Options Playbook Radio

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.

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.

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.

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.

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?

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.

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.

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.

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.

We are back into earnings season. Let's take a look at a skip-strike butterfly in NFLX. 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 Boeing calendar spread from last time What happened since the paper trade was put on? Looking ahead to NFLX earnings Where is NFLX now? What is the expected move? What happens if we are wrong? What is the maximum return? Reward? 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.

Today we are bringing you the best of Options Playbook Radio.  Originally posted December 28th, 2017 Mark and Brian are back to answer listener questions. In particular: Question from Taj Penaso - Hi, will there be options for bitcoin once the futures are traded?? or just the futures until there are tradeable ETFs available? Thanks. #Options #QOTW - Now it's a party! #Bitcoin futures are live on both @CMEGroup & @CBOE. But everyone's asking us the $1M question - "When will we get #Bitcoin #Options?" So we thought we'd ask you - When will we be able to trade #options on these futures? 52% - Q1 2018, 19% - Q2 2018, 14% - Q3 2018, 5% - Q4 2018 Question from L Penguin - I have a question for the option playbook. I'm a new options trader and I want to buy a LEAP call bc it looks like the stock is going to go to up in the next 12 months, but I don't want to commit yet. I also want to generate income while I hold that position. What are your thoughts on selling the call while I have the leap? Also, this stock h

Tariff turmoil is rocking the market and is beating up some stocks, including Boeing (BA). You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: Implied volatility is spiking because of talk of tariffs BA announces earnings on 7/25 Stock has fallen about 40 points over the last month Putting on a long call spread Selecting strikes and expirations What is the total cost? What do we want to happen? What is the maximum risk? Reward? Rolling and adjusting options 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.

News out of Canada regarding the legalization of marijuana has impacted volatility of medical marijuana stocks. This is an interesting opportunity to get back to basics, including a covered call and a cash-secured put. 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 How did the trade work out? Legal pot in Canada? That impacts IV for CGC What is our outlook? Setting up the trade 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.

This week we will look at a long butterfly with calls. You can find more on page 102 in The Options Playbook, which is always available on OptionsPlaybook.com, or on the Amazon Kindle edition. Specifically: A review from last week (diagonal spread with calls) Staying in FedEx Earnings! June 19' Setting up the trade Selecting strikes, expiration What is the maximum risk? Reward? What do we want to happen? 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.

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.

Huddle up, listeners. It's all listener questions today on Options Playbook Radio. Including: Is there a rule of thumb on how many strikes to skip in a skip strike butterfly? What is Brian's favorite underlying for trading options Do you trade options on stocks below $5? 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.

We looked at doing a long call spread last week, which was net positive theta time premium. This week we will be looking at indexes. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, or on the Amazon Kindle edition. Specifically: Indexes and volatility Rolling out of SPY put flys into credit spreads Trading it directionally Setting up the trade Selecting strikes What do we want to happen? What is the max risk? Reward? To adjust or not to adjust? 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.

We are back in the saddle discussing options strategies. With the VIX in the low- to mid-teens, that makes for an interesting time to look at volatility. We are going to look at a long call spread, possibly with a roll. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, or on the Amazon Kindle edition. Specifically: Indexes and volatility Looking to do this trade for positive theta Selecting expriations What's a time bomb butterfly? Setting up the trade Selecting strikes What do we want to happen? What is the max risk? Reward? To adjust or not to adjust? 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.

Mark and Brian are on location at the Options Industry Conference, the annual event that brings everyone in the options industry together. They discuss: Are covered calls really the best strategy for novice options traders? Is there a good rule of thumb on when to use a ratio spread? Should trading be concentrated in the last 30 minutes of the day to take advantage of liquidity? 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.

Mark and Brian are on location at the Options Industry Conference, the annual event that brings everyone in the options industry together. They discuss: Specifically: Launching new products to meet retail investor needs Liquidity concerns Exchanges fragmenting liquidity through extra strikes and expirations What about price improvement? Unlimited quoting What did they learn at this year's event? 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.