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Options Playbook Radio

Welcome to Options Playbook Radio - the program where we break down cutting edge options strategies and explain how you can incorporate them into your own portfolio.

Aug 25, 2016

This week, we are moving past earnings to look a the overall market. To do this, we'll try a long put spread, which is on page 62 of The Options Playbook. You can always find the information online at

Today, we discuss:

  • A review of last week's bull call spread on FL
  • What was our forecast?
  • What happened?
  • Now that earnings are mostly over, let's look at the general, overall market
  • Setting up a long put spread in the S&P 500
  • Picking expriations: why weekly options over standard options?
  • With these expriations, we are selling more time premium that we are buying
  • Picking strikes: where is the SPX right now?
  • Will Labor Day impact the spread?
  • What was the net cost? Risk?
  • Don't forget about commissions!