Options Playbook Radio

Tilray Inc. (TLRY) has gone up over 100% in two days. With stocks that move like this, it's a great learning experience. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • A review of last week's NKE diagonal spread
  • What did we want to happen?
  • What actually happened?
  • What does that mean for the contract we bought?
  • What do to now? Let's roll!
  • Crazy moves in TLRY
  • Why are the puts so pricey?
  • What would Brian do? (WWBD?)
  • Super high implied volatility
  • And more....

Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

Direct download: OptionsPlaybookRadio226.mp3
Category:general -- posted at: 2:10pm CDT

Nike (NKE) has been in the news a lot lately and will announce earnings on September 25. Let's take a look at a diagonal trade. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • A review of last week
  • What happened to the SPX?
  • Did you get out, or did you get the stupid award?
  • NKE is near all-time highs
  • Setting up the trade
  • Selecting strikes and expirations
  • Pay attention to the delta of the trade
  • Addressing different scenarios

Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

Direct download: OptionsPlaybookRadio225.mp3
Category:general -- posted at: 3:22pm CDT

Now that earnings season is over, it's time to get back to the basics. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • A review of last week
  • Setting up a long put butterfly in SPX
  • Where is the SPX now?
  • Where is volatility?
  • Selecting strikes
  • Using the nearest-term expiration
  • Settlement is at the close on Friday
  • What's the upside? Downside?
  • What do we want to happen?
  • How to roll into a short put spread
  • Remember commissions!

Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

Direct download: OptionsPlabyookRadio234.mp3
Category:general -- posted at: 1:30pm CDT

Now that earnings season is over, it's time to get back to the basics. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • A review of last week
  • What happened if you stuck around to the close on Friday?
  • How did we do?
  • Markets are closed for Labor Day
  • How do we take the holiday into account?
  • Where is the S&P 500 right now?
  • Selecting strikes and expiration
  • What do we want to happen?
  • What if it starts to go south?
  • How to turn this into a butterfly
  • And more....

Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

Direct download: OptionsPlaybookRadio233.mp3
Category:general -- posted at: 1:24pm CDT

Now that earnings season is over, it's time to get back to the basics. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • Why choose the S&P 500 index?
  • Selecting the expiration (just two days!)
  • Selecting strikes
  • What is the risk?
  • Remember commissions, especially with a three-legged trade
  • Interesting downside considerations
  • What do we want to happen?

Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

Direct download: OptionsPlaybookRadio222.mp3
Category:financial podcast -- posted at: 8:33pm CDT

Huddle, up listeners! It's time for Brian and Mark to take on listener questions, including:

  • Options question of the week: Earnings season in in full swing. Which names will dominate your options trading this week?
    • 47% - AAPL
    • 37% - TSLA
    • 6% - GPRO
    • 10% - CBOE
  • Question from Imhad1: Is HMNY now the most option-like stock ever? Back to $.08 after reverse splitting up to $14. Crazy! Who would buy an option on this thing?
  • Question from Ling: I've heard some educators say that you should never hold out for the max profit in an options spread trade because that means you held onto it too long. Is this the case? Do you agree? Thx and enjoying the handbook.
  • Question from Flyguy: Hey what do you guys do with your long calendar spreads? Do you close out the short leg if the stock doesn't move then keep the long leg or just close the whole spread out?
Direct download: OptionsPlaybookRadio221.mp3
Category:general -- posted at: 1:18pm CDT

As earnings season winds down, we are looking at strategies before, during, and after announcements. Last week, we did a skip-strike butterfly in GOOGL. Let's follow up on how that went. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • A review of the skip-strike butterfly
  • What has happened to GOOGL since then?
  • BKNG (formerly Priceline) is about to announce earnings
  • Setting up the trade
  • Selecting strikes, expiration
  • What is the cost?
  • What do we want to happen?
  • Why a butterfly versus a skip strike butterfly?
  • And more...

Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

Direct download: OptionsPlaybookRadio220.mp3
Category:financial podcast -- posted at: 11:39am CDT

We are in the heart of earnings season, and next week a lot of the FANG stocks will announce. Two weeks ago, we did a diagonal spread in GOOGL. Let's follow up on how that went, and look at a skip-strike butterfly, as well. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • How was the diagonal spread set up?
  • What happened to GOOGL since the paper trade was established?
  • What are we doing now?
  • Setting up the skip strike butterfly
  • Selecting strikes and expiration date
  • What is the cost?
  • Remember implied volatilities!
  • What happens if we are wrong? Right?
  • And more...

Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

Direct download: OptionsPlaybookRadio219.mp3
Category:general -- posted at: 2:43pm CDT

Huddle up, listeners. It's time for listener questions. If you have questions about anyoptions plays, you can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • How do you like to trade options during earnings season? Do you hold a position through an announcement?
  • How do you determine a strategy or direction? How to select strikes and expiration?
  • What the brokers versus the regulators have to say about defined risk trades

Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

Direct download: OptionsPlaybookRadio218.mp3
Category:general -- posted at: 3:04pm CDT

We are in the heart of earnings season, and next week a lot of the FANG stocks will announce. Let's take a look at a diagonal spread in GOOGL. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • Why a diagonal spread?
  • What is a diagonal spread?
  • Setting up a trade
  • GOOGL announces earnigns on 7/23
  • Selecting the strikes and expirations
  • What do we want to happen? What do we want to avoid?
  • What is the risk? Reward?
  • Remember margin!

Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

Direct download: OptionsPlaybookRadio217.mp3
Category:general -- posted at: 2:43pm CDT