May 7, 2015
Options Playbook Radio 59: Skip Strike
In this episode, Brian continues his
discussion of Skip Strike Butterflies. If you have the hard copy
version of The Options Playbook, turn to page 108 for calls, or
page 110 for puts.
Today, Brian discusses:
- A review of last episode
- A real-world example using Priceline, which
posts earnings on 5/7 before the open
- Let’s look at the ATM straddle for the
options expiring on 5/8.
- What has happened previously to Priceline
- What to do about that?
- What is the upside?
- What is the downside?