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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.

Apr 20, 2017

It's earnings season again. As such, we're looking at a skip-strike butterfly to capture some earnings move. You can find skip-strike butterfiles on page 108 of The Options Playbook, on, or on the Amazon Kindle edition.

In this episode, Brian covers:

  • A review of last week's UAL butterfly
  • Lesson to learn: Don't try to hit a home run with a butterfly
  • Putting on a skip-strike butterfly with calls
  • Picking the expiration
  • Looking at the implied volatility
  • Picking strikes
  • What is the net credit?
  • What is the maximum risk?