Options Playbook Radio

As we enter the end of earnings season, there are still a few big names left to report, including Priceline, PCLN. This is an interesting opportunity for a skip-strike butterfly. You can find more on page 108 of The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • Earnings + expiration + implied volatility = interesting situation
  • Goal: do the trade for a net credit
  • PLCN announces earnings on 2/27
  • What is the expected move?
  • What is the implied volatility?
  • Selecting the strikes
  • Remember commissions!
  • What's the risk? Reward?
  • When to get out?

Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

Direct download: OptionsPlaybookRadio197.mp3
Category:general -- posted at: 5:07pm CDT

We are back to the playbook this week and taking a close look at Wynn Resorts. There is a lot of volatility in the stock these days with the CEO in the news quite a bit these days. We are looking at a very short-term butterfly. You can find more on page 104 of The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • Why a very short-term trade?
  • What is the desired outcome?
  • What about the stock going ex-dividend?
  • Setting up the trade
  • Why use puts?
  • Selecting strikes
  • What is the cost?
  • When to get out?
  • Looking at net theta versus net delta

Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

Direct download: OptionsPlaybookRadio196.mp3
Category:general -- posted at: 1:46pm CDT

It's time to huddle up and take on listener questions in this episode of Options Playbook Radio.

  • Question from Janice: Hi Brian! I have a question about the way you talk about the alternatives available for managing the LEAPS option put spread if the market goes down. Can you please explain?
  • Question from Matt: What's up with the FB $5 calls?
  • Question from Johnny Bananas: If you buy a put option and the strike price is $5 and the stock drops to $3, is it still worth money?
Direct download: OptionsPlaybookRadio195.mp3
Category:general -- posted at: 2:38pm CDT

Continuing with the idea of FAANG stock earnings, today we're looking at an AAPL protective put. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • A review of last week
  • How do you protect yourself against a big move in AAPL after earnings?
  • Where is AAPL now?
  • What is the outlook?
  • Selecting a strike and expiration
  • What is the cost? Upside?
  • Meeting the "deductible"
  • What about a protective put spread?
  • What is the cost?
  • Why do it?
  • How do weeklys impact the ability to buy insurance around earnings?

Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

Direct download: OptionsPlaybookRadio194.mp3
Category:financial podcast -- posted at: 2:03pm CDT

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