the market right now? Putting on a long put spread in SPY What is the timeframe? Setting up the trade What is the maximum risk? Reward? Break-even? Do you have questions that you would like answered on the show? Send them to Brian at [email protected].

'Tis the season. Earnings season, that is. Let's take a look at another earnings play, specifically a short call spread. You can find this on page 80 of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. Today Brian discusses: A review of last week's CVX front spread Facebook (FB) announced earnings just after this recording What is the expected move post-earnings? Do we agree with that prediction? Selecting an expiration Setting up the trade What's the risk? Reward? Do you have questions that you would like answered on the show? Send them to Brian at [email protected].

In this episode of Options Playbook Radio, we are talking about a front spread with calls.You can find this on page 80 of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. In this episode, Brian discusses: A review of last week Chevron (CVX) will announce earnings before the open on 10/28 What kind of move can we expect? Setting up the trade Picking the expiration What strikes to use? What is the maximum upside? Risk? What about margin? Do you have questions that you would like answered on the show? Send them to Brian at [email protected]

We are going to look at a backspread with puts this week. You can find that on page 87 of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. Today, Brian discusses: A review of the MRO covered call from last week Making an adjustment based on new outlook Walgreens, which is merging with Rite-Aid, has earnings coming up What can we do with that? A backspread with puts What is the outlook? Setting up the trade What is the risk? Reward? How to stay out of the valley of death Do you have questions that you would like answered on the show? Send them to Brian at [email protected]

We are taking a look at covered calls today. If you want to follow along, we are on page 50 in the Options Playbook. You can always follow along on OptionsPlaybook.com, or on the Amazon Kindle edition. Today, Brian covers: A long-term straddle that we looked at about four weeks ago on the S&P 500 A covered call in MRO What is the option chain in MRO? Figuring out the upside What is the cost? What is the outlook? Do you have questions that you would like answered on the show? Send them to Brian at [email protected]

In this episode, Brian and Mark huddle up to answer listener questions. They take on: Question from Yukoner: Do you ever do spreads in LEAPS. Why and how? So I used to trade the LEAPS rather than buy the stock. Is that a good use case? Question from Tradecraft: Is there a correlation between high options OI and options price levels? Do you have questions that you would like answered on the show? Send them to Brian at [email protected]

This week we are going to look at a cash-secured put, which you can find on page 48 of the Options Playbook. You can always find it online at OptionsPlabyook.com, or in an Amazon Kindle version. Today Brian discusses: OPEC decided to cut oil production, so oil prices and stocks spiked Looking at Marathon Oil, MRO Where is it trading today? How to put on a cash-secured put in MRO? Why is the timing right to do an oil play? Selecting the expiration Remember that you want to be put the stock Where are you willing to buy the stock? That's how you pick your strike Where is IV right now? What will it cost? What is the maximum cost if you're put the stock? What happens if you're wrong on the strike? How to get more upside? Sell a put to pay for a bull call spread Do you have a question that you would like to have answered on Options Playbook Radio? You can submit your feedback right on the Options Playbook Radio Facebook page. There, you will also find past episodes, and more from your host Brian Overby.

Last week we talked about diagonal spreads, which can be found on page 99 of the Options Playbook. You can always find this on the Options Playbook website. First up, a listener question: Question from Mike - Hello Brian, Love the show. I am curious as to why one would ever use a collar instead of a bull put spread. Am I incorrect in thinking these strategies are identical with respect to risk/reward? Since the put spread will cost less to put on, it seems like the better trade. As an additional advantage, there is no need to tie up the capitol to hold the underlying. If you want to read the blog post Brian mentions, you can find it here. Next, a review of last time: We were bearish going into earnings in LEN What happened after the paper trade? The gaggle of securities (it started out as a strangle) Do you have a question that you would like to have answered on Options Playbook Radio? You can submit your feedback right on the Options Playbook Radio Facebook page. There, you will also find past episodes, and more from your host Brian Overby.

We have recently been doing a lot of long spreads, and then adjusting based on market conditions. If you want to follow along with The Options Playbook, you can find long spreads on page 60, and long strangles on page 72. Today, Brian discusses: A review of last time News since the last episode Putting on a position because of the chart Looking at selling aput below the 2100 strike What will it cost? What is the current position? We now have a gaggle of securities Putting on a diagonal spread in LEN Do you have a question that you would like to have answered on Options Playbook Radio? You can submit your feedback right on the Options Playbook Radio Facebook page. There, you will also find past episodes, and more from your host Brian Overby.