Options Playbook Radio

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 theoptionsguy@invest.ally.com , or to the Options Insider at questions@theoptionsinsider.com . 

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 alwa...

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 ca...

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? Sen...

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 broker...

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...

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 anothe...

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...

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...

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. Real...

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 c...

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...

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 expectation...

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...

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. Ho...

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...

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? Sel...

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 mov...

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 b...

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 Setti...

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 F...

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 5...

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...

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 opt...