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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.

Aug 13, 2015

In this episode, we are going to look at how to insure a long USO position using backspreads with puts. If you have the hardcover version of the book, you can follow along on page 87. If you want to follow along online, you can do so at


In this episode, Brian discusses:

  • How the price of oil is reflected in USO
  • Where are things priced now?
  • How to ensure a USO stock position
  • How to tie backspreads to a stock position
  • This is AKA a pay-later put
  • How to set it up
  • What are we hoping will happen?
  • Potential gains and losses
  • Caveats and considerations