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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.

Oct 25, 2018

Being in the heart of FAANG earnings season, let's look at GOOGL and AMZN. You can find more in The Options Playbook, which is always available on, in on the Amazon Kindle edition.


  • What is happening in the markets right now?
  • What about GOOGL and AMZN, specifically?
  • What are the expected moves?
  • What is our strategy?
  • We're looking for positive theta, but negative vega
  • Let's look at a GOOGL skip-strike butterfly
  • Selecting strikes and expiration
  • What is the cost? Maximum risk? Remember margin!
  • Remember the risk of gap-up or gap-down
  • What do we want to happen?
  • What about AMZN?
  • What is the expected move?
  • Selecting strikes and expiration
  • What is the maximum risk? Reward?
  • What do we want to happen?

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