Preview Mode Links will not work in preview mode

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 15, 2018

Last week we talked about a Costco butterfly. Let's revisit what has happened since. You can find more on page 102 (butterfly) and page 126 (iron condor) of The Options Playbook, which is always available on, in on the Amazon Kindle edition.


  • A review of last week's comparison of the butterfly vs. iron condor in COST
  • Breaking down the butterfly
  • What about the iron condor?
  • What happened after COST announced earnings?
  • Implied volatility and time decay as factors
  • Moving on to FedEx, which reports earnings on 3/20
  • How to set up a trade to contain the earnings
  • Selecting strikes
  • What is the cost?
  • What is the maximum risk?

Do you have a question that you want answered on a future episode? Send them to Brian at, or to the Options Insider at