Options Playbook Radio (general)

Huddle up, listeners. It's time for listener questions. If you have questions about anyoptions plays, you can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • How do you like to trade options during earnings season? Do you hold a position through an announcement?
  • How do you determine a strategy or direction? How to select strikes and expiration?
  • What the brokers versus the regulators have to say about defined risk trades

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: OptionsPlaybookRadio218.mp3
Category:general -- posted at: 3:04pm CDT

We are in the heart of earnings season, and next week a lot of the FANG stocks will announce. Let's take a look at a diagonal spread in GOOGL. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • Why a diagonal spread?
  • What is a diagonal spread?
  • Setting up a trade
  • GOOGL announces earnigns on 7/23
  • Selecting the strikes and expirations
  • What do we want to happen? What do we want to avoid?
  • What is the risk? Reward?
  • Remember margin!

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: OptionsPlaybookRadio217.mp3
Category:general -- posted at: 2:43pm CDT

We are back into earnings season. Let's take a look at a skip-strike butterfly in NFLX. 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 the Boeing calendar spread from last time
  • What happened since the paper trade was put on?
  • Looking ahead to NFLX earnings
  • Where is NFLX now?
  • What is the expected move?
  • What happens if we are wrong?
  • What is the maximum return? Reward?

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: OptionsPlaybookRadio216.mp3
Category:general -- posted at: 11:15am CDT

Tariff turmoil is rocking the market and is beating up some stocks, including Boeing (BA). You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • Implied volatility is spiking because of talk of tariffs
  • BA announces earnings on 7/25
  • Stock has fallen about 40 points over the last month
  • Putting on a long call spread
  • Selecting strikes and expirations
  • What is the total cost?
  • What do we want to happen?
  • What is the maximum risk? Reward?
  • Rolling and adjusting options

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: OptionsPlaybookRadio215.mp3
Category:general -- posted at: 11:30am CDT

News out of Canada regarding the legalization of marijuana has impacted volatility of medical marijuana stocks. This is an interesting opportunity to get back to basics, including a covered call and a cash-secured 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 did the trade work out?
  • Legal pot in Canada? That impacts IV for CGC
  • What is our outlook?
  • Setting up the trade
  • What do we want to happen?

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: OptionsPlaybookRadio214.mp3
Category:general -- posted at: 10:23am CDT

This week we will look at a long butterfly with calls. You can find more on page 102 in The Options Playbook, which is always available on OptionsPlaybook.com, or on the Amazon Kindle edition.

Specifically:

  • A review from last week (diagonal spread with calls)
  • Staying in FedEx
  • Earnings! June 19'
  • Setting up the trade
  • Selecting strikes, expiration
  • What is the maximum risk? Reward?
  • What do we want to happen?
  • And more...

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: OptionsPlaybookRadio213.mp3
Category:general -- posted at: 2:42pm CDT

Huddle up, listeners. It's all listener questions today on Options Playbook Radio.

Including:

  • Is there a rule of thumb on how many strikes to skip in a skip strike butterfly?
  • What is Brian's favorite underlying for trading options
  • Do you trade options on stocks below $5?

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: OptionsPlaybookRadio211.mp3
Category:general -- posted at: 2:32pm CDT

We are back in the saddle discussing options strategies. With the VIX in the low- to mid-teens, that makes for an interesting time to look at volatility. We are going to look at a long call spread, possibly with a roll. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, or on the Amazon Kindle edition.

Specifically:

  • Indexes and volatility
  • Looking to do this trade for positive theta
  • Selecting expriations
  • What's a time bomb butterfly?
  • Setting up the trade
  • Selecting strikes
  • What do we want to happen?
  • What is the max risk? Reward?
  • To adjust or not to adjust?

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: OptionsPlaybookRadio209B.mp3
Category:general -- posted at: 12:06pm CDT

Mark and Brian are on location at the Options Industry Conference, the annual event that brings everyone in the options industry together. They discuss:

  • Are covered calls really the best strategy for novice options traders?
  • Is there a good rule of thumb on when to use a ratio spread?
  • Should trading be concentrated in the last 30 minutes of the day to take advantage of liquidity?

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: OptionsPlaybookRadio209.mp3
Category:general -- posted at: 12:47pm CDT

We are in the tech portion of earnings season, so let's take a look at Facebook. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, or on the Amazon Kindle edition.

Specifically:

  • Where is FB trading right now?
  • What is the situation with FB?
  • Can we sell the put spread for enough of a credit to buy a call?
  • Setting up the put spread
  • Selecting strikes
  • Looking to buy a call from the proceeds
  • Selecting the strike
  • What do we want to happen?
  • What is the risk? Reward?
  • How you can double up to catch up
  • Some rationale on time frame

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: OptionsPlaybookRadio206.mp3
Category:general -- posted at: 2:42pm CDT