Options Playbook Radio (financial podcast)

Last week's episode looked at a backspread with calls. That strategy is on page 83 of the Options Playbook. This week, we will cover a debit put spread, which is on page 62.

In this session, Brian covers:

  • A review of last week's AMD backspread
  • Why look at FCX?
  • Why a long put spread?
  • Erring on the side of being too short or too long
  • Intrinsic value considerations
  • Picking strikes and expiration dates
  • Buying as much time premium as selling
Direct download: OptionsPlaybookRadio160.mp3
Category:financial podcast -- posted at: 2:22pm CDT

Today, we will explore back spread with calls in AMD (page 84). This is always available on OptionsPlaybook.com, or on the Amazon Kindle edition.

In this episode, Brian covers:

  • What are the benefits and risks of the back spread with calls?
  • What has happened since we put the trade on?
  • Setting up the trade.
  • What is the maximum risk? Reward?
  • What is the ideal scenario?
Direct download: Options_Playbook_159_final.mp3
Category:financial podcast -- posted at: 7:22am CDT

It's all listener questions in this special edition of Options Playbook Radio.

  • Question from JDog - I just got an options pitch that says that options buyer lose money on 7 out of every 10 trades. Is that true?
  • Question from Alan Shepard - Why would I ever buy an option when 90% of them expire worthless?
  • Question from Lesnod - How do you get out of the straddles? One side of a straddle is always a loss correct?
  • Question from Bob - Concerning options: I have been told to take an ATM call and put, add them together and that is the expected move. Is that correct?

If you have questions for Brian, send them to theoptionsguy@ally.com.

Direct download: OptionsPlaybookRadio158-2.mp3
Category:financial podcast -- posted at: 11:14am CDT

It's all listener questions in this episode of Options Playbook Radio. Do you have questions that you would like answered on the show? Send them to Brian at theoptionsguy@tradeking.com.

  • Question from JLaws: My dad is coming over to the dark side slowly but surely/ He is thinking about dipping his toes in the options pool. What product do you recommend for an options newcomer making his first trade?
  • Question from Sharkcake: I have been approved to trade options by my Brokerage but I have yet to execute my first trade. What trade do you recommend?
  • Question from Meats: Would you describe successful options trading as primarily singles and doubles or more swing-for-the-fences home runs?
  • Question from Mary: What is the shortest expiry available for plain vanilla options?
Direct download: OptionsPlaybookRadio158.mp3
Category:financial podcast -- posted at: 12:54pm CDT

Last week we looked at an inverse, skip-strike butterfly on AAPL before earnings (page 112). Today, we will explore a FB iron condor (page 126). This is always available on OptionsPlaybook.com, or on the Amazon Kindle edition.

In this episode, Brian covers:

  • A review of last week
  • What are the benefits and risks of the skip-strike butterfly?
  • What has happened since we put the trade on?
  • What should you have done?
  • What is going on with FB?
  • Setting up the trade
  • What is the expected move after earnings?
  • Selecting the expriation
  • Selecting the strikes
  • What is the maximum risk? Reward?
  • What is the ideal scenario?

Do you have questions that you would like answered on the show? Send them to Brian at theoptionsguy@tradeking.com.

Direct download: OptionsPlaybookRadio157.mp3
Category:financial podcast -- posted at: 1:52pm CDT

It's earnings season again. As such, we're looking at an inverse skip-strike butterfly to capture some earnings move. You can find skip-strike butterflies with calls on page 108, and inverse skip-strike butterflies with calls on page 112 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle edition.

In this episode, Brian covers:

  • A review of last week's AMZN butterfly
  • Lesson to learn: Time makes the trade cheaper
  • Determining strike prices
  • Making sure you do not get blown out
  • Looking at the implied volatility
  • How to use time premium
  • What is the net credit?
  • What is the maximum risk?
Direct download: Options_Playbook_156_final.mp3
Category:financial podcast -- posted at: 9:21am CDT

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 OptionsPlaybook.com, 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?
Direct download: OptionsPlaybookRadio155.mp3
Category:financial podcast -- posted at: 3:01pm CDT

For the last few episodes, we explored backspreads in SNAP. This week we shift gears to another name that is highly volatile right now, United Air Lines. Let's explore a long butterfly spread with UAL calls.

In this episode:

  • A review of the SNAP backspreads
  • Volatility in UAL skyrockted
  • Why choose a butterfly spread?
  • Choosing a one-day trade
  • Selecting strikes
  • Setting up the trade
  • What is the cost?
  • What do we want to happen?
Direct download: OptionsPlaybookRadio154.mp3
Category:financial podcast -- posted at: 12:25pm CDT

SNAP's recent IPO has had the name in the news quite a bit these days, so let's take a look at SNAP backspread with puts, which is on page 84 (calls) and page 87 (puts) of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle edition.

In this episode, Brian reviews:

  • The SNAP backspread with calls from last time
  • What has SNAP done since last time?
  • Where are the SNAP options now?
  • What about implied volatility?
  • When will earnings be announced?
  • Taking a bearish view this week
  • Setting up the trade
  • What is the expected move on the May 19 contracts?
  • What is the cost?

Do you have questions that you would like answered on the show? Send them to Brian at theoptionsguy@tradeking.com.

Direct download: OptionsPlaybookRadio153.mp3
Category:financial podcast -- posted at: 9:29am CDT

SNAP's recent IPO has had the name in the news quite a bit these days, so let's take a look at SNAP backspread with calls, which is on page 84 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle edition.

In this episode, Brian covers:

  • A review of last week's long call on PFE
  • Still figuring out the SNAP valuation
  • Where is implied volatility?
  • Why a backspread instead of a straddle?
  • Selecting the expiration date
  • What about earnings?
  • Selecting strikes
  • What is the expected movement?
  • What is the risk? Upside?

Do you have questions that you would like answered on the show? Send them to Brian at theoptionsguy@tradeking.com.

Direct download: OptionsPlaybookRadio152.mp3
Category:financial podcast -- posted at: 1:38pm CDT