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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 22, 2015

In this episode, we are discussing skip-strike butterflies with calls that we did last earnings season. This was in episode 77. For those of you with the hardcover version of the book, please turn to page 108. If you are following along online, this is always at

Today Brian discusses:

  • Setting up a skip-strike butterfly on AMZN around earnings.
  • Where is the market right now?
  • What do we want to happen in AMZN?
  • What is the maximum reward? Risk?
  • How to use the proceeds of one leg to buy the other.
  • The good news and the bad news.