Options Playbook Radio

Lately, we have been discussing inverse skip-strike butterflies. Today, we are discussing times when it is a good idea to use inverse skip strike butterflies.   Today, Brian discusses: What will the Fed do? (They kept rates steady) Setting up an inverse skip strike butterfly on the bearish side of the S&P 500 What will it cost? What do you want to happen? What is the risk? Don’t forget about margi...

Today we are continuing the discussion of Inverse Skip-Strike Butterflies, which began last week. If you are following along at home with the hardcover version of the book, you can find the information you need on page 112 (calls) and page 115 (puts).   Today, Brian discusses: A real-world example using NFLX You can find the discussion on NFLX here Where is the 30-day IV in NFLX? Why is the 30-day...

In this episode, we are discussing an inverse skip-strike butterfly, which you can find on pages 112 (calls) and 115 (puts) of The Options Playbook. You can also find all of this information on OptionsPlaybook.com.   Today Brian discusses: The set-up of an inverse skip-strike butterfly What do we want to happen? How much will it cost? What is the maximum risk? What is the maximum gain? When does t...

You can review volatility on page 14 of the Options Playbook. You can also find it online at OptionsPlaybook.com in the “basics” section. Today, Brian discusses:   A review of looking at stocks near earnings, which creates volatility What happens when the entire market is volatile? How do you adjust your trading as a result of volatile markets? Buying options Spreading options Butterflies

In this episode, Brian takes on listener questions about:   Profit and loss calculators Remember: slippage, commissions, and other variables Calendar spreads And more

In this episode, we are going to look at how to insure a long USO position using backspreads with puts. If you have the hardcover version of the book, you can follow along on page 87. If you want to follow along online, you can do so at OptionsPlaybook.com.   In this episode, Brian discusses: How the price of oil is reflected in USO Where are things priced now? How to ensure a USO stock position H...

In this episode Brian is discussing the fig leaf strategy for the oil sector. For those of you with the hardcover version of the book, this can be found on page 56. If you are following along online, it is always at OptionsPlaybook.com.   Today Brian discusses: A review of the fig leaf strategy Setting up an USO fig leaf Using options to create a larger position instead of “double up to catch up”...

Today, we are still discussing Christmas Tree Butterflies. For those of you with the hardcover version of the Options Playbook, you can find this on page 118. If you are following along online, it is all at OptionsPlaybook.com. Today, Brian discusses: Why are we talking about Christmas Tree Butterflies around earnings? Using a real-world example with FB The normal Christmas Tree Butterfly pattern...

In this episode, we are continuing our coverage of Christmas Tree Butterflies. For those of you with the hardcover version of the book, this is on pages 118 (calls) and 120 (puts). If you are following along online, you can find everything you need on OptionsPlaybook.com.   Today Brian discusses: Back to earnings season equals good scenarios for butterflies Why? Creating a paper trade with Amazon,...

In this episode, we are looking at the Christmas Tree Butterfly. If you are following along with the hard cover version of the book, it is on page 118 (calls) and page 120 (puts). If you are online, this information is always available on OptionsPlaybook.com.   Today Brian discusses: What is a Christmas Tree Butterfly? Setting it up How does a Christmas Tree Butterfly differ from a standard butter...

In this episode, we are reviewing some of the paper trades discussed in the past few Iron Condor episodes. If you are following along with the hardcover book, we are on page 126. You can always find this on OptionsPlaybook.com.   Today, Brian discusses: What was going on when we put on a short SPX paper trade last week? A review of the set up and the cost What do things look like now? Are we up? D...

In this episode, we are continuing our coverage of Iron Condors. If you have the hardcover version of the book, this is available on page 126. If you are following along online, you can always find this on OptionsPlaybook.com.   Today Brian discusses: A review from the previous episodes, including what happened in AAPL since last time What do to now that AAPL has moved close to the bottom strike?...

This week we are continuing our discussion of iron condors. For those of you playing the home game, you can find this information on page 126. If you're following along online, all of this information is always at OptionsPlaybook.com.   Today Brian discusses: A review of last time, which discussed indexes Looking at an iron condor on AAPL, going out 23 days What about earnings? Dividends? Quick an...

In this episode, Brian is talking about iron condors. If you have the hardcover version of the Options Playbook, you can find this information on page 126. If you are following along online, all of this information is always available at OptionsPlaybook.com.   Today, Brian discusses: How iron condors differ from regular condors Looking at iron condors with index options Why iron condors work well...

In this episode, we are discussing iron condors. For those of you with the hardcover version of the book, you can find this information on page 126. If you want to follow along online, it is all on OptionsPlaybook.com.   Today Brian discusses: The set-up of an iron condor Why is it called a condor? What is an iron condor? What is the next risk? What is the potential reward? When to get out? What d...

Over the last few weeks, we have been talking about butterflies, and last week, we covered inverse skip strike butterfly. This week, we are hitting that, but with calls. You can find this on page 112 of The Options Playbook, or look for it on OptionsPlaybook.com   Today Brian discusses: A review of last time, which was centered on DECK earnings Looking at an inverse skip strike butterflies with ca...

In this episode, we're discussing the inverse of skip strike butterflies. This can be found on pages 112 and 115 of the hardback version of the book, or you can always go to OptionsPlaybook.com. Today, Brian discusses: When you would want to use an inverse skip strike butterfly A live example using Deckers Outdoor What might happen to the underlying, and how to structure a position around it? What...

Options Playbook Radio 61: The Golden Rule In this episode, we are taking on more listener questions, including: In- versus out-of-the-money golden rules The top 10 mistakes  made by options traders Ways to offset decay Getting what you pay for Volatility Moneyness and time value    

Options Playbook Radio 60:  Listener Question Palooza In this episode, Brian and Mark take on listener questions as they attend the Options Industry Conference. They take on topics including: Skip strike butterflies around AAPL earnings Regular butterflies versus iron butterflies Has expiration Friday changed in significance in recent years? What about triple and quadrupole witching? The idea of d...

Options Playbook Radio 59: Skip Strike Butterflies, Continued In this episode, Brian continues his discussion of Skip Strike Butterflies. If you have the hard copy version of The Options Playbook, turn to page 108 for calls, or page 110 for puts. Today, Brian discusses: A review of last episode A real-world example using Priceline, which posts earnings on 5/7 before the open Let’s look at the ATM...

Options Playbook Radio 58: Back to Butterflies In this episode, we’re discussing skip strike, or modified/broken wing butterflies. If you’re playing the home game, you can find this information on page 108 (skip strike butterflies with calls) or page 110 (skip strike butterflies with puts). Additionally, it’s always available on OptionsPlaybook.com . Today, Brian discusses: Understanding butterfli...

Options Playbook Radio 57: Trading Diagonal Call Spreads around Earnings In this episode, Brian discusses trading around earnings, specifically using diagonal call spreads. You can find details on this at: tradeking.com/allstars Brian discusses: An example using Gilead Sell a call before earnings, buy a call after earnings Why is this called a diagonal? What is the maximum risk? Things to consider...

Options Playbook 56: Butterflies Around Earnings It is earnings season, and Brian discusses multiple butterfly strategies you can use around this time of season.

Options Playbook Radio 55: Huddle Up for Listener Questions. Today, we’re covering listener questions. Brian and Mark discuss: ·          Which OTM call strike performs best when the underlying rallies? ·          This covers: ·          Timing ·          Volatility ·          Volatility skew ·          Alternatives ·          And more…    

Options Playbook Radio 54: Butterfly Spreads, continued In this episode we are continuing our coverage of butterfly spreads. For those of you with the hardcover book, you can find this information on pages 103 and 104. You can also follow along on OptionsPlaybook.com. Today, Brian discusses: Two real strategies: a butterfly around IBM earnings, and a SPX Let’s look at what is happening with IBM IB...