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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.

Jun 29, 2017

Today Brian covers a skip-strike butterfly, which you can find on page 109 of The Options Playbook. This is always available on, in on the Amazon Kindle edition.


  • What are the right circumstances for trading a skip-strike butterfly?
  • A bad news event in GOOGL creates an interesting situation for options traders
  • Where is GOOGL right now?
  • What exactly is a skip-strike butterfly?
  • What's our forecast?
  • Where is the at-the-money straddle?
  • Setting up the trade
  • Picking strikes
  • Picking expiration
  • What's the maximum risk?
  • What will this cost?
  • Butterfly considerations
  • What do we want to happen?

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