Options Playbook Radio

Great thanks to everyone who participated in the Options Playbook Radio 100th episode extravaganza. Today, we are heading back to the playbook and looking at a YHOO skip-strike butterflies with an approximately 15-day expiration.


  • Avoiding the expiration that has the earnings
  • Setting up the trade
  • What is the maximum profit?
  • What is the maximum risk?
  • What do we want to happen in YHOO?
  • When would you use a skip-strike butterfly?
  • What's the worst-case scenario?
Direct download: OptionsPlaybookRadio101.mp3
Category:financial podcast -- posted at: 2:32pm CDT

Today, Brian and Mark take a look at back at episode 96 with Mark Sebastian from Option Pit.

They discuss:

  • What was the setup at the time for AMZN?
  • What position did we create?
  • What was the net cost?
  • What was the outlook?
  • What does Mark Sebastian think of the trade?
  • What would Mark do?
Direct download: OptionsPlaybookRadio100-5.mp3
Category:financial podcast -- posted at: 12:03pm CDT

In the last few episodes, we have talked to other options experts. Today is no exception, as we are joined by "Uncle" Mike Tosaw from RCM Wealth Advisors.

They discuss:

  • Episode 93: Backspreads with Puts on NFLX recap
  • Synthetic options
  • The impact of volatility
  • Directionality into earnings
  • What will happen to volatility if your forecast is correct?
  • And more
Direct download: OptionsPlaybookRadio100-4.mp3
Category:financial podcast -- posted at: 1:46pm CDT

The 100th episode of Options Playbook Radio is the gift that keeps on giving. In this third part of the celebration, Mark and Brian are joined by Russell Rhoads, from the CBOE Options Institute.

They discuss:

  • What is the VIX?
  • History of the VIX
  • Other volatility products
  • Where are these products traded?
  • How does venue impact the cost of trading?
  • How are people using volatility products?
  • Is there a difference between ETFs and ETNs on volatility?
  • A good candidate for a paper trade
Direct download: OptionsPlaybookRadio100-3.mp3
Category:financial podcast -- posted at: 1:18pm CDT

We are continuing with the 100th episode spectacular. Today, our featured guest is Dan Sheridan from Sheridan Options Mentoring.

They discuss:

  • A review of a TWTR iron condor paper trade
  • What was the situation when the trade was put on?
  • What does Dan think?
  • Doing a spec trade
  • What would Dan do?
  • Should we have considered weekly options?
  • What about gamma?
  • Did we use the baseball bat for its intended purpose?
Direct download: OptionsPlaybook101.mp3
Category:financial podcast -- posted at: 3:48pm CDT