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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.

Mar 2, 2017

Last week we put on two long spreads to coincide with GPS earnings. We knew that one of them would not work, and planned on adjusting it into a butterfly. In this episode, Brian rolls the long put spread into a butterfly.

Specifically, Brian discusses:

  • A review of last week
  • What happened since GPS announced earnings?
  • Which trade didn't work?
  • Adjusting the long put spread
  • What do we want to happen?
  • Setting up the trade, picking strikes
  • What is the net risk? Reward?
  • What is the plan until expiration?

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