Options Playbook Radio

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?...

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...

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...

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 W...

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, no...

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 Kindle version. 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 impi...

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 probl...

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 f...

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 W...

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? Wha...

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!...

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...

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 Wha...

'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...

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 W...

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...

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...

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? S...

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 timi...

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/re...

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 co...