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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 1, 2018

Let's review the skip-strike butterfly in PCLN from last week. You can find more on page 108 of The Options Playbook, which is always available on, in on the Amazon Kindle edition. The long butterfly (used on the Costco paper trade) is on page 102.


  • A review of last week
  • A change of name
  • Did you adjust?
  • Was time on your side?
  • Who is up next? Costco Holdings!
  • What are we looking for?
  • Putting on an at-the-money butterfly
  • Selecting strikes
  • What is the break even?
  • Avoiding the "stupid award"

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