Options Playbook Radio 137: Long Butterfly Spreads with Puts
Options Playbook Radio · The Options Insider Radio Network
December 8, 201622m 21s
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Show Notes
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!)