Options Playbook Radio

We have recently been doing a lot of long spreads, and then adjusting based on market conditions. If you want to follow along with The Options Playbook, you can find long spreads on page 60, and long strangles on page 72.

Today, Brian discusses:

  • A review of last time
  • News since the last episode
  • Putting on a position because of the chart
  • Looking at selling aput below the 2100 strike
  • What will it cost?
  • What is the current position?
  • We now have a gaggle of securities
  • Putting on a diagonal spread in LEN

Do you have a question that you would like to have answered on Options Playbook Radio? You can submit your feedback right on the Options Playbook Radio Facebook page. There, you will also find past episodes, and more from your host Brian Overby.

Direct download: OptionsPlaybookRadio125.mp3
Category:financial podcast -- posted at: 12:11pm CDT

For the last few weeks, we have been discussing long put spreads, which can be found on page 62 of The Options Playbook. You can always follow along online on OptionsPlaybook.com.

This week Brian discusses:

  • A reivew of the last two trades he covered
  • What has the market done since?
  • Where does it leave the spread?
  • What do we do now?
  • How will we reduce risk?
  • Setting up the trade
  • When do we close out?
  • Setting up a new trade
  • What is the outlook?

Do you have a question that you would like to have answered on Options Playbook Radio? You can submit your feedback right on the Options Playbook Radio Facebook page. There, you will also find past episodes, and more from your host Brian Overby.

Direct download: OptionsPlaybookRadio124.mp3
Category:financial podcast -- posted at: 11:49am CDT

Continuing with the long SPX put spread that we put on last week, Brian looks at current market conditions and decides if and how to make any adjustments. If you want to follow along in the Options Playbook, this is on page 62. You can always find this information on OptionsPlaybook.com.

This week Brian discusses:

  • What happened after the Fed meeting last week?
  • A recap of last week's strategy
  • What did the market do?
  • Based on how the market moved, how do we make an adjustment?
  • Picking the strikes
  • What is the risk? Cost basis?
  • What are the possibilities within the strikes of the butterfly?
  • Given where the market is, what should we do?
  • What is the outlook?
  • What is the adjustment

Do you have a question that you would like to have answered on Options Playbook Radio? You can submit your feedback right on the Options Playbook Radio Facebook page. There, you will also find past episodes, and more from your host Brian Overby.

Direct download: OptionsPlaybookRadio123.mp3
Category:financial podcast -- posted at: 12:21pm CDT

This week, we are moving past earnings to look a the overall market. To do this, we'll try a long put spread, which is on page 62 of The Options Playbook. You can always find the information online at OptionsPlaybook.com.

Today, we discuss:

  • A review of last week's bull call spread on FL
  • What was our forecast?
  • What happened?
  • Now that earnings are mostly over, let's look at the general, overall market
  • Setting up a long put spread in the S&P 500
  • Picking expriations: why weekly options over standard options?
  • With these expriations, we are selling more time premium that we are buying
  • Picking strikes: where is the SPX right now?
  • Will Labor Day impact the spread?
  • What was the net cost? Risk?
  • Don't forget about commissions!
Direct download: OptionsPlaybookRadio122.mp3
Category:financial podcast -- posted at: 11:17am CDT

To follow along, you can find long call spreads on page 60 of the Options Playbook. You can also play along online at OptionsPlaybook.com In this episode, Brian discusses:

  • A review of last week's episode featuring TIF
  • What happened since putting on the TIF paper trade?
  • Moving on to FL, which reports earnings tomorrow, August 19
  • Where is the long straddle trading on the options expiring on August 19?
  • What is the outlook on FL?
  • Setting up the trade
  • What is the risk? Reward?
Direct download: OptionsPlaybookRadio121.mp3
Category:financial podcast -- posted at: 4:39pm CDT

This week Brian takes a look back at his previous earnings trade on PCLN. What went right? What went wrong? Tune in to this episode of Options Playbook Radio to find out.

Have a question for Brian? He's happy to answer them directly via the TradeKing Facebook Page - https://www.facebook.com/tradeking.

Direct download: Options_Playbook_120_final.mp3
Category:financial podcast -- posted at: 11:34am CDT

We're still in earnings season, so let's take a look at Priceline. Sticking with butterflies, this week we are looking at put butterflies. You can find this on page 104 in The Options Playbook, but you can always find this online at OptionsPlaybook.com.

This week we cover:

  • Review of last week's GOOG butterfly
  • What a difference choosing expirations can make
  • Upcoming Priceline earnings (before the open on Aug. 4)
  • What is the at-the-money long straddle?
  • What is the outlook?
  • Setting up the butterfly
  • What kind of move is the market expecting?
  • What is our maximum risk?
  • Reward?
  • And more
Direct download: OptionsPlaybookRadio119.mp3
Category:financial podcast -- posted at: 5:01pm CDT

'Tis the season...earnings season. Instead of avoiding earnings, we are jumping right in, and are going to do so with a long butterfly with calls on GOOG. If you want to follow along with the book, you can find this on page 102.

Today, Brian covers:

  • A review of last time, including a mistake we made with the math
  • GOOG announces earnings after the close on July 28
  • Setting up a butterfly to capture earnings numbers
  • What is the most at-the-money straddle in the nearest-term expiration?
  • Why do we look at this straddle number?
  • What is the outlook?
  • Setting up the butterfly
  • What kind of move is the market expecting?
  • What is our maximum risk? Reward?
  • Choosing the 9-day versus the 2-day expiration
Direct download: OptionsPlaybookRadio118.mp3
Category:financial podcast -- posted at: 2:25pm CDT

Brian is back to discuss how things went with the the long call that he discussed last week. Specifically, he discusses:

  • The AMZN long call spread from last week
  • Turning that into a standard butterfly with calls
  • What happened after we placed the paper trade?
  • What was the adjustment?
  • Where do things stand now?
  • How would we close the position?
  • What is the risk? Reward?
Direct download: OptionsPlaybookRadio117.mp3
Category:financial podcast -- posted at: 11:09am CDT

We are back to strategies this week and are looking at long call spreads...with a twist. If you're following along at home, this is on page 60 of the Options Playbook, but you can always find it on OptionsPlaybook.com.

Jumping in:

  • AMZN is announcing earnings in two weeks, but we are looking to avoid those earnings
  • We're taking a traditional long call spread, and trying to make it time/premium positive
  • What does that mean?
  • What is the break-even?
  • Setting up the trade
  • What adjustment would we make to it?
Direct download: OptionsPlaybookRadio116.mp3
Category:financial podcast -- posted at: 1:27pm CDT