Options Playbook Radio 104: GOOG Skip-Strike Butterfly
Options Playbook Radio · The Options Insider Radio Network
April 21, 201618m 12s
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Today we are looking at a skip strike butterfly with calls on GOOG, which announces earnings after the close the day of this recording. You can find this information on page 104 of the Options Playbook, or on OptionsPlaybook.com. This includes:
- A quick review of the VZ paper trade we put on last week
- What's going on in GOOG
- Why are we setting up a skip strike butterfly?
- Setting up the trade
- How are we paying for the trade?
- What's the upside? Downside?
- The worst case scenario
- The best case scenario